Director changes
17 September 2008
ACP Capital Limited (AIM: APL.LN) ("ACP Capital" or "the Company") announces a change in board composition.
Ms Hilary Valentine and Mr Craig Stewart have resigned from the board of the Company with immediate effect and Mr Stephen Coe and Mr Antony Gardner-Hillman have been appointed to the board of the Company in their place.
The board has also taken the opportunity to reconstitute its audit committee which now comprises Messrs Coe and Gardner-Hillman and Mr John Chapman, the Chairman of the Company. Mr Coe will chair the audit committee. Neither of the new directors has any shares in the Company.
Further details relating to Messrs Coe and Gardner-Hillman and are set out below.
John Chapman stated:
"We expect that the addition of Steve and Tony will further our announced strategy of placing the Company into run off, obtaining fair value for our investments over time, and returning capital to our shareholders. As director with specific responsibility for financial matters, Steve will oversee the audit process and work to improve financial controls. Tony will focus on compliance and Jersey and UK legal issues. We are happy to have the two of them on board and thank the departing directors for their service."
Enquiries
Chris Wells, Collins Stewart (Nominated Adviser)
+44 (0) 207 523 8350
The following information falls to be disclosed in accordance with paragraph (g) of Schedule 2 of the AIM Rules for Companies:
Mr. Stephen Charles Coe, aged 42, qualified as a Chartered Accountant with Price Waterhouse in 1990 and remained in audit practice, specialising in financial services, until 1997. From 1997 to 2003 he was a director of the Bachmann Group of fiduciary companies and Managing Director of Bachmann Fund Administration Limited, a specialist third party fund administration company. Since 2003, Stephen has been a director with Investec in Guernsey and was formerly Managing Director of Investec Trust (Guernsey) Limited prior to becoming self-employed in 2006 providing advisory services to financial services clients. He is a director of a number of listed and unlisted investment funds and offshore companies, including Raven Russia Limited and Matrix European Real Estate Investment Trust Limited. He has been involved with offshore investment funds and managers for the last 16 years with significant exposure to emerging markets, property and equity investments.
Current Directorships
ACP Mezzanine Limited
Alexam 1 Pty Limited
Alexam 2 Pty Limited
Ashcourt Asset Management (Guernsey) Limited
Callidus Holdings LLC
Care Home Properties Limited
Data Debt PCC Limited
George St Holdings Pty Limited
Hamilton Corporate Finance (Guernsey) Limited
HCF Guernsey Limited
HCHP Limited
Healthcare Alpha Limited
Healthcare Beta Limited
Healthcare Delta Limited
Healthcare Finance Limited
Healthcare Holdings Limited
Healthcare Property Investments Limited
Healthcare Real Estate Investors Limited
Healthcare Real Estate Holdings Limited
HHL Properties Limited
HH Properties Limited
HHLC Limited
HIC Limited
HICS Limited
HIHP Limited
IHP Limited
Matrix Abaco Limited
Matrix European Real Estate Investment Trust Limited
Matrix Juno (Guernsey) Limited
Mosaic Property CEE Limited
Mosaic Property GP Limited
Peninsular 1 Pty Limited
Peninsular 2 Pty Limited
Raven Russia Limited
Sidra Fund Limited
Specialised Care Properties Limited
Specialised Property Assets Limited
Supported Living Limited
Totemic Insurance Limited
Victoria Capital PCC Limited
Past Directorships
Abaco Partners Limited
Able Investments Limited
Accumulation Fund Limited
Alborg plc
A.L.E. Limited
Afri Services Limited
Amphrite Marine Limited
Ampurius Nu Homes Investments Limited
Aurora Russia Limited
Anglo Chinese Properties Limited
Ark Interactive Limited
Arkle Limited
Asaa Limited
Ashcourt Select Portfolio Limited
Atwood Consultants Limited
Aurora Russia Limited
Avionics Limited
Bachmann Fund Administration Limited
BachmannTrust Company Limited
Beauvoir Investments Limited Begonia Limited
Berryhill Properties Limited
Beta Corporate Services Limited
The British Real Estate Dollar Fund Limited
The British Real Estate Fund Limited
The British Real Estate Property Accumulation Fund Limited
Chateau First Properties S.A.R.L (CFPS)
Chestfield Limited
Chez Nous Limited
Cloudpoint Company Limited
Coachland Company Limited
Congleton Management Limited
Dawson Management Limited
Degas Holding Limited
Dellaire Trading Co. Limited
Deren Properties Limited
Devil Limited
Dimsey Trading Corp
Dorchester Guernsey General Limited
Dortmund Technology Limited
Edward Tomkins Limited
Energy Investment Holdings Inc
Equatorial Aircraft Leasing Corporation
Estron Investments Limited
Executive Wealth Management Limited
Far Eastern Investments Limited
Felkini Limited
Fiedelman S.A.
