TIDMAAAP 
 
The information contained within this announcement is deemed to constitute 
inside information pursuant to the EU (Withdrawal) Act and amended pursuant to 
Market Abuse (Amended) (EU Exit) Regulations 2019. Upon the publication of this 
announcement, this inside information is now considered to be in the public 
domain. 
 
For immediate release 
 
30 July 2021 
 
                         Anglo African Agriculture plc 
 
                           ("AAA" or the "Company") 
 
 
                                 Board Changes 
 
The Company announces that the Company's non-executive Chairman and director of 
the board, David Lenigas, has decided to step down from both positions with 
immediate effect in order to facilitate the process whereby the Company embarks 
on its new path as a port and marine services business. In the interim Andrew 
Monk will take over as Chairman of the Company. 
 
Over the next couple of months new directors with specific port, marine and 
Africa experience will be appointed to bolster the board. 
 
Andrew Monk commenting, 
 
"I would like to thank David for being our Chairman over the last few years 
when the Company was looking for a significant deal. The last few years have 
not been easy as the Comarco RTO has taken significantly longer than anyone 
could have expected due to circumstances out of our control and Covid-19 has 
also caused numerous delays to complete the deal - probably 16 months. The good 
news is that the RTO is now close to the finish line and so it was time to make 
Board changes to reflect what the Company will look like in the future I have 
retaken the role of Non-executive Chairman in order to ensure a smooth 
transition. 
 
I believe the RTO of Comarco Group will create significant value to the 
Shareholders of AAA both short term and long term and I also believe because 
the port is of such significant strategic importance, that there will be 
considerable interest from outside parties to work with us and before the Covid 
Pandemic started we had already seen this. There are also numerous avenues to 
grow the business to a much larger group of ports and marine services across 
Africa. How the future pans out will almost certainly mean that the Board may 
change in the future and as my objective is purely to restore and grow 
shareholder value, I am expecting that my role could change in a relatively 
short period after the RTO completes and travel restrictions are eased as the 
pandemic comes under control. 
 
AAA is now entering a very exciting time and I look forward to the future with 
enthusiasm." 
 
For further information, please visit www.aaaplc.com or contact the following: 
 
 
Anglo African Agriculture plc 
 
Andrew Monk, Non-Executive Chairman                +44 (0)20 3005 5000 
 
Rob Scott, Executive Director                      +27 (0)84 6006 001 
 
Comarco Group 
Simon Phillips (Chief Executive)                   +27 (0)82 6191 081 
Charlie Pettifer                                   +44 (0)77 8811 4411 
 
VSA Capital Limited (Financial Adviser and         +44 (0)20 3005 5000 
Corporate Broker) 
 
Andrew Raca, Maciek Szymanski 
 
 
 
END 
 
 

(END) Dow Jones Newswires

July 30, 2021 02:01 ET (06:01 GMT)

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