Challenger Acquisitions Limited Directorate Change and Additional Funds Received (7905R)
05 Marzo 2019 - 8:02AM
UK Regulatory
TIDMCHAL
RNS Number : 7905R
Challenger Acquisitions Limited
05 March 2019
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA
OR JAPAN.
For Immediate Release
5 March 2019
Challenger Acquisitions Limited
("Challenger" or the "Company")
Company Update - New Director and Additional
Funds Received
Challenger Acquisitions Limited (LSE: CHAL) announces that it
has appointed George Charles Lucan as a Non-Executive Director
effective immediately.
George Lucan is a successful finance professional with over
thirty years of experience in equity and debt markets. After
graduating from Cambridge University, he began his career at
Dresdner Kleinwort Benson where he spent 10 years, mainly within
the Structured Finance team, and continued in alternative fund
management, most recently with Rudolf Wolff Limited. He brings, in
addition, private equity experience in the fields of energy and
alternative energy.
As an Arabic speaker and accredited Islamic finance specialist
with extensive knowledge of the Middle East and North Africa
region, George brings a wealth of diverse experience. Currently
training for the Advanced Certificate in Corporate Governance with
the Governance Institute, George also has a special focus on
transparency, shareholder relations and governance matters in
general. George is presently interim Managing Director of Angus
Energy plc, a public company traded on AIM.
Challenger also announces that it has received US$51,875
(US$50,000 principal plus interest) pursuant to an agreement with
the developers of the wheel project in Dallas, Texas to sell its
US$300,000 investment in this project back to the Developers. This
is the second of six scheduled payments.
Mark Gustafson, Challenger's Chief Executive Officer, stated,
"We are very excited and keen to welcome George to our board of
directors. We believe that his experience and background will help
accelerate our search for a suitable project for Challenger. In
addition, the monthly funds we receive from the disposition of the
Dallas project continue to improve our balance sheet."
No information is required to be disclosed pursuant to Listing
Rule 9.6.13 R.
This announcement contains inside information.
**ENDS**
For more information visit www.challengeracquisitions.com or
enquire to:
Challenger Acquisitions Limited
Mark Gustafson +1 604 454 8677
St Brides Partners Ltd (PR)
Cosima Akerman +44 (0) 20 7236 1177
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END
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