AFI Development PLC AFI Development - Change to the Board of Directors (8250K)
18 December 2018 - 9:32PM
UK Regulatory
TIDMAFRB TIDMAFID
RNS Number : 8250K
AFI Development PLC
18 December 2018
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION
IN OR INTO THE RUSSIAN FEDERATION, THE UNITED STATES, CANADA,
AUSTRALIA OR JAPAN
AFI DEVELOPMENT PLC
("AFI DEVELOPMENT" OR "THE COMPANY")
Changes to the Board of Directors
London, 18 December 2018 - AFI Development announces that on 17
December 2018 its Board of Directors accepted the resignation of Mr
David Tahan from the position of Non-Executive Director and
Chairman, with effect from 1 January 2019.
The Board, at its meeting on 17 December 2018, appointed Mr
Elias Ebrahimpour (Eli Avrahampour) as a Non-Executive Director and
Chairman to replace Mr Tahan, effective from 1 January 2019.
Mr Ebrahimpour is currently an economist and advisor on
corporate finance and private markets to Deloitte LLP in London.
Formerly, he worked as the First Vice President of Meryll Lynch UK
and a Managing Director for Europe, Middle East and Africa at
Citibank UK. Mr Ebrahimpour holds a BA in Economics, Philosophy and
Political Sciences from the Hebrew University in Jerusalem,
Israel.
Mr Ebrahimpour does not hold other directorship positions in
publicly quoted companies and has not held such positions in the
previous five years. He has no unspent convictions in relation to
indictable offences.
There are no further details in respect of Mr Ebrahimpour
requiring disclosure under Listing Rules 9.6.13(2) to 9.6.13(6)
inclusive.
- ENDS -
For further information, please contact:
AFI Development, +7 495 796 9988
Ilya Kutnov
Citigate Dewe Rogerson, London +44 20 7638 9571
Sandra Novakov
Lucy Eyles
About AFI Development
Established in 2001, AFI Development is one of the leading real
estate development companies operating in Russia.
AFI Development is listed on the Main Market of the London Stock
Exchange and aims to deliver shareholder value through a commitment
to innovation and continuous project development, coupled with the
highest standards of design, construction and quality of customer
service.
AFI Development focuses on developing and redeveloping high
quality commercial and residential real estate assets across
Russia, with Moscow being its main market. The Company's existing
portfolio comprises commercial projects focused on offices,
shopping centers, hotels and mixed-use properties, and residential
projects. AFI Development's strategy is to sell the residential
properties it develops and to either lease the commercial
properties or sell them for a favorable return.
AFI Development is a leading force in urban regeneration,
breathing new life into city squares and neighborhoods and
transforming congested and underdeveloped areas into thriving new
communities. The Company's long-term, large-scale regeneration and
city infrastructure projects establish the necessary groundwork for
the successful launch of commercial and residential properties,
providing a strong base for future.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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