Appointment of Andrew Coppel CBE to Board

RNS Number : 3075B

Dolphin Capital Investors Limited

06 October 2015

 

6 October 2015 

DOLPHIN CAPITAL INVESTORS LIMITED
("Dolphin" or the "Company")

Appointment of Andrew Coppel CBE to Board

Dolphin, a leading investor in high-end residential resorts in the Eastern Mediterranean, Caribbean and Central America, listed on the London Stock Exchange AIM Market, is pleased to announce that Andrew Coppel has been appointed to the Board of Directors as a Non-Executive Director. He will join the Strategy and Oversight Committee immediately and, effective 1 January 2016 on the retirement of Roger Lane Smith, will assume the roles of Senior Independent Director and Chairman of the Company's Nomination and Governance Committees.

Mr Coppel, aged 65, has over 20 years' experience within the hospitality and leisure sectors in chairman, CEO and/or senior board level roles, as well as being a non-executive director of one of the UK's largest residential housebuilders.

Most recently, from 2011 to 2015, Mr Coppel was CEO of De Vere Group, one of the largest hotel and leisure groups in the UK, having joined the business initially as executive chairman in March 2010.  As CEO, he led a team in turning round the group, building value through operational and investment initiatives, and crystallising that value principally through the sales of the three main divisions to US private equity firms. This resulted in the repayment to Lloyds Banking Group of over £1bn.

Mr Coppel was chairman and CEO of McCambridge Group from 2008 to 2009 and CEO of Jockey Club Racecourses from 2004 to 2007. In 1993, he joined Queens Moat Houses, one of the largest hotel groups in Europe, where he was group CEO until 2003. From 1990 to 1993 he was chairman and CEO of Sale Tilney. 

In a non-executive capacity, he was the first chair of Tourism Ireland for seven years (2001-2007), chair of London Irish Rugby Football Club (2008-2011) and a non-executive director of Crest Nicholson (2009-2011). He also sat on Lloyds Bank's Advisory Board on Ireland.

Mr Coppel was awarded a CBE in 2009 for services to Irish tourism.

Laurence Geller, Non-Executive Chairman of Dolphin's Board of Directors, stated:

"When considering the qualifications for this Board appointment we had extensive consultations with investors and professionals alike and are delighted to have Andrew Coppel join the Board of DCI. He is both highly regarded and respected in the UK public markets and his professional operating and public company experiences complement those of both the Board and our Investment Manager. We look forward to working closely with him as we continue on the path of DCI's transformation in accordance with our strategic plan."

Miltos Kambourides, Founder of Dolphin and Managing Partner of Dolphin Capital Partners, stated:

"We are excited to be strengthening the DCI Board with the addition of Andrew, a seasoned resort, tourism and real estate professional, who will bring valuable experience and insights to the Company. We look forward to working with Andrew towards implementing our refocused strategic plan as we continue to transform DCI to create maximum shareholder value."

For further information, please contact:

Dolphin Capital Investors Laurence Geller	[phone] [e-mail]
Dolphin Capital Partners Miltos E. Kambourides Pierre A. Charalambides Eleni Florou	[e-mail] [e-mail] [e-mail]
Panmure Gordon (Broker) Richard Gray / Dominic Morley / Andrew Potts	[phone]
Grant Thornton UK LLP (Nominated Adviser) Philip Secrett	[phone]
FTI Consulting, London Richard Sunderland / Claire Turvey	[phone] [e-mail]

Notes to Editors

Dolphin (www.dolphinci.com) is a leading global investor and developer of residential resorts in emerging markets.

Dolphin seeks to generate strong capital growth and cash returns for its shareholders through the development of sophisticated leisure-integrated residential resorts in partnership with some of the world's most recognised architects, golf course designers and hotel operators, and through the orderly disposal of its Non-Core Assets.

Dolphin's portfolio is currently spread over approximately 57 million m² of prime coastal developable land in Greece, Cyprus, Croatia, Turkey, the Dominican Republic and Panama and a 49.8% strategic shareholding in Aristo Developers Ltd, the largest developer and private land owner in Cyprus.

Dolphin is managed by Dolphin Capital Partners, an independent real estate private equity firm.

In June 2015, the Company adopted a refocused strategy and the Company's investments are now categorised as five Core Projects to be developed over time and 10 Non-Core Assets to be realised as part of an orderly monetisation process. The Core Projects are the Company's existing developments known as Amanzoe, Kilada Hills and the Kea Resort (all in Greece), Playa Grande Club & Reserve (Dominican Republic) and Pearl Island (Panama), and represent the most mature and advanced developments of the Company.

Further information relating to Andrew Maxwell Coppel

Mr. Coppel is not currently beneficially interested in the issued share capital of the Company.

