Board Appointment

RNS Number : 9400J
Arc Minerals Limited
27 August 2021
 

27 August 2021

 

Arc Minerals Ltd

 

('Arc Minerals' or the 'Company')

 

 

Board Appointment

 

 

Arc Minerals is pleased to announce the appointment of Valentine Chitalu as a Non-Executive Director to the Board of Arc Minerals as of today's date.

 

Mr Chitalu is an entrepreneur in Zambia and southern Africa specialising in private equity and local private sector development. He is the co-founder and Chairman of Phatisa Group, a private equity fund manager in Sub-Saharan Africa. He has previously worked for the CDC Group in London and Lusaka, focusing on identifying investment opportunities and portfolio management. He was Chief Executive Officer of the Zambian Privatisation Agency where he was responsible for the divestiture of over 240 enterprises. Mr Chitalu is a Chartered Certified Accountant and holds a Masters in Economics from Cambridge University.

 

Nick von Schirnding, Executive Chairman of Arc Minerals, commented:

 

"I am delighted that Valentine has agreed to join our board which further strengthens our Zambian presence. Valentine brings a wealth of experience as a successful entrepreneur with an extensive international and Zambian network both within the mining sector and beyond.  I look forward to working closely with Valentine as we progress our exciting exploration projects in Zambia."

 

Valentine Chitalu, aged 57, currently holds or has held the following directorships and partnerships over the last five years:

 

Current directorships

Previous directorships (within the last 5 years)

AgDevCo UK Ltd

Aflife Group

African Energy Resources Limited

CDC Group plc

African Parks Network

National Breweries plc

Air Liquide

Zambian Breweries plc

Choppies Supermarket Limited


GIAP/Lango Real Estate, Mauritius


Lomax Investments Limited


Mabiza Resources Ltd


Minbos Resources Limited


MTN (Zambia) Limited


MTN Mobile Money Limited


Nsano Group (Z) Ltd


PASH Global (Singapore)


Phatisa Group


Super Group, South Africa


 

Mr Chitalu does not hold any shares or options in the Company.

 

Except as disclosed in this announcement, neither the Company nor Mr Chitalu are aware of any further disclosures that are required in respect of the appointment of Mr Chitalu under Rule 17 paragraph (g) of Schedule Two of the AIM Rules for Companies.

 

Contacts

 

Arc Minerals Ltd

 

Nick von Schirnding (Chairman)  +44 (0) 20 7917 2942

 

SP Angel (Nominated Adviser & Broker)    +44 (0) 20 3470 0470

 

Ewan Leggat / Adam Cowl

 

WH Ireland Ltd (Joint Broker)      +44 (0) 20 7220 1666

 

Harry Ansell / Katy Mitchell

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