Aurora Russia Limited Director changes (2925C)

TIDMAURR

RNS Number : 2925C

Aurora Russia Limited

15 April 2013

Aurora Russia Limited (the "Company")

Director changes

Further to the announcement made on 25 February 2013 the Company announces that with effect from 12 April 2013 Geoffrey Miller and John Whittle have resigned as Non-executive directors of the Company. They have been replaced by Mr Jonathan Bridel and Mr Peregrine Moncreiffe whose appointment to the Board of the Company as non-executive directors, took effect at the same time.

Mr Jonathan Bridel, aged 48, is a British Citizen, resident in Guernsey. He has a number of directorships including Alcentra European Floating Rate Income Fund Limited and Starwood European Real Estate Finance Limited. He has over 28 years international experience in the finance and investment industry and private business. He is a Chartered Accountant, a Chartered Marketer, a Chartered Fellow of the Chartered Institute for Securities & Investment and holds an MBA from Durham University and qualifications from the Australian Institute of Company Directors.

Mr Peregrine Moncreiffe, aged 62, is a British Citizen, resident in Jersey and advises a number of International Investment companies. He is Chairman of North Atlantic Smaller Companies Investment Trust. His other Directorships include funds managed by Metage Capital (which has a holding of 7.21% in the Company). He holds an MA from Oxford University.

Grant Cameron is to remain as a director for the time being.

Jonathan Bridel will Chair the audit committee and sit on the valuation committee, remuneration committee and management engagement committee.

Peregrine Moncreiffe will sit on the remuneration committee and the management engagement committee.

Gilbert Chalk, non-executive Chairman of the Company said: "We are delighted to be welcoming Jonathan Bridel and Peregrine Moncreiffe to the Board. Their professional and other wider Investment experience will be a valuable addition to the Board".

Jonathan Bridel holds, or has held within the five years prior to the date of this announcement the following directorships and partnerships:

 
  Current directorships / Partnerships   Past directorships / Partnerships 
 AnaCap Credit Opportunities             Royal Bank Of Canada Investment 
  GP II Limited                           Management (Guernsey) Limited 
                                          (which became RBC Investment 
                                          Solutions CI Limited) 
 AnaCap Credit Opportunities             RBC Offshore Fund Managers 
  II Limited                              Limited 
 Altus Global Gold Limited               RBC Fund Services (Jersey) 
                                          Limited 
 Alcentra European Floating              RBC Investment Services Limited 
  Rate Income Fund Limited 
 BWE GP Limited                          RBC Regent Fund Managers 
                                          Limited 
 Starwood European Real Estate           FTSE UK Commercial Property 
  Finance Limited                         Index Fund Limited 
 Starfin Public GP Limited               GLF (GP) Limited 
 MGI (Guernsey) Limited                  Rhodium Stone PCC Limited 
 Perpetual Global Limited 
 Impax Renewable Power Infrastructure 
  Limited 
 Palio Capital Management 
  Guernsey Limited 
 Palio Capital Founding Partners 
  Limited

Peregrine Moncreiffe holds, or has held within the five years prior to the date of this announcement, the following directorships and partnerships:

 
 Current directorships / Partnerships   Past directorships / Partnerships 
 Active Earth Investment Management     Highland African Mining Limited 
  SA 
 Asian Citrus Holdings Limited          Noventa Plc 
 Bridport & Co (Jersey) Limited         Prophet Limited 
 Castle European Energy Development     Telecard Limited 
  Limited 
 Crendon Industrial                     NR Nordic and Russia Properties 
                                         Limited 
 Metage Funds Limited                   Metage Special Emerging Markets 
                                         Fund Limited 
 North Atlantic Smaller Companies 
  Investment Trust Plc 
 EnergyO Solutions Russia 
  AB

Peregrine Moncreiffe currently owns 962,276 shares in the Company

In December 2005 the SEC Pakistan fined Mr Moncreiffe 10,000 Rupees (approx. GBP100) for the late filing of accounts by Telecard Ltd, of which Mr Moncreiffe was a non-executive director at the time. Mr Moncreiffe was not informed by Telecard Limited or the SEC. However the fine came to light during a periodic compliance check and Telecard Limited confirmed the fine which it had paid on behalf of Mr Moncreiffe. Mr Moncreiffe subsequently resigned as a director of Telecard Ltd.

The Company confirms that there are no other matters requiring disclosure in relation to Rule 17 and Schedule 2 (g) of the AIM Rules.

For further information please contact:

Numis Securities Limited

Nominated Adviser: Hugh Jonathan +44 (0) 20 7260 1263

Corporate Broking: Rupert Krefting / Nathan Brown +44 (0) 20 7260 1435/1426

Financial Dynamics

Ed Gascoigne-Pees +44 (0) 20 7269 7132

Jack Hickey +44 (0) 20 7269 7196

This information is provided by RNS

The company news service from the London Stock Exchange

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