18th Jan 2006 09:11
Asian Citrus Holdings Ltd18 January 2006 Date 18 January 2006 Asian Citrus Holdings Limited ("Asian Citrus" or "the Company") Appointment of Director Asian Citrus announces the appointment of Hon Peregrine David Euan MalcolmMoncreiffe, 54, as a Non-Executive Director of the Company with effect from 1February 2006. Peregrine is currently a non-executive director of Metage CapitalLtd, one of the Company's convertible loan investors. A graduate of Oxford University, Peregrine has spent much of his career ininvestment management and banking in London, New York and East Asia. After tenyears at Credit Suisse First Boston, he became a managing director of LehmanBrothers in New York before helping to found Buchanan Partners, a London basedinvestment company of which he was chief executive. Recently he served aschairman of UA Group, an AIM-listed company, sold last year to Elphinstone Landfor over £50 million. Mr. Tony Tong, Chairman and CEO, commented; "With Peregrine's extensiveexperience in the field of international investment banking and thoroughunderstanding of the capital markets, we believe that he can bring valuableexperience and knowledge to the Company from the perspective of an experiencednon-executive director and investor. The Board of Directors is very much lookingforward to working with Peregrine in order to develop the Company in thefuture". Save as set out in this announcement there is no other information required tobe disclosed under Schedule 2 paragraph (g) of the AIM Rules. Notes to Editors About Hon Peregrine David Euan Malcolm Moncreiffe Peregrine is currently a non-executive director of Metage Capital Ltd. He isalso a Freeman of the City of London, a former Royal Commissioner on Ancient andHistorical Monuments in Scotland and a former Chairman of Scottish Ballet. Current Directorships And Business Interests: 1. Moncreiffe & Co. Plc2. North Atlantic Smaller Companies Investment Trust Plc3. Metage Capital Ltd4. Metage Funds Limited5. Metage Special Emerging Markets Fund Limited (formally known as the Buchanan Special Emerging Markets Fund)6. Denholm Hall Russian Arbitrage Fund7. Telecard Ltd. (Pakistan)8. Oryx Fund Ltd.9. Prophet PLC Past Directorships And Business Interests in the Previous Five Years: 1. UA Group About Asian Citrus Holdings Limited Asian Citrus Holdings Limited is the largest orange plantation owner andoperator in China and has two plantations in the Hepu county of the GuangxiZhuang Autonomous Region and the Xinfeng county of the Jiangxi province ofChina. Its primary goal is to sell quality oranges at an affordable price and inso doing, strengthen its position as a leading, mechanised and industrialisedorange grower and distributor in China. For Further Information Contact: Terry Garrett/ John Moriarty/Helen ThomasWeber Shandwick Square Mile 0207 067 0700 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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