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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Newfound | LSE:NFND | London | Ordinary Share | NL0000686764 | ORD EUR0.01 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.85 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:4235S Newfound N.V. 16 April 2008 NEWFOUND N.V. Management Changes and Notice of Preliminary Results Newfound N.V. ("Newfound" or the "Company") today announces that John Theophilus is standing down as interim Chief Executive Officer and Jeremy White, Chairman, is assuming the position with immediate effect until a suitable successor is found. John Theophilus joined the Company in June 2007 as interim Chief Financial Officer and was subsequently appointed interim Chief Executive Officer at the end of September 2007. Having fulfilled his interim role, John is leaving the Company to pursue other interests and the Board would like to thank him for his significant contributions to the restructuring of the Company and wish him every success in the future. The Company is also pleased to announce that Robert Riley has been engaged by the Company as an adviser focusing on the Nevis development project. Robert has over 25 years' experience in the hospitality and resort development industry having previously served as CEO of Mandarin Oriental Hotel Group and Le Meridien Hotels and Resorts. He led the turnaround of a number of leisure groups including the sale of Le Meridien to Starwood, the ResidenSea and the world's second largest casino, Crown, in Australia. Following the fund raisings in the last quarter of 2007, the Company has been actively pursuing its revised business strategy, as set out in the announcement dated 5 December 2007. Cash continues to be tightly managed as the Company explores a number of long term funding options. Newfound will provide an update on trading at the time of the announcement of its preliminary results for the financial year ended 31 December 2007, which will be released on 29th May 2008. For further information, please contact: Newfound N.V. Jeremy White +44 (0) 20 7470 2490 Collins Stewart Adrian Hadden +44 (0) 20 7523 8350 About Newfound: Newfound is a creator and operator of international luxury resorts and destinations. The Company has a high quality portfolio of resort projects at Humber Valley in Canada and in Nevis and St. Kitts in the Caribbean. Humber Valley Resort, with 2,200 acres, currently has over 200 privately owned properties the majority of which are available for rent. It is an all-season, luxury resort offering golf, world-class salmon fishing, sailing, skiing and a luxury spa. Newfound has an integrated business model based on destination master-planning, which generates revenues from multiple sources, including freehold land sales, construction and development, services to owners, the provision of leisure activities and the operation of concessions. Newfound is building an industry leading, world-class luxury lifestyle brand offering exceptional holiday experiences in luxurious homes, situated in locations of outstanding natural beauty. www.newfoundresorts.com This information is provided by RNS The company news service from the London Stock Exchange END BOAUVOBRWKRSAAR
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