19th Oct 2007 15:24
Black Sea Property Fund Limited19 October 2007 For Immediate Release 19 October 2007 THE BLACK SEA PROPERTY FUND LIMITED (THE "FUND") BOARD CHANGES Further to its announcement on 12 October 2007, the Fund confirms that theappointments of John Chapman, Antony Gardner-Hillman, Andrey Kruglykhin andAngelo Moskov, and the resignations of Melville Trimble and Roger Maddock, asdirectors of the Fund became effective today. Mr Chapman, 51, is a lawyer and Chartered Financial Analyst. He is currently aDirector of Central Asia Regional Growth Fund plc, an investment fund based inIreland. He specialises in working with investment funds and, in the last twelveyears, he has worked in much of emerging Europe and central Asia. Mr Chapman isa consultant to QVT Financial LP. Mr Gardner-Hillman, 51, is a founding shareholder and the Non-Executive Chairmanof the JTC Group. He was a partner of Crills, a Jersey law firm until 2002, anda Jersey resident partner of Holman Fenwick & Willan (Jersey Partnership) untilDecember 2003. He is a solicitor of the Supreme Court of England and Wales and amember of the Law Society of England and Wales. Mr Kruglykhin, 34, Mr. Kruglykhin is a financial consultant. He holds a PhD ineconomics from the Russian State University of Oil and Gas and was the CEO withPetrol Holdings AD, a Bulgarian energy company. He is a native Russian, fluentEnglish and Bulgarian speaker. Mr Kruglykhin is a consultant to QVT Financial LP Mr Moskov, 40, Mr. Moskov is a partner with QVT Financial LLP, an investmentfund with offices in London and New York. He is a portfolio manager specialisingin emerging Europe and holds an MBA from the University of Chicago. He is anative Bulgarian and fluent English speaker. Save as set out in the notes to this announcement, there is no informationspecified by paragraph (g) in Schedule Two to the AIM Rules that requires to bedisclosed. Enquiries Development Capital Management 020 7355 7600Roger HornettAndrew Mitchell Buchanan Communications 020 7466 5000Charles RylandIsabel Podda Numis Securities Limited 020 7260 1000Charles Farquhar Notes John David ChapmanCurrent directorships and partnerships: Central Asia Regional Growth Fund plcand the Ottoman Fund Limited. Previous directorships and partnerships in last 5 years: Kazakhstan InvestmentFund Limited, Romania Investment Fund Limited, Ukraine Fund Limited and MomentumEnergy International Inc. Andrey Valeravitch KruglykhinCurrent directorships and partnerships: Flamingo International SA. Previous directorships and partnerships in last 5 years: Petrol Holding AD,Teron EOOD, Naftex Petrol AD, Finex AD, KZU AD, Naftex Fast Food AD, TranscardAD, Jurex Consult AD. Angelo Radostinov MoskovCurrent directorships and partnerships: Central Asia Growth Fund, R.C.P Fund.Previous directorships and partnerships in last 5 years: None. Antony Royston Gardner-Hillman Current directorships and partnerships: Jersey Trust Company Limited, JTCTrustees Limited, JTC Securities Limited, JTC Management Limited, JTC CorporateServices Limited, JTC Properties (Elizabeth House) Limited, Hillman FinancialManagement Limited, Brierley Hill Limited, JTC Group Limited, Ark Limited, JTCHoldings Limited, JTC Fund Services limited, Hillman Properties Limited, JTCTrustees (Frontier) Limited, Duration Holdings Limited, Kingsbridge CapitalLimited, Euroknights Asset Management Limited, Euroknights Asset Management IVLimited and Euroknights Asset Management V Limited. Previous directorships and partnerships in last 5 years: CET (Marketing)Limited, Abbotsham Limited, Parsley Holdings Limited, Berkely Limited, PhoenixFilms Limited, Equiby Limited, xGlobal Preservation Inc., Ozonator Limited,Revaro Limited, Linthor Holdings Limited, Minotaur Films Limited, Telmil(Yeovil) Limited, Ravensbeck Investments Limited, Cutland Enterprises Limited,Quintus Management Limited, Rachelly Investments Limited, Samarkand FilmsLimited, Quintus Consultants Limited, JTC (BVI) Limited, Heathcote HoldingsLimited, Westside & City Holdings Limited, JTC Trustees (BVI) Limited, JTCCorporate Services (BVI) Limited, JTC Directors (BVI) Limited, InvereskConsulting Limited, Blue