Information  X 
Enter a valid email address

AFI Development PLC (AFRB)

  Print      Mail a friend       Annual reports

Thursday 30 August, 2018

AFI Development PLC

CHANGES IN THE BOARD OF DIRECTORS

RNS Number : 1856Z
AFI Development PLC
30 August 2018
 

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION

IN OR INTO THE RUSSIAN FEDERATION, THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN

 

 

AFI DEVELOPMENT PLC

("AFI DEVELOPMENT" OR "THE COMPANY")

 

               

CHANGES IN THE BOARD OF DIRECTORS AND NOTIFICATION OF APPOINTMENT OF A NEW DIRECTOR

 

 

London, 30 August 2017 - AFI Development announces that its Board of Directors has accepted the resignation of Mr Lev Leviev from the position of Executive Chairman of the Company effective 31st August 2018.

 

The Board has appointed Mr David Tahan as Non-executive Chairman of the Company effective from 1st September 2018. The Board has also appointed Mr Mark Groysman as an Executive Director effective from 1st September 2018. Mr Groysman will serve as a Board member for an interim period until a new Board member has been appointed.

 

Mr Mark Groysman leads the Russian operations of AFI Development in the capacity of CEO of AFI RUS LLC, the main operating subsidiary of the Company. Mr Groysman was an executive member of the Board of AFI Development between 2012 and 2016.

 

Mr Groysman does not hold other directorship positions in publicly quoted companies and has not held such positions in the previous five years, except for serving as executive director in the Company.  He has no unspent convictions in relation to indictable offences. Mr Groysman has not (i)  whilst a director, or within 12 months preceding such events, been associated with any receiverships, compulsory liquidations, creditors voluntary liquidations, administrations, company voluntary arrangements or any composition or arrangement with its creditors generally or any class of its creditors of any company whilst acting as  an executive director; (ii)   whilst a partner, or within 12 months preceding such events, been associated with any compulsory liquidations, administrations or partnership voluntary arrangements of any partnerships whilst acting as a partner; (iii)  whilst a director, or within 12 months preceding such events, held assets which have been the subject of a receivership; (iv)  whilst a partner, or within 12 months preceding such events, been partner of any partnership preceding any receivership of the assets of such partnership; (iv)   been declared bankrupt or entered into any individual voluntary arrangements; (v) been subject to any public incrimination and/or sanction by statutory or regulatory authorities (including designated professional bodies); or (vi) been disqualified by a court from acting as a member of the administrative, management or supervisory body of any company or from acting in the management or conduct of the affairs of any company.

 

 

- ENDS -

 

For further information, please contact:

 

AFI Development, +7 495 796 9988

Ilya Kutnov 

 

Citigate Dewe Rogerson, London +44 20 7638 9571

Sandra Novakov

Lucy Eyles

About AFI Development

 

Established in 2001, AFI Development is one of the leading real estate development companies operating in Russia. AFI Development is listed on the Main Market of the London Stock Exchange and aims to deliver shareholder value through a commitment to innovation and continuous project development, coupled with the highest standards of design, construction and quality and customer service.

 

AFI Development focuses on developing and redeveloping high quality commercial and residential real estate assets across Russia, with Moscow being its main market. The Company's existing portfolio comprises commercial projects focused on offices, shopping centers, hotels and mixed-use properties, and residential projects. AFI Development's strategy is to sell the residential properties it develops and to either lease the commercial properties or sell them for a favorable return.

 

AFI Development is a leading force in urban regeneration, breathing new life into city squares and neighborhoods and transforming congested and underdeveloped areas into thriving new communities. The Company's long-term, large-scale regeneration and city infrastructure projects establish the necessary groundwork for the successful launch of commercial and residential properties, providing a strong base for future.

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
BOAFKCDQPBKDFFB

a d v e r t i s e m e n t