Result of AGM
June 16 2010 - 10:26AM
UK Regulatory
TIDMATLS
ATLAS ESTATES LIMITED
(Registered in Guernsey - Number 44284)
Registered Office:
Martello Court, Admiral Park, St Peter Port, Guernsey, GY1 3HB
__________________________
TELEPHONE: +44 1481 211000
FACSIMILE: +44 1481 211001
e-mail: fundcosec@intertrustgroup.com
For immediate release 16 June 2010
Results of AGM and Directorate Change
The Company is pleased to announce that all resolutions proposed at its annual
general meeting of shareholders ("AGM") held today were passed, including the
ordinary resolutions to appoint Mark Chasey, Andrew Fox and Guy Indig as
non-executive directors (the "New Directors"), with immediate effect.
The Board announced on 7 June 2010, that Quentin Spicer, Shelagh Mason and
Michael Stockwell had tendered their resignation with effect from the end of
the board meeting to be held immediately after the AGM on 16 June 2010 or at
the next board meeting thereafter at which their resignation is accepted. Their
resignations were formally accepted at the meeting of the Board held following
the AGM today.
At the same meeting, Andrew Fox was appointed to act as Non-executive Chairman
of the Company. The New Directors established an audit committee, comprising
all New Directors, under the chairmanship of Mark Chasey. The New Directors
have also been appointed as members of the Investment Committee.
In light of Mr Indig's existing relationship with the Izaki Group, Mr Indig is
not considered to be an independent Director of the Board.
In accordance with Polish regulation, the Board can confirm than none of the
New Directors have an existing relation which could be considered as a
competitive activity towards the Company.
Pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules, further
information on each of the New Directors is included in the appendix to this
announcement.
Commenting on these developments, the Chairman, Mr Andrew Fox said, "On behalf
of the Board, I would like to thank Mr Quentin Spicer, Ms Shelagh Mason and Mr
Michael Stockwell for their service as directors of the Company and for the
valuable contributions they have made over the years. In particular, I would
like to take this opportunity to thank Mr Spicer for his distinguished service
as Chairman of Atlas Estates Limited. We wish all of them every success in
their future endeavours."
Further information, please contact:
Atlas Management Company Limited
Nahman Tsabar/ Steven Senter Tel: +48 (0) 22 208 0701
Fairfax I.S. PLC
David Floyd / Rachel Rees Tel: +44 (0) 207 598 5368
Intertrust Fund Services (Guernsey) Limited
Andre Le Prevost Tel: +44 (0) 1481 211000
Appendix
Information on New Directors pursuant to Rule 17 and Schedule Two paragraph (g)
of the AIM Rules
Mark Courtney Chasey, aged 53, graduated with a Bachelor of Commerce degree in
1979 and a Bachelor of Accountancy degree in 1981, both from the University of
the Witwatersrand, South Africa. Having completed his articles with the
accounting firm Pim Goldby in Johannesburg, he qualified as a member of the
South African Institute of Chartered Accountants in 1984 and was Financial
Controller at Femco Electric Motors Limited in Johannesburg from 1984 to 1988.
After establishing his own liquidation business in Johannesburg in 1989, Mr
Chasey joined Ernst and Young Trust Company (Jersey) Limited in 1997 and then,
in 1999, went on to establish Oak Trust (Guernsey) Limited.
Mr Chasey is currently a director of the following companies:
Ace Finance INC
ATW Limited
Advanced Consultancy Team Limited
Advanced Hair Studios Europe Limited
Agapanthus Limited
Baden Consulting Limited
Crystal Ball Properties 0014 (PTY) Limited
Emerald controls Limited
Euro Turbines Co. Limited
Flower Power Limited
Foxyard Investments Limited
Global Process Automation Limited
Henley Investments 101 Limited
Henley Investments 102 Limited
Henley Investments 103 Limited
Henley Investments 104 Limited
Holzmann Logistical Services Limited
Imbrit Limited
Inspiration Properties Limited
Jepbar Trading Inc
Kanin Investments Limited
Kingsway Music Corporation
Liddell Linens Limited
Loxbeare Limited
M&D Real Estate Limited
Mainrig Limited
Mariner Limited
Merlin Biosciences Limited
Minard Limited
Munchkin Limited
Newport RE Limited
Northlew Investments Limited
Oak Nominees Limited
Oak Secretaries Limited
Oak Directors Limited
Oak (Malta) Limited
Oak Trust (Guernsey) Limited
Ogmore Properties Limited
Primavera Property Limited
Rowsell Holdings Limited
Rufous Limited
Spiritage International (Mauritius) Limited
Topaz Enterprises Limited
Trident International Services Limited
Underwriting Software Solutions Limited
Venice Holdings Limited
Westport Investments Limited
Wilmslow Property Holdings Limited
Within the last five years Mr Chasey has been a director of the following
companies:
Abbey 147 Limited
Abbey 148 Limited
Abbey 150 Limited
Africon Trading Enterprises Limited
Akkerboom Properties Limited
Automotive Innovations Limited
Banterre Limited
Beach Front Selections Limited
Chalumna Holdings Limited
Elk Holdings Limited
Europa Communications and Marketing Limited
Farragon Investments Limited
Ferdelum Limited
Finquest Corporation (Panama)
First (Guernsey) Limited
Fish Eagle Management Inc.
