Armadale Capital PLC Appointment of Non-executive Director (8859V)
December 06 2019 - 1:00AM
UK Regulatory
TIDMACP
RNS Number : 8859V
Armadale Capital PLC
06 December 2019
Armadale Capital Plc ('Armadale' or 'the Company')
Appointment of Non-executive Director
Armadale Capital plc (LON:ACP), the AIM quoted investment
company focused on natural resource projects in Africa, is pleased
to announce that, further to the announcement of 26 November 2019,
Mr. Gerrard (Ged) Hall has been appointed to the Board as a
Non-executive Director with immediate effect.
Mr. Hall is a highly experienced finance professional, having
previously worked at Barclays Wealth, UBS Investment Bank, JP
Morgan and Morgan Stanley respectively.
Mr. Hall's currently acts as a senior consultant to SI Capital
and has previously held similar roles at HSBC, Natixis and Barclays
Wealth UK. He has also held senior finance roles at Saudi National
Commercial Bank in Bahrain and holds an MBA from Edinburgh Business
School.
Nick Johansen, Director of Armadale, said, "We are delighted to
welcome Ged Hall to the Board at such an exciting time as we look
to progress the Mahenge Liandu graphite project from exploration to
production.
"It is a measure of our future growth plans that we're able to
attract such high-quality people to Armadale. Ged brings with him a
wealth of finance experience and is a great addition to our
management team as we look to build on our momentum"
The information required by Schedule 2 Paragraph (g) of the AIM
Rules for Companies in relation to the appointment of Gerrard Hall
(aged 49) as Non-Executive Director is as follows:
Current Directorships Past Directorships
FGH Lanhydrock td Lanhydrock Financial Services
Ltd
GVH Lanhydrock Ltd
HCH Lanhydrock Lyd
HCRFC Community Rugby Club
Woolmer Hill Sport Association
Strategic Business Analysis
ZAG Estates Ltd
Northwest Domestic Properties
Ltd
Castillo Copper Ltd
Gerrard Hall and his wife Zara Alison Hall currently hold
warrants over 453,749 ordinary shares in the Company at an exercise
price of 2.2 pence. Gerrard Hall and his wife Zara Alison Hall also
hold convertible loan notes ("CLN") in the Company to a value of
GBP20,000 as clients of SI Capital Limited, joint broker to the
Company.
**ENDS**
For further information, please visit the Company's website
www.armadalecapitalplc.com, follow Armadale on Twitter
@ArmadaleCapital or contact:
Enquiries:
Armadale Capital Plc
Tim Jones, Company Secretary +44 20 7236 1177
Nomad and broker: finnCap Ltd
Christopher Raggett / Max Bullen-Smith +44 20 7220 0500
Joint Broker: SVS Securities
Tom Curran / Ben Tadd +44 20 3700 0093
Press Relations: St Brides Partners Ltd
Isabel de Salis / Juliet Earl +44 20 7236 1177
Notes
Armadale Capital Plc is focused on investing in and developing a
portfolio of investments, targeting the natural resources and/or
infrastructure sectors in Africa. The Company, led by a team with
operational experience and a strong track record in Africa, has a
strategy of identifying high growth businesses where it can take an
active role in their advancement. Its current key focus is the
Mahenge Liandu graphite project in south-east Tanzania, located in
a highly prospective region with a high-grade JORC compliant
inferred mineral resource estimate of 51.1Mt @ 9.3% TGC. Marking
the project one of the largest high-grade resources in Tanzania,
and work to date has demonstrated Mahenge Liandu's potential as a
commercially viable deposit with significant tonnage, high-grade
coarse flake and near surface mineralisation (implying a low strip
ratio) contained within one contiguous ore body.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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