Changes in Board Roles

RNS Number : 2413R

Edenville Energy PLC

28 October 2019

 

28 October 2019

EDENVILLE ENERGY PLC

("Edenville" or the "Company")

Changes in Board Roles

Edenville Energy Plc (AIM: EDL), the AIM quoted company developing the Rukwa coal project in southwest Tanzania, is pleased to announce the appointment of Mr Alistair Muir as the Company's new Chief Executive Officer with effect from 1 November 2019.

Mr Muir joined the Company's Board as a Non-Executive Director on 25 September 2019 and has over 25 years operational experience within the mining industry, having spent the majority of that time working in the coal, uranium and iron ore sectors.  He has extensive expertise in open-pit mine development, project evaluation and exploration, particularly in the coal and power generation sectors, having worked on both thermal and coking coal initiatives.

Rufus Short, will step down from the position of Chief Executive Officer on 1 November 2019 in order to be able to devote more time to family and other interests.  He will continue as a Director of the Company in a Non-Executive capacity.

The Company also announces that it has appointed Buckingham Corporate Services Limited as its Company Secretary, replacing David Venus & Company LLP.

Jeffrey Malaihollo, Non-Executive Chairman of Edenville, commented: "I am pleased that we have someone of the calibre of Alistair to take on the role of Chief Executive.  He has a wealth of operational mining experience, including in Tanzania.  In particular his international coal mining experience, coupled with project management expertise, make him ideally suited to his new role as we continue to progress our flagship Rukwa coal project in Tanzania.

"I would like to thank Rufus for his contribution to the Company as Chief Executive as we moved from an exploration company to a coal producer.  I look forward to continuing to work with him in his new non-executive role and benefiting from his valuable advice and assistance."

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

For further information please contact:

Edenville Energy Plc Jeff Malaihollo - Chairman	[phone]
SP Angel Corporate Finance LLP (Nominated Adviser and Joint Broker) David Hignell Charlie Bouverat Abigail Wayne	[phone]
Brandon Hill Capital Ltd (Joint Broker) Oliver Stansfield, Jonathan Evans	[phone]
IFC Advisory Limited (Financial PR and IR) Tim Metcalfe Graham Herring Florence Chandler	[phone]

 

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