This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.
Delta International Property Holdings Ltd. – Directorate Change; Appointment of New CEO
Hamilton, Bermuda – 18 July, 2014 – In a filing with the Bermuda Stock Exchange (“BSX”), Delta International Property Holdings Ltd. (the “Company” or “Delta International”; Ticker: DLI.BH), announces Company appointments. The filing stated:
“Delta International is pleased to announce that Paul Simpson, having played a key role in establishing Delta International, will now be moving into a strategic advisory role as an executive director for the company and that Louis Schnetler will be joining Delta International as Chief Executive Officer with effect from 1 August 2014.
Louis was admitted as an advocate of the Supreme Court of South Africa in 1992 after a brief spell of practising law.
He left law to follow a banking career, specialising in the real estate sector.
From 1995 he was part of the BoE Corporate Property Finance team, with various roles ranging from being a member of the credit committee to deal- making, as well as managing the investment side of the property business for BoE. His primary focus was however always the client facing side of the business, leading deal teams in implementing large- scale real estate transactions.
After heading up regional real estate businesses at FNB Corporate and ABSA, he moved into the RMB Real Estate Investment Banking division, fulfilling various roles and once again leading and implementing major real estate transactions in South Africa. As a member of a leading investment banking business, he was tasked with setting up a real estate debt business north of South Africa, in sub- Saharan Africa towards the end of 2010. For the past 5 years, he was responsible for building this business, being deal originator and sponsor for large scale real estate transactions in African countries such as Nigeria, Ghana, Angola, Namibia, Lesotho, Botswana and other African countries.
He is a foremost Africa real estate practitioner, with solid experience north of the South African border..”
-ends-
The company has a primary listing on the BSX and a secondary listing on the JSE.
Bookrunner, corporate advisor and JSE sponsor: Java Capital
BSX sponsor: Global Custody and Clearing Limited, Bermuda