Directorate Change

RNS Number : 3607U

Kore Potash PLC

01 April 2021

 

1 April 2021

Kore Potash Plc

("Kore Potash" or the "Company")

Change in Non-Executive Director

Kore Potash plc, the potash development company with 97%-ownership of the Kola and DX Potash Projects in the Sintoukola Basin, located within the Republic of Congo ("RoC"), is pleased to announce the appointment of Mr Sameer Oundhakar as a Non-Executive Director of the Company nominated by the Oman Investment Authority ("OIA") with effect from 1 April 2021.

Sameer replaces Mr Tim Keating who has resigned from the Board with effect from 1 April 2021. 

Mr Oundhakar, aged 47, joined OIA in 2018 and currently holds the position of Senior Manager - Diversified Private Equity Investments. He has extensive private equity experience across diverse industry sectors / geographies and represents OIA on investee company boards in Europe, Latin America and the Middle East. He has lived and worked in the Middle East (OIA, Seera), UK (Boston Consulting Group, Columbia Threadneedle, American Express), France and India (HSBC, Larsen & Toubro). Sameer has a Bachelor's degree with distinction in Mechanical Engineering from VJTI Mumbai, a Post Graduate Diploma in Management from IIM Lucknow and an MBA from INSEAD.  

David Hathorn, Non-executive Chairman, said: "The Board of Kore Potash is very pleased to have Sameer formally join the Board. From mid-2019 Sameer has been attending Kore Potash Board meetings as an observer and is well informed on the Company's business and has been sharing valuable perspectives with the Board.  As the manager of OIA's investment in Kore, it is logical that Sameer formally represents OIA on our Board.

I also wish to thank Tim Keating for his input and support since the initial OIA investment in Kore in 2016. Tim's support was key to OIA's investment in the Company and he has been an active contributor to the Board.  We all wish him well for his future endeavours."

Other than the information disclosed below there is no other information that is required to be disclosed pursuant to paragraph (g) of Schedule Two to the AIM Rules for Companies.

Current directorships

Kenmare Resources plc

Nova S.A.

Strategic & Precious Metals Processing (FZC) LLC

Previous directorships held in the last 5 years

Atlanta MF Cayman Company Limited

Buckeye VEquity Company Limited

Buckeye ML Company LLC

Buckeye US Company Inc

Falak Aviation Fund Company B.S.C.(c)

Falak Investments Limited

Falak Lease 1 Limited

Falak Lease 2 Limited

Falak Lease 7 Limited

Falak Lease 9 Limited

Falak Lease 10 Limited

Falak Lease 11 Limited

Nightingale Cayman Company Limited

Nightingale Lane Project Company Ltd

Real Maroc SARL

SOAG Europe SA

SOAG Oman

US Mutifamily One Property Company

Authorised for release by the Board of Directors.

ENDS

For further information, please visit  www.korepotash.com  or contact:

Kore Potash Brad Sampson - CEO		Tel: [phone]
Tavistock Communications Jos Simson Edward Lee		Tel: [phone]
Canaccord Genuity -  Nomad and Broker James Asensio Henry Fitzgerald-O'Connor		Tel: [phone]
Shore Capital  - Joint Broker Jerry Keen Toby Gibbs James Thomas		Tel: [phone]

 

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