TIDMABL

RNS Number : 5431O

Ablon Group Limited

12 October 2012

12 October 2012

Appointment of Non-Executive Director

ABLON Group Limited ("ABLON" or "the Company"), a leading real estate owner and developer in Central Europe, is pleased to announce that it has appointed Saydam Salaheddin to its board as a Non-Executive Director with immediate effect.

Mr Salaheddin will be an independent member of the Board and will be a member of the Audit and Remuneration Committees.

Mr Saydam Salaheddin, aged 41, worked as an Investment Banker at Credit Suisse for 13 years where he held a number of roles including Managing Director and Head of CEE, CIS and Turkey Real Estate. In 2007, Mr Saydam Salaheddin was part of the Corporate Finance team which listed Ablon on AIM.

More recently, Mr Saydam Salaheddin has served at Renaissance Capital as a Managing Director, responsible for Global Real Estate and Turkey, based in Moscow. Renaissance Capital is an investment bank headquartered in Russia where Mr Salaheddin is currently resident.

Commenting on the appointment, Alex Borrelli, Chairman of Ablon said:

"We are pleased to have secured the services of Saydam as a non-executive director who brings significant real estate expertise and capital markets experience to the Board and who is already familiar with the Group's operations."

Saydam Salaheddin is also an Independent Non-Executive Director of MirLand Development Corporation plc, a London Stock Exchange listed Russian real estate developer.

In accordance with the UK Listing Rules, the Company confirms that there are no further details that are required to be disclosed under paragraph LR 9.6.13 R of the UK Listing Rules in respect of Saydam Salaheddin.

For further information, please contact:

ABLON Group Limited

   Kristóf Skwarek                                      Tel. +36 1 225 6600

Arden Partners plc

   Adrian Trimmings / Justine Waldisberg      Tel. +44 (0) 20 7614 5900

ING Wholesale Banking (Joint Corporate Broker)

   Nathalie Bachich de Recina                     Tel. +44 (0) 20 7767 8362

Newgate Threadneedle (Financial PR)

   Graham Herring                                      Tel. +44 (0) 20 7653 9858 
   Terry Garrett                                          Tel. +44 (0) 20 7653 9845

NOTES TO EDITORS

About ABLON Group Limited

Founded in 1993 in Budapest (Hungary), ABLON and its subsidiaries (together the "ABLON Group") has properties at 34 locations, of which there are 15 completed projects, two projects in the construction phase and 23 development projects in Budapest, Prague, Bucharest, Warsaw and Gdansk. Its portfolio comprises a diversified mix of office, residential, retail, logistics and hotel developments valued at EUR385 million as at 30 June 2012. The ABLON Group had, as at 30 June 2012, 202,000 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 1,236,300 square metres (at 24 locations) in Budapest, Prague, Bucharest, Warsaw and Gdansk. 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

BOADMMMGVMDGZZM

Grafico Azioni Ablon (LSE:ABL)
Storico
Da Giu 2024 a Lug 2024 Clicca qui per i Grafici di Ablon
Grafico Azioni Ablon (LSE:ABL)
Storico
Da Lug 2023 a Lug 2024 Clicca qui per i Grafici di Ablon