Afentra PLC Board Appointment (4490C)
June 13 2023 - 1:00AM
UK Regulatory
TIDMAET
RNS Number : 4490C
Afentra PLC
13 June 2023
13 June 2023
AFENTRA P L C
Board Appointment
Afentra plc ('Afentra' or the 'Company') is pleased to announce
the appointment of Mr Thierry Tanoh to its Board as Independent
Non-Executive Director and Chairman of the audit committee.
Mr Tanoh, aged 61, is an experienced senior director with global
experience, a strong track record in both public and private
sectors, and has held senior positions within African Government
ministries. Mr Tanoh's relevant experience includes various roles
within International Finance Corporation (IFC), including being
Vice President within the Senior Executive Team and a member of
IFC's credit committee based in Washington, and Director of
Sub-Saharan Africa based in Johannesburg.
Following 12 years with IFC, Mr Tanoh was appointed as CEO of
Ecobank Group, a pan-African banking conglomerate with banking
operations in 33 African countries. Following his departure in
2014, Mr Tanoh was appointed a member of the office of the
President of the Republic of Cote d'Ivoire, serving initially as
Minister, Deputy Chief of Staff before being appointed as Minister
for Oil, Energy and Renewable Energies between 2017-18.
Mr Tanoh presently has a number of Director roles including as
Non-Executive Director, Vice Chairman of the Board of Directors and
Chairman of the Investment Committee of Maha Capital Partners, an
investment management company, Chairman of the Board of Directors
of a Mortgage Refinancing institution and was recently appointed to
the President's Council on International Affairs of Yale
University.
Mr Tanoh is a Certified Public Accountant (CPA, France), was
awarded the Fulbright Scholarship and received an MBA from Harvard
University, and was awarded the World Bank Group Leadership and
Diversity Award in 2006.
Commenting on the appointment, Jeffrey MacDonald, Non-Executive
Chairman of Afentra, said:
"We are delighted to welcome Thierry to Afentra's Board and look
forward to benefitting from his considerable experience across many
relevant roles within finance and government. The appointment of
such a heavy-weight candidate reflects Afentra's strong ambition to
build a material and credible player within the African energy
sector as we seek to play an important role in a responsible energy
transition across the continent. This appointment also reflects
Afentra's commitment to Governance as we ensure we maintain the
appropriate level of experience and independence on the Board to
act on behalf of our shareholders."
Commenting on his appointment, Thierry Tanoh said:
"I am delighted to take up this role with Afentra and support
the Company with my insights learned from decades of senior roles
within Finance and Government across Africa and beyond. Afentra's
purpose to support the African energy transition and enable the
continued economic and social development of African economies is a
shared passion and I believe Afentra's team have all the
ingredients required to play a meaningful role in that agenda over
the coming years."
Regulatory
The following information is disclosed under Rule 17 of the AIM
Rules for Companies ("AIM Rules") and Schedule Two Paragraph (g) of
the AIM Rules:
Thierry Andre Nicolas Yao Tanoh (aged 61)
Mr Tanoh does not hold any ordinary shares nor options over
ordinary shares in the Company.
Current Directorships Past Directorships (within
the last five years)
Azalai Hotel Group
---------------------------
Azalai SMS
---------------------------
Maha Capital Partners LLC
---------------------------
Caisse Régionale de
Refinancement Hypothécaire
de l'UEMOA
---------------------------
There is no further information which is required to be
disclosed under Schedule Two, paragraph (g) of the AIM Rules for
Companies in respect of Thierry Andre Nicolas Yao Tanoh.
For further information contact:
Afentra plc +44 (0)20 7405 4133
Paul McDade, CEO
Anastasia Deulina, CFO
Buchanan (Financial PR) +44 (0)20 7466 5000
Ben Romney
George Pope
Peel Hunt LLP (Nominated Advisor and Joint Broker) +44 (0)20
7418 8900
Richard Crichton
Paul Gillam
David McKeown
Tennyson Securities (Joint Broker) +44 (0)20 7186 9033
Peter Krens
About Afentra
Afentra plc (AIM:AET) is an upstream oil and gas company focused
on opportunities in Africa. The Company's purpose is to support a
responsible energy transition in Africa by establishing itself as a
credible partner for divesting IOCs and Host Governments. Afentra
has 4% non-operated interests in the producing Block 3/05 and
adjacent development Block 3/05A offshore Angola in the Lower Congo
Basin. In addition, Afentra maintains a carried interest in the
Odewayne Block, onshore southwestern Somaliland.
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END
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