Five Continents Holdings Limited
Fleetpro International Limited
Flint Holdings Limited
FMI Holdings (Guernsey) Limited
FMT Technologies Limited
Foley International Holdings Limited
FTI International Limited
GIPS Limited
Glamis Investment Holdings Limited
Global Investment Planning Services Limited
Global PI Limited
Grange Investments Limited
The Great Blue Limited
Grimes Associates Ltd
Hale Investment Holdings Limited
Heritage Africa Limited
Hibern Trading Limited
Hide Trade Limited
Holzmann International Limited
Hotten Limited
Howley Limited
I.D. Solutions Limited
Informed Management Environment Limited
Interfleur BV Limited
International Petroleum Services Limited
IMR Agencies
Jacinta Holdings Limited
Judogi Limited
Kamida Trading Limited
Lauzin Holdings Limited
Lamont Investment Holdings Limited
Linzee Investments Limited
Londel Limited
M & D Real Estate Limited
Marcelline Trading Limited
Mars International Limited
Massey Holdings Limited
Maze Limited
M-Comm Holdings (Guernsey) Limited
Medical Ventures Limited
Medi Science Consultants Limited
Menorah Communications Limited
Myerconsult Limited
Neath Limited
No. 85 Imperial Wharf Limited
Nohan Limited
Northborough Enterprises Limited
Northern Fruit Limited
Oak Nominees Limited
Oak Secretaries Limited
Oakmore Investment Holdings Limited
Orange Blossom Development Limited
Orange Property Development Limited
Pelham House Limited
Pentahedron Holdings Limited
Perrier Holdings Limited
Peterborough Limited
PR International Limited
Purple Property Holdings Limited
Quali Dent Prop Limited
Quintec Investments Limited
Raeworld Limited
Relief Logistics Limited
RFE Global (Guernsey) Limited
Rhodium Holdings Limited
Romer Investments Limited
Roth Fairchild Equity Limited
Roundwood Investments Limited
S Limited
Seeker Investments Limited
Sistelle Limited
Sports Management Associates Limited
Starview Services UK Limited
Stockford Limited
Strategic Consolidated Investments Limited
Sun Global Limited
Synapp International Limited
Talic Limited
Tatum Development Limited
Tokai Management Limited
Topquip International Limited
Tropicante Fuels (Pvt) LTD
Tulie International Investments Limited
Unique Cables Limited
Viburnum Holdings Limited
Virtual Management Group Limited
Watkin Limited
Wereld Wijede Agentschappen NV
Wilson Holdings Limited
Woodingdean Limtied
Zucchero Limited
Zuckero International Investments Limited
Andrew Harvey Fox, aged 31, graduated with a Bachelor of Commerce degree in
1999 and a Post Graduate Diploma in Finance, Banking and Investment Management
in 2000, both from the University of Natal, South Africa. He qualified as a
member of the Association of Chartered Certified Accountants in 2003 and was
admitted as a Fellow in 2009. Mr Fox joined Oak Trust (Guernsey) Limited in
2001 and was appointed a Director in 2006.
Mr Fox is currently a director of the following companies:
Ace Finance Inc
Agapanthus Limited
Advanced Consultancy Team Limited
ATW Limited
Emerald Controls Limited
Euro Turbines Co. Limited
Flower Power Limited
Foxyard Investments Limited
Galaxy Aviation Management Limited
Henley Investments 101 Limited
Henley Investments 102 Limited
Henley Investments 103 Limited
Henley Investments 104 Limited
Holzmann Logistical Services Limited
Imbrit Limited
Inspiration Properties Limited
Jepbar Trading Inc
Kanin Investments Limited
Kingsway Music Corporation
LA Holdings Limited
Liddell Linens Limited
Loxbeare Limited
Mainrig Limited
Mariner Limited
Merlin Biosciences Limited
Minard Limited
M&D Real Estate Limited
Northlew Investments Limited
Oak Directors Limited
Oak (Malta) Limited
Oak Nominees Limited
Oak Securities Limited
Oak Trust (Guernsey) Limited
Primavera Property Limited
Ross Breeders Africa Limited
Rowsell Holdings Limited
Rufous Limited
Spiritage International (Mauritius) Limited
Topaz Enterprises Limited
Venice Holdings Limited
Westport Investments Limited
Wilmslow Property Holdings Limited
Young Designers Limited
Within the last five years Mr Fox has been a director of the following
companies:
Atlas Management Company Limited
M&D Real Estate Limited
Oak Holdings Limited
Wereld Wijde Agentschappen NV
Guy Indig, aged 37, graduated from Bar-Ilan University, Israel, with an LLB in
1990. In 2001 he obtained an MBA from Tel-Aviv University. He also holds a
Masters in Finance from the London Business School. Having practiced law for
several years, in 2000 Mr Indig joined the Beny Steinmetz Group, a sizeable,
global private equity group focused on real estate investments and natural
resources. Mr Indig acted as an Investment Director in BSG's international Real
Estate and Private Equity teams. Having completed a Masters in Finance degree
at London Business School in 2005, Mr Indig joined the Royal Bank of Scotland
and worked as a director in RBS' real estate finance division until 2008,
focussing on asset-backed debt financing and investments throughout continental
Europe and the UK. In 2008, Mr Indig was asked to join the Izaki Group as a
Managing Director and he has since been leading the Izaki Group's European Real
Estate and private equity investment activities.
Mr Indig is currently a director of the following companies:
Forest Healthcare Limited
BCRE-Izaki BV.
There are no other matters required under paragraph (g) of Schedule 2 of the
AIM Rules to be announced.
END
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