Ribbon Asset Management Limited, Watermark (Ecosse)Limited, CET Capital Limited, Blue Swan Insurance (Jersey) Limited (inliquidation), Fergana Holdings Limited, Coatbridge Retail Limited, ExchangeHouse Management Limited, JTC (UK) Limited, JTC Trustees (UK) Limited, JTCCorporate Services (UK) Limited, NPC Limited, Brian Hill Haulage & Plant HireLimited, Brian Hill Quarries Limited, Bott Lane Properties Limited, UBS CapitalAmericas South Limited, Dr Pooter Limited, Zamora Limited, Whitecote Limited,Watermark NL Limited, Watermark Holdings Limited, Warwick Square Limited, TepcoUK Limited, Arrowhead Holdings Limited, Securitised Instantly RepackagedPerpetuals Limited, Silver Reef Properties Limited, Shalot Properties Limited,Ringland Properties Limited, Raneen Properties Limited, Perceptive HoldingsLimited, Peak Development Limited, Newman Street Investments Limited, MidlinProperties Limited, Liquid Petroleum Gas Development Limited, Ioanna ShippingLimited, Hong Kong Mortgage Financing Limited, Firefly Limited, EsplanadeProperty Services Limited, Creake Limited, Corston Holdings Limited, ClearwoodInvestments Limited, Certain Funding Limited, Emory Properties Limited, CamroseProperties Limited, CET (New Europe) Limited, Beast Shipping Limited, BathHoldings Limited, Barnwood Properties Limited, Balzac Consultants NorthernEurope Limited, Austra Corp, Alligator Investments Limited, Amedis CommercialFinance Limited, Irongame Holdings Limited, Worldwide Music Corporation,Scaramouche Investments Limited, Caribe Entertainment Limited, WokingParticipation Limited, Cheval Noir Investments Limited, Cantel InvestmentsLimited, DNA Holdings Limited, Sea Freedom Limited, Ammar Holdings Limited,April Point Properties Limited, Jalta S.A., Jive Shipping Limited, TAJRVLIMITED, Gloucester Estates (Holdings) Limited, Gloucester Estates (Landsberger)Limited, Gloucester Estates (Wandsbeker) Limited, Ming Holdings Limited, CarminInvest SA, Egyptinvest One Limited, Visser Investments 1999 Limited, VanReijendam Investments Limited, Yosemite Securities Company Limited, WicketsInvestments Limited, Baligay Limited, MasterSearch Management ConsultantsLimited, M & A International Investments Holdings Inc, Avalanche InvestmentsLimited, Victoria Services Inc, Cadenza International Limited, Peregrine FinadLimited, Newport Holdings Limited, Exchange Place Limited, SES Limited, ShowmaxxRights Limited, Interport Limited, UK & European Investments (Chiswick) Limited,Bespoke Investments Limited, Hudson Investment Holdings Limited, Ezyrik HoldingsLimited, Alborada Limited, Tanlan Limited, Stark Equities Limited, First CanaryLimited, UK & European Investments (Redhill) Limited, Tic Toc Films Limited,Chakalak Limited, Fernando Holdings Limited, Cuvette Investments Limited, DCLWConsulting Limited, MFF Leasing Limited, Chantelys Investments Limited, VolosLimited, Optimate Holdings Limited, Tabreed Project Finance One Limited, LincolnInvestments Limited, UK & European Investments (Bristol) Limited, BW InvestmentsLimited, Premier Asset Collateralized Entity Limited, Commerzbank InternationalTrust (Jersey) Limited, WPFP Management Limited, Sauluna Invest Holding Limited,Pincon Investments Limited, Coral International Resources Inc, Sherwood FilmsLimited, Polaris Investment Holdings Limited, Altiplano II Finance Limited,CREEC (Bedford) Limited, Corporate Real Estate Equity Capital Limited, KarvelenLimited, CMS Holdings Limited, MFB Films Limited, CEDCO Enterprises Limited,Quadroon Holdings Limited, Zingala Investments Limited, Land Project andDevelopment Limited, Mithras Holdings Limited, Zingala 2 Investments Limited,Knoxville Finance Limited, Thiyan Investments Limited, Curzon Two Limited,Curzon Three Limited, Fitzpain Limited, Ellisfield Investments Limited, AragroveInvestments Limited, Phoenix Films Limited, Loxley Films Limited, WorldNetCapital Management Limited, Root Holdings Limited, Amirati Investments Limited,MHL Investments Limited, Cadenza Management Limited, SugarInvest Limited, HaikuReleasing Limited, Borric Properties Limited, BrightWater Enterprises Limited,BrightWater Aquatics Limited, CBW Investments Limited, Balmaha