RNS Number : 1452V

Origo Partners PLC

31 October 2017

31 October 2017

Origo Partners plc

("Origo" or the "Company")

Directorate Changes

Origo is pleased to announce the appointment of Mr. Philip Scales and Mr. John Chapman as non-executive directors of the Company with immediate effect.  

Mr. Chapman has been appointed as a director of the Company following a nomination by the Company's largest redeemable preference shareholder, Brooks Macdonald Asset Management Limited, pursuant to article 74 of the Company's articles of association.

The Company also announces that Shonaid Jemmett-Page and Lionel de Saint-Exupery have resigned as directors of the Company with immediate effect.  As a result, the Board now comprises Philip Scales, Hiroshi Funaki, John Chapman and Niklas Ponnert.

John Chapman is an experienced investment company director with significant experience in managing and advising investment companies in many emerging and developed markets. Mr. Chapman is a member of the New York State Bar and holds the Chartered Financial Analyst (CFA) credential.

Philip Scales has over 38 years' experience working in offshore corporate, trust, and third party administration.  For 18 years, he was Managing Director of Barings Isle of Man (subsequently to become Northern Trust) where he specialised in establishing offshore fund structures, latterly in the closed-ended arena (both listed and unlisted entities). Mr. Scales subsequently co-founded IOMA Fund and Investment Management Limited (now named FIM Capital Limited) where he is a Deputy Chairman. He is a Fellow of the Institute of Chartered Secretaries and Administrators and holds a number of directorships of listed companies and collective investment schemes.

The Board would like to thank Shonaid Jemmett-Page and Lionel de Saint-Exupery for their service on behalf of the Company.

The directorships and partnerships currently held by Mr. Chapman and Mr. Scales and over the five years preceding the date of appointment are as follows:

Mr. John David Chapman, aged 61

Current directorships/partnerships	Previous directorships/partnerships
Naxs AB	Black Sea Property Fund Ltd
Naxs AS	Hirco plc (1)
Ottoman Fund Ltd
Osmanli Yapi 1 İnşaat Turizm Sanayi ve Ticaret Anonim Şirketi
Osmanli Yapi 2 İnşaat Turizm Sanayi ve Ticaret Anonim Şirketi
Mandalina Yapı İnşaat Turizm Sanayi ve Ticaret A.S.
Eski Büyükdere Cad. No.14 Park Plaza Kat. 4 Maslak Sarıyer İstanbul
South African Properties plc
Trinity Capital plc

1.   Mr. Chapman became a director of Hirco plc on 20 May 2011. Following an adverse costs order against Hirco plc, Hirco plc asked the Isle of Man court to appoint a liquidator because Hirco plc did not have sufficient liquidity to continue as a going concern. On 10 October 2016 the Isle of Man court appointed a liquidator and Hirco plc was placed into creditors' voluntary liquidation. Mr. Chapman resigned as a director of Hirco plc on 10 October 2016.

