MWANA: Interesting changes
Mwana Africa Board Changes
RNS Number:9098R
Mwana Africa PLC
27 February 2007
Board Changes
Johannesburg & London, 27 February 2007 - Mwana Africa plc ("the Company" or
"Mwana") announces today the retirement of Tim Wadeson as Non-Executive Director
of the Company.
The Board would like to thank Tim for his contribution to the Company,
particularly in the formation of Mwana Africa.
The Board of Mwana also announces it has appointed John Anderson and Etienne
Denis to the Board as Non-Executive Directors, with immediate effect.
John Anderson is a Director of J O Hambro Investment Management Ltd where he
manages investment portfolios for a predominantly international client base.
Prior to joining J O Hambro in 1988, he was a Director of J Henry Schroder
Wagg where he was instrumental in establishing Schroder Securities Ltd and was
formerly both Finance and International Partner at Panmure Gordon & Co. He has
been involved in natural resources and emerging markets for 40 years and is a
qualified Chartered Accountant and a graduate of Edinburgh University.
Etienne Denis holds a PhD in Science from the University of Louvain (UCL). After
working at the University and with Gecamines in the Democratic Republic of
Congo, he joined Umicore (former Union Miniere) in 1974 where he held a number
of management positions, including Managing Director of Union Zinc, Umicore
Engineering and Sibeka until 2003. He retired from his executive positions and
became a Board member of Umicore until mid 2005 when he moved to the Board of
Cumerio. Etienne was a Director of Adastra Minerals Inc. until 2006 when it was
purchased by First Quantum Minerals.
Commenting on the announcement, Kalaa Mpinga, Chief Executive Officer of Mwana
Africa, said:
"On behalf of the Board, I would like to thank Tim Wadeson for the important
role he has played in building Mwana. His advice and direction over the years
has been greatly appreciated and we wish him all the very best in retirement.
"We are delighted to welcome John and Etienne to the Mwana Africa Board. John's
knowledge of investment issues and his wide experience in Africa, together with
Etienne's contacts and knowledge in the DRC mining industry will be invaluable
as we continue to develop and grow the Company."
Enquiries:
Kalaa Mpinga, CEO or Oliver Baring, Chairman
Mwana Africa plc Tel. +44 207 654 5588
Tom Randell or Maria Suleymanova
Merlin Tel. +44 207 653 6620
The following information is provided in accordance paragraph 2(g) of Schedule 2
of the AIM Rules:
1) John Alexander Anderson (66)
- has held within past the 5 years the following directorships:
J O Hambro Investment Management (US) Ltd
African Gold Plc
- currently holds directorships at:
J O Hambro Investment Management Ltd
JOHIM (Holdings) Ltd
J O Hambro Asset Management Limited
Kongoni Menorca Limited (nominee company)
Blairmore Limited (publicly traded investment trust)
Latin American Extra Yield Fund (Advisory Board) (publicly traded
investment trust)
JOHIM Cayman (II) - alternative director
JOHIM Cayman (III) - alternative director
Tai Chi Fund Ltd - alternative director (publicly traded investment
trust)
JOHIM IDF LLC- alternative director
- John Anderson holds 250,000 shares in Mwana Africa plc
2) Etienne F. L. Denis (64)
- has held within the past 5 years the following directorships:
Umicore S.A.
Umicore Engineering S.A.
Umicore Marketing Services S.A.
Adastra Minerals Inc. (formally America Mineral Fields Inc.)
Sogem S.A.
Sopave
Syndiabel S.A.
Traxys S.A.
Element Six Abrasives S.A.
- currently holds directorships at:
Sibeka S.A.
Cumerio S.A.
Sapiensa S.P.R.L.
Maison de la Radio Flagey S.A.
- Mr. Denis resigned from his position as director of Contimine S.A., a
Belgian company on December 31, 1998. Contimine S.A. was subsequently
declared bankrupt on October 27, 1999.
There are no further disclosures required pursuant to paragraph 2(g) of Schedule
2 to the AIM Rules.
This information is provided by RNS
The company news service from the London Stock Exchange
END