Finistere (UK) Nominees Limited
Finistere Directors Limited
Finistere Limited
Finistere Secretaries Limited
Fintique Three (BVI) Limited
First Magellan Limited
FIX Protocol Holdings (Jersey) Limited
Flowdale Limited
Flower Investments Limited
Flying Tyndall Holdings Limited
Flying Tyndall Upper Limited
Freeflo Distribution Limited
Gentrac Investments Limited
GFT Directors Limited
Glanmore Investments Limited
Glanmore Longus House 1 Limited
Glanmore Longus House 2 Limited
Glanmore Property Accumulation Fund Limited
The Glanmore Property Dollar Fund Limited
Glanmore Property Fund Limited
Globe Films Management (CI) Limited
Granfole Trading Limited
Greencool International Limited
Green Halgh Trading and Investments Limited
Harrogate Overseas Limited
HDD Limited
Heathrow Business Centre Limited
Heathrow Site No. 10 (CI) Limited
Heathrow Site No. 9 (CI) Limited
Highbury Hill Limited
Highwater Company Limited
Human Resource Management Services Limited
IDMD Limited
Innus CI Limited
International Power (Sussex) Limited
International Seafarers Limited
Intpharma Marketing Limited
Investec Recovery Partners Limited
Investec Trust (Guernsey) Limited
ISL Services (Guernsey) Limited
ITGL UK Nominees Limited
Jetso Investments Limited
JVI Europe Limited
Kaiser Properties SA
L’Escapade Et Paradiso Limited
LAgo Investments Limited
Laguna International Limited
Le Truchon Properties Limited
Lisarda Limited
London Place Company Limited
Lynch Gate Trading Limited
Maghull Limited
Maghull Management Limited
Manor Resources Limited
Mary Holdings Limited
Matrix Property Fund Management Guernsey Limited
Matrix European Real Estate Sterling Capital Growth Trust Limited
Matrix Real Estate India Limited
MC Aviation Limited
Media Trade International Limited
Mengen Investments Limited
Middle East Investments Limited
MLA Holdings Limited
Montague Properties Limited
MP Trustees Limited
Netlink Limited
Nicole Enterprises Limited
Nolan-Neves Holdings Limited
The Northern Investment Company Limited
Octagon Group Limited (formally Octagon Limited)
Octagon Holdings Limited
Octagon Investments Limited
OLMS Limited
Ormintide SA
Palm Developments Limited
Pan Gulf Energy Holdings Limited
Pan Gulf Hotel Investments Limited
Parkside Investments Limited
Petrushka Limited
Pinnacle Holdings Limited
Piped Utilities Limited
Platino Investments Limited
Poltex Limited
Popham Holdings Corporation
Portcullis Trading Limited
PTH Morgan Limited
Puglsey Limited
Quail Investments Limited
Reeb Limited
Reliance Global Communications (CI) Limited
REmairado Investments Limited
Riomar investments Limited
Rishon Properties Limited
SANS Fibres (Europe) Limited
Sea Melody Corporation
Sea Neptune Corporation
Senator House Holdings Limited
SGLT Belgium SA
Sloane Trading Limited
SMS Investors Inc
Souee Consultants Limited
Spedition Center Kassel GmbH
SPF Limited
Student Property Leasing Fund Limited
Synergy Perth Trust Limited
Tarnmour Investments Limited
Teleaxis International Limited
Templeton Enterprises Limited
The Ashcourt Bond Fund Limited
The Eagle Healthcare Fund Limited
The Healthcare Fund Limited
The Ukraine Fund Limited
Timber Investments Inc
Tokia Trading International Limited
Townhouse Limited
Tradefin International Limited
UIG (Rubber) Limited
Universal Investments (Guernsey) Limited
Victorian Mansions Limited
Walmor Investments Limited
Witherby Investments Limited
Woodstar Limited
