TIDMBL03
RNS Number : 8717O
Belvedere Leisure Resorts PLC
12 February 2021
12 February 2021
Belvedere Leisure Resorts plc
("Belvedere" or the "Company")
Board Changes
Belvedere, the luxury holiday resort developer, announces
certain changes to the Company's Board of Directors.
The Company is pleased to announce that Keith Aldridge has been
appointed as a new Non-executive Director of the Company from 15
February 2021. Keith has founded, built and managed significant
property businesses, including those involved with development and
rentals. He joins the board following his departure from a company
he co-founded with M&G Investments. Previously Keith co-founded
the former UK bridging and commercial lender, Amicus Finance plc
(originally established as Capital Bridging 12 years ago) which
went on to originate GBP600 million per annum in new business
completions. Following this Keith successfully set up Atelier
Capital Partners, a company focussed on providing short-term
lending solutions to professional property investors. In
particular, he will bring his skills in debt structuring and
working in the leisure development sector to the Company as it
progresses its plans.
Christopher Eddlestone has notified the Company of his decision
to retire as a Non-executive Director of the Company and he will
leave the Company on 15 February 2021.
Following these changes the Board of the Company will comprise
Alan McNamara (Executive Director), Paul Brazewell (Executive
Director), Ken Hillen (Non-executive Director) and Keith Aldridge
(Non-executive Director).
The Company anticipates updating the market in the coming weeks
on the Company's proposed acquisition of Barnsoul Park, as
previously announced, and the due diligence process the Company is
undertaking, together with an update on the progress in securing
further bond subscriptions.
Commenting, Paul Brazewell, Executive Director of Belvedere,
said: "We are delighted that Keith will be joining the Company's
Board and on behalf of the Company, I would like to thank
Christopher for his contribution and wish him well for the
future.
"It is a real sign of our strength and the opportunities we have
that we can attract someone of the calibre of Keith to the Company.
We expect him to add significant value, particularly with his
extensive experience in successfully originating debt structures,
as we look to complete the acquisitions under negotiation and
continue the momentum we have successfully built recently with our
fundraising efforts. We expect 2021 to be a transformational year
for Belvedere and I look forward to reporting on our further
progress in the coming weeks."
Further information on Keith Aldridge
The following information is required to be disclosed under Rule
4.9 of the Access Rulebook in relation to Keith Aldridge.
Details of all directorships held by Mr Aldridge in any other
company at any time in the previous five years are set out in the
below table:
Current directorships Past directorships
Amicus Finance PLC
None Amicus Capital Limited
Omni Integrated Solutions Limited
The Association of Short Term
Lenders Limited
Swift Turnaround Ltd
Capital Bridging Finance (UK)
Limited
Mr Aldridge has:
(1) no unspent convictions in relation to indictable
offences;
(2) not been involved in any receiverships, compulsory
liquidations, creditors voluntary liquidations, administrations,
company voluntary arrangements or any composition or arrangement
with its creditors generally or any class of its creditors of any
company where he was a director at the time of, or within the 12
months preceding, such events;
(3) not been involved in any compulsory liquidations,
administrations or partnership voluntary arrangements of any
partnerships where he was a partner at the time of, or within the
12 months preceding, such events;
(4) not been involved in any receiverships of any asset of such
person or of a partnership of which he was a partner at the time
of, or within the 12 months preceding, such event;
(5) not been subject of any public criticisms by statutory or
regulatory authorities (including designated professional bodies);
and
(6) never been disqualified by a court from acting as a director
of a company or from acting in the management or conduct of the
affairs of any company.
For further information, please contact:
Belvedere Leisure Resorts plc
Paul Brazewell, Executive Director
Tel: +44 (0) 203 773 1361
Email: invest@belvedereleisureresortsplc.com
Alfred Henry Corporate Finance Limited
AQSE Corporate Advisor
Jon Isaacs
www.alfredhenry.com
Tel: +44 (0) 203 772 0021
IFC Advisory Limited
Financial PR & IR
Tim Metcalfe
Tel: +44 (0) 203 934 6630
Email: belvedere@investor-focus.co.uk
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