As a consequence of his role as CEO of De Vere Group and the group's financial restructuring, Mr Coppel has been a director of a number of companies that have been dissolved or put into liquidation. Mr. Coppel currently holds and has held (including all appointments during the five years preceding the date of this announcement), the following directorships and partnerships, other than the Company: 

Current directorships:

AHG TOPTABLE LIMITED

DE VERE (BLACKPOOL) LIMITED

DE VERE CREDIT LIMITED

DE VERE FINANCE NO 1 LIMITED

DE VERE GRAND BRIGHTON NO 2 LIMITED

DE VERE GROUP FINANCE LIMITED

DE VERE GROUP INVESTMENTS LIMITED

DE VERE HIGH WYCOMBE LIMITED

DE VERE HOTELS AND RESTAURANTS LIMITED

DE VERE HOTELS GROUP HOLDINGS LIMITED

DE VERE HOTELS GROUP LIMITED

DE VERE HOTELS HOLDINGS LIMITED

DE VERE LAND LIMITED

DE VERE ROYAL BATH LIMITED

DE VERE UNIVERSITY ARMS LIMITED

GROVES & WHITNALL LIMITED

J.A. DEVENISH LIMITED

MAGEE,MARSHALL AND COMPANY,LIMITED

O H ASSOCIATES LIMITED

SAGE BREWERY LIMITED

SAGE MIDLANDS LIMITED

SAGE NUMBER 1 LIMITED

SAGE NUMBER 3 LIMITED

SALE TILNEY INDUSTRIAL HOLDINGS PLC - Receiver Cessation (15 January 1998)

SPV NO 2 (WYCHWOOD) LIMITED

THE ALTERNATIVE HOTEL GROUP LIMITED

VILLAGE LEISURE HOTELS LIMITED

Former directorships/partnerships (in the last five years):

AHG VENICE NEWCO 4 LIMITED

AHG VENICE NEWCO 6 LIMITED

AHG VENICE SPV NO. 4 LIMITED

B.S. MINERAL WATERS LIMITED

BADER MACHINERY COMPANY LIMITED

BELFRY (NORTH WARWICKSHIRE) LIMITED(THE)

BELTON WOODS HOTEL AND COUNTRY CLUB LIMITED

BELTON WOODS HOTEL LIMITED

BELTON WOODS HOTEL TRADING LIMITED

BRANWELL WINES LIMITED

BRITISH HOSPITALITY ASSOCIATION

CAMBRIAN SOFT DRINKS LIMITED

CAMERON HOUSE LOCH LOMOND LIMITED

CAMERON HOUSE RESORT (LOCH LOMOND) LIMITED

CHESTER NORTHGATE BREWERY COMPANY LIMITED

CHINA LANE LIMITED Creditors Voluntary Liquidation (31 March 2015)

CORNISH BREWERY COMPANY LIMITED Creditors Voluntary Liquidation (31 March 2015)

CREST NICHOLSON HOLDINGS PLC

DAVENPORTS BREWERY LIMITED Creditors Voluntary Liquidation (31 March 2015)

DAVENPORTS BREWERY (HOLDINGS) LIMITED

DE VERE (C.R.) LIMITED

DE VERE (SOUTHAMPTON) LIMITED

DE VERE GOLF & LEISURE LIMITED

DE VERE HOTELS NO 4 LIMITED

DE VERE OULTON HALL FINANCE LEASE UNLIMITED

DE VERE OULTON HALL LIMITED

DE VERE SWINDON FINANCE LEASE UNLIMITED

DE VERE VENUES GROUP LIMITED

DE VERE VENUES LIMITED

DE VERE VENUES PROPERTIES LIMITED

DE VERE VILLAGE HOTELS CLG LIMITED

DE VERE WOKEFIELD PARK LIMITED

DE VERE WOKEFIELD PROPERTY LIMITED

DE VERE WOKEFIELD TRADING LIMITED

DE VERE WYCHWOOD PARK LIMITED

DEAN PARK HOTEL GROUP LIMITED

DEVENISH BREWERY LIMITED Creditors Voluntary Liquidation (31 March 2015)

DREW & CO,(WINE CELLARS)LIMITED

DUNSTON HALL HOTEL LIMITED

DUNSTON HALL HOTEL TRADING LIMITED

DUNSTON HALL LIMITED

DV LEISURE LIMITED

G W GROUP PROPERTY DEVELOPMENT LIMITED

EREVED CENTRAL SERVICES LIMITED - Creditors Voluntary Liquidation (31 March 2015)

EREVED FINANCE NO 2 LIMITED - Creditors Voluntary Liquidation (31 March 2015)

EREVED FINANCE NO 3 LIMITED - Creditors Voluntary Liquidation (31 March 2015)

EREVED GRAND BRIGHTON LIMITED - Creditors Voluntary Liquidation (31 March 2015)

EREVED GROUP HOLDINGS LIMITED - Creditors Voluntary Liquidation (31 March 2015)

EREVED GROUP LIMITED - Creditors Voluntary Liquidation (31 March 2015)

EREVED HOTELS LIMITED - Creditors Voluntary Liquidation (31 March 2015)

EREVED LIMITED - Creditors Voluntary Liquidation (31 March 2015)

EREVED MIDCO LIMITED - Creditors Voluntary Liquidation (31 March 2015)