Worldwide Aircraft Holding Company (Bermuda) Limited
Wwwatt CD Limited
York Limited
Accelerated Global Growth Basket Limited
Investec Administration Services Limited
Investec Recovery Partners I Limited
Optimal Investment Growth Limited
Mr Antony Royston Gardner-Hillman, aged 51, was a founding shareholder of the Jersey Trust Company group in 1987. He resigned as non-executive group chairman of Jersey Trust Company and disposed of his remaining shareholding in the group holding company on 29 February 2008. He was a partner of Crills, a Jersey law firm from January 1987 until May 2002. He is a solicitor of the Supreme Court of England and Wales and a member of the Law Society of England and Wales.
Current Directorships
ARCK Alternative Asset Fund PCC
ARCK Hotel (Nottingham) PC
Ark Limited
Brierley Hill Limited
Cape Verde PCC
CV 1 PC
CV 2 PC
CV 3 PC
Duration Holdings Limited
Euroknights Asset Management IV Limited
Euroknights Asset Management Limited
Euroknights Asset Management V Limited
Hillman Financial Management Limited
Hillman Properties Limited
Kingsbridge Capital Limited
The Black Sea Property Fund Limited
Past Directorships and Partnerships
12a Yeomans Row Limited
14 Yeomans Row Limited
55 OBS 1 Limited
55 OBS 2 Limited
5-7 Yeoman's Row Limited
9 Yeomans Row Limited
Alborada Limited
Allegretto Limited
Alligator Investments Limited
Alpheus Limited
Altiplano II Finance Limited
Amedis Commercial Finance Limited
Amirati Investments Limited
Ammar Holdings Limited
Antalis US Funding Corp.
April Point Properties Limited
Aragrove Investment (Shawlands) Limited
Aragrove Investments Limited
Arrowhead Holdings Limited
Ashes Property Limited
Austra Corp
Avalanche Investments Limited
Axis Sports & Entertainment Limited
Baligay Limited
Balmaha Investments Limited
Balzac Consultants Northern Europe Limited
Bannerman (Capital) Limited
Barnwood Properties Limited
Basildon Trustee 1 Limited
Basildon Trustee 2 Limited
Bath Holdings Limited
Beast Shipping Limited
Bespoke Investments Limited
Blue Diamond Management Limited
Blue Ribbon Asset Management Limited
Blue Swan Insurance (Jersey) Limited (in liquidation)
Borric Properties Limited
Bott Lane Properties Limited
Brian Hill Haulage & Plant Hire Limited
Brian Hill Quarries Limited
BrightWater Aquatics Limited
BrightWater Enterprises Limited
BW Investments Limited
Cadenza Management Limited
Cadenza International Limited
Camrose Properties Limited
Cantel Investments Limited
Capricorn Capital Properties Limited
Caribe Entertainment Limited
Carmin Invest SA
CBW Investments Limited
CEDCO Enterprises Limited
Certain Funding Limited
CET (New Europe) Limited
CET Capital Limited
Chakalak Limited
Chalk Hill Holdings Limited
Chantelys Investments Limited
Cherry Tree Trustee One Limited
Cherry Tree Trustee Two Limited
Chester Terrace Limited
Cheval Noir Investments Limited
City Pavillion Limited
Clearwood Investments Limited
CMS Holdings Limited
Coatbridge Retail Limited
Cockerel International Investments Limited
Commercial Property Management Limited
Commerzbank International Trust (Jersey) Limited
Connaught House Limited
Convergence Aviation Limited
Coral International Resources Inc
Corporate Real Estate Equity Capital Limited
Corsaire Limited
Corston Holdings Limited
Creake Limited
CREEC (Bedford) Limited
Crumpton Hill Properties Limited
Curzon Three Limited
Curzon Two Limited
Cutland Enterprises Ltd.
