Secure Property Development & Investment PLC announced changes to its board of directors (Board), effective immediately. Michael Beys (Chairman), Harin Thaker (Vice-Chairman), Ian Domaille (Non-executive Director), Tony Kaffas (Non-executive) and Lambros Anagnostopoulos (Chief Executive Officer) will all continue to serve on the Board, forming a smaller and more efficient Board, as the Company begins 2019 focused on completing the sale of SPDI's non-Greek property portfolio for approximately €29.25 million in an all-share transaction ('the Transaction') to Arcona Property Fund N.V. ('Arcona'). The Company also announces the establishment of an Advisory Council ('the Council') to provide strategic advice and support to the Board, as it focuses on building a high-return, asset-backed property company focused on the fast-growing economies and intercontinental trade routes of South Eastern Europe. The Council will be comprised of former directors of the Company, namely, Paul Ensor, Vago Barseghyan, Franz Hörhager, Kalypso Nomikou, and Alvaro Portela, all of whom have stepped down from the Board effective immediately, and they will be joined by Emmanuel Blouin, the Company's investment banking advisor. Colin Chapin's tenure also ended at last week's AGM, and has therefore left the Board too.