Origo Partners PLC Directorate Changes (1452V)

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RNS Number : 1452V

Origo Partners PLC

31 October 2017

31 October 2017

Origo Partners plc

("Origo" or the "Company")

Directorate Changes

Origo is pleased to announce the appointment of Mr. Philip Scales and Mr. John Chapman as non-executive directors of the Company with immediate effect.

Mr. Chapman has been appointed as a director of the Company following a nomination by the Company's largest redeemable preference shareholder, Brooks Macdonald Asset Management Limited, pursuant to article 74 of the Company's articles of association.

The Company also announces that Shonaid Jemmett-Page and Lionel de Saint-Exupery have resigned as directors of the Company with immediate effect. As a result, the Board now comprises Philip Scales, Hiroshi Funaki, John Chapman and Niklas Ponnert.

John Chapman is an experienced investment company director with significant experience in managing and advising investment companies in many emerging and developed markets. Mr. Chapman is a member of the New York State Bar and holds the Chartered Financial Analyst (CFA) credential.

Philip Scales has over 38 years' experience working in offshore corporate, trust, and third party administration. For 18 years, he was Managing Director of Barings Isle of Man (subsequently to become Northern Trust) where he specialised in establishing offshore fund structures, latterly in the closed-ended arena (both listed and unlisted entities). Mr. Scales subsequently co-founded IOMA Fund and Investment Management Limited (now named FIM Capital Limited) where he is a Deputy Chairman. He is a Fellow of the Institute of Chartered Secretaries and Administrators and holds a number of directorships of listed companies and collective investment schemes.

The Board would like to thank Shonaid Jemmett-Page and Lionel de Saint-Exupery for their service on behalf of the Company.

The directorships and partnerships currently held by Mr. Chapman and Mr. Scales and over the five years preceding the date of appointment are as follows:

Mr. John David Chapman, aged 61

 
 Current directorships/partnerships     Previous directorships/partnerships 
 Naxs AB                                Black Sea Property 
                                         Fund Ltd 
 Naxs AS                                Hirco plc (1) 
 Ottoman Fund Ltd 
 Osmanli Yapi 1 İn aat 
  Turizm Sanayi ve Ticaret 
  Anonim irketi 
 Osmanli Yapi 2 İn aat 
  Turizm Sanayi ve Ticaret 
  Anonim irketi 
 Mandalina Yapı İn 
  aat Turizm Sanayi ve Ticaret 
  A.S. 
 Eski Büyükdere 
  Cad. No.14 Park Plaza Kat. 
  4 Maslak Sarıyer İstanbul 
 South African Properties 
  plc 
 Trinity Capital plc 
 

1. Mr. Chapman became a director of Hirco plc on 20 May 2011. Following an adverse costs order against Hirco plc, Hirco plc asked the Isle of Man court to appoint a liquidator because Hirco plc did not have sufficient liquidity to continue as a going concern. On 10 October 2016 the Isle of Man court appointed a liquidator and Hirco plc was placed into creditors' voluntary liquidation. Mr. Chapman resigned as a director of Hirco plc on 10 October 2016.

