TIDMKMR 
 
 
   Kenmare Resources plc ("Kenmare" or "the Company") 
 
   17 March 2021 
 
   Board Update 
 
   Kenmare Resources plc (LSE:KMR, ISE:KMR), one of the leading global 
producers of titanium minerals and zircon, which operates the Moma 
Titanium Minerals Mine in northern Mozambique, announces the following 
update regarding the Group's Board. 
 
   Gabriel Smith has decided not to stand for re-election as a 
Non-Executive Director at this year's AGM, following eight years of 
service on the Board. Gabriel joined the Board in March 2013 and has 
served as Chairman of the Audit & Risk Committee and as a member of the 
Remuneration and Nomination Committees. 
 
   Deirdre Somers will replace Gabriel Smith as the Chair of the Audit & 
Risk Committee and become a member of the Remuneration Committee with 
effect from the conclusion of the AGM. The other members of the Audit & 
Risk Committee remain Peter Bacchus and Clever Fonseca. There are no 
other changes to the Board's Committees. 
 
   Separately, Tim Keating, a Non-Executive Director of Kenmare Resources 
plc, has informed the Company that he will step down from the Company's 
Board of Directors effective immediately. Tim was appointed as a 
Non-Executive Director of the Company on 14 October 2016, having been 
nominated by African Acquisition Sarl, Kenmare's largest shareholder and 
a company controlled by Oman Investment Authority (OIA). Tim has stepped 
down from his role at the OIA and therefore is stepping down from the 
Board. 
 
   Sameer Oundhakar has been nominated by African Acquisition Sarl and 
joins the Board immediately as a Non-Executive Director. Mr. Oundhakar 
joined OIA in 2018 and is a Senior Manager in the Diversified Private 
Equity Investments department of OIA. He has extensive Private Equity 
experience across industry sectors and geographies. Mr. Oundhakar has a 
Bachelor's degree with distinction in Mechanical Engineering from VJTI 
Mumbai, a Post Graduate Diploma in Management from the Indian Institute 
of Management Lucknow and an MBA from INSEAD. 
 
   There are no other matters in respect of Mr. Oundhakar requiring 
disclosure under UK Listing Rules 9.6.13(1) to 9.6.13(6) inclusive. 
 
   Statement from Steven McTiernan, Chairman of Kenmare: 
 
   "I would like to sincerely thank Tim and Gabriel for their invaluable 
contributions to the Board during their respective tenures. 
 
   Gabriel's significant industrial and financial experience, and effective 
stewardship as Chair of the Audit & Risk Committee, has been of huge 
importance to the progress and success of the Company. 
 
   Tim has had a critical impact on the success of Kenmare over the last 
four and a half years, beginning with his visionary support for the 
Company following the investment by the OIA in 2016. Subsequently, as a 
Non-Executive Director, Tim's mining and corporate finance wisdom has 
been of immense importance in guiding the Company forward to its current 
level of success. 
 
   We wish them both well in their future endeavours. 
 
   We are delighted to welcome Sameer Oundhakar to the Board and we look 
forward to working with him and benefitting from his expertise and 
diverse experience." 
 
   For further information, please contact: 
 
 
 
   Kenmare Resources plc 
 
   Jeremy Dibb 
 
   Investor Relations 
 
   https://www.globenewswire.com/Tracker?data=2pvM88CeLpV4oDU9gafDLWMO5I3NuiUkXtRBuC3Mu3KDffpypc0hLBLaNGG0EnJ_DhKDY7P_uXoAWM-vtJPoK9sqn7r_WqGaWAHclprfa5Q= 
ir@kenmareresources.com 
 
   Tel: +353 1 671 0411 
 
   Mob: + 353 87 943 0367 
 
   Murray (PR advisor) 
 
   Joe Heron 
 
   Tel: +353 1 498 0300 
 
   Mob: +353 87 690 9735 
 
   About Kenmare Resources 
 
   Kenmare Resources plc is one of the world's largest producers of mineral 
sands products. Listed on the London Stock Exchange and the Euronext 
Dublin, Kenmare operates the Moma Titanium Minerals Mine in Mozambique. 
Moma's production accounts for approximately 7% of global titanium 
feedstocks and the Company supplies to customers operating in more than 
15 countries. Kenmare produces raw materials that are ultimately 
consumed in everyday "quality-of life" items such as paints, plastics 
and ceramic tiles.

(END) Dow Jones Newswires

March 17, 2021 03:00 ET (07:00 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
Kenmare Resources (LSE:KMR)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Kenmare Resources Charts.
Kenmare Resources (LSE:KMR)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Kenmare Resources Charts.