Appointment of CFO

 

TIDMABL 
 
RNS Number : 3294T 
Ablon Group Limited 
27 September 2010 
 

 
 
 
 
("ABLON" or "the Company") 
 
Appointment of CFO 
 
ABLON Group Limited, a leading real estate owner and developer in Central and 
Eastern Europe, announces that Ofer Barash has been appointed as Group Chief 
Financial Officer and will assume his new role with immediate effect. 
 
Ofer has held both CEO and CFO positions at a number of publicly listed 
organisations across multiple sectors, including real estate.  Ofer was 
previously CEO of Mei-Ziona, a water infrastructure company; CFO of Aspen Group 
Ltd., a real estate group listed on the Tel Aviv Stock Exchange; and CFO of 
Offis Textile Ltd., an industrial textile company also listed on the Tel Aviv 
Stock Exchange. 
 
Ofer (51) is a qualified accountant (CPA) and holds a B.A. Degree in Accounting 
and Economics as well as an M.A. Degree in Law from Bar-Ilan University, Israel. 
 Ofer speaks both Hebrew and English. 
 
Ofer succeeds Daniel Avidan who is departing as Chief Financial Officer of ABLON 
to pursue other business interests. 
 
Uri Heller, Chief Executive of ABLON, commented: 
 
"We are pleased to welcome Ofer to the team.  Ofer has significant board level 
management experience which will further strengthen our management team and his 
real estate experience will prove valuable as we continue to grow and develop 
our business.  I would also like to thank Daniel Avidan for his much valued 
contribution as CFO of ABLON and we wish him the very best for the future." 
 
Mr. Ofer has not been appointed to the Board of ABLON and therefore no further 
disclosures are required for the purposes of the AIM Rules. 
 
For further information, please contact: 
 
ABLON Group Limited 
 Uri Heller / Adrienn Lovro 
Tel. [phone] 
 
Religare Capital Markets 
James Pinner / Derek Crowhurst (Nominated Adviser) 
Daniel Briggs (Joint Corporate Broker) 
Tel. [phone] 
 
ING Wholesale Banking 
(Joint Corporate Broker) 
Nathalie Bachich de Recina / Julie Wakkie 
Tel. [phone] 
 
Buchanan Communications 
(Financial PR) 
Tim Thompson / Richard Darby / Christian Goodbody / George Prassas 
Tel. [phone] 
 
About ABLON Group Limited 
 
Founded in 1993 in Budapest (Hungary), ABLON and its subsidiaries (together the 
"ABLON Group" or the "Group") has properties at 34 locations, of which there are 
16 completed projects and 24 development projects in Budapest, Prague, 
Bucharest, Warsaw and Gdansk.  Its portfolio comprises a diversified mix of 
office, residential, retail, logistics and hotel developments valued at EUR527 
million by external independent appraisers (GVA and King Sturge), as at 30 June 
2010.  ABLON has, as at 30 June 2010, 195,790 square metres of existing and 
income generating office, hotel and retail assets (at 13 locations) in Budapest 
and Prague, with a significant development land bank comprising a further 
1,273,230 square metres (at 24 locations) in Budapest, Prague, Bucharest, Warsaw 
and Gdansk.  ABLON's shares are traded on the AIM market of the London Stock 
Exchange under the ticker 'ABL'. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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