Directorate Change

RNS Number : 1351M

Northacre PLC

21 August 2013

 

Northacre PLC

("Northacre" or the "Company")

Appointment of Director

Northacre is pleased to announce the appointment of Mr. Niccolò Barattieri di San Pietro to the board as Chief Executive Officer with effect from 1 September 2013.

Mr. Barattieri has most recently spent over seven years as a Partner at Estate Four, a property development company focused on high-end and luxury projects. Prior to this, Niccolò spent 10 years as a hedge fund manager and trader at Newman Ragazzi, Park Place Capital and Theorma Asset Management. He initially studied at The American University of Paris and subsequently obtained an MBA from Hawaii Pacific University in 1994.

Klas Nilsson, Non-Executive Chairman, commented:

"We are delighted to welcome Niccolò to our Board, we have been particularly impressed by the quality of projects he has delivered in his career. He brings with him a strong blend of relevant skills, experience and an international network which will add value to the executive team. We look forward to working with Niccolò to ensure that Northacre fulfils its full potential."

Enquiries:

Northacre PLC                                                                                                                   Tel: [phone]

Klas Nilsson (Non-Executive Chairman)

Niccolò Barattieri di San Pietro (CEO)

finnCap Ltd                                                                                                                         Tel: [phone]

Stuart Andrews

Henrik Persson

Hudson Sandler Ltd                                                                                                        Tel: [phone]

Michael Sandler

Niccolò Pio Barattieri di San Pietro (age 42) is or has been a director or partner of the following companies or partnerships during the previous 5 years:

Current	Previous
Estate Four Capital LLP	Onda Capital Partners LLP
Estate Four Carried Interest GP Limited
Estate Four GP Limited
Imlay Investments LA
Ferris Investments SA
Holmby Realty Inc
Night Realty Inc
Motilo Limited
OMNE Investments Holdings Limited

Upon his appointment to the board of Northacre on 1 September 2013, Mr. Barattieri di San Pietro will resign from all current positions bar that of Motilo Limited.

There is no further information on Mr. Barattieri di San Pietro required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

 

END

 

 

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