South African Property Opps PLC Change of Board (7310N)
May 11 2018 - 2:31AM
UK Regulatory
TIDMSAPO
RNS Number : 7310N
South African Property Opps PLC
11 May 2018
South African Property Opportunities plc
(incorporated and registered in the Isle of Man under the Isle
of Man Companies Act 2006 with registered number 006491V)
('the Company')
Board Changes and Appointment of Broker
Following receipt of written resolutions from shareholders
holding approximately 81 per cent of the issued shares in the
Company, Michael Langoulant and John Treacy have been appointed as
Directors to the Company with immediate effect. In addition, David
Hunter, John Chapman, Craig McMurray and David Saville have all
stepped down from the Board, again with immediate effect.
Mr Langoulant, an Australian resident, is a Chartered Accountant
with over 30 years' experience in public company corporate
administration and fundraising. After 10 years with large
international accounting firms he has acted as chairman, finance
director, CFO, company secretary and non-executive director with a
number of publicly listed companies. In conjunction with serving in
those positions he has managed a corporate secretarial and
accounting services business for almost 25 years. He is currently
Executive Chairman of White Cliff Minerals Limited (ASX:WCN).
Mr Treacy is a London-based experienced small cap financier who
specialises in working with growing companies. He qualified as a
solicitor in the London office of a major international law firm
where he specialised in Capital Markets and Mergers &
Acquisitions. From there he moved to practice corporate finance in
the advisory teams of several prominent UK brokerages where he
acted as an adviser to a number of AIM companies and advised on
numerous IPOs, acquisitions, debt restructurings and placings.
Following the termination of the appointment of the Company's
former nominated adviser ('Nomad') and broker, announced on 2 May
2018, the Company's shares were suspended from trading on AIM
pursuant to AIM Rule 1.
The Board of the Company is pleased to announce that it has
today appointed Peterhouse Corporate Finance Limited as its
Corporate Broker with immediate effect.
Further AIM disclosures relating to Mr Treacy's appointment are
set out below:
Further disclosures on Mr Treacy as required under Schedule Two,
paragraph (g) (i)-(viii) of the AIM Rules for Companies are as
follows. John Michael Treacy (age 36), has held the following
directorships and/or partnerships in the past five years:
Current and Pending Past:
----------------------------- --------------------------
Epsion Capital Limited China Sports Development
Limited
Monreal plc Central Rand Gold Limited
Pineapple Power Corporation
plc
As at the date of this announcement, Mr Treacy does not have any
interest in any ordinary shares of the Company. There is no further
information to be disclosed in relation to Mr Treacy's appointment
pursuant to AIM Rule 17 or paragraph (g) of Schedule Two of the AIM
Rules for Companies.
Further AIM disclosures relating to Mr Langoulant's appointment
are set out below:
Further disclosures on Mr Langoulant as required under Schedule
Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies are as
follows. Michael (Mike) James Langoulant (age 61), has held the
following directorships and/or partnerships in the past five
years:
Current and Pending Past:
--------------------------- --------------------------
LB-Shell PLC Property Connect Holdings
Lanza Holdings Pty Ltd Ltd
Tigerbite Pty Ltd Nyota Minerals Ltd
Dampier Resources Pty KEC Exploration Pty Ltd
Ltd Luiri Gold Ltd
Paradise Holdings Ltd Luiri Gold Australia Pty
OTR Tryes Group Ltd Ltd
Tyre Brokers Group Ltd Lyndhouse Pty Ltd
White Cliff Minerals Ltd
Charge Cobalt Pty Ltd
Northern Drilling Company
Pty Ltd
PB Malaysia Ltd
Venture Exploration Pty
Ltd
Petrus Resources Pty Ltd
Resolute Amansie Ltd
Haulover Investments Ltd
Domo Pty Ltd
Mospey Pty Ltd
Australian Forestry Fund
Pty Ltd
Auminco Mines Ltd
Auminco CoalPty Ltd
Bold Resources Pty Ltd
PB Partners Pty Ltd
As at the date of this announcement, Mr Langoulant does not have
any interest in any ordinary shares of the Company.
Mr Langoulant was a director of Max Resources Ltd from
approximately 1994 to 1997. Although solvent at the time a
Statutory Manager was appointed to the company in 1998. The company
was subsequently liquidated. Although the Statutory Manager made
some negative comments concerning the administration of the company
neither the Statutory Manager nor the liquidator levelled any case
of wrong doing against Mr Langoulant. Further at a subsequent trial
in relation to the company's Australian subsidiary, Robregal
Investment Pty Ltd, the trial judge determined that Mr Langoulant
had no case to answer.
There is no further information to be disclosed in relation to
Mr Langoulant's appointment pursuant to AIM Rule 17 or paragraph
(g) of Schedule Two of the AIM Rules for Companies.
For further information please visit www.saprofund.com or
contact:
South African Property +44 (0) 20 7469
John Treacy Opportunities plc 0930
=============== ======================== ================
Lucy Williams Peterhouse Corporate +44 (0) 20 7469
Heena Karani Finance Limited 0933
=============== ======================== ================
**ENDS**
This information is provided by RNS
The company news service from the London Stock Exchange
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