23rd Apr 2009 15:31
Dragon - Ukrainian Properties & Development plc
(the 'Company')
APPOINTMENT OF DIRECTOR
Dragon - Ukrainian Properties & Development Plc, one of the largest AIM-listed real estate investment companies focused on investments in Ukraine, is delighted to announce that Mr. Rafaël Biosse Duplan has joined Company's Board as a Non-executive Director, effective from 10 February 2009.
Mr. Biosse Duplan (41) is currently a partner at emerging market fund management company, Finisterre Capital LLP. Prior to joining Finisterre in February 2005, Mr. Biosse Duplan was a Managing Director and head of the Emerging Markets Group for Lehman Brothers in London. Mr. Biosse Duplan joined Lehman Brothers in 2003, after 12 years with Salomon Brothers (subsequently Citigroup Global Markets). Between 2000 and 2003, he co-ran Emerging Markets origination in London, focusing on Europe, Middle East and Africa. Previously, Mr. Biosse Duplan traded and structured Emerging Market debt at Salomon Brothers/Citigroup for 9 years, holding by 1999 a global risk management supervisory function for Emerging Market Distressed Debt and concentrating on credit intensive situations in Russia and Asia. Mr. Biosse Duplan is a graduate from the ESCP Grande École and holds an M.P.A. from the Kennedy School of Government in Harvard.
Finisterre Capital LLP is the investment adviser to Finisterre funds which hold together 10.72% of the Company's share capital.
The Company is pleased to welcome such an experienced professional to its Board and looks forward to drawing on his expertise and business acumen.
For further information, please contact:
Dragon-Ukrainian Properties & Development Plc (www.dragon-upd.com)
Tomas Fiala
+380 44 490 7120
Dragon Capital Partners Limited
Chris Kamtsios: + 380 44 490 7120
KBC Peel Hunt Ltd (Nominated Adviser and Broker)
Capel Irwin: + 44 20 7418 8900
Daniel Harris
Appendix
In addition to Finisterre Capital LLP, Mr Biosse Duplan is currently a partner of Ingenious Film Partnership II, UK and Rabbit Fever Production, UK.
Mr Biosse Duplan has no other directorships and the Company confirms that no other directorships are required to be disclosed in respect of Mr. Biosse Duplan under paragraph (g) of Schedule 2 of the AIM Rules.
Related Shares:
DUPD.L