Press releases – 2009
Result of Annual General Meeting ('AGM') and appointment of new Non-executive Director
22 Jun 2009
Chagala Group Limited ('Chagala' or 'the Group'), the specialist London listed Kazakh real estate developer and operator, announces that at the Company's AGM all resolutions proposed were duly passed.
The Board of Chagala is also pleased to announce the appointment of Edmund Christopher Pery, Earl of Limerick as a non-executive director with immediate effect.
Edmund is currently a Partner in Altima Partners LLP, managing the Altima Central Asia Fund ("Altima"), a hedge fund with direct investments into businesses in Kazakhstan, Tajikstan, Kyrgyzstan, Turkmenistan and Georgia. Altima is one of Chagala's largest shareholders. Edmund has extensive Commonwealth of Independent States ("CIS") experience and is a trained solicitor.
He was formerly a Senior Vice President at Dubai International Capital, and a Director for Deutsche Bank in Dubai and London the latter including project finance related to oil and gas and the CIS. Edmund is also a Non-executive Director of Saddleback Mining Ltd. and GRDC 1 Ltd.
Commenting on the appointments Chagala's Chairman, Mark Lockwood, said: we are delighted that edmund has agreed to join the board; he brings a wealth of experience that will complement the existing skills on the
For further information please contact:
|Bell Pottinger Corporate & Financial
|+44 (0) 20 7861 3232
|Chagala Group Limited
Tim Abson, Chief Executive
|+7(727) 264 35 01