July 2013

Polygon Sponsor Racing Catamaran

Two Guernsey sailors together with the generous support of their sponsor Polygon have invested in what is now the fastest sailing boat in the Channel Islands. The modern, high tech Nacra F20 Carbon is at the cutting edge of performance catamaran design having been designed by the same team that have put together the new America’s Cup Class. Made almost solely from carbon fibre and with a huge sail plan, the power to weight ratio is mind blowing and trying to keep this all under control are James Read and Matt Atkinson.

James comments; “having raced the Hobie Tiger successfully for 3 seasons we felt that it was time to step up into a bigger more powerful boat, the F20 Carbon was the logical choice and so far the performance has not disappointed!”

The pair are going to compete in a number of local races in Guernsey and Jersey with the aim to break the course records along the way. Sometimes this will not be possible but should the right conditions prevail they certainly have the right tool for the job.

Martin Belcher, Chairman of Polygon comments; “as a local business it is very exciting to be involved with a project like this, the boat looks terrifyingly quick and I am very envious of James and Matt getting to sail it!”

James and Matt put this speed to good use recently winning their first race, the Chris Babbe Pursuit Race.

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Le Marchant Holdings Limited has changed its name to Polygon Properties Limited in order to reflect the link to Polygon.

Le Marchant Holdings initially owned 2 properties on Le Marchant Street. Now that it holds 3 further investments and is looking to further opportunities, the decision was made in August 2013 to change the companies name to align it to its parent. In addition, a new Jersey-domiciled company called Polygon Properties Limited has been setup and is owned by the Guernsey Polygon Properties Limited.

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Board changes

Polygon Group Limited and Polygon Investments ICC Limited add further financial and property expertise to their Boards.

Polygon Group and Polygon Investments ICC have further enhanced their Board of Directors with the appointment of 3 executive Directors and one non-executive Director. Amanda Groves, currently Director on Polygon Investments ICC has been promoted to the Polygon Group Board. Michelle Robilliard FCCA and Camilla Starr ACA are both qualified accountants actively assisting underlyling investment companies and the Group with financial management and direction. Michelle, currently Group Finance Director and Finance Director of Vantage Ltd, has been appointed to both Polygon Group and Polygon Investments ICC and Camilla, currently Finance Director of Adding 1 Ltd. has been appointed to the Board of Polygon Investments ICC. They were appointed in October 2012.

Charles McHugh MBA MCMI brings his considerable skill in property development and management to assist with the management and expansion of the Polygon property portfolio. Charles, appointed to the Polygon Group Board in July 2013, is currently active in the Guernsey property development market via his company Strategic Development Partnership.

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