18th Jan 2010 11:03
Treveria plc
("Treveria" or the "Group")
18 January 2010
Appointment of new non executive chairman and director
Treveria plc (AIM: TRV), the German retail focused real estate investment company, announces that it has appointed Josef Raucher as non executive chairman and Jeffrey Strong as non executive director, with immediate effect.
Mr Raucher replaces Christopher Lovell, the interim chairman, who remains a Board director.
Yossi Raucher (38) is an analyst at Weiss Capital LLC. Before joining Weiss, Mr Raucher worked for five years at McKinsey & Company in its Private Equity and Financial Institutions Practices, where he advised multinational companies on international strategy development, operations and investment due diligence. He has an MBA from Columbia Business School, as well as an LLB in Law and a Bachelors degree in Accounting from Tel Aviv University. He currently serves on the board of directors of Clean Energy Brazil, which is quoted on the AIM market of the London Stock Exchange.
Jeffrey Strong (32) is a senior investment professional at QVT Financial LP, focusing primarily on global special situations. Previously, from 2001 until 2005 he was an analyst at Shenkman Capital Management, focusing on high yield bond investments. Mr. Strong has an M.B.A. from the College of William & Mary, a bachelors degree from the University of Missouri and is a CFA charterholder member. Mr. Strong currently serves as a director of Texas Petrochemicals Incorporated and is a member of the Nomination Committee for Scandinavian Property Development.
Following these Board appointments, The Company has been notified that QVT Financial LP, which requisitioned the EGM scheduled for 20 January 2010, no longer intends to vote in favour of the resolutions put forward. Accordingly, the directors intend at the EGM to adjourn it indefinitely without putting the resolutions to shareholders.
Christopher Lovell, non executive director, said:
"I look forward to working with both Yossi and Jeffrey as the Board continues its focus on delivering value for all our shareholders."
Save as set out above and in the further information below, there is no information specified by paragraph (g) in Schedule Two to the AIM Rules that is required to be disclosed.
Enquiries:
|
Treveria Asset Management Limited Michael Neubuerger / Lars Mohn |
+44 (0)20 7960 6525 |
|
Numis Securities Limited (NOMAD to the Company) Nick Westlake / Hugh Jonathan |
+44 (0)20 7260 1000 |
|
Financial Dynamics Richard Sunderland / Laurence Jones |
+44 (0)20 7831 3113 |
Further information
Yossi Raucher
Between 2005 and 2007 Yossi Raucher was a partner of Raucher Management Consulting.
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