Dukemount Capital PLC Directorate Change (9550D)
03 May 2017 - 4:01PM
UK Regulatory
TIDMDKE
RNS Number : 9550D
Dukemount Capital PLC
03 May 2017
Dukemount Capital Plc
(The "Company" or "DKE")
Appointment of Non-Executive Director
Dukemount Capital plc, the London Stock Exchange main board
listed high yield Real Estate and Investment Services Company,
announces that Paul Gazzard has been appointed as a Non-Executive
Director of the Company with immediate effect.
Mr Gazzard is currently a Director of Amur Minerals and joins
the board with over 10 years' experience of working across
investing institutions in the City of London in his previous role
as Fund Manager.
Paul Gazzard worked with the Panmure Gordon Asset Management
team until August 2002, he then transitioned into the commercial
financing sector. Between August 2002 and May 2010, Paul
participated in the listing of clean technology companies on the
AIM market of the London Stock Exchange, operating at the senior
Executive level within each of the companies. Paul subsequently
worked as Chief Operating Officer of Litebulb Group, which was
admitted to AIM in May 2010, overseeing multiple funding rounds and
acquisitions for the company over a period of two years.
Since then Paul has worked as a consultant across various AIM
listed companies, advising on corporate and financing related
matters, in addition to working as an adviser to several high net
worth individuals on specific corporate and management issues
relating to their investment portfolios as well as founding a
number of private companies in the financial Services and other
sectors.
Commenting, Geoffrey G Dart, Chairman said: "We are pleased to
welcome Paul to the Board given his experience working with large
institutions which compliments the many years the current board
have accumulated. His extensive knowledge of the commercial
financing sector will also be a great asset as we continue to
develop our strategic plans for the business."
For further information, please contact:
Dukemount Capital Plc Tel: +44 (0) 7874 762
821
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Timothy Le Druillenec
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Walbrook PR (Media and Tel: +44 (0) 207 933
Investor Enquiries) 8780
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Paul Cornelius / Gary
Middleton
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Optiva Securities Ltd Tel: +44 (0) 203 137
1906
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Christian Dennis - Corporate
Broker
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Jeremy King - Corporate
Broker
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Peterhouse Corporate Tel: +44 (0) 207 469
Finance Ltd 0930
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Duncan Vasey
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Lucy Williams
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Disclosures:
Current Directorships: Amur Minerals Corporation
Mr Gazzard holds 4m ordinary shares in Dukemount Capital
representing 1.18% of the current issued share capital.
There is no other information to be disclosed in connection with
the appointment to Dukemount Capital plc.
Notes to Editors:
Dukemount intends to develop and manage a portfolio of
properties that are sold to some of the World's largest
Institutions on a sale and leaseback basis with long-term
operational tenants such as Housing Associations in the supported
living sector. The rent will be CPI linked where possible to ensure
the Institutions receive sustainable yields over the life of the
property, which can be up to 50 years.
The transactions the Company will complete are expected to be
'back-to-back' transactions where the Company will acquire a
freehold and simultaneously grant long-term head-lease with
leaseback to Institutions. Such financial arrangement would be
immediately profitable due to the differential between the rent
paid to the Company and the rent payable by the Company to the
Institution under the terms of the leaseback.
The properties will create long-term inflation linked cashflows
backed by freehold real estate. Such assets are in high demand by
Institutions due to the stable, recurring and long-term nature of
income.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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