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31 Oct 2017 15:16
31 October 2017
Origo Partners plc
("Origo" or the "Company")
Directorate Changes
Origo is pleased to announce the appointment of Mr. Philip Scales and Mr. John Chapman as non-executive directors of the Company with immediate effect.
Mr. Chapman has been appointed as a director of the Company following a nomination by the Company's largest redeemable preference shareholder, Brooks Macdonald Asset Management Limited, pursuant to article 74 of the Company's articles of association.
The Company also announces that Shonaid Jemmett-Page and Lionel de Saint-Exupery have resigned as directors of the Company with immediate effect. As a result, the Board now comprises Philip Scales, Hiroshi Funaki, John Chapman and Niklas Ponnert.
John Chapman is an experienced investment company director with significant experience in managing and advising investment companies in many emerging and developed markets. Mr. Chapman is a member of the New York State Bar and holds the Chartered Financial Analyst (CFA) credential.
Philip Scales has over 38 years' experience working in offshore corporate, trust, and third party administration. For 18 years, he was Managing Director of Barings Isle of Man (subsequently to become Northern Trust) where he specialised in establishing offshore fund structures, latterly in the closed-ended arena (both listed and unlisted entities). Mr. Scales subsequently co-founded IOMA Fund and Investment Management Limited (now named FIM Capital Limited) where he is a Deputy Chairman. He is a Fellow of the Institute of Chartered Secretaries and Administrators and holds a number of directorships of listed companies and collective investment schemes.
The Board would like to thank Shonaid Jemmett-Page and Lionel de Saint-Exupery for their service on behalf of the Company.
The directorships and partnerships currently held by Mr. Chapman and Mr. Scales and over the five years preceding the date of appointment are as follows:
Mr. John David Chapman, aged 61
Current directorships/partnerships | Previous directorships/partnerships |
Naxs AB | Black Sea Property Fund Ltd |
Naxs AS | Hirco plc (1) |
Ottoman Fund Ltd | |
Osmanli Yapi 1 İnşaat Turizm Sanayi ve Ticaret Anonim Şirketi | |
Osmanli Yapi 2 İnşaat Turizm Sanayi ve Ticaret Anonim Şirketi | |
Mandalina Yapı İnşaat Turizm Sanayi ve Ticaret A.S. | |
Eski Büyükdere Cad. No.14 Park Plaza Kat. 4 Maslak Sarıyer İstanbul | |
South African Properties plc | |
Trinity Capital plc |
1. Mr. Chapman became a director of Hirco plc on 20 May 2011. Following an adverse costs order against Hirco plc, Hirco plc asked the Isle of Man court to appoint a liquidator because Hirco plc did not have sufficient liquidity to continue as a going concern. On 10 October 2016 the Isle of Man court appointed a liquidator and Hirco plc was placed into creditors' voluntary liquidation. Mr. Chapman resigned as a director of Hirco plc on 10 October 2016.
