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Last checked at 
15 Apr 2013 07:00
Aurora Russia Limited (the "Company")
Director changes
Further to the announcement made on 25 February 2013 the Company announces that with effect from 12 April 2013 Geoffrey Miller and John Whittle have resigned as Non-executive directors of the Company. They have been replaced by Mr Jonathan Bridel and Mr Peregrine Moncreiffe whose appointment to the Board of the Company as non-executive directors, took effect at the same time.
Mr Jonathan Bridel, aged 48, is a British Citizen, resident in Guernsey. He has a number of directorships including Alcentra European Floating Rate Income Fund Limited and Starwood European Real Estate Finance Limited. He has over 28 years international experience in the finance and investment industry and private business. He is a Chartered Accountant, a Chartered Marketer, a Chartered Fellow of the Chartered Institute for Securities & Investment and holds an MBA from Durham University and qualifications from the Australian Institute of Company Directors.
Mr Peregrine Moncreiffe, aged 62, is a British Citizen, resident in Jersey and advises a number of International Investment companies. He is Chairman of North Atlantic Smaller Companies Investment Trust. His other Directorships include funds managed by Metage Capital (which has a holding of 7.21% in the Company). He holds an MA from Oxford University.
Grant Cameron is to remain as a director for the time being.
Jonathan Bridel will Chair the audit committee and sit on the valuation committee, remuneration committee and management engagement committee.
Peregrine Moncreiffe will sit on the remuneration committee and the management engagement committee.
Gilbert Chalk, non-executive Chairman of the Company said: "We are delighted to be welcoming Jonathan Bridel and Peregrine Moncreiffe to the Board. Their professional and other wider Investment experience will be a valuable addition to the Board".
Jonathan Bridel holds, or has held within the five years prior to the date of this announcement the following directorships and partnerships:
Current directorships / Partnerships | Past directorships / Partnerships |
AnaCap Credit Opportunities GP II Limited | Royal Bank Of Canada Investment Management (Guernsey) Limited (which became RBC Investment Solutions CI Limited) |
AnaCap Credit Opportunities II Limited | RBC Offshore Fund Managers Limited |
Altus Global Gold Limited | RBC Fund Services (Jersey) Limited |
Alcentra European Floating Rate Income Fund Limited | RBC Investment Services Limited |
BWE GP Limited | RBC Regent Fund Managers Limited |
Starwood European Real Estate Finance Limited | FTSE UK Commercial Property Index Fund Limited |
Starfin Public GP Limited | GLF (GP) Limited |
MGI (Guernsey) Limited | Rhodium Stone PCC Limited |
Perpetual Global Limited | |
Impax Renewable Power Infrastructure Limited | |
Palio Capital Management Guernsey Limited | |
Palio Capital Founding Partners Limited | |
Peregrine Moncreiffe holds, or has held within the five years prior to the date of this announcement, the following directorships and partnerships:
Current directorships / Partnerships | Past directorships / Partnerships |
Active Earth Investment Management SA | Highland African Mining Limited |
Asian Citrus Holdings Limited | Noventa Plc |
Bridport & Co (Jersey) Limited | Prophet Limited |
Castle European Energy Development Limited | Telecard Limited |
Crendon Industrial | NR Nordic and Russia Properties Limited |
Metage Funds Limited | Metage Special Emerging Markets Fund Limited |
North Atlantic Smaller Companies Investment Trust Plc | |
EnergyO Solutions Russia AB | |
Peregrine Moncreiffe currently owns 962,276 shares in the Company
In December 2005 the SEC Pakistan fined Mr Moncreiffe 10,000 Rupees (approx. £100) for the late filing of accounts by Telecard Ltd, of which Mr Moncreiffe was a non-executive director at the time. Mr Moncreiffe was not informed by Telecard Limited or the SEC. However the fine came to light during a periodic compliance check and Telecard Limited confirmed the fine which it had paid on behalf of Mr Moncreiffe. Mr Moncreiffe subsequently resigned as a director of Telecard Ltd.
The Company confirms that there are no other matters requiring disclosure in relation to Rule 17 and Schedule 2 (g) of the AIM Rules.
For further information please contact:
Numis Securities Limited
Nominated Adviser: Hugh Jonathan +44 (0) 20 7260 1263
Corporate Broking: Rupert Krefting / Nathan Brown +44 (0) 20 7260 1435/1426
Financial Dynamics
Ed Gascoigne-Pees +44 (0) 20 7269 7132
Jack Hickey +44 (0) 20 7269 7196
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