MAS Real Estate Inc. advised that Victor Semionov will be appointed to the role of chief financial officer and Dan Petrisor to that of an executive director. Shareholders are further advised that with effect from the close of the meeting of shareholders, Ron Spencer, Werner Behrens and Paul Osbourn have resigned from the board of MAS. The board of directors has appointed current lead independent non-executive director, Werner Alberts, as interim chairman until such time as a permanent independent non-executive chairperson is appointed.

Werner Alberts is the chief operating officer of Capital International Group Limited, a regulated investment management business in the Isle of Man.