The ALE Property Group appoint new non-executive director

Company News

by Rachael Jones

The ALE Property Group (ASX:LEP) have appointed Bernard Stanton as a non-executive director with effect from today.

Bernard is to be appointed as a nominee director of ALE’s largest securityholder, Caledonia (Private) Investments.

ALE has entered into a Nominee Director Protocol, this helps management of any issues relating to conflicts of interest and confidential information.

The appointment of Bernard, being a second Caledonia nominee director, will bring Caledonia’s representation on the ALE Board to 28 per cent which is below their current beneficial ownership in ALE of approximately 34 per cent.

Shares in ALE Property Group (ASX:LEP)  are trading flat at $5.32.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.