BUZZ-Australia's Lifestyle Communities slips on MD retirement announcement

Reuters

2024/10/14

** Shares of Lifestyle Communities fall as much as 6.9% to A$8.750, their lowest level since Oct 8

** Real estate developer says co-founder and managing director James Kelly to retire

** Co says it has commenced process to appoint new CEO

** Adds David Blight to assume role of executive chairman from January 1, 2025 until new CEO commences

** Stock has fallen ~48% this year as of last close

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))

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