Result of AGM

 
TIDMATLS 
 
ATLAS ESTATES LIMITED 
(Registered in Guernsey - Number 44284) 
 
Registered Office: 
Martello Court, Admiral Park, St Peter Port, Guernsey, GY1 3HB 
__________________________ 
 
TELEPHONE: [phone] 
FACSIMILE: [phone] 
 
e-mail: [e-mail] 
 
For immediate release 16 June 2010 
 
Results of AGM and Directorate Change 
 
The Company is pleased to announce that all resolutions proposed at its annual 
general meeting of shareholders ("AGM") held today were passed, including the 
ordinary resolutions to appoint Mark Chasey, Andrew Fox and Guy Indig as 
non-executive directors (the "New Directors"), with immediate effect. 
 
The Board announced on 7 June 2010, that Quentin Spicer, Shelagh Mason and 
Michael Stockwell had tendered their resignation 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. Their 
resignations were formally accepted at the meeting of the Board held following 
the AGM today. 
 
At the same meeting, Andrew Fox was appointed to act as Non-executive Chairman 
of the Company. The New Directors established an audit committee, comprising 
all New Directors, under the chairmanship of Mark Chasey. The New Directors 
have also been appointed as members of the Investment Committee. 
 
In light of Mr Indig's existing relationship with the Izaki Group, Mr Indig is 
not considered to be an independent Director of the Board. 
 
In accordance with Polish regulation, the Board can confirm than none of the 
New Directors have an existing relation which could be considered as a 
competitive activity towards the Company. 
 
Pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules, further 
information on each of the New Directors is included in the appendix to this 
announcement. 
 
Commenting on these developments, the Chairman, Mr Andrew Fox said, "On behalf 
of the Board, I would like to thank Mr Quentin Spicer, Ms Shelagh Mason and Mr 
Michael Stockwell for their service as directors of the Company and for the 
valuable contributions they have made over the years. In particular, I would 
like to take this opportunity to thank Mr Spicer for his distinguished service 
as Chairman of Atlas Estates Limited. We wish all of them every success in 
their future endeavours." 
 
Further information, please contact: 
 
Atlas Management Company Limited 
Nahman Tsabar/ Steven Senter  Tel: [phone] 
 
Fairfax I.S. PLC 
David Floyd / Rachel Rees     Tel: [phone] 
 
 
Intertrust Fund Services (Guernsey) Limited 
Andre Le Prevost              Tel: [phone] 
 
 
                                   Appendix 
 
Information on New Directors pursuant to Rule 17 and Schedule Two paragraph (g) 
                               of the AIM Rules 
 
Mark Courtney Chasey, aged 53, 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 
Chasey joined Ernst and Young Trust Company (Jersey) Limited in 1997 and then, 
in 1999, went on to establish Oak Trust (Guernsey) Limited. 
 
Mr Chasey is currently a director of the following companies: 
 
Ace Finance INC 
 
ATW Limited 
 
Advanced Consultancy Team Limited 
 
Advanced Hair Studios Europe Limited 
 
Agapanthus Limited 
 
Baden Consulting Limited 
 
Crystal Ball Properties 0014 (PTY) Limited 
 
Emerald controls Limited 
 
Euro Turbines Co. Limited 
 
Flower Power Limited 
 
Foxyard Investments Limited 
 
Global Process Automation Limited 
 
Henley Investments 101 Limited 
 
Henley Investments 102 Limited 
 
Henley Investments 103 Limited 
 
Henley Investments 104 Limited 
 
Holzmann Logistical Services Limited 
 
Imbrit Limited 
 
Inspiration Properties Limited 
 
Jepbar Trading Inc 
 
Kanin Investments Limited 
 
Kingsway Music Corporation 
 
Liddell Linens Limited 
 
Loxbeare Limited 
 
M&D Real Estate Limited 
 
Mainrig Limited 
 
Mariner Limited 
 
Merlin Biosciences Limited 
 
Minard Limited 
 
Munchkin Limited 
 
Newport RE Limited 
 
Northlew Investments Limited 
 
Oak Nominees Limited 
 
Oak Secretaries Limited 
 
Oak Directors Limited 
 
Oak (Malta) Limited 
 
Oak Trust (Guernsey) Limited 
 
Ogmore Properties Limited 
 
Primavera Property Limited 
 
Rowsell Holdings Limited 
 
Rufous Limited 
 
Spiritage International (Mauritius) Limited 
 
Topaz Enterprises Limited 
 
Trident International Services Limited 
 
Underwriting Software Solutions Limited 
 
Venice Holdings Limited 
 
Westport Investments Limited 
 
Wilmslow Property Holdings Limited 
 
Within the last five years Mr Chasey has been a director of the following 
companies: 
 
Abbey 147 Limited 
 
Abbey 148 Limited 
 
Abbey 150 Limited 
 
Africon Trading Enterprises Limited 
 
Akkerboom Properties Limited 
 
Automotive Innovations Limited 
 
Banterre Limited 
 
Beach Front Selections Limited 
 
Chalumna Holdings Limited 
 
Elk Holdings Limited 
 
Europa Communications and Marketing Limited 
 
Farragon Investments Limited 
 
Ferdelum Limited 
 
Finquest Corporation (Panama) 
 
First (Guernsey) Limited 
 
Fish Eagle Management Inc. 
 
