ATLS Atlas Est.

 

TIDMATLS 
 
RNS Number : 1922N 
Atlas Estates Ltd 
07 June 2010 
 

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 
                                           7 June 2010 
                          Proposed directorate change 
 
On 27 May 2010 Atlas Estates Limited (the "Company") announced to shareholders 
the publication of a revised Notice and Proxy in relation to the AGM scheduled 
to take place at the Company's registered office on 16 June 2010 at 10.30 a.m. 
 
The agenda for the forthcoming AGM, as set out in the revised Notice, includes 
the consideration of separate ordinary resolutions for the appointment of Mark 
Chasey, Andrew Fox and Guy Indig (the "New Directors"), such resolutions having 
been proposed following a request received from Fragiolig Holdings Limited 
("Fragiolig"), a subsidiary of the Izaki Group and a major shareholder in the 
Company.  As announced previously, Fragiolig has made a cash offer for the 
entire issued and to be issued ordinary share capital of the Company not already 
owned by it or by persons acting in concert with it (the "Offer").  Fragiolig 
announced on 19 May 2010, that it (together with parties acting in concert with 
it) owns or has received acceptances in respect of 62.9 per cent. of the issued 
share capital of the Company. 
 
The Board announces today that, in the event of the appointment of any of the 
New Directors at the AGM, all three existing Directors have agreed to resign 
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. 
 
The biographies of Mark Chasey, Andrew Fox and Guy Indig are set out in the 
appendix to this announcement. 
 
                                    - end - 
 
Further information, please contact: 
 
Atlas Management Company Limited                               Tel +44 (0) 207 
245 8672 
Nahman Tsabar/ Michael Williamson 
 
Fairfax I.S. PLC                                                             Tel 
+44 (0) 207 598 5368 
David Floyd / Rachel Rees 
 
Intertrust Fund Services (Guernsey) Limited                     Tel +44 (0) 1481 
211000 
Andre Le Prevost 
 
APPENDIX - BIOGRAPHIES OF THE THREE CANDIDATES 
Mark Courtney Chasey 
Mark Chasey 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 Courtney joined Ernst and Young 
Trust Company (Jersey) Limited in 1997 and then, in 1999, went on to establish 
Oak Trust (Guernsey) Limited. 
 
Andrew Harvey Fox 
Andrew Fox 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. 
 
Guy Indig 
Mr Indig 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.. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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