Robert Ware, Independent Chairman

Robert Ware served as a director of Development Securities plc between 1988 and 1994, filling the roles of joint managing director and finance director in the latter stage of his tenure. In 1994 he left to take up the position of managing director of Dunton Group plc where he stayed until November 1996. He joined MEPC plc in June 1997 serving first as corporate development director and then as deputy chief executive between June 1997 and June 2003. He is chief executive of The Conygar Investment Company PLC, and a non-executive director of Tarsus Group plc, Marwyn Value Investors Limited, Marwyn Value Investors II Limited, Gartmore Growth Opportunities plc and NR Nordic and Russia Properties Ltd.

Andrew Shepherd, Non-executive

Andrew Shepherd is currently co-CEO of Celtic Property Developments S.A., a Central European property developer concentrating on office and residential developments in Poland and the Balkans. Following graduation from Paisley University with a degree in Land Economics, Andrew joined Ryden Property Consultants in Glasgow. Andrew subsequently worked for three years in Glasgow before transferring to the Ryden Prague office which he managed until 1997. In 1997 Andrew joined DTZ Moscow where he stayed until 1999 before transferring to the Warsaw office of DTZ. In 1999 Andrew set up Celtic Asset Management Sp. Zo.o., with Rhys Jones. Part of the company was sold in 2002 to IOG Central Europe Sp. Zo.o., with the remaining portion being partly sold to Laxey in 2005. Celtic Asset Management was consequently amalgamated into Celtic Property Developments S.A. in October 2007. During the last five years Andrew has also been involved in the setting up, development and in some instances sale of various operating companies including Trinity Corporate Services Sp. Zo.o., Caledonian Project Management Sp. Zo.o., Central Europe Property Management Sp. Zo.o., Savills Central Europe Sp. Zo.o., Celtic Fire Services PTY (Australia), and Gentile Wine Ltd (Bosnia Herzegovina). Andrew is a member of the Royal Institute of Chartered Surveyors.

Rhys Jones, Non-executive

Rhys Jones is currently co-CEO of Celtic Property Developments S.A., a Central European property developer concentrating on office and residential developments in Poland and the Balkans. Following graduation in London in Land Management, Rhys joined Associated British Ports in Cardiff. He subsequently worked for seven years for DTZ Property Consultants in various departments of the Cardiff, Newport, Prague, and the Warsaw offices, being Managing Director for Poland at the latter. In 1999 Rhys set up Celtic Asset Management Sp. Zo.o with Andrew Shepherd. Part of the company was sold in 2002 to IOG Central Europe Sp. Zo.o, with the remaining portion being partly sold to Laxey in 2005. Celtic Asset Management was consequently amalgamated into Celtic Property Developments S.A. in October 2007. During the last five years, Rhys has also been involved in the setting up, development and in some instances sale of various operating companies including Trinity Corporate Services Sp. Zo.o, Caledonian Project Management Sp. Zo.o, Central Europe Property Management Sp. Zo.o, Savills Central Europe Sp. Zo.o, Celtic Fire Services PTY (Australia), and Gentile Wine Ltd (Bosnia Herzegovina). Rhys is a member of the Royal Institution of Chartered Surveyors.

Michael Haxby, Non-executive

Michael Haxby joined Laxey Partners Ltd in February 2001 and became an executive director of Laxey in December 2001. He manages the global risk for Laxey's funds including currency hedging. He is also responsible for the coordination, integration and protection of Laxey's IT systems and the development and maintenance of fund management investment tools. Prior to joining Laxey, he worked with the principals of Laxey, in various back office, analysis and trading roles at Regent Kingpin Capital Management and Buchanan Partners.

Martin Adams, Independent Non-executive

Martin Adams, is an independent specialist in the management and restructuring of funds and private investments principally in emerging markets. He has over 25 years’ investment and banking experience in Asia and Europe. He is the Chairman of Kubera Cross-Border Fund Limited, Trikona Trinity Capital Plc and The First Hungary Fund Limited (in liquidation), Managing Director of VFMC Limited (the parent company of Vietnam Fund Management Company Limited ("VFMC") and a non executive director of ARC Capital Holdings Limited, Metage Funds Limited, Metage Special Emerging Markets Fund Limited and Armadillo Investments Limited (in liquidation). Prior to establishing VFMC in 1991, Martin worked for the Lloyds Bank group for 10 years where he was based in the United Kingdom, the Netherlands, Portugal and Hong Kong. He holds an M.A. (Hons.) in Economic Science.

Nicholas James, Non-executive

Nicholas James joined DTZ Debenham Tie Leung in 1991 where he trained as a chartered surveyor and worked until 1995. He then joined Rees Richards and Partners as a surveyor where he was made partner in 1998 and is responsible for Development and Investment. Nicholas currently serves on the board of a number of property development and property management companies in the UK including Westhill Property Holdings Limited. He has an MSc in Property Management and Development from the University of Sheffield and is a member of the Royal Institute of Chartered Surveyors.

Johan Lantz, Independent Non-executive

Mr Lantz (b. 1961) holds a Bsc in Business Administration and began his professional career in NCC Property Development AB in 1990 (“NCC”). During sixteen years with NCC he held various positions within development, asset management and investment and before leaving NCC in 2007 Mr. Lantz was head of European operations with particular emphasis on Poland, Hungary, Germany Belgium and Spain. In 2007 Mr Lantz joined Rutley Capital Partners Llp as head of European transactions. During his reign some €750 million was invested on behalf of the Rutley European Property Ltd fund in continental Europe.
In 2009 Mr Lantz left RCP to act as an independent property investment adviser and to pursue his leisure property business in the Cyclades, Greece.