Ablon Group Limited Directorate Change (0709B)
28 März 2013 - 8:03AM
UK Regulatory
TIDMABL
RNS Number : 0709B
Ablon Group Limited
28 March 2013
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF SUCH JURISDICTION
For Immediate Release 28 March 2013
Ablon Group Limited
("Ablon" or the "Company")
Board Changes
The board of Ablon ("Board") announces the appointment to the
Board of Mr Radovan Vitek (aged 42), Mr Martin Nemecek (aged 37)
and Mr Jiri Dedera (aged 38) with effect from 27 March 2013 ("New
Directors").
Mr Wolfhard Fromwald has stepped down from the Board with effect
from 28 March 2013.
Alex Borrelli, Chairman of Ablon, commented, "We welcome the new
directors from CPI Group which is completing its successful cash
offer for the Company. We are grateful to Mr Fromwald for his
contribution."
Mr Radovan Vítek is currently a director of Czech Property
Investments, a.s. and each New Director is also a director of CPI
Group, a.s. as well as certain of the subsidiaries of each of these
two companies. A further announcement will follow setting out the
directorships and partnerships of each New Director, both as at
today's date and those which they have held in the past five
years.
Enquiries:
Alex Borrelli / Adrienn Lovro
Ablon Group Limited
+44 7747 020 600/+36 1 225 6600
Roland Cornish/Emily Staples
Beaumont Cornish Limited
+44 207 628 3396
Each member of the Board accepts responsibility for the
information contained in this announcement and, to the best of each
member of the Board's knowledge and belief (having taken all
reasonable care to ensure that such is the case), the information
contained in this announcement is in accordance with the facts and
does not omit anything likely to affect the import of such
information.
Beaumont Cornish Limited ("Beaumont Cornish") which is
authorised and regulated in the United Kingdom by The Financial
Services Authority is acting for the Company in relation to the
matters described in this announcement and is not advising any
other person, and accordingly will not be responsible to anyone
other than the Company for providing the protections afforded to
customers of Beaumont Cornish or for providing advice in relation
to the matters described in this announcement.
A copy of this announcement will be made available (subject to
certain restrictions relating to persons resident in restricted
jurisdictions) at http://www.ablon-group.com by no later than 12
noon (London time) on 29 March 2013, being the business date
following the date of this announcement.
About ABLON Group Limited
Founded in 1993 in Budapest (Hungary), ABLON and its
subsidiaries (together the "ABLON Group") has properties at 33
locations, of which there are 15 completed projects and 23
development projects in Budapest, Prague, Bucharest and Warsaw. Its
portfolio comprises a diversified mix of office, residential,
retail, logistics and hotel developments valued at approximately
EUR370 million by external independent appraiser (Colliers
International) as at 31 December 2012. The ABLON Group had, as at
31 December 2012, approximately 208,800 square metres of existing
and income generating office, residential, hotel, retail and
logistics assets (at 15 locations) in Budapest and Prague, with a
significant development land bank comprising a further circa.
1,164,500 square metres (at 23 locations) in Budapest, Prague,
Bucharest and Warsaw. ABLON's shares are traded on the Main 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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