InvestmentsLimited, Morris Holdings Limited, Enzo Properties Limited, Tungsten GroupLimited, Modena Cars Limited, Zebedhee Properties Limited, Minotaur FilmsLimited, Antalis US Funding Corp., Michellisa Properties Limited, GFF Limited,FBL Consulting Limited, Corsaire Limited, Convergence Aviation Limited, EuropeanFinancial Partners Limited, Linden Heights Limited, Bannerman (Capital) Limited,Shorething Limited, Hernando Investments Limited, Holcroft Limited, DeclaronTrustee Limited, Highgrove Trustee Limited, Moorhurst International InvestmentsLimited., Terrace Hill (Awdry) Limited, Aragrove Investment (Shawlands) Limited,Rosery Estates Limited, Mint Green One Limited, Glow-Worm Properties Limited,Tungsten Group (2) Limited, Vesuvius Investment Hldgs Limited, Chester TerraceLimited, Sabot Investments Limited, The Ludwig Wittgenstein Asset CompanyLimited, Glenview Property Hldgs Limited, Whitlow Holdings Limited, NorrismountHoldings Limited, Strazo Investments Limited, 55 OBS 1 Limited, 55 OBS 2Limited, Crumpton Hill Properties Limited, Savior Faire Properties Limited,ERRAF (GP) Limited, Ashes Property Limited, Etna Range Limited, CockerelInternational Investments Limited, Infinite End Limited, Flintstone FinanceLimited, Sandford Farm Properties Limited, Global Foundation Holdings Limited,Global Residential Properties Limited, Global Residential Developments Limited,Lowndes Lodge Limited, Connaught House Limited, 5-7 Yeoman's Row Limited, DitcoVehicles Limited, Chalk Hill Holdings Limited, Trans-Baltica Container LineLimited, SDH Trustee One Limited, SDH Trustee Two Limited, Allegretto Limited,Cherry Tree Trustee One Limited, Cherry Tree Trustee Two Limited, RochesProperties Limited, 14 Yeomans Row Limited, Two Orchards Properties Limited,Mayfair Mezzanine Limited, Draco Maidenhead Limited, Draco Southampton Limited,Blue Diamond Management Limited, Swan & Drake 1 Limited, Swan & Drake 2 Limited,Draco Herbrand Limited, MSF Leasing Limited, Basildon Trustee 1 Limited,Basildon Trustee 2 Limited, Jessop Avenue Trustee 1 Limited, Jessop AvenueTrustee 2 Limited, Ringwood Road Trustee 1 Limited, Ringwood Road Trustee 2Limited, Weedon Road Trustee 1 Limited, Weedon Road Trustee 2 Limited, MonkswoodWay Trustee 1 Limited, Monkswood Way Trustee 2 Limited, M A Street Trustee 1Limited, M A Street Trustee 2 Limited, Eden Street Trustee 1 Limited, EdenStreet Trustee 2 Limited, Fern Trustee 1 Limited, Fern Trustee 2 Limited,Manolete Limited, Precious Films Limited, Investors In Arabia Limited, LubaPrimitive Limited, MRD Limited, Hero Football Fund Limited, 12a Yeomans RowLimited, Numology Limited, Karibu Limited, Alpheus Limited, Saville Real EstatesLimited, Humber Land (Grimsby) Trustee One Limited, Humber Land (Grimsby)Trustee Two Limited, Draco (St.Andrews) Limited, Pinnata Limited, TaunusConsultants Limited, Uchida S.A., 9 Yeomans Row Limited, Lateen Limited, DracoKings Chase Limited, MSF Shipping Limited, Lakeshore Entertainment Group JerseyLimited, Yeomans Residential Limited, Worton Grange Industrial Limited, EatonTrustee Limited, Global Sea Trade Limited, Commercial Property ManagementLimited, MBR Limited, Wharf Land Investments (Jersey) Limited, Premier AssetCollateralized Entity LLC, DBG Development Capital Eastern Europe Limited,Logitech (Jersey) Limited, UBS Capital Jersey Corporation I Limited, UBS CapitalAmericas Cayman, Limited, City Pavillion Limited, Capricorn Capital PropertiesLimited, UBS Capital Americas North Limited, Fabian Romania Limited, Axis Sports& Entertainment Limited Liquidations: In April 2006 Blue Swan Insurance (Jersey) Limited, a company of which Anthonywas a director was placed into voluntary receivership. The company closed to newbusiness on 17th February 2004 as it was experiencing serious financialdifficulties which the directors of the company established was caused bypremium income being diverted away from the company without their knowledge orconsent. Legal proceedings were instigated in the UK by the directors forrecovery of the missing premium income which is still ongoing. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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