Kenmare Resources Board Update
October 29 2021 - 1:00AM
UK Regulatory
TIDMKMR
Kenmare Resources plc
("Kenmare" or "the Company" or "the Group")
29 October 2021
Board Update - Notification Under Listing Rule 9.6.11
Kenmare Resources plc (LSE:KMR, ISE:KMR), one of the leading
global producers of titanium minerals and zircon, announces that
Mr. Peter Bacchus has notified the Company that he intends to step
down from the Board of Directors of the Company with effect from 31
December 2021, after nearly five years on the board.
In light of Mr. Bacchus's departure, the following changes will
be made to Directors' responsibilities, which will take effect at
that time:
-- Mr. Graham Martin will replace Mr. Bacchus as Senior Independent Director
and as Chair of the Nomination Committee;
-- Dr. Elaine Dorward-King will replace Mr. Bacchus as a member of the Audit
& Risk Committee;
-- Mr. Clever Fonseca will replace Mr. Bacchus as a member of the
Remuneration Committee; and
-- Ms. Deirdre Somers will replace Mr. Bacchus as a member of the Nomination
Committee.
Statement from Steven McTiernan, Chairman of Kenmare:
"On behalf of the Board, I would like to sincerely thank Peter
for his contributions towards Kenmare's success in recent years. He
has provided important guidance on markets and strategy, which have
been invaluable in helping steer Kenmare's growth and improved
profitability. His enthusiasm for Kenmare will be missed, and we
wish him well in his future endeavours.
Mette Dobel will join the board from 1 January 2022, as
previously announced, putting the Company in line with our
intention for female directors to represent one third of the Board
by no later than the 2022 Annual General Meeting."
For further information, please contact:
Kenmare Resources plc
Jeremy Dibb
Corporate Development & Investor Relations
ir@kenmareresources.com
https://www.globenewswire.com/Tracker?data=ue-_DTpRonLsz9l21j7JvU-O5g3gJv5oWWML6LxpqxCxbP3ZlJauhtg5-XQtTKx33W0ZTV220AnuM1yPFdoeiVWlMEipTZ5mSAB_UlOHP7nXX6dVIXrNhvtbZVjB3YEFwLIGRoNPHetKhorzuz4bkldX2Z3V0-sdnnxrJTH3hCqk7UNy5UCzxSv5XDZmyppM-C-uwZtPeTbZn7vf7q2KyQ_rSd3R3lWapjDSqzJHMfepwA5xjuRf9Sgy3fxHQhnPWJDA4TeribLM31t-7w1B_s4Oi9Upv9LczoNRGVqmJIs5QywKhso9TwiVTstsUaOFxk7uYbzmbM4i4r-DT7rFl_wu8BmR8tMoiBzdp7T_YOeKqPU77UKd5v-Kem_XVmOT1pEhjcmGsmBd0CraD3afIurmFxw_D3NNud19actm4ZzyFCth9-EM8Ov873uIoIiHsS-u5-d0Btj6yQYAdbVGZHidEp9VBaOVgHOb5kxbal54jD-bXSV1pd52umc5YnUD
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 5% 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
October 29, 2021 02:00 ET (06:00 GMT)
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