Dolphin Capital Investors Limited Directorate Change (6817Q)
March 01 2016 - 9:34AM
UK Regulatory
TIDMDCI
RNS Number : 6817Q
Dolphin Capital Investors Limited
01 March 2016
1 March 2016
DOLPHIN CAPITAL INVESTORS LIMITED
("Dolphin" or the "Company")
Board Changes
Dolphin, a leading investor in high-end residential resorts in
the Eastern Mediterranean, Caribbean and Central America, listed on
the London Stock Exchange AIM Market, announces that Laurence
Geller has resigned from the Board. Andrew Coppel, currently Senior
Independent Director, has been appointed as the Independent
Non-Executive Chairman with immediate effect.
Laurence Geller will no longer retain an interest in the stock
options issued pursuant to the Company's Stock Option Programme
further detailed in the announcement dated 3 June 2015. To maintain
his independence, Andrew Coppel will not participate in the Stock
Option Programme.
Andrew Coppel commented:
"On behalf of the Board, I would like to thank Laurence for the
significant contribution he has made over the past year. We wish
him continued success with his other business interests."
For further information, please contact:
Dolphin Capital Investors
Andrew Coppel +44 (0) 7785 577 023
Dolphin Capital Partners miltos@dolphincp.com
Miltos E. Kambourides
Panmure Gordon
(Broker)
Richard Gray / Dominic Morley / Andrew Potts +44 (0) 20 7886 2500
Grant Thornton UK LLP
(Nominated Adviser)
Philip Secrett +44 (0) 20 7383 5100
FTI Consulting, London +44 (0)20 3727 1000
Richard Sunderland / Claire Turvey dolphincapital@fticonsulting.com
Notes to Editors
Dolphin (www.dolphinci.com) is a leading global investor and
developer of residential resorts in emerging markets.
Dolphin seeks to generate strong capital growth and cash returns
for its shareholders through the development of sophisticated
leisure-integrated residential resorts in partnership with some of
the world's most recognised architects, golf course designers and
hotel operators, and through the orderly disposal of its Non-Core
Assets.
Dolphin's portfolio is currently spread over approximately 57
million m(2) of prime coastal developable land in Greece, Cyprus,
Croatia, Turkey, the Dominican Republic and Panama and a 49.8%
strategic shareholding in Aristo Developers Ltd, the largest
developer and private land owner in Cyprus.
In June 2015, the Company adopted a refocused strategy and the
Company's investments are now categorised as five Core Projects to
be developed over time and 10 Non-Core Assets to be realised as
part of an orderly monetisation process. The Core Projects are the
Company's existing developments known as Amanzoe, Kilada Hills and
the Kea Resort (all in Greece), Playa Grande Club & Reserve
(Dominican Republic) and Pearl Island (Panama), and represent the
most mature and advanced developments of the Company.
Dolphin is managed by Dolphin Capital Partners, an independent
real estate private equity firm.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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March 01, 2016 10:34 ET (15:34 GMT)