DJ Arricano Real Estate Plc: Directorate
Arricano Real Estate Plc (ARO) Arricano Real Estate Plc: Directorate 01-Dec-2022 / 10:50 GMT/BST Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE UK VERSION OF REGULATION (EU) NO 596/2014 WHICH IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED.
01 December 2022
Arricano Real Estate Plc
(together with its subsidiaries "Arricano")
Directorate
Arricano is pleased to announce the following changes, with immediate effect, to its Board of Directors:
-- The appointment of its Chief Financial Officer ("CFO"), Lauri Reinberg, as Finance Director;
-- The appointment of Michaelis Michael as a Non-Executive Director; and
-- Volodymyr Tymochko, having joined the Board in 2012, has stood down as a Non-Executive Director toconcentrate on his other interests.
Lauri Reinberg, who joined Arricano in October 2017, has over 20 years' experience in financial management in Eastern European markets. Lauri previously served as CFO of Pocopay, a digital banking company based in Estonia, prior to which he held numerous senior finance roles in Swedbank. Between 2007 and 2009, Lauri had served as CFO of Retail Real Estate S.A., Arricano's largest shareholder at that time. Lauri received his Master of Science degree in Business Administration from the Estonian Business School in 2002 and his Bachelor of Science degree from the University of Tartu in 1995.
Michalis Michael has a long professional career in business and audit services, both as a sole practitioner and as a Partner at KPMG Cyprus until his retirement last year. Michalis also has considerable experience in the Ukrainian market having been Chairman of the Cyprus-Ukraine Business Association from 2012, again until last year. Michalis formerly served as a Member of the Board of Directors of the Cyprus Broadcasting Corporation, Chairman of the Board of Directors of the Cyprus Organisation of Land Development and the Cyprus Investment Promotion Agency, a Member of the Committee for the Supervision and Development of Cooperative Societies and a Member of the Board of Directors of The Cyprus University of Technology (2014-2016). Michalis is a Chartered Certified Accountant, a Fellow member of the UK Association of Chartered Certified Accountants (FCCA) and Member of the Institute of Certified Public Accountants of Cyprus, of which he also served as a Member of the Board of Directors.
Ganna Chubotina, CEO of Arricano, said: "We are delighted that Lauri, who has made a significant contribution to Arricano since he joined the Group in 2017, and Michalis, who has much relevant commercial leadership experience, have agreed to join the Board.
"We would also like to take this opportunity to thank Volodymyr for his significant contribution to the progress achieved by Arricano over the last 10 years."
Lauri Reinberg, aged 48, is currently a director of two Estonian companies, Beta Capital OU and Sigma Consulting OU. Michalis Procopiou Michael, aged 65, is currently a director of two Cypriot companies, Shark Investments Limited and Michalis P. Michael Consulting Limited, and was until March 2021 a director of the Cypriot company, KPMG Limited.
There are no further disclosures to be made in either case pursuant to Schedule 2 paragraph (g) of the AIM Rules.
Neither director holds any ordinary shares in the Company.
The person responsible for arranging the release of this announcement on behalf of the Company is Ganna Chubotina, Chief Executive Officer of the Company.
Enquiries:
Arricano Real Estate plc Tel: +357 25 582 535
Ganna Chubotina
Nominated Adviser and Broker: Tel: +44 (0)20 7220 1666
WH Ireland Limited
Chris Fielding
Financial PR: Tel: +44 (0)20 3151 7008
Novella Communications Limited
Tim Robertson
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ISIN: CY0102941610 Category Code: BOA TIDM: ARO LEI Code: 213800F8AMPULEKXFX22 Sequence No.: 205559 EQS News ID: 1503023 End of Announcement EQS News Service =------------------------------------------------------------------------------------
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1503023&application_name=news
(END) Dow Jones Newswires
December 01, 2022 05:50 ET (10:50 GMT)
