Aisi Realty Public (AISI) - Directorate Change RNS Number : 4268L Aisi Realty Public Limited 04 September 2012 04 September 2012 Aisi Realty Public Limited (the "Company" or "Secure Property Development & Investment Limited") RESIGNATION OF DIRECTOR Secure Property Development & Investment Limited, formerly Aisi Realty Public Limited*, a South Eastern European focused property and investment company, today announces the resignation from the Board of Directors of Besik Sikharulidze. Mr. Sikharulidze had been a representative of Aisi Realty Capital LLC, the previous and third party external manager of Aisi Realty Public, which managed the Company until August 2011. Mr. Sikharulidze stayed on as Managing Director of Ukraine and as a member of the Board to ensure a smooth transition was achieved. - Ends - Enquiries: Secure Property Development & Investment Ltd (formerly + 380 44 459 3000 Aisi Realty Public Ltd) Lambros Anagnostopoulos Liberum Capital Limited (NOMAD and Broker) +44 (0)20 3100 2222 Chris Bowman / Richard Bootle FTI Consulting +44 (0)20 7831 3113 Richard Sunderland / Will Henderson *Subject to shareholder approval at the next Annual General Meeting Notes to Editors About Secure Property Development and Investment Limited Secure Property Development and Investment Limited ("SPDI") is a South Eastern European focused property company incorporated in Cyprus. The Company's portfolio comprises the Terminal Brovary logistics park in Kiev (Gross Leasable Area of circa 50,000 sqm), and four development projects at different stages of progression, which have a combined value of €33 m. Established in 2005, SPDI employs a team of 15 experienced professionals operating across three countries. In August 2011, following a transaction with Narrowpeak Consultants Ltd a new internalised management team was introduced to settle the Company's liabilities and create and execute a strategy for growth. SPDI's shares are publicly traded on the AIM market of the London Stock Exchange (AIM:AISI). About South East Continent Unique Real Estate Management (SECURE) South East Continent Unique Real Estate (SECURE) Management ("SECURE") is a private equity platform that manages property investment and development vehicles in South East Europe. SECURE Investments I and II, have invested in residential and mixed-use developments totalling circa 300,000 sqm in Bulgaria, Romania and Serbia. SECURE is domiciled in the European Union with offices in Cyprus and Romania and has an active presence in Bulgaria and Ukraine. With €250m worth of Assets Under Management (AUM) SECURE employs a team of 16 full time professionals, working across five countries, with a wealth of international experience and a strong track record in the real estate development, investment and finance sectors. SECURE was established in 2007 and, through a conservative and risk management focused approach, has managed to steer its clients through the difficult global economic crisis whilst continuing to add value, having even achieved an increase in the Net Asset Value for its Investment Vehicles since inception. This information is provided by RNS The company news service from the London Stock Exchange END BOAGRGDCDGGBGDS -0- Sep/04/2012 07:05 GMT
Aisi Realty Public AISI Directorate Change
Press spacebar to pause and continue. Press esc to stop.