(Alliance News) - Fragrant Prosperity Holdings Ltd said Monday it has appointed Craig Marshak as chair and Richard Samuel as non-executive director of the company.
The company said Marshak has a track record of over twenty years of investment banking experience at bulge bracket firms including Schroders PLC and Nomura Securities Inc, where he was responsible for managing a USD300 million principal investment and merchant banking fund focusing on growth and technology companies.
The company has also appointed Richard Samuel as non-executive director. Samuel's previous roles include senior executive positions at leading European financial institutions, including Alcentra Ltd, Intermediate Capital Group PLC and Deutsche Bank/Morgan Grenfell.
The company also said that Executive Director Robin Rice has resigned from the board with immediate effect to make way for the newly appointed directors and to focus on other business interests.
Fragrant Prosperity Holdings also announced it has issued convertible loan notes raising gross cash proceeds of GBP210,000, in order to fund general working capital purposes and to continue its chosen strategy of seeking suitable acquisition targets and - or investments.
Fragrant Prosperity Holdings shares were untraded in London on Monday, last traded at 1.85 pence each.
By Loreta Juodagalvyte; loretajuodagalvyte@alliancenews.com
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Fragrant Prosp. (FPP)