Board Changes, On-Market Investment and Appointment of Financial Adviser and Corporate Broker
20/12/2023 12:00
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO
CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION
(EU) NO. 596/2014, AS AMENDED ("MAR"). ON THE PUBLICATION OF THIS
ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION
IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
Secured Property Developments Plc
AQSE: SPD
(“SPD” or the “Company”)
BOARD CHANGES AND ON-MARKET INVESTMENT
APPOINTMENT OF FINANCIAL ADVISER AND CORPORATE BROKER
Highlights
* £150,000 of existing shares purchased at 26.11 pence per share by incoming
investors and Directors.
* New Directors appointed.
* Appointment of Peterhouse Capital Limited as Financial Adviser and Corporate
Broker.
Board Changes and Investment
The Company is pleased to announce the appointments of Paul Benedict Ryan as
Executive Director and Noel Lyons as Non-Executive Director to the board of
Directors with immediate effect.
Investors, including Paul Ryan and Noel Lyons, have agreed, via Peterhouse
Capital Limited, to acquire 574,621 Ordinary Shares in the Company at a price
of 26.11 pence per share, equating to £150,000 in total, from the existing
Directors of the Company. The existing Directors, Roger Shane and Richard
France, have resigned from the board of Directors with immediate effect. The
Company wishes to thank Mr Shane and Mr France for their long and dedicated
service to the Company.
Following the share sales, the Directors’ and others’ interests in the
issued share capital of the Company are:
* Paul Ryan (Executive Director): 143,627 (approximately 7.29%)
* Noel Lyons (Non-Executive Director): 143,627 (approximately 7.29%)
* Excession Trust: (approximately 14.58%)
Roger Shane has sold 485,621 Ordinary Shares on 20 December 2023 at 26.11
pence per share. Following the sale, Roger is interested in 79,631 Ordinary
Shares in the Company, representing 4.04% of the issued share capital. Richard
France has sold 88,888 Ordinary Shares on 20 December 2023 at 26.11 pence per
share, and no longer holds any Ordinary Shares.
Paul Ryan, incoming Executive Director stated: “I am excited to be bringing
this company to its next stage and expect the future will be of great interest
to shareholders. We will communicate our future plans as they develop.”
Paul Ryan (aged 56)
Mr Ryan has over 20 years of commercial, regulatory and advisory experience.
Mr Ryan has acted as a consultant, primarily on strategy and public policy, to
a range of clients including FTSE100 and Fortune 500 companies largely in the
ICT space. He held a variety of board positions with leading mobile operator
Vodafone Group. Mr Ryan is a qualified (non-practising) solicitor in the UK
and graduated from Trinity College, Dublin, Ireland.
Noel Lyons (aged 58)
Mr Lyons is an operational executive with over 30 years direct experience in
the oil, gas and mining sector mainly in Africa and the Middle East. His
experience is primarily on the operational side, including strategic
management, operations, project management, funding and value creation,
generally with listed companies. He is the founder of Clean Invest Africa plc,
a company focused on delivering an attractive return through acquiring stakes
in clean energy companies, remediation technologies, waste-to-energy
technologies and other clean energy related projects.
Paul Ryan
Current Directorships Directorships held over the past 5 years
Warande 1970 BVBA SHS Holdings PTE Limited
Shuka Minerals Plc Remote Monitored Systems Plc
Geocurve
UK Aerovision Limited
Pharma C Investments Plc
GN Site Engineers Ltd
Vrai Investments Limited
Clean Invest Africa Plc
Noel Lyons
Current Directorships Directorships held over the past 5 years
Shuka Minerals Plc SHS Holdings PTE
SHS Ghana
SHS Projects Kenya
Suite Living Kenya
Afra SHS Holdings Pte
Sustainable Project Management DMCC
SHS Projects Pakistan SMC Pte
Bau Panel KE
Equitorial Oil and Gas Plc
Tamboran Resources
Coaltech Limited
HD Shelf Four Limited
Africa Direct Invest Ltd
Iamfire Plc
Hospitality Portfolio Investments Plc
Goodbody group Ltd
Clean Invest Africa Plc
Karoo Energy plc
Mr Ryan was a director of Circle Network (Europe) Limited (Ireland) that was
placed into administrative receivership in 2001. The deficit to unsecured
creditors amounted to approximately £500,000.
Except as set out above, there is no further information regarding Noel Lyons
or Paul Ryan that is required to be disclosed pursuant to Rule 4.9 of the
Aquis Growth Market Access Rulebook.
The Directors of the Company accept responsibility for the contents of this
announcement.
Enquiries
Company:
Paul Ryan – Executive Director
Paul@warande1970.com
Peterhouse Capital Limited
Financial Adviser and Corporate Broker
Guy Miller and Charles Goodfellow
+ 44 (0)20 7469 0930
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Roger Shane
2 Reason for the notification
a) Position/status Director
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Secured Property Developments Plc
b) LEI 2138004RJPGI4RW8HI19
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrumentIdentification code Ordinary Shares of £0.20 each
ISIN: GB0007921363
b) Nature of the transaction Disposal of existing Ordinary Shares
c) Price(s) and volume(s) 485,621 Ordinary Shares at 26.11 pence per share
d) Aggregated information- Aggregated volume- Price
e) Date of the transaction 20 December 2023
f) Place of the transaction Aquis Growth Market
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Richard France
2 Reason for the notification
a) Position/status Director
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Secured Property Developments Plc
b) LEI 2138004RJPGI4RW8HI19
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrumentIdentification code Ordinary Shares of £0.20 each
ISIN: GB0007921363
b) Nature of the transaction Disposal of existing Ordinary Shares
c) Price(s) and volume(s) 88,888 Ordinary Shares at 26.11 pence per share
d) Aggregated information- Aggregated volume- Price
e) Date of the transaction 20 December 2023
f) Place of the transaction Aquis Growth Market
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Paul Ryan
2 Reason for the notification
a) Position/status Executive Director
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Secured Property Developments Plc
b) LEI 2138004RJPGI4RW8HI19
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrumentIdentification code Ordinary Shares of £0.20 each
ISIN: GB0007921363
b) Nature of the transaction Acquisition of Ordinary Shares
c) Price(s) and volume(s) 143,627 Ordinary Shares at 26.11 pence per share
d) Aggregated information- Aggregated volume- Price
e) Date of the transaction 20 December 2023
f) Place of the transaction Aquis Growth Market
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Noel Lyons
2 Reason for the notification
a) Position/status Non-Executive Director
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Secured Property Developments Plc
b) LEI 2138004RJPGI4RW8HI19
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrumentIdentification code Ordinary Shares of £0.20 each
ISIN: GB0007921363
b) Nature of the transaction Acquisition of Ordinary Shares
c) Price(s) and volume(s) 143,627 Ordinary Shares at 26.11 pence per share
d) Aggregated information- Aggregated volume- Price
e) Date of the transaction 20 December 2023
f) Place of the transaction Aquis Growth Market
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