Directorate Change

RNS Number : 9623G

Obtala Resources Limited

10 March 2015

 

10 March 2015

Obtala Resources Limited

("Obtala" or the "Company")

(AIM: OBT)

Directorate Change

Obtala Resources Limited (AIM:OBT), the vertically integrated agri-processing, farming, timber and retail company, is pleased to announce the appointment of Emma Priestley to the Board as an Executive Director with immediate effect.

Emma Priestley specializes in Africa and emerging market sectors, developing and advising companies.  In this capacity, until its successful takeover, she was an Executive Director of Lonrho Plc, focusing on opportunities in agriculture, logistics, infrastructure, and natural resources, and attracting investors to them, both in equity and structured finance.

Emma is on the board of Stratex International Plc as business development and market liaison, in conjunction with this she is an adviser with African Resource Capital focused on investments on the African Continent.  Previously, Emma has worked with GVA Grimley and IMC Mackay & Schnellmann, investment bank CSFB, advisers VSA Resources, Ambrian Partners, where she worked as corporate broker and adviser. Emma is a graduate of Camborne School of Mines, is a chartered Mining Engineer and Chartered Mineral Surveyor.

Commenting on today's announcement, Francesco Scolaro, Chairman of Obtala, said: "On behalf of the Board, I would like to welcome Emma to Obtala. Emma brings a wealth of experience in the agricultural and related logistics sector in Africa which will greatly benefit and complement the Company as we continue our corporate growth plans."

Obtala Resources Francesco Scolaro - Chairman Simon Rollason - Managing Director www.obtalaresources.com	[phone]
ZAI Corporate Finance Limited (Nomad)               Ray Zimmerman Richard Morrison	[phone]
Brandon Hill Capital  (Broker)    Jonathan Evans	[phone]
Square 1 Consulting (Public Relations)  David Bick Mark Longson	[phone]

The following information is disclosed under Schedule 2g of the AIM Rules.

Emma Kinder Priestley, aged 42, currently holds or previously held in the last five years the following directorships and partnerships:

Current

African Resource Capital Ltd

Stratex International Plc

Stellar Resources plc

Santon Consultancy Services Limited

Past

Aldeamento Turistico de Macuti SARL

Blueberry International Services Limited

Celsys Limited
Complete Enterprise Solutions Limited

Complete Enterprise Solutions (Pty) Limited

Five Forty Africa (BVI) Limited

Five Forty Aviation Limited

ForgetMeNot Africa Limited

Gardoserve (Pvt) Limited (trading as Millpal Chamicals)

Goldstone Resources Plc

Hotel Cardoso SARL
Indit Technology Distribution (Pty) Limited

Lonrho Africa (Holdings) Limited
Lonrho Agribusiness (BVI) Limited
Lonrho Air Africa (BVI) Limited
Lonrho Air (BVI) Limited
Lonrho Air (2) BVI Limited
Lonrho Air (3) BVI limited
Lonrho Aviation (BVI) Limited
Lonrho Food Supply Chain Management Limited

Lonrho Holdings Limited
Lonrho Hotels Management Services BVI Limited

Lonrho Infrastructure (BVI) Limited
Lonrho Investments Limited

Lonrho Management Services Limited

Lonrho Oil (Malawi) Limited
Lonrho PLC (now Lonrho Limited)
Lonrho Springs Limited

Lonzim Air (BVI) Limited
LonZim PLC (now Cambria Africa Plc)
Luba Freeport Limited
Morningdale Properties (Pvt) Limited

Peak Mine (Pvt) Limited

Rex Mining (Pvt) Limited
Sociadade Commercial Bytes & Pieces Limitada

Southern Africa Management Services Limited

Swissta Holdings Limited
Swissta Mozambique Lda
Wardlaw (1989) Limited

Ms Priestley does not hold any shares in the Company. Her former married name was de Borchgrave d'Altena.

 

END

 

 

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