Directorate Change (5642P)
05 10월 2011 - 3:00PM
UK Regulatory
TIDMSQB
RNS Number : 5642P
Squarestone Brasil Limited
05 October 2011
5 October 2011
SQUARESTONE BRASIL LIMITED
("Squarestone Brasil", "the Company" or "the Group")
DIRECTORATE CHANGES
Squarestone Brasil Limited (AIM: SQB.L; SQBW.L), the
Anglo-Brazilian real estate and investment group, today announces
that James Morse has stepped down as CEO and has today left the
Group in order to pursue other business opportunities. The Board of
Squarestone Brasil has appointed Executive Directors Robert Sloss
and Tim Barlow as interim Joint CEO, with immediate effect. The
search for a new CEO has commenced and a further announcement will
be made in due course.
The Board of Squarestone Brasil continues to strengthen its
Brazilian management team and today announces that it has formally
established a Management Board in Sao Paulo. This comprises three
senior members of the Group's current management team in Brazil and
underlines the scale and ambitions of the team.
Neil Varnham, Non-Executive Chairman, said:
"The Board would like to thank James for his contribution to the
Company during Squarestone Brasil's formative stages. As reported
at our interim results on 23 September, the economic and financial
indicators remain positive for the Brazilian shopping mall sector
and we believe that it remains an attractive growth investment
opportunity. Squarestone Brasil is now significantly stronger since
forming its joint venture with BTG Pactual and Walton Street
Capital and the Board believes the Group is in an excellent
position to capitalise on the significant shopping mall
opportunities in Brazil.
Squarestone Brasil continues to build on the significant
progress on leasing activities being achieved at our Golden Square
shopping mall development in Greater Sao Paulo."
For further information contact:
Squarestone Brasil Tel: +44 (0)7747 113 930 / 07748
658 172
Robert Sloss, interim Joint CEO Email:
Tim Barlow, interim Joint CEO squarestone@kreabgavinanderson.com
Liberum Capital (Nominated Adviser Tel: +44 (0)20 3100 2000
and Broker)
Chris Bowman
Christopher Britton
Kreab Gavin Anderson (PR Adviser) Tel: +44 (0) 7747 113 930 /
07748 658 172
James Benjamin Email:
Natalie Biasin squarestone@kreabgavinanderson.com
Notes to Editors
Squarestone Brasil Limited (AIM: SQB.L, SQBW.L) is an
Anglo-Brazilian real estate investment and development company
specialising in the Brazilian shopping mall sector. The Company
combines local real estate market knowledge with international
expertise in retailing, construction and development and is focused
on introducing to the Brazil shopping mall sector international
standards in terms of design, construction, operation and asset
management.
Squarestone Brasil Limited is a Guernsey registered and
domiciled company with an operational subsidiary in Sao Paulo. Its
Ordinary Shares and Warrants are traded on AIM where it was
admitted to trading in April 2010. The business carried on by
Squarestone Brasil was co-founded in 2007 by James Morse, Tim
Barlow and Robert Sloss.
Further information on Squarestone Brasil is available from the
Company's website:
www.squarestone.com.br
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOABRBDGGXGBGBS
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