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Friday 04 June, 2010

Euro-Partners Arb.Fu

Changes to Fund

RNS Number : 1307N
Euro-Partners Arbitrage Fund
04 June 2010
 

COMPANY ANNOUNCEMENT



For Immediate Release

June 4, 2010



EURO-PARTNERS ARBITRAGE FUND, LTD.



RE: Changes to Fund

                                                                                         

 

The Board of Directors (the "Board") of Euro-Partners Arbitrage Fund, Ltd. (the "Fund") wishes to announce the following changes to the Fund:

 

Change in Directors:

With effect from 21 March 2008 Adam Treanor resigned from the Board for business reasons.

 

In addition, Mr. Atanas Salabaschew was appointed to the Board on 24 April 2008.

 

Atanas Salabashew is a French citizen of Bulgarian origin.  Mr. Salabaschew has a 30-year record of successfully founding, managing and investing in businesses in the electronics and high-tech sector.  Since 2004, he has been the founding partner in Solidus S.A. Luxembourg, a Private Equity Corporation.  Prior to found Solidus, Mr. Salabaschew was the owner-CEO of five businesses in the electronics and high tech sector.  Atanas Salabaschew studied electronic engineering in Dresden and Magdeburg (Germany) and has a PhD equivalent in Technical Cybernetics.  He was also responsible for the department of Industrial Applications at ESIEE (Ecole Superieure d'Ingenieurs en Electronique et Electrotechnique) between 1976 and 1978.

A memorandum detailing the names of all the companies and partnerships of which Mr. Salabaschew has been director or partner at any time in the previous five years, together with an indication of whether or not he is still a director or partner, is available for inspection at the office of NCB Stockbrokers Limited, 3 George's Dock, Dublin 1, upon request.

 

Save as disclosed herein, no further information is required to be disclosed in relation to Mr. Salabaschew under the Irish Stock Exchange's listing requirements for investment funds.

 

Change in Management Fee:

 

With effect from 7 July 2008 Wyser-Pratte Management Co., Inc., (the "Investment Manager") receives quarterly, in arrears, a fixed advisory fee at the rate of 0.5% (2% per annum) based on the net asset value of shares owned by each shareholder as of the end of each quarter.

 

The delay in notifying these changes to the Irish Stock Exchange is due to an oversight of an administrative nature.

 

 

Enquiries:




NCB Stockbrokers Limited

Ms Margot McDonagh

Phone: +353 1 611 5907

 

 

 

 

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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