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)  [phone]

SP Angel (Nominated Adviser & Broker)    [phone]

Ewan Leggat / Adam Cowl

WH Ireland Ltd (Joint Broker)      [phone]

Harry Ansell / Katy Mitchell

 

END

 

 

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