Altus Strategies PLC Appointment of Gerard De Hert to the Board (7736D)
07 March 2022 - 6:01PM
UK Regulatory
TIDMALS
RNS Number : 7736D
Altus Strategies PLC
07 March 2022
Altus Strategies Plc / Index (EPIC): AIM (ALS); TSX-V (ALTS);
OTCQX (ALTUF) / Sector: Mining
7 March 2022
Altus Strategies Plc
("Altus" or the "Company")
Second Representative of La Mancha Appointed to the Board
Altus Strategies Plc (AIM: ALS, TSX-V: ALTS, OTCQX: ALTUF)
announces the appointment of Mr Gérard De Hert as a non-executive
director of the Company, effective immediately. Mr De Hert is
Managing Director (Technical Services) at La Mancha Holding S.à r.l
("La Mancha"). His appointment is in accordance with the terms of
the Strategic Investment Agreement between La Mancha and the
Company ("SIA") approved by shareholders on 18 February 2020 (see
Company announcement of 19 February 2020). Under the terms of the
SIA, La Mancha has certain shareholder rights, including the option
to appoint up to two non-executive directors to the board of the
Company. On 6 April 2020, Mr Karim Nasr, Chief Executive of La
Mancha, was appointed as La Mancha's first representative on the
Altus board.
David Netherway, Chairman of Altus, commented:
"We are delighted with the appointment of Gérard De Hert to
Altus' board. Gérard is the Technical Services MD at La Mancha and
was a non-executive director of TSX-listed Golden Star Resources,
until its recent US$ 470 million acquisition by Chifeng Jilong Gold
Mining Co. in January of this year.
"Prior to joining La Mancha, Gérard held senior management
positions with a number of Africa-focused multinational gold
miners, including eight years with LSE-listed Endeavour Mining,
where he held the role of Senior VP Exploration, prior to which he
worked with IAMGOLD, AngloGold Ashanti and Randgold Resources (now
Barrick Gold). Gérard's technical expertise in the exploration for
and development of mines in Africa will be of considerable value to
Altus as we continue to aggressively grow the business and
specifically to our active gold exploration programmes across Mali
and Egypt. On behalf of the board, I welcome Gérard as a director
and look forward to working with him."
Mr Gérard De Hert, appointed as Non-Executive Director
Mr De Hert serves as Managing Director, Technical Services for
La Mancha, where he oversees the technical assessment of new and
existing investments. For more than 20 years, he has worked on the
appraisal and extraction of several of Africa's largest epigenetic
gold deposits for Endeavour Mining, IAMGOLD, AngloGold Ashanti, and
Randgold Resources (now Barrick Gold). He holds a Masters in
mineralogy and geology from the Catholic University of Louvain as
well as a Masters in mineral exploration from the University of
Leicester. Mr De Hert is a Qualified Professional (QP) registered
with the Mining & Metallurgical Society of America, and is also
registered with the European Federation of Geologists.
Schedule 2(g) of the AIM Rules
Information required under Schedule 2(g) of the AIM Rules for
Companies ("AIM Rules"):
Gérard De Hert, aged 51, is or has been a director of the
following companies in the past five years:
Current directorships and partnerships Past directorships and partnerships
within five years
La Mancha Capital Advisory LLP Golden Star Resources Ltd
------------------------------------
Legend Gold Corp
------------------------------------
Endeavour Mining Services LLP
------------------------------------
Mr De Hert holds no ordinary shares, options or warrants in the
Company.
There are no other matters which are required to be announced in
respect of this appointment under Rule 17 and paragraph (g) of
Schedule 2 of the AIM Rules.
For further information you are invited to visit the Company's
website www.altus-strategies.com or contact:
Altus Strategies Plc Tel: +44 (0) 1235 511 767
Steven Poulton, Chief Executive E-mail: info@altus-strategies.com
SP Angel Corporate Finance LLP (Nominated
Adviser) Tel: +44 (0) 20 3470 0470
Richard Morrison / Adam Cowl
SP Angel Corporate Finance LLP (Broker)
Grant Barker Tel: +44 (0) 20 3470 0471
Rob Rees Tel: +44 (0) 20 3470 0535
Shard Capital Partners LLP (Broker)
Isabella Pierre / Damon Heath Tel: +44 (0) 20 7186 9927
Yellow Jersey PR (Financial PR & IR) Tel: +44 (0) 20 3004 9512
Charles Goodwin / Henry Wilkinson E-mail: altus@yellowjerseypr.com
About Altus Strategies Plc
Altus Strategies (AIM: ALS, TSX-V: ALTS & OTCQX: ALTUF) is a
mining royalty company generating a diversified and precious metal
focused portfolio of assets. The Company's differentiated approach
of generating royalties on its own discoveries in Africa and
acquiring royalties globally through financings and acquisitions
with third parties, has attracted key institutional investor
backing. The Company engages constructively with all stakeholders,
working diligently to minimise its environmental impact and to
promote positive economic and social outcomes in the communities
where it operates. For further information, please visit
www.altus-strategies.com .
TSX Venture Exchange Disclaimer
Neither the TSX Venture Exchange nor the Investment Industry
Regulatory Organisation of Canada accepts responsibility for the
adequacy or accuracy of this release.
Market Abuse Regulation Disclosure
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR. Upon publication
of this announcement, the inside information is now considered to
be in the public domain for the purposes of MAR.
**END**
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