Qatar Investment Fund PLC Directorate Change (1868F)
May 16 2017 - 2:01AM
UK Regulatory
TIDMQIF
RNS Number : 1868F
Qatar Investment Fund PLC
16 May 2017
16 May 2017
Qatar Investment Fund plc
("QIF" or the "Company")
Directorate Change
Qatar Investment Fund plc is pleased to announce the appointment
of David Humbles as a non-executive Director of the Company, with
effect from 15 May 2017.
He is experienced in oil & gas, Qatar and the Gulf, real
estate and quoted and unquoted investment funds. He worked in the
downstream oil industry for 25 years and relocated to the Isle of
Man in 1998 as a Director of Total.
David was previously a non-executive director of AIM listed
Speymill Deutsche Immobilien Company plc and South African Property
Opportunities plc. He was also previously Chairman of Epicure
Berlin Property Company Limited until March 2017.
The Company also announces that Leonard O'Brien, who has been a
director of the Company since its inception in 2007, will not seek
re-election at the 2017 annual general meeting and will step down
from the board at the conclusion of the 2017 Annual General
Meeting.
Nick Wilson, Chairman of QIF, commented:
"We are pleased to appoint David Humbles as a Director. He
brings a depth and range of experience to the Board and we look
forward to working with him.
On behalf of the Board, I would like to pass on my thanks to
Leonard O'Brien for his service to the Company and wish him well
for the future."
Other than as set out in the appendix, it is confirmed that
there are no other details to be disclosed concerning Mr Humbles
under Listing Rule 9.6.13 R.
ENDS
For further information, please contact:
Nicholas Wilson +44 (0) 1624 622 851
Qatar Investment Fund
plc
Ian Dungate/Suzanne Jones +44 (0) 1624 692600
Galileo Fund Services
Limited
Richard Gray/Andrew Potts +44 (0) 20 7886 2500
Panmure Gordon
William Clutterbuck/Cebuan
Bliss +44 (0) 20 7379 5151
Maitland
-ENDS-
Appendix
David Humbles was born in 1960 and is British.
David has been Managing Director of Oakmayne since 2006. This
company is a residential developer in the London market. See
www.oakmayneproperties.com At the date of this announcement, Mr
Humbles had no interests in QIF's issued share capital.
David Humbles was appointed as a director of Vanderbilt
(Boundary Road) Limited on 1 March 2005. On 31 October 2014, a
creditors voluntary liquidation was effected with no shortfall to
creditors.
David Humbles was appointed as a director of Haysboro Limited on
7 April 2006. On 17 December 2010, a creditors voluntary
liquidation was effected with no shortfall to creditors.
David Humbles was appointed as a director of Falmouth Limited on
14 June 2007. On 16 November 2016, a creditors voluntary
liquidation was effected with a shortfall to creditors of
GBP99,370,852. Falmouth Limited was a closely-held special purpose
vehicle formed for a property transaction that acquired a property
in July 2007, just prior to the start of the global financial
crisis. Investors in Falmouth Limited funded their investment by
way of loan notes rather than equity and the shortfall to creditors
relates to the loan notes and the interest on those loan notes owed
to those investors, as all third party creditors, including bank
debt, were repaid in full.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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