S E Land Plc
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I am delighted to announce that our company has acquired Serendip Capital LLC. (Serendip). Serendip is an independent property developer based in North Dakota in the United States and their core business is to provide infrastructure support to the natural resources industry – particularly in remote areas. Our focus will, in the short and medium term, be to develop their assets in North Dakota.
As part of the transaction, Selvan Saha the director of Serendip and Clement van Rooyen have joined the board of S E Land to spearhead the growth strategy for Serendip, and Mr. Carl Turpin and Mr. Oliver Turpin have left the board. Mr. Saha is a London based financier and property investor who has worked in management consulting for IBM and following that over 13 years in trading and stockbroking. Mr. van Rooyen is a veteran property developer from South Africa who had previously been the Managing Director of Amalgamated Construction, a subsidiary of Murray Roberts - one of South Africa’s largest property developers.
Apart from the Dakota development, the Serendip model allows us access to further natural resources markets globally and brings a very experienced management team and advisors.
We will be active over the next few months in communicating our corporate strategy to our shareholders. There are a few significant announcements we hope to make as we take the Company forward.
With that in mind, I urge you to regularly visit our website on www.selplc.com and to navigate to the announcement section for the latest news and developments. I would encourage you to visit the site to update your contact details if possible.
I would like to alert you to the appointment of Cornerstone Capital Partners Limited as Investor Relations consultants to our company. Any questions regarding our firm can be directed to them at www.cornerstone-cp.com/se-land/ .
I would like to take this opportunity to thank Carl and Oliver Turpin who have stepped down from the S E Land board, to concentrate on the activities of Flagstone Estates and other interests.
As we are moving into the second half of 2016 and looking forward to 2017, I’m confident our company is well positioned to produce value for shareholders. We remain steadfast in strategy, flexible in tactics and disciplined in execution as we work for you.
For and on behalf of S E Land Plc.
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