Eastbridge Investments PLC Result of AGM and Directorate Change (4505U)

TIDMEBIV

RNS Number : 4505U

Eastbridge Investments PLC

29 July 2015

Eastbridge Investments PLC

Result of AGM

Change to Board of Directors

29 July 2015

Eastbridge Investments PLC ("Eastbridge" or the "Company") is pleased to announce that at the annual general meeting of the Company held today all resolutions proposed were passed save for the re-appointment of Stuart Black, which was not put to the meeting.

As a result of his not standing for re-election to the board, Stuart Black has ceased to be a director of Eastbridge with immediate effect.

The Company is pleased to announce the appointment in his stead of Drew Oswald as Chief Executive with immediate effect.

Drew is a Chartered Surveyor with 38 years' experience in the UK property market. Drew has been involved in valuation, dispute resolution and asset management of the full range of property types in Scotland and beyond. He was a Partner at Knight Frank, one of the world's leading property consultancies, for 20 years, running the Scottish business for 11 years and being a Proprietary Partner on the Firm's UK Commercial Board for 5 years, retiring in 2012. Prior to that, he was in private practice, having initially trained in the public sector.

Drew has carried out valuation and consultancy work for banks and major property companies, as well as appearances in Court as Expert Witness on several high profile test cases. He therefore has had detailed involvement on most of the major property developments in Scotland, concentrating on major office and retail projects.

Since leaving Knight Frank, he has been a Director of Work Investments Ltd which he set up to advise European banks on their revised lending strategies for UK property market. That remit has recently concluded.

Drew is a Fellow of the Royal Institution of Chartered Surveyors, and a part time Surveyor Member of The Lands Tribunal for Scotland, based in Edinburgh, which adjudicates on a variety of property related disputes.

The following information is disclosed in accordance with Schedule 2, paragraph (g) of the AIM Rules for Companies. Andrew ("Drew") Wilson Oswald, aged 60, is currently a director or partner of the following

Carduus Housing Plc

Coldingham Property Limited

Work Investments Limited

Within the past five years, Mr Oswald was previously a director or partner of the following:

Knight Frank LLP

Pentland Studios Limited

Rutherford Castle (HPL) Limited

SHSO (100) Limited

Workshop and Artists Studio Provision (Scotland) Limited

Mr. Oswald does not at present hold any shares in the Company.

Enquiries:

Greg Collier, Chairman Tel: 0141 243 4470