D Lucie-Smith Managing

Derek Lucie-Smith is a chartered accountant who was appointed managing director on 9 October, 2008. Mr Lucie-Smith has considerable experience of working within the property industry, being particularly relevant when considering the Group’s asset portfolio.
Mr Lucie-Smith is a director of City Real Estate Acquisitions Limited, which owns commercial property, and Parkwood Asset Management Limited which has commercial property investments in Germany.
Mr Lucie-Smith is a partner of Parkwood Property Investments LLP who is the holder of 29.9% of the issued share capital of the Company.

J A C Lorimer Property

John Lorimer was appointed property director on 9 October, 2008. Mr Lorimer has been working in the property industry for over 25 years within both the commercial and residential sectors. Mr Lorimer has worked closely with Mr Lucie-Smith for many years being a founder director of Parkwood Asset Management Limited.
Mr Lorimer is a partner of Parkwood Property Investments LLP who is the holder of 29.9% of the issued share capital of the Company.

B. J. Hallett, F.C.A Finance

Brian Hallett is a chartered accountant who was appointed to the board in 1996. He presently acts as both Finance Director and Company Secretary. Mr Hallett has considerable experience in dealing with all matters relating to small companies, including the various procedures required to bring such companies to one of the junior stockmarkets. This is particularly relevant when considering the Company's strategy for investments.

A. G. Ebel, LL.B., F.C.A Non-executive Chairman

Tony Ebel originally qualified as a lawyer and chartered accountant and has been a non-executive director of the Company since 1976. He has been responsible for a number of successful technology based start-up companies. Mr Ebel is currently involved with companies operating in technology distribution, market technology consultancy and the renewable energy sectors. He is chairman of Hallin Marine Subsea International Plc. A significant part of Mr Ebel's role has been, and continues to be, the evaluation of potential investments. He is currently a member of the Remuneration Committee.

Richard Chadwick

Richard Chadwick is a chartered accountant who was appointed to the Board as a non-executive director on 17 June, 2008. Mr Chadwick spent 27 years within the J Sainsbury plc group of companies where he had considerable experience of property development and financing, having been director of corporate finance and of business development, and a non-executive director of the group’s property development company. Mr Chadwick is also a non-executive director of SpaceandPeople plc.

Mr Chadwick is presently chairman of both the Audit and Remuneration Committees.

R Chopin-John

Rosemary Chopin-John was appointed a non-executive director on 9 October, 2008. Mrs Chopin-John has a long association with Gresham House plc having been company secretary for over 24 years before leaving to pursue other interests in 1991.
Since January 1981 Mrs Chopin-John has been a trustee of the Rowe Trust which historically held up to 44% of the company’s issued share capital before selling the majority to Parkwood Property Investments LLP. The Rowe Trust presently holds 13% of the issued shares in the Company.
Mrs Chopin-John is currently in-house legal adviser to a private group of companies.

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