Sutton Harbour Group PLC Director Appointment (2141R)
28 Ottobre 2019 - 8:00AM
UK Regulatory
TIDMSUH
RNS Number : 2141R
Sutton Harbour Group PLC
28 October 2019
28 October 2019
Sutton Harbour Group plc
("Sutton Harbour Group", "The Company")
Director Appointment
The board announces that it has appointed Corey Benjamin
Beinhaker, age 50, as an Executive Director in the role of Chief
Operating Officer with immediate effect. The appointment concludes
the search undertaken during the past year which was led by other
board members, Graham Miller and Sean Swales, and supported with an
external recruitment consultant, to add another Executive Director
and return the board to a total of five Directors.
Corey Beinhaker has been working closely with the Company since
January 2018 when FB Investors LLP acquired a 72.65% holding in the
Company's share capital, initially through Beinhaker Design
Services Limited (a Company of which he is a Director) and latterly
as an employee of Sutton Harbour Group. Section 9, paragraph 2 of
the Recommended Partial Cash Offer (dated 7 December 2017) stated
that Corey Beinhaker would make available property development
expertise to Sutton Harbour Group avoiding the need to contract out
this element of work to third parties and to allow Sutton Harbour
Group to secure a greater share of potentials profits for the
benefit of Sutton Harbour Group shareholders.
Prior to his involvement with Sutton Harbour Group. Corey
Beinhaker worked for IBIB Group Consultants (Israel) Limited from
2010 to 2017 latterly as its chief executive officer where he,
amongst other things, was contract manager for a number of
significant projects including the Tel Aviv Red 10 Line Underground
Station design and the design and technical specification for the
traffic management for the inter-urban network in Israel.
Corey Beinhaker will be the second director appointed by FB
Investors LLP in accordance with the Relationship Agreement entered
into on 23 November 2017 with Sutton Harbour Group. The principal
purpose of the Relationship Agreement is to provide that the
relationship between FB Investors and Sutton Harbour Group is
conducted independently and on an arm's length basis. Philip
Beinhaker, Executive Chairman, is the other Director appointed by
FB Investors LLP.
Corey Beinhaker has no personal holding of shares in Sutton
Harbour Group plc.
Corey Beinhaker is a Director of Beinhaker Design Services
Limited and Future Habitat Limited, both companies registered in
England and Wales and three companies registered in Israel:
Beinhaker Group Planning and Development Limited, B.Z. Binyamina
Limited and Tsuin Derech Limited.
Enquiries
Sutton Harbour Group plc +44 (0) 1752 204186 Philip Beinhaker, Executive Chairman
Natasha Gadsdon, Finance Director
Arden Partners (NOMAD and Broker) +44 (0)20 7614 5917 Paul Shackleton, Ben Cryer
Notes to Editors
Sutton Harbour Group plc (SUH) is an AIM listed company
specialising in marine operations, waterfront regeneration and
destination creation in Plymouth and South West England.
The Company operates Sutton Harbour Marina, King Point Marina
and Plymouth Fisheries. Operational activities include mixed-use
lettings, car parking and support services to harbour users,
property management and regeneration and asset enhancement.
Sutton Harbour Group plc is committed to being the leading
marine and waterfront regeneration specialist in Southern England,
and to positioning Sutton Harbour in Plymouth as a destination of
national interest.
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END
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