Mr Philip Peter Scales, aged 67
Current directorships/partnerships | Previous directorships/partnerships |
A&M Overseas Limited | ACE (Four) Limited |
Argo Distressed Credit Fund Limited | ACE (One) Limited |
Arricano Real Estate plc | ACE (Three) Limited |
Atlal Limited | ACE (Two) Limited |
Chip (Five) Limited | ACE Hartlepool Retail Limited |
Chip (Four) Limited | ACE Peterborough Limited |
Chip (Ipswich) One Limited | ACE Reading Limited |
Chip (Ipswich) Two Limited | ACE Winchester Limited |
Chip (One) Limited | Active Commercial Estates plc |
Chip (Seven) Limited | Adams plc |
Chip (Three) Limited | Aggregated Micro Power Limited |
Chip (Two) Limited | Astin CEO IOM 2007 Limited |
Citvitas Services Limited | Bamboo Investments (Isle of Man) plc |
ECM Group NV Limited | Billiter Energy Corporation |
Eden Land Opportunity plc Empiric (Framwellgate Durham) Leasing Limited | Birmingham Brindleyplace Capital (General Partner) Limited |
Empiric (Framwellgate Durham) Limited Empiric (Glasgow Otago Street) Leasing Limited | Birmingham Brindleyplace Income (General Partner) Limited |
Empiric (York George Hudson) Leasing Limited | BMP Resources plc |
Empiric (York George Hudson) Limited | Bram Hill Properties Ltd |
EPIC Reconstruction Property Company (IOM) Limited | Bram Hill SPV Limited |
EPIC Structured Finance Limited | Chip (Six) Limited (2) |
European Property Investment Portfolio Limited | Civitas Housing Advisors Limited |
Faris Limited | Clean Energy Asia Limited |
FIM Capital Limited | CORE Education plc |
FIM Nominees Limited | Drewry Limited |
FIM Nominees One Limited | EEA (IOM) Limited |
FIM Nominees Two Limited | EPIC Finance Company Limited |
FIM Directors Limited FIM Secretaries Limited | EPIC Reconstruction Property Company II Limited |
First World Hybrid Real Estate plc | Etuno S.r.l. |
Frontier Commercial Property Fund plc | Fairdos Limited |
Frontier Global Real Estate Fund plc | Financial Holdings Limited |
FWRE Holdings Limited | Florasolar S.r.l. |
Haiser Limited | Hirco Holdings Limited (3) |
FWRE Limited | Hope Street Properties Limited |
Glasgow Otago Lane Limited | IOMA Group Holdings Limited |
Healthcare & Leisure Property Limited | IOMA Group Operations Limited |
Industrial Multi Property Trust plc | IOMA Horizons Limited |
IOMA Group Holdings Limited | Isle of Man Assurance Limited |
JMS Estates (IOM) Limited | Isle of Man Insurance Management Limited |
Marriott Isle of Man Limited | Manxdale Holdings Limited |
Paternoster Limited | Patollo |
Prime Capital Partners (Property) Limited Qabila | Prime Rate Cash Management Funds (Isle of Man) plc |
SEIF (IOM) Limited | Property Investment Portfolio plc |
SEIF Global Limited | Property Investment Portfolio ISA & PEP plc |
SEIF Services Limited | RGP Puglia 1 S.r.l. |
Solar Services Italia S.r.l. | Sardinella Limited |
Solar Energy Italia 1 S.r.l. | Solar Energy Italia 6 S.r.l. |
Sumaco International Limited | TEP Asia Limited |
Surya plc | Paternoster Holdings Limited |
Tau Capital plc | TEP Trading 1 Limited |
TEP (Solar Holdings) Limited | TEP Trading 2 Limited |
TEP (Renewables Holding) Limited | Trading Emissions Limited |
The Alchemy Funds (Bermuda) Ltd | Treveria Asset Management Limited |
The Broader European Investment Fund plc | |
The Golden Jubilee Trust | |
The Spitfire Funds (Bermuda) Ltd | |
Trading Emissions (Isle of Man) Limited | |
Trading Emissions plc | |
VietNam Holding Limited |
2. Chip (Six) Limited was put into creditors' voluntary liquidation in May 2012. Mr. Scales resigned as a director of Chip (Six) Limited on 26 April 2012.
3. Hirco Holdings Limited was a subsidiary of Hirco plc. On 10 October 2016, the Isle of Man court appointed a liquidator and Hirco plc was placed into creditors' voluntary liquidation. Hirco Holdings Limited went into members' voluntary liquidation in October 2016. Philp Scales resigned as a director of Hirco Holdings Limited on 26 August 2016.
For further information about Origo please visit www.origoplc.com or contact:
Origo Partners plc Niklas Ponnert |
niklas@origoplc.com |
Nominated Adviser and Broker Smith & Williamson Corporate Finance Limited Azhic Basirov Ben Jeynes |
+44 (0)20 7131 4000 |
Public Relations Aura Financial Andy Mills |
+44 (0)20 7321 0000 |
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