The Local Shopping REIT plc announced that its director, Steven Faber, has resigned his directorship and has stepped down from the Board. Mr. Faber, who is an employee of the company's investment advisor, INTERNOS Global Investors Limited, has served as a director of the company since INTERNOS assumed its role with the company in July 2013. Jonathan Short, the Executive Chairman of INTERNOS, will be directly responsible to the Company's directors for the performance by INTERNOS of its investment advisory role.

INTERNOS Portfolio Manager Rupert Wallman will hold management responsibility for the Company's day-to-day activities, reporting to Mr. Short.