Appointment of CFO
September 27 2010 - 2:12AM
UK Regulatory
TIDMABL
RNS Number : 3294T
Ablon Group Limited
27 September 2010
("ABLON" or "the Company")
Appointment of CFO
ABLON Group Limited, a leading real estate owner and developer in Central and
Eastern Europe, announces that Ofer Barash has been appointed as Group Chief
Financial Officer and will assume his new role with immediate effect.
Ofer has held both CEO and CFO positions at a number of publicly listed
organisations across multiple sectors, including real estate. Ofer was
previously CEO of Mei-Ziona, a water infrastructure company; CFO of Aspen Group
Ltd., a real estate group listed on the Tel Aviv Stock Exchange; and CFO of
Offis Textile Ltd., an industrial textile company also listed on the Tel Aviv
Stock Exchange.
Ofer (51) is a qualified accountant (CPA) and holds a B.A. Degree in Accounting
and Economics as well as an M.A. Degree in Law from Bar-Ilan University, Israel.
Ofer speaks both Hebrew and English.
Ofer succeeds Daniel Avidan who is departing as Chief Financial Officer of ABLON
to pursue other business interests.
Uri Heller, Chief Executive of ABLON, commented:
"We are pleased to welcome Ofer to the team. Ofer has significant board level
management experience which will further strengthen our management team and his
real estate experience will prove valuable as we continue to grow and develop
our business. I would also like to thank Daniel Avidan for his much valued
contribution as CFO of ABLON and we wish him the very best for the future."
Mr. Ofer has not been appointed to the Board of ABLON and therefore no further
disclosures are required for the purposes of the AIM Rules.
For further information, please contact:
ABLON Group Limited
Uri Heller / Adrienn Lovro
Tel. +36 1 225 6600
Religare Capital Markets
James Pinner / Derek Crowhurst (Nominated Adviser)
Daniel Briggs (Joint Corporate Broker)
Tel. +44 (0)20 7444 0500
ING Wholesale Banking
(Joint Corporate Broker)
Nathalie Bachich de Recina / Julie Wakkie
Tel. +44 (0)20 7767 8362
Buchanan Communications
(Financial PR)
Tim Thompson / Richard Darby / Christian Goodbody / George Prassas
Tel. +44 (0)20 7466 5000
About ABLON Group Limited
Founded in 1993 in Budapest (Hungary), ABLON and its subsidiaries (together the
"ABLON Group" or the "Group") has properties at 34 locations, of which there are
16 completed projects and 24 development projects in Budapest, Prague,
Bucharest, Warsaw and Gdansk. Its portfolio comprises a diversified mix of
office, residential, retail, logistics and hotel developments valued at EUR527
million by external independent appraisers (GVA and King Sturge), as at 30 June
2010. ABLON has, as at 30 June 2010, 195,790 square metres of existing and
income generating office, hotel and retail assets (at 13 locations) in Budapest
and Prague, with a significant development land bank comprising a further
1,273,230 square metres (at 24 locations) in Budapest, Prague, Bucharest, Warsaw
and Gdansk. ABLON's shares are traded on the AIM market of the London Stock
Exchange under the ticker 'ABL'.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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