Director change and completio

RNS Number : 9277D

Dawnay, Day Sirius

22 September 2008

 



Dawnay, Day Sirius Limited

Appointment of Non-executive Director

Completion of acquisition of stake in Asset Manager by Principle Capital

Further to the announcement on 11 August, the Board of Dawnay Day Sirius Limited ('the Company'), the AIM quoted property investment company, is pleased to announce that Principle Capital Partners Limited has completed the acquisition of 48 per cent. of the issued share capital in Dawnay, Day Sirius Real Estate Asset Management Limited, now renamed Principle Capital Sirius Real Estate Asset Management Limited ('PCSREAM'), the asset manager of the Company, and a 48 per cent. interest in Marba Holland BV, the vehicle which was established to receive performance fees that may become payable to Marba Holland BV in respect of the Company's property portfolio.

Following completion of the PCSREAM and  Marba Holland BV acquisitions, the Board of the Company is pleased to announce that Brian Alan Myerson has been appointed to the Board as a non-executive director with immediate effect. Brian Myerson will not receive a salary for this role.

Brian Myerson is Chief Executive Officer of the Principle Capital group. Brian co-founded Principle Capital in November 2004 and has been a director of several listed UK companies, including Liberty plc (2000 to date), Greycoat plc (1994 to 1996) and Marylebone Warwick Balfour Group Plc (2002 to 2005), where he was Chairman. He was also a Non-Executive Director of Sage Group Limited, a South African listed life assurance and financial services business, from 2003 to 2004.

Dick Kingston, Chairman of Dawnay, Day Sirius Limited, said: 'We are delighted to welcome Brian to the Board. Brian, as CEO of Principle Capital, brings extensive property expertise to Sirius, as well as long term commitment and support. Brian has an excellent long standing relationship with the asset management team, and we look forward to benefiting from his experience in further establishing Sirius as the leading owner and operator of branded business parks in Germany.

Brian Alan Myerson, 49, is also a Director of the following companies: Bulldog Financial Limited; D1 Oils Plc; Liberty plc, Liberty Retail plc; PME African Infrastructure Opportunities plc; PME Infrastructure Managers Limited; Principle Capital Holdings S.A.; Principle Energy Limited; Proteus Property Partners Limited; Shawford Park Helicopters Limited; South African Property Opportunities Plc; Principle Capital Private Equity (Africa) Plc; Principle Capital Investment Trust plc; Principle Capital Fund Managers Limited; Principle Capital Sirius Real Estate Asset Management Limited; Principle Capital Good Citizen Trust Plc; and Principle Capital Good Citizen Partners Limited.

Over the past five years he has been a Director of the following companies: 
Active Value Advisors Limited; Blackstar Investors Plc; Illuminator Fund Management Limited; Illuminator Holdings Limited; Illuminator Investments Limited; JAB Holdings Limited; Marylebone Warwick Balfour Group Plc; Multimedia Trustees Limited; Purple Capital Limited RM Auctions, Inc.; Sage Group Limited; Sage Life Limited; Sage Unit Trusts Limited; Shawford Park Polo Limited; and The Dell Limited.

 
There are no further disclosures required to be made pursuant to Rule 17 and Schedule 2 - paragraph (g) of the AIM Rules for companies in relation to Brian Myerson.

For further information, contact details are:

Kevin Oppenheim

Chief Executive Officer

Principle Capital Sirius Real Estate Asset Management Limited

Tel. [phone]

Tim Robertson/Catherine Maitland

Cardew Group

Tel: [phone]

 

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