EREVED VENICE LIMITED - Creditors Voluntary Liquidation (31 March 2015)

GLOWFINE LIMITED

GRAND HARBOUR HOTEL (SOUTHAMPTON) LIMITED

GRAND HARBOUR HOTEL TRADING LIMITED

GRANDRECORD LIMITED

GREENS HEALTH AND FITNESS LIMITED

HARVEY PRINCE & COMPANY LIMITED

HEY (UK) LIMITED

INN LEISURE (SOUTH WEST) LIMITED

INN LEISURE GROUP LIMITED

INN LEISURE LIMITED

INTERSURE LEASING LIMITED

J.S.W. HOLDINGS LTD - Creditors Voluntary Liquidation (15 March 2012)

JAMES SHIPSTONE & SONS LIMITED

JERMCAM LIMITED

KAY'S WINE & SPIRITS(WORSLEY)LIMITED

L & W (WHOLESALE) LIMITED

LICAT SUPPLIES LIMITED

LIMEWOOD DEVELOPMENTS LIMITED

LIQUID ASSETS GROUP LIMITED

LIQUID ASSETS LIMITED

LONDON CELLARS LIMITED

LONDON IRISH HOLDINGS LIMITED

LONDON IRISH SCOTTISH RICHMOND LIMITED

M.L.COOPER (FOOD DISTRIBUTORS) LIMITED

MANCHESTER TRADING COMPANY LIMITED

MCCAMBRIDGE (SOUTH) LIMITED - Creditors Voluntary Liquidation (15 March 2012)

MIDDLEMAS OF KELSO LIMITED

MOTTRAM HALL LIMITED

OGDEN WADE LIMITED

OLDTOP LIMITED

OULTON HALL HOTEL LIMITED

OULTON HALL HOTEL TRADING LIMITED

PEOPLE 1ST

PRINCIPALITY BEERS & MINERALS LIMITED

QLODGE RESORTS LIMITED

S.B.L. REALISATIONS LIMITED

SABLEHURST LIMITED

SAGE (PELICAN) LIMITED

SAGE LEISURE DEVELOPMENTS LIMITED

SAGE LEISURE HOLDINGS LIMITED

SAGE LEISURE LIMITED

SAGE NUMBER 2 LIMITED

SALE TILNEY (FINANCE) LIMITED

SALE TILNEY FINANCIAL SERVICES PLC

SALE TILNEY FOOD TRADERS LIMITED

SALE TILNEY FOODS PLC

SALE TILNEY INVESTMENTS LIMITED

SALE TILNEY MANUFACTURING LIMITED

SALE TILNEY PLC - Receiver Cessation(12 December 1998)

SALE TILNEY TECHNOLOGY PLC

SALISBURYS LIMITED - Administrative Receiver Cessation (12 December 1998)

SHREWSBURY AND WEM BREWERY COMPANY,LIMITED(THE)

SLALEY HALL LIMITED

SMARTWARDEN LIMITED

SPREAD NEWCO FIVE LIMITED - Creditors Voluntary Liquidation (29 July 2010)

SPREAD NEWCO FOUR LIMITED - Creditors Voluntary Liquidation (28 March 2012)

SPREAD NEWCO ONE LIMITED - Creditors Voluntary Liquidation (15 March 2012)

SPREAD NEWCO THREE LIMITED - Creditors Voluntary Liquidation (12 May 2010)

SPREAD NEWCO TWO LIMITED - Creditors Voluntary Liquidation (15 March 2012)

STAVERTON PARK GOLF CLUB LIMITED

STRETTON LEISURE CLUBS LIMITED

TAVERN (1993) LIMITED Creditors Voluntary Liquidation (31 March 2015)

THE BIG BANG PEOPLE CO. LIMITED

UNIVERSITY ARMS HOTEL LIMITED

VALLANCES NOMINEES LIMITED

VENUESOLVE LIMITED

VERVE CENTRAL LIMITED

VERVE CITY LIMITED

VERVE CONFERENCES LIMITED

VERVE METROPOLIS LIMITED

VUR ST DAVIDS HOTEL LIMITED

VUR SWINDON LIMITED

VUR VILLAGE HOLDINGS NO 2 LIMITED

VUR VILLAGE HOLDINGS NO 3 LIMITED

VUR VILLAGE HOTEL HOLDINGS LIMITED

VUR VILLAGE HOTELS & LEISURE LIMITED

VUR VILLAGE HOTELS LIMITED

VUR VILLAGE PROPERTIES LIMITED

VUR VILLAGE TRADING NO 1 LIMITED

VUR VILLAGE TRADING NO 2 LIMITED

WEST OF ENGLAND BAKERIES LIMITED - Administrator Appointed (2 June 2010)

WREKIN BREWERY COMPANY LIMITED(THE)

YENLIT ELAS (STI) LIMITED

There is no further information required relating to Andrew Coppel to be disclosed under paragraph (g) of Schedule 2 of the AIM Rules.

- ENDS -

 

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