CityFibre Infrastructure appoints Spencer Lake to its Board as Non-Executive Director

– UK, London – CityFibre Infrastructure Holdings Plc (AIM:CITY), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, announces that Leo Van Doorne has stepped down from the Board as Non-Executive Director of the Company with effect from 20 September 2017.

The Board is pleased to announce the appointment of Spencer Lake as a Non-Executive Director of the Company with immediate effect. Mr. Lake will also be appointed as a member of the Company’s Audit Committee.

Mr. Lake has built a 29-year career in investment banking, most recently as Vice Chairman of HSBC Global Banking & Markets, a role he held until 2016. During his decade-long tenure with HSBC, Spencer held several global senior roles in areas such as running Debt Capital Markets and Acquisition Finance for four years; Global Markets (including FICC, equities and research) for three years; and Capital Financing (structured and unstructured lending, financing and investment banking products) for three years. Prior to HSBC, Spencer spent 17 years at Merrill Lynch in senior roles spanning real estate finance, investment banking, and debt capital markets in New York, Hong Kong and London. Before Merrill Lynch, Spencer worked for two years at JP Morgan in real estate investment banking.

Earlier this year, Spencer was appointed as Vice Chairman of Fenergo, a client lifecycle management software provider for financial services companies.

Spencer is also a senior advisor to nCino (cloud-based bank operating system), Callsign (AI-based identity authentication), Astuta (data management), and the International Capital Market Association (ICMA).

Greg Mesch, CEO of CityFibre, commented: “The Directors and I wish to thank Leo Van Doorne for his very significant contribution to CityFibre’s development since its formation. As one of the founding investors in CityFibre and a Non-Executive Director through its entire life to date, Leo has brought a wealth of experience in international finance and investment across a variety of sectors, which has been invaluable to our development. We wish him well in his many current and future business endeavours.

“We would also like to extend a warm welcome to Spencer Lake as a Non-Executive Director of CityFibre. Spencer brings to the Board three decades of international experience in finance, investment banking and capital markets, having held senior management roles at some of the world’s leading financial institutions across diverse sectors, products and geographies. We look forward to leveraging his vast experience in the next stages of our growth and capital structure development.”

About CityFibre

CityFibre is the national builder of Gigabit Cities, as the UK’s largest alternative provider of wholesale fibre network infrastructure. It has major metro duct and fibre footprints in 42 cities across the UK and a national long distance network that connects these cities to major data-centres across the UK and to key peering points in London.

The company has an extensive customer base spanning service integrators, enterprise and consumer service providers and mobile operators. Providing a portfolio of active and dark fibre services, CityFibre’s networks address 44,000 public sites, 7,300 mobile masts, 349,000 businesses and over 4 million homes.

CityFibre is based in London, United Kingdom, and its shares trade on the AIM Market of the London Stock Exchange (AIM: CITY).

For more information : http://www.cityfibre.com

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