Macau Property Opportunities Fund Directorate Change (8132C)
October 03 2018 - 4:00AM
UK Regulatory
TIDMMPO
RNS Number : 8132C
Macau Property Opportunities Fund
03 October 2018
3 October 2018
Macau Property Opportunities Fund Limited
Directorate Change
The Board of Macau Property Opportunities Fund Limited (the
"Company") is pleased to announce the appointment of Mark Huntley
as an independent non-executive director with immediate effect.
Mark Huntley has substantial experience in the financial
services industry having previously been CEO of Heritage Financial
Services Group and holds a number of directorships across both
listed and unlisted companies, including ICG-Longbow Senior Secured
UK Property Debt Investments Limited. In addition, he is a founding
director of the Channel Islands Stock Exchange LBG and is an
associate Member of the Chartered Institute of Bankers.
Mr Huntley has in-depth knowledge of the Company by virtue of
his role as CEO of Heritage Financial Services Group which has
acted as Administrator to the Company since it was launched but he
ceased his role in that business when Heritage was acquired by
Estera in 2017. Through that relationship and previous roles,
including as Director of AIM-listed China Growth Fund Limited, Mark
has sound experience and knowledge of the Macau and Chinese
markets, making him well-positioned to assist the Company in
achieving its realisation strategy going forward.
Mr Huntley's appointment coincides with the retirement of Chris
Russell who has confirmed to the Board his intention to step down
as Chairman of the Company with effect from the Company's annual
general meeting to take place in November 2018 ("AGM"). Following
the AGM, Mr Huntley will be appointed to act as Chairman going
forward. Mr Huntley will stand for election at the Company's AGM in
November.
Chris Russell, Chairman, commented:
"I am pleased to welcome Mark to the Board and to be leaving
your Company in the safe hands both of the remaining Board members
and Mark as my successor. Mark brings to MPO considerable
understanding of the Company and experience in the Macau property
market, as well as knowledge of companies in the late stages of
their life cycle. "
Mark Huntley commented:
"With the Company's divestment strategy formally in place, I
look forward to seeing the Company through its final stage of life,
with the clear objective of achieving the right balance of value
for Shareholders and timely realisation of investments. I look
forward working closely with the Manager to ensure that is
achieved."
Mark Huntley is or was within the previous five years a director
of the following publicly quoted companies:
Current Previous five years
Heritage Diversified Investments Better Capital PCC Limited (formerly
PCC Limited Better Capital Limited)
ICG-Longbow Senior Secured Bluefield Solar Income Fund Limited
UK Property Debt Investments
Limited
Stirling Mortimer No. 8 Fund China Growth Fund Limited (previously
UK Land Limited London Asia Chinese Private Equity
Fund Limited)
Stirling Mortimer No. 9 Fund
UK Land 2 Limited
No further disclosures are required for Mark Huntley in respect
of paragraphs 9.6.13R (1) - (6) of the Financial Conduct
Authority's Listing Rules.
About Macau Property Opportunities Fund
Premium listed on the London Stock Exchange, Macau Property
Opportunities Fund Limited is a closed-end investment company
registered in Guernsey and is the only quoted property fund
dedicated to investing in Macau, the world's largest gaming market
and the only city in China where gaming is legalised.
Launched in 2006, the Company targets strategic property
investment and development opportunities in Macau. Its current
portfolio comprises luxury residential assets.
The Company is managed by Sniper Capital Limited, an Asia-based
property investment manager with an established track record in
fund management and investment advisory.
Stock Code
London Stock Exchange: MPO
LEI
213800NOAO11OWIMLR72
For further information
Investor Relations
Sniper Capital Limited
Tel: +65 6222 1440
info@snipercapital.com
www.snipercapital.com
Corporate Broker
Liberum Capital
Gillian Martin
Tel: +44 20 3100 2217
Company Secretary & Administrator
Estera International Fund Managers (Guernsey) Limited
Kevin Smith
Tel: +44 14 8174 2742
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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