Board Changes

BELVOIR!
             

BELVOIR GROUP PLC

(the "Company", or "Belvoir" or the "Group")

 Board Changes

Belvoir Group PLC (AIM: BLV), a leading UK property franchise and financial services group, announces that Michelle Brook has today been appointed to the Board of Belvoir as Financial Services Director. 

Michelle has over 25 years' experience in managing financial services, including as a Regional Sales Director for Mortgage Advice Bureau until leaving to set up Brook Financial Services Ltd in 2010, which she ran until 2017 when it was acquired by Belvoir. Since then, Michelle has been the Managing Director of Brook Financial Services within the Belvoir Group. This appointment underlines the increasing importance of the financial services division to the Group's growth strategy.

Also with effect from today, Mark Newton, founder of Newton Fallowell Limited and Executive Director of the Belvoir Group, is retiring and will become a Non-Executive Director of the Group.

The Board is looking to appoint a further Independent Non-executive Director in due course.

Dorian Gonsalves, CEO of Belvoir Group, commented:

"I am delighted to welcome Michelle to the Board of Belvoir. Michelle has been instrumental in the successful and profitable growth of Belvoir's financial services division over the last four years and brings a significant amount of experience to the senior management team.  Michelle will play a crucial role as we continue to expand our financial services offering following the exceptionally strong sales market of the last year.

"On behalf of the whole Board, I would like to thank Mark Newton for his contribution to the strategic growth of the Group over the past six years.  Many of our recent corporate acquisitions have stemmed from Mark's strong relationships within the sector.  I am delighted that Mark has decided to remain with Belvoir as a Non-Executive Director and that we will continue to benefit from his considerable expertise both in estate agency and financial services."

 Enquiries:

The following information regarding the appointment of Michelle Jane Brook (née Wood), aged 54, is disclosed under Schedule 2(g) of the AIM Rules for Companies.

As at the date of this announcement, Michelle Brook holds 475,162 ordinary shares in the Company and options over 9,527 ordinary shares.

About Belvoir Group PLC

Founded in 1995 and listed on AIM in 2012 (BLV.L), Belvoir operates a nationwide property franchise Group with 467 offices across six brands specialising in residential lettings, property management, residential sales and property-related financial services. With its Central Office in Grantham, Lincolnshire, the Group manages 71,600 properties and reported record revenues of £21.7m in 2020 marking Belvoir's 24^th year of unbroken profit growth.