Cuvette Investments Limited
DBG Development Capital Eastern Europe Limited
DCLW Consulting Limited
Declaron Trustee Limited
Ditco Vehicles Limited
DNA Holdings Limited
Dr Pooter Limited
Draco (St.Andrews) Limited
Draco Herbrand Limited
Draco Kings Chase Limited
Draco Maidenhead Limited
Draco Southampton Limited
Eaton Trustee Limited
Eden Street Trustee 1 Limited
Eden Street Trustee 2 Limited
Egyptinvest One Limited
Ellisfield Investments Limited
Emory Properties Limited
Enzo Properties Limited
Equiby Limited
ERRAF (GP) Limited
Esplanade Property Services Limited
Etna Range Limited
European Financial Partners Limited
Exchange House Management Limited
Exchange Place Limited
Ezyrik Holdings Limited
Fabian Romania Limited
FBL Consulting Limited
Fergana Holdings Limited
Fern Trustee 1 Limited
Fern Trustee 2 Limited
Fernando Holdings Limited
Firefly Limited
First Canary Limited
Fitzpain Limited
Flintstone Finance Limited
GFF Limited
Glenview Property Hldgs Ltd
Global Foundation Holdings Limited
Global Residential Developments Limited
Global Residential Properties Limited
Global Sea Trade Limited
Gloucester Estates (Holdings) Limited
Gloucester Estates (Landsberger) Limited
Gloucester Estates (Wandsbeker) Limited
Glow-Worm Properties Limited
Haiku Releasing Limited
Heathcote Holdings Limited
Hernando Investments Limited
Hero Football Fund Limited
Highgrove Trustee Limited
Holcroft Limited
Holman Fenwick & Willan (Jersey Partnership)
Hong Kong Mortgage Financing Limited
Hudson Investment Holdings Limited
Humber Land (Grimsby) Trustee One Limited
Humber Land (Grimsby) Trustee Two Limited
Infinite End Limited
Interport Limited
Inveresk Consulting Limited
Investors In Arabia Limited
Ioanna Shipping Limited
Irongame Holdings Limited
Jalta S.A.
Jersey Trust Company Limited
Jessop Avenue Trustee 1 Limited
Jessop Avenue Trustee 2 Limited
Jive Shipping Limited
JTC (BVI) Limited
JTC (UK) Limited
JTC Corporate Services (BVI) Limited
JTC Corporate Services (UK) Limited
JTC Corporate Services Limited
JTC Directors (BVI) Limited
JTC Fund Services Limited
JTC Group Limited
JTC Holdings Limited
JTC Management Limited
JTC Properties (Elizabeth House) Limited
JTC Securities Limited
JTC Trustees (BVI) Limited
JTC Trustees (Frontier) Limited
JTC Trustees (UK) Limited
JTC Trustees Limited
Karibu Limited
Karvelen Limited
Knoxville Finance Ltd
Lakeshore Entertainment Group Jersey Limited
Land Project and Development Limited
Lateen Limited
Lincoln Investments Limited
Linden Heights Ltd
Linthor Holdings Ltd
Liquid Petroleum Gas Development Ltd
Logitech (Jersey) Limited
Lowndes Lodge Limited
Loxley Films Limited
Luba Primitive Limited
M & A International Investments Holdings Inc
M A Street Trustee 1 Limited
M A Street Trustee 2 Limited
Manolete Limited
MasterSearch Management Consultants Limited
Mayfair Mezzanine Limited
MBR Limited
MFB Films Limited
MFF Leasing Limited
MHL Investments Limited
Michellisa Properties Limited
Midlin Properties Limited
Ming Holdings Ltd
Minotaur Films Limited
Mint Green One Limited
Mithras Holdings Limited
Modena Cars Limited
Monkswood Way Trustee 1 Limited
Monkswood Way Trustee 2 Limite
Moorhurst International Investments Ltd.
