23rd Nov 2005 11:37
Terrace Hill Group PLC23 November 2005 TERRACE HILL GROUP PLC ("Terrace Hill") Directorate Change Terrace Hill, the AIM traded property group, announces that Christopher R LPhillips on 23 November 2005 stepped down from his position of non-executivedirector in order to pursue his other interests. The board would like to thankhim for his past service and guidance. * * ENDS * * For further information please contact: Philip Leech, Terrace Hill Managing Director Tel: 01642 243 444Alasdair Robinson, Noble & Company Limited Tel: 0131 225 9677Isabel Crossley, St Brides Media & Finance Ltd Tel: 020 7242 4477 Notes to editors: Terrace Hill Group PLC is an AIM traded Property Group with NAV £74 million. Ithas two divisions, Commercial Development throughout the UK and ResidentialInvestment and Development in Scotland and the North of England, with adevelopment programme of some £650 million. Terrace Hill reported an increaseof over 25% in both NAV and pro-forma Triple NAV to 38.12p per share and 39.99prespectively in the year to 31 October 2004, and an increase in final dividendfrom 0.15p per share to 0.50p per share. Further increases to 39.66p per shareand 44.02p per share respectively together with an interim dividend of 0.5p pershare (previous interim 0.3p) were announced with the Group's half yearly reportto 30 April 2005. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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