Mr Philip Peter Scales, aged 67

 
Current directorships/partnerships  Previous directorships/partnerships 
A&M Overseas Limited                ACE (Four) Limited 
Argo Distressed Credit Fund         ACE (One) Limited 
 Limited 
Arricano Real Estate plc            ACE (Three) Limited 
Atlal Limited                       ACE (Two) Limited 
Chip (Five) Limited                 ACE Hartlepool Retail 
                                     Limited 
Chip (Four) Limited                 ACE Peterborough Limited 
Chip (Ipswich) One Limited          ACE Reading Limited 
Chip (Ipswich) Two Limited          ACE Winchester Limited 
Chip (One) Limited                  Active Commercial Estates 
                                     plc 
Chip (Seven) Limited                Adams plc 
Chip (Three) Limited                Aggregated Micro Power 
                                     Limited 
Chip (Two) Limited                  Astin CEO IOM 2007 Limited 
Citvitas Services Limited           Bamboo Investments (Isle 
                                     of Man) plc 
ECM Group NV Limited                Billiter Energy Corporation 
Eden Land Opportunity plc           Birmingham Brindleyplace 
 Empiric (Framwellgate Durham)       Capital (General Partner) 
 Leasing Limited                     Limited 
Empiric (Framwellgate Durham)       Birmingham Brindleyplace 
 Limited                             Income (General Partner) 
 Empiric (Glasgow Otago Street)      Limited 
 Leasing Limited 
Empiric (York George Hudson)        BMP Resources plc 
 Leasing Limited 
Empiric (York George Hudson)        Bram Hill Properties 
 Limited                             Ltd 
EPIC Reconstruction Property        Bram Hill SPV Limited 
 Company (IOM) Limited 
EPIC Structured Finance             Chip (Six) Limited (2) 
 Limited 
European Property Investment        Civitas Housing Advisors 
 Portfolio Limited                   Limited 
Faris Limited                       Clean Energy Asia Limited 
FIM Capital Limited                 CORE Education plc 
FIM Nominees Limited                Drewry Limited 
FIM Nominees One Limited            EEA (IOM) Limited 
FIM Nominees Two Limited            EPIC Finance Company 
                                     Limited 
FIM Directors Limited               EPIC Reconstruction Property 
 FIM Secretaries Limited             Company II Limited 
First World Hybrid Real             Etuno S.r.l. 
 Estate plc 
Frontier Commercial Property        Fairdos Limited 
 Fund plc 
Frontier Global Real Estate         Financial Holdings Limited 
 Fund plc 
FWRE Holdings Limited               Florasolar S.r.l. 
Haiser Limited                      Hirco Holdings Limited 
                                     (3) 
FWRE Limited                        Hope Street Properties 
                                     Limited 
Glasgow Otago Lane Limited          IOMA Group Holdings Limited 
Healthcare & Leisure Property       IOMA Group Operations 
 Limited                             Limited 
Industrial Multi Property           IOMA Horizons Limited 
 Trust plc 
IOMA Group Holdings Limited         Isle of Man Assurance 
                                     Limited 
JMS Estates (IOM) Limited           Isle of Man Insurance 
                                     Management Limited 
Marriott Isle of Man Limited        Manxdale Holdings Limited 
Paternoster Limited                 Patollo 
Prime Capital Partners (Property)   Prime Rate Cash Management 
 Limited                             Funds (Isle of Man) plc 
 Qabila 
SEIF (IOM) Limited                  Property Investment Portfolio 
                                     plc 
SEIF Global Limited                 Property Investment Portfolio 
                                     ISA & PEP plc 
SEIF Services Limited               RGP Puglia 1 S.r.l. 
Solar Services Italia S.r.l.        Sardinella Limited 
Solar Energy Italia 1 S.r.l.        Solar Energy Italia 6 
                                     S.r.l. 
Sumaco International Limited        TEP Asia Limited 
Surya plc                           Paternoster Holdings 
                                     Limited 
Tau Capital plc                     TEP Trading 1 Limited 
TEP (Solar Holdings) Limited        TEP Trading 2 Limited 
TEP (Renewables Holding)            Trading Emissions Limited 
 Limited 
The Alchemy Funds (Bermuda)         Treveria Asset Management 
 Ltd                                 Limited 
The Broader European Investment 
 Fund plc 
The Golden Jubilee Trust 
The Spitfire Funds (Bermuda) 
 Ltd 
Trading Emissions (Isle 
 of Man) Limited 
Trading Emissions plc 
VietNam Holding Limited 
 

2. Chip (Six) Limited was put into creditors' voluntary liquidation in May 2012. Mr. Scales resigned as a director of Chip (Six) Limited on 26 April 2012.

3. Hirco Holdings Limited was a subsidiary of Hirco plc. On 10 October 2016, the Isle of Man court appointed a liquidator and Hirco plc was placed into creditors' voluntary liquidation. Hirco Holdings Limited went into members' voluntary liquidation in October 2016. Philp Scales resigned as a director of Hirco Holdings Limited on 26 August 2016.

For further information about Origo please visit www.origoplc.com or contact:

 
Origo Partners plc                [e-mail] 
 Niklas Ponnert 
 Nominated Adviser and Broker 
  Smith & Williamson Corporate 
  Finance Limited 
  Azhic Basirov 
  Ben Jeynes                      [phone] 
 Public Relations 
  Aura Financial 
  Andy Mills                      [phone] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 31, 2017 11:16 ET (15:16 GMT)