By Sean Farrell
Date: Friday 20 Jul 2018
LONDON (ShareCast) - (Sharecast News) - Energiser Investments chief executive Dominic White is stepping down to concentrate on running KCR Residential, one of the company's property investments.
White will leave Energiser's board on 1 September to focus on his other role as CEO of KCR. Energiser owns almost 25% of KCR.
AIM-listed Energiser said it would use the coming weeks to ensure a smooth handover and to appoint another independent director. White's departure will leave non-executive chairman Stephen Wicks and executive director Nish Malde on Energiser's board.
Wicks said: "Dominic has raised capital and sourced and negotiated a number of transactions in the serviced apartments, self-storage and property fintech sectors. Since he joined, Energiser sold a portfolio of properties, worked out its development funding contracts, invested in a loan asset in Croydon and invested in KCR Residential REIT. I would like to thank Dominic for his contribution to the company."
KCR raised £3.15m in March, including from Energiser, to buy blocks of rented studios and flats at discounts to their market value.
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Share Price | 3.75p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 9.75 |
52 Week Low | 3.40 |
Volume | 156,470 |
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Market Cap | £4.56m |
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