Tuesday 11th April 2023
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Stride Investment Management Limited (SIML) advises of changes to the Board of Directors of the stapled companies, SIML and Stride Property Limited (SPL) (with SIML and SPL together being Stride Property Group), with the appointment of a new Director, Tracey Jones, and the retirement of Director Philip Ling.
As stated at the Annual Shareholder Meetings of SPL and SIML in 2022, Philip Ling indicated his intention to retire from the Boards during 2023, as part of the ongoing Board refresh process.
Philip has been a Director of SPL and SIML for nearly six years, a period of time during which Stride has experienced considerable growth and transformation as it continues to grow its real estate investment management business. The Boards and the Stride business have benefited greatly from Philip’s dedication and commitment and his extensive real estate funds management experience.
The SIML Board has been in the process of recruiting a new director in anticipation of Director Philip Ling’s retirement, and is pleased to announce the appointment of Tracey Jones. Tracey is currently the Board Chair of Nikko Asset Management New Zealand, and an independent director of Partners Life, Punakaiki Fund Limited and Harmoney Corp Limited. Tracey is a Chartered Accountant with a strong background in funds under management, operations and finance, and has considerable experience in property management.
Chair Tim Storey commented “We are very grateful for the service of Philip Ling during his time as a director of Stride. He has been an integral member of the Boards during a period of strong growth in Stride’s property funds management business, and we wish him well in his retirement. We are pleased to welcome Tracey Jones to the Stride Boards. Tracey’s background in property and funds management will be very valuable for the ongoing oversight of Stride’s real estate investment management business.”
The appointment of Tracey and the retirement of Philip will both take effect immediately. In accordance with the NZX Listing Rules, Tracey will retire and stand for election at the next Annual Shareholder Meetings of SPL and SIML.
For further information please contact:
Tim Storey, Chairman, Stride Investment Management Limited / Stride Property Limited
Mobile: 021 633 089 - Email: email@example.com
Philip Littlewood, Chief Executive Officer, Stride Investment Management Limited
Mobile: 021 230 3026 - Email: firstname.lastname@example.org
Jennifer Whooley, Chief Financial Officer, Stride Investment Management Limited
Mobile: 021 536 406 - Email: email@example.com
Louise Hill, General Manager Corporate Services, Stride Investment Management Limited
Mobile: 0275 580 033 - Email: firstname.lastname@example.org
A Stapled Security of the Stride Property Group comprises one ordinary share in Stride Property Limited and one ordinary share in Stride Investment Management Limited. Under the terms of the constitution of each company, the shares in each can only be transferred if accompanied by a transfer of the same number of shares in the other. Stapled Securities are quoted on the NZX Main Board under the ticker code SPG. Further information is available at www.strideproperty.co.nz or at www.nzx.com/companies/SPG.
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