Mr Philip Peter Scales, aged 67

Current directorships/partnerships	Previous directorships/partnerships
A&M Overseas Limited	ACE (Four) Limited
Argo Distressed Credit Fund Limited	ACE (One) Limited
Arricano Real Estate plc	ACE (Three) Limited
Atlal Limited	ACE (Two) Limited
Chip (Five) Limited	ACE Hartlepool Retail Limited
Chip (Four) Limited	ACE Peterborough Limited
Chip (Ipswich) One Limited	ACE Reading Limited
Chip (Ipswich) Two Limited	ACE Winchester Limited
Chip (One) Limited	Active Commercial Estates plc
Chip (Seven) Limited	Adams plc
Chip (Three) Limited	Aggregated Micro Power Limited
Chip (Two) Limited	Astin CEO IOM 2007 Limited
Citvitas Services Limited	Bamboo Investments (Isle of Man) plc
ECM Group NV Limited	Billiter Energy Corporation
Eden Land Opportunity plc Empiric (Framwellgate Durham) Leasing Limited	Birmingham Brindleyplace Capital (General Partner) Limited
Empiric (Framwellgate Durham) Limited Empiric (Glasgow Otago Street) Leasing Limited	Birmingham Brindleyplace Income (General Partner) Limited
Empiric (York George Hudson) Leasing Limited	BMP Resources plc
Empiric (York George Hudson) Limited	Bram Hill Properties Ltd
EPIC Reconstruction Property Company (IOM) Limited	Bram Hill SPV Limited
EPIC Structured Finance Limited	Chip (Six) Limited (2)
European Property Investment Portfolio Limited	Civitas Housing Advisors Limited
Faris Limited	Clean Energy Asia Limited
FIM Capital Limited	CORE Education plc
FIM Nominees Limited	Drewry Limited
FIM Nominees One Limited	EEA (IOM) Limited
FIM Nominees Two Limited	EPIC Finance Company Limited
FIM Directors Limited FIM Secretaries Limited	EPIC Reconstruction Property Company II Limited
First World Hybrid Real Estate plc	Etuno S.r.l.
Frontier Commercial Property Fund plc	Fairdos Limited
Frontier Global Real Estate Fund plc	Financial Holdings Limited
FWRE Holdings Limited	Florasolar S.r.l.
Haiser Limited	Hirco Holdings Limited (3)
FWRE Limited	Hope Street Properties Limited
Glasgow Otago Lane Limited	IOMA Group Holdings Limited
Healthcare & Leisure Property Limited	IOMA Group Operations Limited
Industrial Multi Property Trust plc	IOMA Horizons Limited
IOMA Group Holdings Limited	Isle of Man Assurance Limited
JMS Estates (IOM) Limited	Isle of Man Insurance Management Limited
Marriott Isle of Man Limited	Manxdale Holdings Limited
Paternoster Limited	Patollo
Prime Capital Partners (Property) Limited Qabila	Prime Rate Cash Management Funds (Isle of Man) plc
SEIF (IOM) Limited	Property Investment Portfolio plc
SEIF Global Limited	Property Investment Portfolio ISA & PEP plc
SEIF Services Limited	RGP Puglia 1 S.r.l.
Solar Services Italia S.r.l.	Sardinella Limited
Solar Energy Italia 1 S.r.l.	Solar Energy Italia 6 S.r.l.
Sumaco International Limited	TEP Asia Limited
Surya plc	Paternoster Holdings Limited
Tau Capital plc	TEP Trading 1 Limited
TEP (Solar Holdings) Limited	TEP Trading 2 Limited
TEP (Renewables Holding) Limited	Trading Emissions Limited
The Alchemy Funds (Bermuda) Ltd	Treveria Asset Management Limited
The Broader European Investment Fund plc
The Golden Jubilee Trust
The Spitfire Funds (Bermuda) Ltd
Trading Emissions (Isle of Man) Limited
Trading Emissions plc
VietNam Holding Limited

2.  Chip (Six) Limited was put into creditors' voluntary liquidation in May 2012. Mr. Scales resigned as  a director of Chip (Six) Limited on 26 April 2012.

3.  Hirco Holdings Limited was a subsidiary of Hirco plc. On 10 October 2016, the Isle of Man court appointed a liquidator and Hirco plc was placed into creditors' voluntary liquidation. Hirco Holdings Limited went into members' voluntary liquidation in October 2016. Philp Scales resigned as a director of Hirco Holdings Limited on 26 August 2016.

For further information about Origo please visit www.origoplc.com or contact: 

Origo Partners plc Niklas Ponnert	niklas@origoplc.com
Nominated Adviser  and Broker Smith & Williamson Corporate Finance Limited Azhic Basirov Ben Jeynes	+44 (0)20 7131 4000
Public Relations Aura Financial Andy Mills	+44 (0)20 7321 0000

This information is provided by RNS

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