OPF Off-Plan Fd

    RNS Number : 9082H
  Off-Plan Fund Limited (The)
  11 November 2008
   

               For immediate release                                                                                                        
                     11 November 2008

    The Off-plan Fund Limited

    Board Change
    AIM rule 17 disclosure

    The Board of The Off-plan Fund Limited (the "Fund") announces that Joni Cline has informed the Board that she is resigning as a director
in order to make herself available to pursue other opportunities. Ms Cline has acted as the Board representative nominated by Concensus
Business Group ("CBG") since December 2007.  CBG was offered the opportunity to nominate a director to the Fund's board in April 2007 in
connection with its role as investment adviser to Elsina Limited ("Elsina"). Elsina is ultimately owned by Investec Trust (Guernsey)
Limited, as trustees for the Tchenguiz Family Trust. As far as the Company is aware, Elsina is interested in 20.25% of the Fund's share
capital. CBG has indicated that it does not wish to appoint a replacement.

    In addition the Board announces, pursuant to Rule 17 and Schedule 2 paragraph (g) of the AIM Rules, that Graham Berry (Chairman and
director of the Fund) has informed the Board that Keren Homes Birmingham Limited, a property development company of which he is a director,
has recently been placed in administration by Bank of Ireland, its main lending bank on a development project in Birmingham. KPMG are acting
as administrators.  Mr Berry has the continued support of his fellow directors who welcome his valued contribution to all Board matters. 

    Contacts

    Development Capital Management 

    Roger Hornett
    Andrew Gardiner
    020 7355 7600

    Numis Securities

    Nick Westlake (Nomad)
    Charles Farquhar
    020 7776 1500



This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
BOAFKDKQDBDDKDD

Off-plan Fund (LSE:OPF)
Historical Stock Chart
From Jun 2024 to Jul 2024

Off-plan Fund (LSE:OPF)
Historical Stock Chart
From Jul 2023 to Jul 2024