GOOD NEWS18 Apr 2017 09:36
For Companies
NEX Exchange Benefits
Join NEX Exchange
For Investors
Members & Partners
News and Events
Resources
About us
Contact Us
Back to all announcements
DJ Forbes Ventures Plc Directorate Change
TIDMFOR
11 April 2017
Forbes Ventures
("Forbes" or the "Company")
Appointment of Mr. Chris Bateman as Director and Chief Executive Officer
Forbes Ventures announces that the Board has appointed Mr. Chris Bateman as
Director and Chief Executive Officer of the Company with immediate effect.
Mr. Bateman, aged 43, is a non-executive Director of AIM-Listed K&C REIT Plc, a
real estate investment trust focussed on the residential housing market in the
UK. He is the Founder and CEO of UK-based Gravity Investment Group Ltd.
("Gravity"). Gravity currently owns and manages multiple trading companies,
with over 20 subsidiaries in sectors including 5-star resorts in emerging
markets, UK-based social and healthcare providers (with associated training and
education), property development, travel and financial services, commercial
lending, investment distribution, asset and fund management and web-based
technologies. He is the Founder and CEO of Primus Healthcare Plc, a UK-based
provider of residential and domiciliary care with specific emphasis on dementia
and child care and associated training. He is the Founder and CEO of Imperial
World Resorts Plc, a UK-based international owner/developer of 5-star luxury
resorts and hotels, with geographic concentration in Europe, the Indian Ocean
and Caribbean. He is also the Founder and CEO of IWR Indian Ocean Ltd., a
luxury resort owner/developer in Sri Lanka.
Mr. Bateman, through his ownership of Gravity Investment Group Ltd., is the
majority shareholder of Forbes Ventures. As per the Company's announcement of
13th February 2017, Gravity holds 209,166,166 shares or 62.14% of the issued
share capital in the Company.
Mr. Peter Moss, Forbes Chairman commented, "I am pleased to welcome Chris to
the Board of Forbes Ventures. Over the last 20 years, he has a fine record of
accomplishment as an investor and developer across a range of diversified
property investments and related fields. Additionally, Gravity and its
associated partners around the world have a significant pipeline of development
assets, specifically in the development and ownership of luxury leisure
properties and hotels. Forbes plans to make investments in those developments
where it sees a sharply defined timeframe for returns to shareholders. It is
the intention of the Board to seek timely exits for those investments by trade
sale or IPO on Senior Exchanges, whether it be by individual assets or Forbes
Ventures as a whole".
The Directors of the Company accept responsibility for the content