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Changes to the Board of Directors
Stor-Age Property REIT Limited
Incorporated in the Republic of South Africa
Registration number 2015/168454/06
Share Code: SSS ISIN ZAE000208963
Approved as a REIT by the JSE
(“Stor-Age” or “the Company”)
CHANGES TO THE BOARD OF DIRECTORS
Shareholders are advised that Paul Theodosiou has taken the decision to retire from the board and
accordingly step down as chairman, with effect from the close of business on Tuesday, 31 December
2019.
Paul is currently chairman of the investment committee, while also serving as a member of the
remuneration, as well as audit and risk committees.
Graham Blackshaw, currently a non-executive director and having served on the board since the
Company’s listing in November 2015, will assume the position of chairman with effect from Thursday,
2 January 2020.
John Chapman, currently an executive director of Rabie Property Group (Pty) Limited, will join the board
as lead independent non-executive director with effect from Thursday, 2 January 2020.
John holds a Bachelor of Science degree (Construction Management), obtained from the University of
Cape Town in 1983. After university, John spent three years with Murray and Roberts Cape as a Project
Engineer, before joining the Rabie Property Group, where he has been for thirty two years.
Changes to the composition and roles on the Board sub-committees will be the subject of a separate
announcement.
Gavin Lucas, Chief Executive Officer commented:
“The board would like to thank Paul for his significant contribution, guidance and stewardship of Stor-
Age over the past four years. Paul played an important role in overseeing Stor-Age’s successful listing
in November 2015 and its subsequent growth, including our successful entry into the UK self storage
market in November 2017. As Paul steps down from the board and retires from direct involvement in
the South African listed property sector after almost two decades, we wish Paul all the very best for his
future.
We are pleased to welcome John Chapman onto the board, and believe that with his extensive
experience, he will add significant value, particularly on the commercial property front.
Graham Blackshaw will be an excellent successor and brings a deep knowledge of the self storage
sector in South Africa and of Stor-Age, allowing for a seamless transition. His extensive experience and
commercial knowledge will be invaluable to Stor-Age as we drive the business forward through our next
phase of growth. I look forward to working closely with him.”
Graham Blackshaw, Chairman designate commented:
“Self storage is a significant growth sector globally and Stor-Age is a true market-leader. I am delighted
to continue my journey with the Company as chairman in the new year, playing a key role in the next
phase of its exciting growth. I look forward to working with the board and the executives to capitalise on
future opportunities.”
Claremont
5 December 2019
Sponsor
Questco Corporate Advisory (Pty) Ltd
Date: 05-12-2019 03:02:00
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