Mwana Africa PLC Posting of Circular and Notice of EGM (9688M)
May 12 2015 - 10:30AM
UK Regulatory
TIDMMWA
RNS Number : 9688M
Mwana Africa PLC
12 May 2015
12 May 2015
MWANA AFRICA PLC
POSTING OF CIRCULAR AND NOTICE OF EGM
Mwana Africa PLC ("Mwana" or the "Company"), the pan-African,
multi-commodity resources company focused on the production,
development and exploration of gold, nickel, copper and diamonds
projects, announces the posting later today of a Circular to
Shareholders (the "Circular") and notice of an Extraordinary
General Meeting ("EGM") scheduled for 9.00 a.m. on 9 June 2015 at
Broadway House, Tothill Street, London, SW1H 9NQ.
Following the request from Ian Dearing and a small group of
private shareholders (the "Requisitioners") to convene an EGM of
the Company's shareholders ("Shareholders") seeking to approve a
number of new Non-Executive Directors and changes to the Board of
Directors of the Company, the Company will today issue a Circular
which contains full details of why the Board (excluding Mr Ning and
Mr Hu who, on account of the ongoing Petition, have chosen not to
participate in the Directors' recommendation) strongly believes
that the Resolutions are NOT in the best interests of the Company
and Shareholders and why the Board recommends that Shareholders
VOTE AGAINST ALL the Requisitioners' proposed resolutions.
As stated in the Circular, Mr Stuart Morris, Interim
Non-Executive Chairman, and Mr Johan Botha, Non-Executive Director
have indicated to the Board their intention to retire from the
Board of Directors of the Company at or before the EGM ideally in
circumstances where appropriate succession arrangements for their
roles on the Board and which respect the Relationship Agreement are
likely to be put in place.
Copies of the Circular, Notice of EGM and proxy voting forms
will be available shortly to download from the Company's website
www.mwanaafrica.com
For further information contact:
Mwana Africa PLC
Kalaa Mpinga, CEO
Caroline Mathonsi, Investor Relations Tel: + 44 (0) 203 696
5470
Nominated adviser and broker
Peel Hunt LLP
Matthew Armitt / Ross Allister Tel: +44 (0) 20 7418 8900
Public relations
Russell and Associates
Jim Jones / Leigh King Tel: +27 (0) 11 880 3924
Tavistock
Ed Portman / Jos Simson / Mike Bartlett Tel: +44 (0) 20 7920
3150
About Mwana Africa PLC
Mwana Africa PLC is a pan-African, multi-commodity mining and
development company. Mwana's principal operations and exploration
activities cover gold, nickel, copper and diamonds in Zimbabwe, the
Democratic Republic of Congo (DRC) and South Africa.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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