Appointment of director

RNS Number : 1651O
M. P. Evans Group PLC
30 January 2023
 

M.P. EVANS GROUP PLC

("The Group" or "M.P.Evans")

 

APPOINTMENT OF NEW DIRECTOR

 

The board of M.P.Evans, the producer of sustainable palm oil, is pleased to announce the appointment of Lee Yuan Zhang as a non-executive director with effect from 1 February 2023.

 

Yuan Zhang is the Regional Director (Plantations) of Kuala Lumpur Kepong Berhad ("KLK"), Malaysia.  He was also the President Director of PT KLK Agriservindo, Indonesia.  In this latter capacity, he was responsible for the management of 140,000 hectares of oil-palm plantations across five Indonesian provinces.

 

Yuan Zhang has also held senior marketing and sales roles within the KLK Group, as well as a number of other senior head office roles at KLK.

 

In addition, he is a non-executive director of Batu Kawan Berhad ("BKB"), Malaysia.  BKB holds a controlling shareholding in KLK and the Lee family, of which Yuan Zhang is a member, holds a controlling interest in BKB. KLK owns a 23% shareholding in M.P. Evans. 

 

The following information is disclosed pursuant to rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies:

 

In the previous five years, Lee Yuan Zhang, age 36, who does not have a shareholding in M.P. Evans, has been a director, commissioner or partner of the following companies or partnerships (* indicates still a director, commissioner or partner):

 

Batu Kawan Berhad *

KL-Kepong Plantation Holdings Sdn Bhd*

See Sen Chemical Berhad*

Malay-Sino Chemical Industries Sdn Bhd *

CCM Polymers Sdn Bhd *

Orica-CCM Energy Sdn Bhd *

PT KLK Agriservindo*

PT Safari Riau

Ladang Perbadanan Fima Berhad

KLK Premier Oils Sdn Bhd

Astra-KLK Pte Ltd

PT Agro Makmur Abadi

 

There is no further information required to be disclosed under Rule 17 or Schedule Two (g) of the AIM Rules for Companies.

 

Peter Hadsley-Chaplin, executive chairman of the Group, commented:

 

"We are delighted to be welcoming Yuan Zhang to the board.  We have no doubt that, given his extensive plantation and wider corporate experience, he will contribute very significantly to the Group's affairs".

 

30 January 2023

 

Enquiries:

M.P. Evans Group PLC

+44 (0)1892 516333

Peter Hadsley-Chaplin

Executive chairman

Matthew Coulson

Chief executive

Luke Shaw

Chief financial officer



Peel Hunt LLP (Nomad and joint broker)

+44 (0)20 7418 8900

Dan Webster, Andrew Clark, Lalit Bose




finnCap (Joint broker)

+44 (0)20 7220 0500

Tim Redfern, Harriet Ward




Hudson Sandler (Financial PR)

+44 (0)20 7796 4133

Charlie Jack, Francis Kerrigan, Amelia Craddock




 

 

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