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DJ Forbes Ventures Plc Directorate Change

 
TIDMFOR 
 
11 April 2017 
 
                                Forbes Ventures 
                          ("Forbes" or the "Company") 
 
   Appointment of Mr. Chris Bateman as Director and Chief Executive Officer 
 
Forbes Ventures announces that the Board has appointed Mr. Chris Bateman as 
Director and Chief Executive Officer of the Company with immediate effect. 
 
Mr. Bateman, aged 43, is a non-executive Director of AIM-Listed K&C REIT Plc, a 
real estate investment trust focussed on the residential housing market in the 
UK.  He is the Founder and CEO of UK-based Gravity Investment Group Ltd. 
("Gravity").  Gravity currently owns and manages multiple trading companies, 
with over 20 subsidiaries in sectors including 5-star resorts in emerging 
markets, UK-based social and healthcare providers (with associated training and 
education), property development, travel and financial services, commercial 
lending, investment distribution, asset and fund management and web-based 
technologies.  He is the Founder and CEO of Primus Healthcare Plc, a UK-based 
provider of residential and domiciliary care with specific emphasis on dementia 
and child care and associated training.  He is the Founder and CEO of Imperial 
World Resorts Plc, a UK-based international owner/developer of 5-star luxury 
resorts and hotels, with geographic concentration in Europe, the Indian Ocean 
and Caribbean.  He is also the Founder and CEO of IWR Indian Ocean Ltd., a 
luxury resort owner/developer in Sri Lanka. 
 
Mr. Bateman, through his ownership of Gravity Investment Group Ltd., is the 
majority shareholder of Forbes Ventures.  As per the Company's announcement of 
13th February 2017, Gravity holds 209,166,166 shares or 62.14% of the issued 
share capital in the Company. 
 
Mr. Peter Moss, Forbes Chairman commented, "I am pleased to welcome Chris to 
the Board of Forbes Ventures.  Over the last 20 years, he has a fine record of 
accomplishment as an investor and developer across a range of diversified 
property investments and related fields.  Additionally, Gravity and its 
associated partners around the world have a significant pipeline of development 
assets, specifically in the development and ownership of luxury leisure 
properties and hotels.  Forbes plans to make investments in those developments 
where it sees a sharply defined timeframe for returns to shareholders.  It is 
the intention of the Board to seek timely exits for those investments by trade 
sale or IPO on Senior Exchanges, whether it be by individual assets or Forbes 
Ventures as a whole". 
 
The Directors of the Company accept responsibility for the contents of this 
announcement. 
 
                                     ENDS 
 
For further information, please contact: 
 
Forbes Ventures                                              +44 20 3301 9346 
Peter Moss - Executive Chairman 
 
NEX Corporate Adviser                                        +44 20 7469 0930 
Peterhouse Corporate Finance Limited 
Guy Miller and Fungai Ndoro 
 
Save as set out below, there is no further information that is required to be 
disclosed pursuant to Paragraph 21, Appendix 1 of the NEX Exchange Growth 
Market Rules for Issuers. 
 
Present directorships / partnerships  Former directorships / partnerships 
                                      held over past five years 
 
Broome Park Estate Ltd                Primus Childcare Ltd 
Broome Park Golf Resort Ltd           Primus Elderly Care Ltd 
Broome Park Leisure Resort Ltd        Shelf Co 100 Ltd 
GCH SPV1 Ltd                          Shelf Co 101 Plc 
GCH SPV2 Ltd                          Shelf Co 010 Ltd 
Gloucestershire Care Homes Ltd 
Gloucester Care Homes Ltd 
Gravity Resort Group Tambaba Ltd 
Imperial World Resorts Plc 
Industry Travel Ltd 
IWR Caribbean Ltd 
IWR Europe Ltd 
K&C REIT plc 
Look Find Book Ltd 
Primus Care Plc 
Primus RE SPV1 Ltd 
Primus RE SPV2 Ltd 
Primus RE SPV3 Ltd 
Primus RE SPV4 Ltd 
Primus RE SPV5 Ltd 
Primus Real Estate Ltd 
Primus Reality Ltd 
 
 
 
 
END 
 

(END) Dow Jones Newswires

April 11, 2017 03:45 ET (07:45 GMT)