Metminco Limited Appointment of Non-Executive Director (8806Z)
March 20 2017 - 2:00AM
UK Regulatory
TIDMMNC
RNS Number : 8806Z
Metminco Limited
20 March 2017
20 March 2017
APPOINTMENT OF NON-EXECUTIVE DIRECTOR
Metminco Limited ("Metminco" or the "Company") (ASX: MNC; AIM:
MNC) is pleased to announce the appointment of Mr. Ram Venkat as a
Non-Executive Director of the Company effective 20 March 2017. Mr
Venkat was nominated by Metminco's 8.62% shareholder, Redfield
Asset Management Pty Limited.
Mr. Venkat is a seasoned capital markets executive who has
worked across the Investment Banking, Equity Capital Markets,
Mergers & Acquisitions and multi-asset Structuring groups at
several global investment banks. Most recently, Ram was a Director
at a leading Australian investment bank, and prior to that
Citigroup Global Markets where he was responsible for structuring
funding solutions and providing capital structuring advice to
corporate clients.
Mr Venkat's career has focused on helping companies navigate
through complex and evolving landscapes of risk, including
strategic, growth, funding/capital, acquisition and market-related.
He is passionate about helping businesses achieve their strategic
objectives and brings an extensive global network to help the
Company achieve its goals.
Ram has an undergraduate BASc degree in Electrical &
Computer Engineering from the University of Toronto, and an M.B.A.
from the Rotman School of Management at the University of Toronto
(summa cum laude).
Ram combines the knowledge and skillset of an engineer, his
extensive experience in investment banking and his record of
working with companies to achieve sustainable profitability,
coupled with his experience in financial structuring and corporate
oversight, to bring valuable and differentiated skills to the board
room.
In the previous 5 years, Mr Venkat, aged 34, has been a director
of the following companies:
Company name Country of incorporation Former / current
director
-------------------------- ------------------------- -----------------
Redfield Asset Management Australia Current
Pty Ltd
========================== ========================= =================
Redfield Advisory Australia Current
Pty Ltd
Redfield Advisory Australia Current
2 Pty Ltd
========================== ========================= =================
Entreri Pty Ltd Australia Current
Ram Consulting Pty Australia Current
Ltd
========================== ========================= =================
Other than as provided in this announcement, no additional
disclosures are required under Schedule 2 Annex II (g) of the AIM
Rules for Companies in relation to Mr Venkat.
Metminco Chairman, Phillip Wing said, "We are delighted to
welcome Ram to the Board of Metminco. Ram's experience in the
capital markets combined with a strong engineering background will
enable Ram to make a very valuable contribution to the Board."
Commenting on his appointment, Ram Venkat said, "I am pleased to
be joining the Board at this important time in Metminco's
development and to have the opportunity to contribute within a
sector of great interest to me. As nominee of the shareholder with
a significant interest of approximately 8.62%, our interests are
aligned with the Company's other shareholders and I am committed to
the Company's strategy of transitioning into a near term gold
producer and a successful mid-tier mining company in the longer
term."
William Howe
Managing Director
For further information,
please contact:
METMINCO LIMITED
Phil Killen Office: +61 (0) 2
9460 1856
NOMINATED ADVISOR AND BROKER
RFC Ambrian
Australia
Will Souter / Nathan Forsyth Office: +61 (0) 2
9250 0000
United Kingdom
Charlie Cryer Office: +44 (0) 20
3440 6800
JOINT BROKER
SP Angel Corporate Finance
LLP (UK)
Ewan Leggat Office: +44 (0) 20
3470 0470
PUBLIC RELATIONS
Camarco
United Kingdom
Gordon Poole / Tom Huddart Office: + 44 (0) 20
3757 4997
----------------------------- --------------------
Forward Looking Statement
All statements other than statements of historical fact included
in this announcement including, without limitation, statements
regarding future plans and objectives of Metminco are
forward-looking statements. When used in this announcement,
forward-looking statements can be identified by words such as
"anticipate", "believe", "could", "estimate", "expect", "future",
"intend", "may", "opportunity", "plan", "potential", "project",
"seek", "will" and other similar words that involve risks and
uncertainties.
These statements are based on an assessment of present economic
and operating conditions, and on a number of assumptions regarding
future events and actions that, as at the date of this
announcement, are expected to take place. Such forward-looking
statements are not guarantees of future performance and involve
known and unknown risks, uncertainties, assumptions and other
important factors, many of which are beyond the control of the
Company, its directors and management of Metminco that could cause
Metminco's actual results to differ materially from the results
expressed or anticipated in these statements.
The Company cannot and does not give any assurance that the
results, performance or achievements expressed or implied by the
forward-looking statements contained in this announcement will
actually occur and investors are cautioned not to place undue
reliance on these forward-looking statements. Metminco does not
undertake to update or revise forward-looking statements, or to
publish prospective financial information in the future, regardless
of whether new information, future events or any other factors
affect the information contained in this announcement, except where
required by applicable law and stock exchange listing
requirements.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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