Five Continents Holdings Limited 
 
Fleetpro International Limited 
 
Flint Holdings Limited 
 
FMI Holdings (Guernsey) Limited 
 
FMT Technologies Limited 
 
Foley International Holdings Limited 
 
FTI International Limited 
 
GIPS Limited 
 
Glamis Investment Holdings Limited 
 
Global Investment Planning Services Limited 
 
Global PI Limited 
 
Grange Investments Limited 
 
The Great Blue Limited 
 
Grimes Associates Ltd 
 
Hale Investment Holdings Limited 
 
Heritage Africa Limited 
 
Hibern Trading Limited 
 
Hide Trade Limited 
 
Holzmann International Limited 
 
Hotten Limited 
 
Howley Limited 
 
I.D. Solutions Limited 
 
Informed Management Environment Limited 
 
Interfleur BV Limited 
 
International Petroleum Services Limited 
 
IMR Agencies 
 
Jacinta Holdings Limited 
 
Judogi Limited 
 
Kamida Trading Limited 
 
Lauzin Holdings Limited 
 
Lamont Investment Holdings Limited 
 
Linzee Investments Limited 
 
Londel Limited 
 
M & D Real Estate Limited 
 
Marcelline Trading Limited 
 
Mars International Limited 
 
Massey Holdings Limited 
 
Maze Limited 
 
M-Comm Holdings (Guernsey) Limited 
 
Medical Ventures Limited 
 
Medi Science Consultants Limited 
 
Menorah Communications Limited 
 
Myerconsult Limited 
 
Neath Limited 
 
No. 85 Imperial Wharf Limited 
 
Nohan Limited 
 
Northborough Enterprises Limited 
 
Northern Fruit Limited 
 
Oak Nominees Limited 
 
Oak Secretaries Limited 
 
Oakmore Investment Holdings Limited 
 
Orange Blossom Development Limited 
 
Orange Property Development Limited 
 
Pelham House Limited 
 
Pentahedron Holdings Limited 
 
Perrier Holdings Limited 
 
Peterborough Limited 
 
PR International Limited 
 
Purple Property Holdings Limited 
 
Quali Dent Prop Limited 
 
Quintec Investments Limited 
 
Raeworld Limited 
 
Relief Logistics Limited 
 
RFE Global (Guernsey) Limited 
 
Rhodium Holdings Limited 
 
Romer Investments Limited 
 
Roth Fairchild Equity Limited 
 
Roundwood Investments Limited 
 
S Limited 
 
Seeker Investments Limited 
 
Sistelle Limited 
 
Sports Management Associates Limited 
 
Starview Services UK Limited 
 
Stockford Limited 
 
Strategic Consolidated Investments Limited 
 
Sun Global Limited 
 
Synapp International Limited 
 
Talic Limited 
 
Tatum Development Limited 
 
Tokai Management Limited 
 
Topquip International Limited 
 
Tropicante Fuels (Pvt) LTD 
 
Tulie International Investments Limited 
 
Unique Cables Limited 
 
Viburnum Holdings Limited 
 
Virtual Management Group Limited 
 
Watkin Limited 
 
Wereld Wijede Agentschappen NV 
 
Wilson Holdings Limited 
 
Woodingdean Limtied 
 
Zucchero Limited 
 
Zuckero International Investments Limited 
 
Andrew Harvey Fox, aged 31, 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. 
 
Mr Fox is currently a director of the following companies: 
 
Ace Finance Inc 
 
Agapanthus Limited 
 
Advanced Consultancy Team Limited 
 
ATW Limited 
 
Emerald Controls Limited 
 
Euro Turbines Co. Limited 
 
Flower Power Limited 
Foxyard Investments Limited 
 
Galaxy Aviation Management Limited 
 
Henley Investments 101 Limited 
 
Henley Investments 102 Limited 
 
Henley Investments 103 Limited 
 
Henley Investments 104 Limited 
 
Holzmann Logistical Services Limited 
 
Imbrit Limited 
 
Inspiration Properties Limited 
 
Jepbar Trading Inc 
 
Kanin Investments Limited 
 
Kingsway Music Corporation 
 
LA Holdings Limited 
 
Liddell Linens Limited 
 
Loxbeare Limited 
 
Mainrig Limited 
 
Mariner Limited 
 
Merlin Biosciences Limited 
 
Minard Limited 
 
M&D Real Estate Limited 
 
Northlew Investments Limited 
 
Oak Directors Limited 
 
Oak (Malta) Limited 
 
Oak Nominees Limited 
 
Oak Securities Limited 
 
Oak Trust (Guernsey) Limited 
 
Primavera Property Limited 
 
Ross Breeders Africa Limited 
 
Rowsell Holdings Limited 
 
Rufous Limited 
 
Spiritage International (Mauritius) Limited 
 
Topaz Enterprises Limited 
 
Venice Holdings Limited 
 
Westport Investments Limited 
 
Wilmslow Property Holdings Limited 
 
Young Designers Limited 
 
Within the last five years Mr Fox has been a director of the following 
companies: 
 
Atlas Management Company Limited 
 
M&D Real Estate Limited 
 
Oak Holdings Limited 
 
Wereld Wijde Agentschappen NV 
 
Guy Indig, aged 37, 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. 
 
Mr Indig is currently a director of the following companies: 
 
Forest Healthcare Limited 
 
BCRE-Izaki BV. 
 
There are no other matters required under paragraph (g) of Schedule 2 of the 
AIM Rules to be announced. 
 
 
 
END