13 Mar 2017 18:29
This announcement contains inside information within the meaning of the Market Abuse Regulation (EU) (No 596/2014).
13 March 2017
BCRE - Brack Capital Real Estate Investments N.V.
("BCRE" or the "Company")
Update Directorate Change
Further to the announcement of 6 March 2017, the Company announces that it became aware that Mr. Jan H. van der Meer has informed Brack Capital Properties N.V. ("BCP"), an associate undertaking of the Company whose shares are traded on the Tel Aviv Stock Exchange, that he is willing to stay on the board of directors of BCP until the end of the next annual meeting of BCP.
Furthermore, the Company announces that Mrs. Nansia Koutsou, who serves as a director on the board of directors of BCP as well as the CFO and COO of BCRE, has notified BCP that she intends to resign from her position as a director of BCP and that a letter of resignation will be sent this week. The Company will announce further details when available.
ENQUIRIES:
BCRE - Brack Capital Real Estate Investments N.V. | |
Ariel Podrojski, Chief Executive Officer | |
Nansia Koutsou, Chief Financial Officer / Chief Operating Officer | +31 20 514 1004 |
Novella Communications | |
Tim Robertson | |
Toby Andrews | +44 203 151 7008 |
About BCRE
BCRE is an international real estate development and investment group, headquartered in the Netherlands and listed on the London Stock Exchange. Through its subsidiary and associated undertakings, the Company is interested in, develops and operates an international portfolio of real estate assets, predominantly located in the USA, Germany and Russia.
The Company has established local management team platforms with significant local market expertise in the US, Germany, Russia, India and the UK with exclusive access to over 550 staff. At present, the Company has offices and teams in New York, London, Frankfurt, Düsseldorf, Moscow, Kazan, New Delhi, Amsterdam and Limassol.