Directorate Change

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Arricano Real Estate Plc (ARO) 
Directorate Change 
 
10-Aug-2017 / 14:41 GMT/BST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
          10 August 2017 
 
     Arricano Real Estate plc 
 
     ("Arricano" or the "Company") 
 
     Directorate Change 
 
          Arricano (AIM: ARO) announces the appointment of Mr Jüri Põld as a 
Non-executive Director, with immediate effect. Mr Põld is being appointed to 
       the Board of Arricano pursuant to the existing relationship agreement 
         between the Company and Retail Real Estate OÜ ("RRE OÜ"). 
 
    Mr Põld is a construction and development professional with more than 20 
years of experience working for European property and development companies. 
  He graduated from the Estonian Agricultural University as a civil engineer 
 in 1991. He started his professional career in 1990 as a project manager in 
  Russia. In 1997 he joined Skanska, a world leading project development and 
    construction group based in Sweden where he worked on the development of 
         several infrastructural nationwide projects in Finland and Estonia. 
 
       In 2007 Mr Pold joined Expert Capital Management OU as a construction 
 director where he played an active role in the expansion and development of 
    shopping malls in Ukraine. Between 2007 and 2009, Mr Pold in cooperation 
        with a team of international professionals engaged by Expert Capital 
      Management OU worked on commercial real estate projects in Ukraine and 
    Estonia. As a result, Sun Gallery Shopping and Entertainment Center, the 
  prime shopping and leisure venue owned by Arricano in Kryvyi Rih, Ukraine, 
          was opened in 2008. 
 
  In 2013 Mr Põld continued his career as a consultant, where his competence 
     in construction and investment supported various companies' development 
          strategies. 
 
Commenting on the appointment, Mykhailo Merkulov, CEO, said, "I am delighted 
       to welcome Jüri to the Board, he will provide valuable input into the 
 Company's strategic development and expansion and I look forward to working 
          closely with him." 
 
   The directorships and partnerships currently held by Mr Põld and over the 
          five years preceding the date of appointment are as follows: 
 
Mr Jüri Põld (formerly Mr Jüri Kosarev), aged 50 
 
Current                         Previous 
directorships/partnerships      directorships/partnerships 
Porto Franco OÜ            None 
 
Sigma Real Estate Limited 
 
There are no further disclosures to be made pursuant to Schedule 2 paragraph 
          (g) of the AIM Rules. 
 
Mr Põld holds 7,296,137 ordinary shares in the Company representing 7.07 per 
          cent. of the Company's issued share capital. 
 
For further information please contact: 
 
CEO:                                      Tel: [phone] 
 
Arricano Real Estate plc 
 
Mykhailo Merkulov 
 
Financial PR: 
 
Novella Communications Limited            Tel: [phone] 
                                          7008 
 
Tim Robertson/Toby Andrews 
 
Nominated Adviser and Joint Broker: 
 
Smith & Williamson Corporate Finance      Tel: [phone] 
Limited                                   4000 
 
Azhic Basirov 
 
Joint Broker: 
 
Whitman Howard Limited                    Tel: [phone] 
                                          4555 
 
Ranald McGregor-Smith 
 
Language:      English 
ISIN:          CY0102941610 
Category Code: MSCH 
TIDM:          ARO 
LEI Code:      213800F8AMPULEKXFX22 
Sequence No.:  4519 
 
End of Announcement EQS News Service 
 
600639 10-Aug-2017 
 
 

(END) Dow Jones Newswires

August 10, 2017 09:42 ET (13:42 GMT)