Board Appointment

RNS Number : 5364D

Arc Minerals Limited

29 October 2020

 

29 October 2020

Arc Minerals Ltd

('Arc' or the 'Company')

Board Appointment

Arc Minerals Ltd is pleased to announce the appointment of Mr Caleb Mulenga as a Non-Executive Director to its Board of Directors with immediate effect. Mr Mulenga previously spent 8 years at the Development Bank of Zambia, subsequently moving into the private sector and establishing Superior Milling Limited, of which he is currently the Executive Chairman. He currently serves as the Chairman of Access Bank Zambia. Mr Mulenga also holds a bachelor's degree in Business and Economics from the University of Zambia and an MBA from Webster University.

Nick von Schirnding, Chairman of Arc Minerals commented:

"I am very pleased to welcome Caleb to the board of Arc.  Caleb brings a wealth of business experience, both industrial and mining, to Arc.  His expertise in respect of operating in Zambia will greatly strengthen our board and I very much look forward to working closely together."

Caleb Amos Mulenga, aged 62, currently holds or has held the following directorships and partnerships in the last five years:

Current directorships	Previous directorships
Access Bank Zambia Ltd	High Street Connect Ltd
MTN (Zambia) Limited	Sanlam Life Insurance Zambia
Pan Africa Soleil Holdings (PASH)	C&A Finance Services
Superior Milling Company Ltd	Woolworths Zambia Ltd
Phoenix of Zambia Assurance Company (2009) Limited	Bright Horizon Limited
Drakensberg Limited
Chilibwe Mining Ltd
Shearzone Resources Ltd
CAM Ltd
Townhouse Lodge

Mr Mulenga holds no ordinary shares or options in the Company.

Other than as provided in this announcement, no other disclosures in relation to Mr Mulenga are required under Rule 17 and schedule 2 (g) of the AIM Rules for Companies.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of the Regulation (EU) No 596/2014 until the release of this announcement.

Contacts

Arc Minerals Ltd Nick von Schirnding (Chairman)	[phone]
SP Angel (Nominated Adviser & Broker) Ewan Leggat / Soltan Tagiev	[phone]

 

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