RNS Number : 3621C

Port Erin Biopharma Investments Ltd

15 April 2013



Port Erin Biopharma Investments Limited

("Port Erin" or "the Company")

Changes to the Group's Board

The Board of Port Erin, the AIM listed company focused on investing in the biotechnology and biopharmaceutical sectors, announces that Nicholas Woolard has informed the Board of his decision to stand down as a Non-Executive Director of the Company with immediate effect in order to allow him to focus on other business interests. Nicholas joined the Board in May 2011 prior to the Company's listing in September 2011, and has served on its Audit and Remuneration committees since that date.

The Board further announces the appointment of Alexander Anderson Stuart Whamond as a Non-Executive Director of the Company with immediate effect. Anderson, aged 52, has over 25 years' experience in the banking and financial sector. He began his career in 1983 at White Weld Securities (part of the CSFB group) before joining Salomon Brothers International in London in 1986 and then Morgan Stanley International in 1989 where he was a principal in charge of convertible bond trading. He joined Peregrine Securities International (UK) Limited in 1993, relocating to Hong Kong in 1996 to run the equity trading businesses of Peregrine Investment Holdings Limited and becoming a director of the executive committee of the Peregrine group in 1997. In 1998, Anderson joined the Regent Pacific Group, a Hong Kong listed international emerging markets investments group, as head of corporate investments and relocated to the Isle of Man. He joined the Charlemagne Group in 2002 and was a director of AIM quoted Charlemagne Capital Limited until March 2009. He remains a non-executive director of Charlemagne Capital (IOM) Limited and is also a director of a number of listed and non-listed investment companies.

Anderson Whamond will chair both the Audit and Remuneration committees.

Jim Mellon, Chairman, commented: "Nick has made a very significant contribution to Port Erin. I would like to thank Nick on behalf of the Board for his advice and support and to wish him well for the future. I also have great pleasure in welcoming Anderson to the board, bringing as he does a wealth of experience in the investment arena."

Anderson Whamond's Directorships:-

Current Directorships

Atherton Electrontics Group Limited
Charlemagne Bric Plus Real Estate Company Ltd	Charlemagne Bric Property Plus Company Plc
Charlemagne Capital (IOM) Limited	Charlemagne Capital (Services) Limited
Charlemagne New Frontiers Fund	Cherrywood Consulting Limited
European Convergence Development Company Ltd	European Convergence Property Company plc
Holmeglen Limited	Interman Limited
Magna Umbrella Fund Plc	MHA Lighting Limited
OCCO Eastern European Fund	Rothesay Limited

Previous Directorships

Appleyard Investments Limited	Asian Debt Fund
Asian Fortune Enterprises Limited	Asian Opportunities Fund 1998 - I
Bald Eagle Asian Equities (non US Feeder) Fund	Bald Eagle Asian Equities Fund
Balkan Holdings (Cyprus) Limited	Burnbrae Limited
Charlemagne Capital (Barbados) Limited	Charlemagne Capital (Advisory) Limited
Charlemagne Capital (Investments) Limited	Charlemagne Capital (Caymen) Limited
Charlemagne Capital (Property) Limited	Charlemagne Capital (Investments) Limited
Charlemagne Capital Russia Fund	Charlemagne Capital Limited
Charlemagne CIS Fund Limited	Charlemagne CIS Fund (Labuan) Limited
Charlemagne Finance (Cyprus) Limited	Charlemagne Emerging Markets Fund Plc
Daeyu Regent Securities Limited	Clefex.com (IOM) Limited
EEPF (Cyprus) Limited	Diamond River International Limited
Gold Victory Holdings Limited	EIH Plc
Homeport (Cayman) Limited	Hermes Softlab d.d.
Interman Services Limited	Interman Europe plc
International Fund Arbitrage	Interman UK Limited
Ironwood Enterprises LLC	Ireton Enterprises Limited
JEM Limited	Ironwood Partnership Limited
Navrona Investments Limited	Lattice Limited
Naya Bharat Property Company Plc	Naya Bharat Property Company (Mauritius) Ltd
Novy Neft Limited	Novy Neft II Limited
Oasis Group Limited	Nowe Finanse Limited
OCCO Global Emerging Markets Fund	OCCO Asia Fund
OCCO Latin America Fund Plc	OCCO Latin America Fund
Peregrine Securities (UK) Limited	Peregrine Brokerage Limited
Port Antonio Limited	Port Antonio Developments (St. Lucia) Limited
Quayle Munro Infrastructure Company Plc	Portland Investment Company Limited
Regent European Securities (Cayman) Limited	Regent Fund Management Limited
Regent Pacific Corporate Advisory Limited	Regent Magna Europa (Cyprus) Limited
Regent Pacific Fund	Regent Pacific Energy Limited
Regent Pacific Private Equity Limited	Regent Pacific Group Limited
RPG(L) Limited	Regent Russian Bond Fund
Sleepwell Hotels (UK) Limited	Sidebottom Holdings Limited
South Asia Fund	Sleepwell Hotels Limited
Spanish Off-Plan Properties Plc	Southwise Trading Limited
SWB Investments Limited	SWA Holdings Limited
TBF(Cyprus) Limited	SWR Investments Limited
Turtle Crawl Hill Limited	Techpacific.com Limited
Ukraine Investment Fund	UAR Investments Limited
Undervalued Assets Fund - Series V Plc	Undervalued Assets Fund - Series One
Undervalued Assets Thailand Fund	Undervalued Assets Property Fund - Series Two
Undervalued Opportunities Company Limited	Undervalued Opportunities (Master) Company Ltd
WTIC Limited	Walker Telecommunications Limited

Ends

For further information:

For further information, please contact:

Port Erin Biopharma Investments Ltd	Libertas Capital Corporate Finance Limited	Peterhouse Capital Limited
The Company	Nomad	Broker
Denham Eke +44 162 463 9396	Sandy Jamieson +44 207 569 9650	Jon Levinson +44 207 562 3350

This information is provided by RNS

The company news service from the London Stock Exchange

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