Director changes

RNS Number : 2925C

Aurora Russia Limited

15 April 2013

 



Aurora Russia Limited (the "Company")

Director changes

Further to the announcement made on 25 February 2013 the Company announces that with effect from 12 April 2013 Geoffrey Miller and John Whittle have resigned as Non-executive directors of the Company. They have been replaced by Mr Jonathan Bridel and Mr Peregrine Moncreiffe whose appointment to the Board of the Company as non-executive directors, took effect at the same time.

Mr Jonathan Bridel, aged 48, is a British Citizen, resident in Guernsey. He has a number of directorships including Alcentra European Floating Rate Income Fund Limited and Starwood European Real Estate Finance Limited. He has over 28 years international experience in the finance and investment industry and private business. He is a Chartered Accountant, a Chartered Marketer, a Chartered Fellow of the Chartered Institute for Securities & Investment and holds an MBA from Durham University and qualifications from the Australian Institute of Company Directors.

Mr Peregrine Moncreiffe, aged 62, is a British Citizen, resident in Jersey and advises a number of International Investment companies. He is Chairman of North Atlantic Smaller Companies Investment Trust. His other Directorships include funds managed by Metage Capital (which has a holding of 7.21% in the Company). He holds an MA from Oxford University.

Grant Cameron is to remain as a director for the time being.

Jonathan Bridel will Chair the audit committee and sit on the valuation committee, remuneration committee and management engagement committee.

Peregrine Moncreiffe will sit on the remuneration committee and the management engagement committee.

Gilbert Chalk, non-executive Chairman of the Company said: "We are delighted to be welcoming Jonathan Bridel and Peregrine Moncreiffe to the Board. Their professional and other wider Investment experience will be a valuable addition to the Board".

Jonathan Bridel holds, or has held within the five years prior to the date of this announcement the following directorships and partnerships:

Current directorships / Partnerships	Past directorships / Partnerships
AnaCap Credit Opportunities GP II Limited	Royal Bank Of Canada Investment Management (Guernsey) Limited (which became RBC Investment Solutions CI Limited)
AnaCap Credit Opportunities II Limited	RBC Offshore Fund Managers Limited
Altus Global Gold Limited	RBC Fund Services (Jersey) Limited
Alcentra European Floating Rate Income Fund Limited	RBC Investment Services Limited
BWE GP Limited	RBC Regent Fund Managers Limited
Starwood European Real Estate Finance Limited	FTSE UK Commercial Property Index Fund Limited
Starfin Public GP Limited	GLF (GP) Limited
MGI (Guernsey) Limited	Rhodium Stone PCC Limited
Perpetual Global Limited
Impax Renewable Power Infrastructure Limited
Palio Capital Management Guernsey Limited
Palio Capital Founding Partners Limited

Peregrine Moncreiffe holds, or has held within the five years prior to the date of this announcement, the following directorships and partnerships:

Current directorships / Partnerships	Past directorships / Partnerships
Active Earth Investment Management SA	Highland African Mining Limited
Asian Citrus Holdings Limited	Noventa Plc
Bridport & Co (Jersey) Limited	Prophet Limited
Castle European Energy Development Limited	Telecard Limited
Crendon Industrial	NR Nordic and Russia Properties Limited
Metage Funds Limited	Metage Special Emerging Markets Fund Limited
North Atlantic Smaller Companies Investment Trust Plc
EnergyO Solutions Russia AB

Peregrine Moncreiffe currently owns 962,276 shares in the Company

In December 2005 the SEC Pakistan fined Mr Moncreiffe 10,000 Rupees (approx. £100) for the late filing of accounts by Telecard Ltd, of which Mr Moncreiffe was a non-executive director at the time. Mr Moncreiffe was not informed by Telecard Limited or the SEC.  However the fine came to light during a periodic compliance check and Telecard Limited confirmed the fine which it had paid on behalf of Mr Moncreiffe. Mr Moncreiffe subsequently resigned as a director of Telecard Ltd.

The Company confirms that there are no other matters requiring disclosure in relation to Rule 17 and Schedule 2 (g) of the AIM Rules.

For further information please contact:

Numis Securities Limited

Nominated Adviser: Hugh Jonathan [phone]

Corporate Broking: Rupert Krefting / Nathan Brown [phone]/1426

Financial Dynamics

Ed Gascoigne-Pees [phone]

Jack Hickey [phone]

 

END

 

 

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