AFI Development PLC CHANGES IN THE BOARD OF DIRECTORS (2665Z)
30 Agosto 2018 - 5:47AM
UK Regulatory
TIDMAFRB TIDMAFID
RNS Number : 2665Z
AFI Development PLC
30 August 2018
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION
IN OR INTO THE RUSSIAN FEDERATION, THE UNITED STATES, CANADA,
AUSTRALIA OR JAPAN
AFI DEVELOPMENT PLC
("AFI DEVELOPMENT" OR "THE COMPANY")
The date of this announcemend has been corrected. All other
information within the announcement remains unchanged. The full
amended text appears below.
CHANGES IN THE BOARD OF DIRECTORS AND NOTIFICATION OF
APPOINTMENT OF A NEW DIRECTOR
London, 30 August 2018 - AFI Development announces that its
Board of Directors has accepted the resignation of Mr Lev Leviev
from the position of Executive Chairman of the Company effective
31st August 2018.
The Board has appointed Mr David Tahan as Non-executive Chairman
of the Company effective from 1st September 2018. The Board has
also appointed Mr Mark Groysman as an Executive Director effective
from 1st September 2018. Mr Groysman will serve as a Board member
for an interim period until a new Board member has been
appointed.
Mr Mark Groysman leads the Russian operations of AFI Development
in the capacity of CEO of AFI RUS LLC, the main operating
subsidiary of the Company. Mr Groysman was an executive member of
the Board of AFI Development between 2012 and 2016.
Mr Groysman does not hold other directorship positions in
publicly quoted companies and has not held such positions in the
previous five years, except for serving as executive director in
the Company. He has no unspent convictions in relation to
indictable offences. Mr Groysman has not (i) whilst a director, or
within 12 months preceding such events, been associated with any
receiverships, compulsory liquidations, creditors voluntary
liquidations, administrations, company voluntary arrangements or
any composition or arrangement with its creditors generally or any
class of its creditors of any company whilst acting as an executive
director; (ii) whilst a partner, or within 12 months preceding such
events, been associated with any compulsory liquidations,
administrations or partnership voluntary arrangements of any
partnerships whilst acting as a partner; (iii) whilst a director,
or within 12 months preceding such events, held assets which have
been the subject of a receivership; (iv) whilst a partner, or
within 12 months preceding such events, been partner of any
partnership preceding any receivership of the assets of such
partnership; (iv) been declared bankrupt or entered into any
individual voluntary arrangements; (v) been subject to any public
incrimination and/or sanction by statutory or regulatory
authorities (including designated professional bodies); or (vi)
been disqualified by a court from acting as a member of the
administrative, management or supervisory body of any company or
from acting in the management or conduct of the affairs of any
company.
- ENDS -
For further information, please contact:
AFI Development, +7 495 796 9988
Ilya Kutnov
Citigate Dewe Rogerson, London +44 20 7638 9571
Sandra Novakov
Lucy Eyles
About AFI Development
Established in 2001, AFI Development is one of the leading real
estate development companies operating in Russia. AFI Development
is listed on the Main Market of the London Stock Exchange and aims
to deliver shareholder value through a commitment to innovation and
continuous project development, coupled with the highest standards
of design, construction and quality and customer service.
AFI Development focuses on developing and redeveloping high
quality commercial and residential real estate assets across
Russia, with Moscow being its main market. The Company's existing
portfolio comprises commercial projects focused on offices,
shopping centers, hotels and mixed-use properties, and residential
projects. AFI Development's strategy is to sell the residential
properties it develops and to either lease the commercial
properties or sell them for a favorable return.
AFI Development is a leading force in urban regeneration,
breathing new life into city squares and neighborhoods and
transforming congested and underdeveloped areas into thriving new
communities. The Company's long-term, large-scale regeneration and
city infrastructure projects establish the necessary groundwork for
the successful launch of commercial and residential properties,
providing a strong base for future.
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
BOASDMSASFASELA
(END) Dow Jones Newswires
August 30, 2018 04:47 ET (08:47 GMT)
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