Arricano Real Estate PLC Directorate Change (9621X)
November 25 2014 - 9:17AM
UK Regulatory
TIDMARO
RNS Number : 9621X
Arricano Real Estate PLC
25 November 2014
25 November 2014
Arricano Real Estate plc
("Arricano" or the "Company")
Directorate changes
Arricano (AIM:ARO), one of the leading real estate developers in
Ukraine specialising in operating shopping centres, announces that
Yarema Kovaliv has been appointed to the board as a non-executive
director with immediate effect.
Yarema joined Arricano in October 2009 as Head of the Legal
Department. In January 2014 he was appointed Acting Chief Executive
Officer and in September 2014 appointed Executive Advisor to the
board (the "Board") of directors of the Company. Yarema's career
has predominantly been as an in-house lawyer, prior to joining
Arricano, Yarema was General Counsel at Panorama Group and head of
the legal departments at O'Key Ukraine LLC and MD Retail LLC.
Yarema holds a degree in law from the Precarpathian National Vasyl
Stefanyk University and a degree from the Kyiv National Taras
Shevchenko University.
Arricano also announces that Hillar Teder has advised the Board
of his resignation from his position as a non-executive director of
the Company with immediate effect.
Rupert Cottrell, chairman of the Company, commented: "I am
delighted to welcome Yarema to the Board. As a Board we have
benefited greatly from Yarema's support as Acting Chief Executive
Officer and latterly as Executive Advisor. His appointment now
means we are able to thankfully continue to have the benefit of his
expertise within the Company. The Board would also like to thank
Hillar Teder for his contribution to the growth of Arricano and
looks forward to his continued support as a substantial shareholder
of the Company."
Disclosures under Schedule 2(g) of the AIM Rules for Yarema
Kovaliv are as follows:
Full name and age:Yarema Kovaliv, age 38
Past Directorships within the last five years
Ukrpangroup Private Joint Stock Company
Livoberezhzhiainvest Private Joint Stock Company
Arricano Real Estate Limited Liability Company
Grandinvest Private Joint Stock Company
Pryzma Alfa Limited Liability Company
Vektor Capital Limited Liability Company
There are no further disclosures to be made pursuant to Schedule
2 paragraph (g) of the AIM Rules in respect of Yarema Kovaliv.
For further information please contact:
Arricano Real Estate plc Tel: +380 44 569 6708
Mikhail Merkulov, CEO
Nominated Adviser and Joint Broker
Smith & Williamson Corporate Finance Limited Tel: +44 (0)20 7131 4000
Azhic Basirov
Joint Broker
Whitman Howard Limited Tel: +44 (0)20 7087 4555
Ranald McGregor-Smith
Financial PR
Novella Tel: +44 (0) 203 151 7008
Tim Robertson/Ben Heath
Note to Editors
Arricano (AIM: ARO) is one of the leading real estate developers
in Ukraine and specialises in operating shopping centres. It is
listed on the AIM market of the London Stock Exchange. The Arricano
group has a strong management team, which consists of local as well
as international experts with long standing track records in real
estate. The Arricano group owns and operates (or, in the case of
Sky Mall, has an interest in) five shopping centres in Ukraine with
approximately 160,000 sq. m GLA. The properties are located in the
capital Kyiv (Sky Mall and M26/RayON), Kryvyi Rih (SEC Sun
Gallery), Zaporizhzhia (SC City Mall) and Simferopol (SC South
Gallery). The Company owns four development properties:
Prospect/Krasnotkatska (Kyiv); Petrivka (Kyiv); Rozumovska (Odesa);
and Lukianivka (Kyiv).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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