18th Jan 2007 07:01
Lok'n Store Group PLC18 January 2007 18th January 2007 Lok'nStore Group plc New Directors Lok'nStore Group plc, the rapidly expanding self-storage Company, is pleased toannounce that Edward Luker and Charles Peal have joined the Board asNon-Executive Directors. Edward Luker, (57) is a well known figure in the UK property industry, havingworked for CB Richard Ellis for 33 years, where Edward has been a Director andPartner for 20 years. In 1997-8 Edward was Chairman of the Investment PropertyForum, the industry body, and has acted for a number of pension funds in thecreation of property investment funds. Edward is a Fellow of the RoyalInstitute of Chartered Surveyors and is currently the discretionary portfoliomanager of one of the UK's largest public sector pension funds investing inproperty. Commenting on his appointment, Edward said: "Lok'n Store is a fast-growing company with a strong market position.Self-storage is a growth area of the property industry which has the potentialto become a major asset class. This is an exciting opportunity and I am lookingforward to helping Lok'nStore's capable executive team." Charles Peal (52) started his career in 1977 at 3i Group, the leading UK quotedventure capital company. He was the Chief Executive of Legal and GeneralVentures from 1988 to 2000 and was a director of various quoted private equityinvestment trusts and management buyouts. He is currently a director ofWarnborough Asset Management, an independent fund management business, and otherprivate equity investments. Commenting on his appointment, Charles said: "The opportunities for investors in Lok'nStore are very compelling and I lookforward to working with this dynamic operation to capitalise on this attractivemarket." Commenting on the appointments, Simon Thomas, Chairman of Lok'nStore said: "Edward and Charles bring a raft of valuable experience in property and financeto our Board. With LoknStore's strong operational model this will be a powerfulcombination. Edward's depth of property experience and contacts will greatlycontribute to our site acquisition programme and portfolio management. Charles'financial skills will complement this, and further help us to get full valuefrom Lok'nStore's proven ability to grow assets and cash-flow." Edward Luker Directorships in the past 5 years Shareholding on taking up position 13,800Current Directorships/Partnerships Past Directorships/PartnershipsCB Richard Ellis, Partner & Executive Director Grantchester Holdings Plc, Director1986 - Present 2000 - 2002 Charles Peal Directorships in the past 5 years Shareholding on taking up position 50,000Current Directorships/Partnerships Past Directorships/PartnershipsWarnborough Asset Management Limited, JZ Equity Partners PLC, DirectorCEO 2001 - 20052000 - Present ARISTA Tubes Limited, Chairman 1998 - 2004 Save for the information disclosed above there is no other information to bedisclosed under schedule two, paragraph (g) of the AIM rules. For further information: Andrew Jacobs, Chief Executive, Lok'nStore Group plc 01252 521 010Ray Davies, Finance Director, Lok'nStore Group plc 01252 521 010Jonathon Brill/Billy Clegg/Edward Westropp, Financial Dynamics 020 7269 7157Rupert Krefting, Paul Gray, Investec 020 7597 5000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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