Directors

Names

The directors of the company are as follows:

  • Todor Ivanov – Executive Director
  • Valentino Georgiev – Executive Director
  • Sean Andrew Scott – Chairman & Non-Executive Director

Directors Biographies

Todor Ivanov – Executive Director

Mr. Ivanov has over 20 years of administrative experience, and, in 2022, was the deputy regional governor of Burgas Region. Mr Ivanov is currently a municipal councillor in the Municipality of Burgas. Previously, he was successively an administrative director and manager of an architectural company and has considerable experience of the entire construction and investment process.

Valentino Georgiev – Executive Director

Mr. Georgiev has over ten years of experience in real estate in the UK and Bulgaria. Mr. Georgiev spent five years working in a legal firm in London, specialising in conveyancing, transfers of equity and lease extensions. In addition to this, Mr. Georgiev also has UK experience as an estate agent working in sales and leases of commercial and residential properties in Central London. In Bulgaria, Mr. Georgiev has experience of real estate development and sales in exclusive holiday resorts on the Black Sea Coast.

Sean Andrew Scott – Chairman and Non-Executive Director

Mr. Scott is an international corporate lawyer with more than 25 years of experience in investment funds, corporate governance, financial regulation and cross-border corporate transactions. He has advised leading investment managers, investment banks and financial institutions across the UK, Europe, Australia, the USA and the Middle East.

Sean has held senior leadership and partnership positions at several leading international law firms, including Shakespeare Martineau, MJ Hudson, Harneys and Maples & Calder. He is admitted to practise in England & Wales, New South Wales (Australia) and the Cayman Islands.

His extensive international legal and corporate governance experience provides valuable strategic and regulatory expertise to the Board of Black Sea Property PLC.

Description of the responsibilities

The Board is responsible for supervising the Manager and for the overall investment activities of the Fund.
The Directors recognise the importance of sound corporate governance, whilst taking into account the size and nature of the company. The Directors intend to comply with the principles of the Combined Code in so far as possible and appropriate give the company’s size and the constitution of the Board.

Details of any sub-committees and responsibilities

The Board has established an audit committee. The Audit Committee determines the terms of engagement of the company’s auditors and determines, in consultation with the auditors, the scope of the audit.