TIDMOBT

RNS Number : 7391V

Obtala Resources Limited

11 August 2015

11(th) August 2015

Obtala Resources Limited

("Obtala" or the "Company")

(AIM: OBT)

Directorate Changes

Obtala Resources Limited (AIM:OBT), the vertically integrated agricultural processing, farming, timber and retail company, is pleased to announce the appointment of Kevin Lawrence Milne (aged 53) to the Board in the role of Executive Deputy Chairman and Miles Christian Pelham (aged 37) as a Non-Executive Director with immediate effect.

Kevin is a Chartered Fellow of the CISI, has enjoyed a long and distinguished career in Global Financial Services, advising, transforming and leading businesses in both developed and developing economies in Europe, Africa, Asia and the Middle East. Kevin is a strong, results driven, customer and outcome focussed business builder who has successfully led and transformed businesses through targeted acquisitions, integration, restructuring, often with complex stakeholder management issues. Kevin has extensive experience operating in highly regulated environments and previous roles have included being the Executive Managing Director; International of Thomson/Omgeo, CEO of the Markets Services division of the International Capital Markets Association and more recently a member of the Executive Committee of the London Stock Exchange Group.

Kevin started his career at the London Stock Exchange in various marketing and business development roles. In 2003 he incorporated his own consultancy, advisory and active investment business recently providing senior advisory services to a number of global companies in the area of M&A, corporate restructuring and capital raises. Kevin has held a number of leadership and senior management positions in the financial sector in the UK, Europe, Asia and Australia and has built a wealth of contacts in Global Financial Markets.

Miles Pelham is currently based on Hong Kong and has worked in finance for the past 18 years, during which time he has held senior investment banking positions at some of the worlds' largest financial institutions. His experience ranges from running trading desks to bond and financial instrument management.

Commenting on today's announcement, Francesco Scolaro, Chairman of Obtala, said: "On behalf of the Board, I would like to welcome Kevin and Miles to Obtala. Kevin brings a wealth of experience in finance and corporate management which will greatly benefit and complement the Company as we continue to execute on our corporate growth plans. Miles being based in Asia provides an opportunity to introduce the Company to a new range of investors as we continue to provide strong leadership and advance our established growth and development plans for the Group."

Directorships and partnerships currently held or previously held in the last five years by Kevin Milne are as follows:

Current

Due Diligence Reports Limited

London Skolars Limited

Past 5 years

Cassa di compensazione e garanzia spa

Monte Titoli spa

Serenity Foundation

Thorn Medical plc

Kevin Milne and his wife collectively hold 122,252 ordinary shares in the Company. Other than the above, there is no further information on Kevin Milne required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

Directorships and partnerships currently held or previously held in the last five years by Miles Pelham are as follows:

Current

None

Past 5 years

None

Miles Pelham and his wife collectively hold 12.8 million ordinary shares in the Company. Other than the above, there is no further information on Miles Pelham required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

 
Obtala Resources 
 Francesco Scolaro - Chairman 
 Simon Rollason - Managing Director 
 www.obtalaresources.com                 +44 (0) 20 7099 1940 
ZAI Corporate Finance Limited (Nomad) 
 Ray Zimmerman 
  Richard Morrison                       +44 (0)20 7060 2220 
Brandon Hill Capital (Broker) 
 Jonathan Evans                          +44 (0)20 3463 5000 
Square 1 Consulting (Public Relations) 
 David Bick 
  Mark Longson                           +44 (0)20 7929 5599

This information is provided by RNS

The company news service from the London Stock Exchange

END

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