Charitable Foundation: Update and Appointments

For immediate release 27 November 2017

CareTech Holdings PLC

("CareTech" or "the Group")

CareTech Charitable Foundation: Update and Key Appointments

CareTech Holdings PLC (AIM:CTH), a pioneering provider of specialist social care services in the UK, is pleased to announce the appointment of a highly experienced interim CEO for the CareTech Charitable Foundation, the first such corporate foundation in the UK care sector.

Jonathan Freeman, the former Managing Director of Mosaic, HRH The Prince of Wales' mentoring charitable initiative, has been appointed as Interim CEO of the Foundation with responsibility for setting the strategic vision and driving forward its partnership network. He is joined by Foundation Manager Sara Smith, who brings with her a wealth of experience from charities including Business in the Community and The Prince's Trust International.

The CareTech Charitable Foundation is an independent charity with ambitious objectives to deliver meaningful impact to communities in need in the UK and overseas.

The Foundation's work will be focused on the following three key objectives:

· the support of disabled people and those with long-term health difficulties, including those with mental health conditions and complex physical and learning disabilities

· skills development for the care sector, particularly for those from deprived and disadvantaged backgrounds to enable them to pursue careers in the care sector

· the support of CareTech service users, employees and their families and the communities in which CareTech operates

The CareTech Charitable Foundation is an independent grant-making corporate foundation registered with the Charity Commission (Charity Number 1173154). With more than 280,000 adults in England aged 18-65 reliant on social care, the CareTech Foundation will play an important role in supporting the care sector and the communities in which it operates.

CareTech's senior executive management are trustees of the Foundation including CareTech's Executive Chairman, Farouq Sheikh, Chief Executive Officer Haroon Sheikh and Group Finance Director Michael Hill. Other trustees include disabilities rights campaigner Mike Adams OBE, a CareTech Non-Executive Director, Akbar Sheikh, Trustee of the Cosaraf Charitable Foundation, and CareTech staff member Jon Plummer. Three external trustees will also be appointed shortly.

Farouq Sheikh, CareTech's Executive Chairman, said:

"CareTech has a long and proud history of providing high quality care. The CareTech Charitable Foundation will serve as a powerful vehicle with which to engage CareTech's people in a unique set of programmes to help some of the most vulnerable people across communities in the UK and overseas.

"We have a very clear objective to deliver meaningful change and we will achieve this through a programme of partnership grant-giving, by supporting CareTech's employees to give something back through volunteering programmes and also launching a match-funding programme for employees' own fundraising activities. Additionally, we will also be supporting CareTech employees' families, and the communities in which CareTech operates, with funding support for those facing significant challenges."

For further information, please contact:

CareTech Holdings PLC 01707 601800

Farouq Sheikh, Executive Chairman

Michael Hill, Group Finance Director

Buchanan (PR Adviser) 020 7466 5000

Mark Court

Sophie Cowles

Stephanie Watson

Panmure Gordon (Nomad and Joint Broker) 020 7886 2500

Freddy Crossley

Peter Steel

Charles Leigh-Pemberton

WH Ireland (Joint Broker) 020 7220 1666

Adrian Hadden

Jessica Cave

Alex Bond

About CareTech

CareTech Holdings plc is a leading provider of specialist social care services, supporting adults and children with a wide range of complex needs in more than 260 specialist services around the UK.

Committed to the highest standards of care and care governance, CareTech provides its innovative care pathways through five divisions covering adult learning disabilities, specialist services, young people residential services, foster care and learning services which come under the two outcome-based sectors of Adult Services and Young People Services. 

CareTech, which was founded in 1993, began trading on the AIM market of the London Stock Exchange in October 2005 under the ticker symbol CTH. Its property portfolio comprises more than 200 properties.

For further information please visit: www.caretech-uk.com

About the CareTech Foundation

Established in 2017, the CareTech Charitable Foundation is an independent grant-making corporate foundation registered with the Charity Commission (Charity Number 1173154). Funded and founded by CareTech Holdings plc, the Foundation has an independent Board of Trustees responsible for delivering its Charitable Objects. The Foundation has ambitious and clear-sighted objectives to deliver meaningful impact to communities in the UK and overseas about which the staff of CareTech and its service users feel proud and strongly engaged, providing a unique contribution to the charitable marketplace consistent with CareTech's values and approach.

For further information please visit www.caretechfoundation.org.uk or on twitter @caretechfdn

For media enquiries concerning the Foundation, please contact please contact Jake Setterfield [email protected] or Dan Stead [email protected] on 0845 4567 251