Morris Holdings Limited
MRD Limited
MSF Leasing Limited
MSF Shipping Limited
Newman Street Investments Limited
Newport Holdings Limited
Norrismount Holdings Limited
NPC Limited
Numology Limited
Optimate Holdings Limited
Ozonator Limited
Peak Development Limited
Perceptive Holdings Limited
Peregrine Finad Limited
Phoenix Films Limited
Pincon Investments Limited
Pinnata Limited
Polaris Investment Holdings Ltd
Precious Films Limited
Premier Asset Collateralized Entity Limited
Premier Asset Collateralized Entity LLC
Quadroon Holdings Limited
Quintus Consultants Limited
Quintus Management Limited
Rachelly Investments Limited
Raneen Properties Limited
Ravensbeck Investments Ltd.
Revaro Limited
Ringland Properties Limited
Ringwood Road Trustee 1 Limited
Ringwood Road Trustee 2 Limited
Roches Properties Limited
Root Holdings Limited
Rosery Estates Limited
Sabot Investments Limited
Samarkand Films Limited
Sandford Farm Properties Limited
Sauluna Invest Holding Ltd
Saville Real Estates Ltd
Savior Faire Properties Limited
Scaramouche Investments Limited
SDH Trustee One Limited
SDH Trustee Two Limited
Sea Freedom Limited
Securitised Instantly Repackaged Perpetuals Limited
SES Limited
Shalot Properties Limited
Sherwood Films Limited
Shorething Limited
Showmaxx Rights Limited
Silver Reef Properties Limited
Stark Equities Ltd
Strazo Investments Limited
SugarInvest Limited
Swan & Drake 1 Limited
Swan & Drake 2 Limited
Tabreed Project Finance One Limited
TAJRV LTD
Tanlan Limited
Taunus Consultants Limited
Telmil (Yeovil) Limited
Tepco UK Limited
Terrace Hill (Awdry) Limited
The Ludwig Wittgenstein Asset Company Limited
Thiyan Investments Limited
Tic Toc Films Limited
Trans-Baltica Container Line Ltd.
Tungsten Group (2) Limited
Tungsten Group Limited
Two Orchards Properties Limited
UBS Capital Americas Cayman, Ltd
UBS Capital Americas North Ltd
UBS Capital Americas South Ltd
UBS Capital Jersey Corporation I Ltd
Uchida S.A.
UK & European Investments (Bristol) Ltd
UK & European Investments (Chiswick) Ltd
UK & European Investments (Redhill) Ltd
Van Reijendam Investments Limited
Vesuvius Investment Hldgs Ltd
Victoria Services Inc
Visser Investments 1999 Limited
Volos Limited
Warwick Square Limited
Watermark (Ecosse) Limited
Watermark Holdings Limited
Watermark NL Limited
Weedon Road Trustee 1 Limited
Weedon Road Trustee 2 Limited
Westside & City Holdings Limited
Wharf Land Investments (Jersey) Limited
Whitecote Limited
Whitlow Holdings Limited
Wickets Investments Limited
Woking Participation Limited
WorldNet Capital Management Limited
Worldwide Music Corporation
Worton Grange Industrial Limited
WPFP Management Limited
xGlobal Preservation Inc.
Yeomans Residential Limited
Yosemite Securities Company Ltd
Zamora Limited
Zebedhee Properties Limited
Zingala 2 Investments Limited
Zingala Investments Limited
Liquidations
In April 2006 Blue Swan Insurance (Jersey) Limited, a company of which Mr Gardner-Hillman was a non-executive director was placed into voluntary receivership. The company closed to new business on 17th February 2004 as it was experiencing serious financial difficulties which the directors of the company established was caused by premium income being diverted away from the company without their knowledge or consent. Legal proceedings were instigated in the UK by the directors for recovery of the missing premium income which are still ongoing.