Creon Resources PLC Directorate Change (8143N)
12 September 2013 - 4:00PM
UK Regulatory
TIDMCRO
RNS Number : 8143N
Creon Resources PLC
12 September 2013
12 September 2013
Creon Resources Plc
("Creon" or the "Company")
Directorate Change
Creon (AIM: CRO), the resource and resource infrastructure
focussed investment company, is pleased to announce that Zafarullah
(Zafar) Karim is appointed to the Board as an Executive Director
with immediate effect.
Zafar Karim, 45, brings over two decades of business and
financial experience, including investment banking, investment and
risk management, financial strategy and growing and restructuring
companies, to Creon. Zafar has been the impetus driving change and
growth in several companies where he has served as a board member.
He has also acted as a consultant to various businesses and
entrepreneurs in relation to their financial and investment
strategies. Zafar started his career in 1990 with the investment
banking division of Salomon Brothers. He then worked for several
years for NM Rothschild in in a variety of developed and emerging
markets. Zafar has an M.A. in economics from the University of
Cambridge.
The board also announces that August "Guus" Johannes Francisca
Maria Berting and Aamir Ali Quraishi have resigned as Non-Executive
Directors with immediate effect.
Commenting on the changes, Glen Lau, Chief Executive Officer
said:
"I am delighted to welcome Zafar to the Board of Creon. His
experience and expertise will be invaluable in growing and
achieving Creon's goal of becoming a leading resource and resource
infrastructure investment company. My colleagues and I are very
much looking forward to working with him.
"I would like to take this opportunity to thank Guus and Aamir
for their services to Creon and wish them success in their future
endeavours."
Further information concerning Mr Karim
Current Directorships:
Legendary Investments Plc
New Standard Capital Limited
Past Directorships:
Ensurepay Limited
Epal Limited
Mobilepay Limited
Travelpay Limited
Zabadoo.Com Limited
Bishopbourne Management Company Limited
Earthport Middle East Limited
Earthport USA Limited
Earthport AsiaPac Ltd
Earthport Enterprises Limited Inc.
Earthport Newco Limited
Mr Karim is interested, indirectly, in 0.7% of the issued share
capital Creon. Mr Karim's interest is through Legendary Investments
Plc, of which he holds a 2.09% beneficial interest and is Executive
Chairman. Mr Karim also holds warrants over 109,544,785 Creon
shares. The warrants have time and performance conditions.
There is no further information required relating to Mr Karim to
be disclosed under paragraph (g) of Schedule 2 of the AIM
Rules.
- Ends -
For further information please contact:
Creon Resources Plc Glen Lau, Chief Executive Tel: +65 6224 6766
Officer Tel: + 44 (0) 20 7583
8304
Daniel Stewart & Company Paul Shackleton Tel: + 44 (0) 20 7776
Plc 6550
Newgate Threadneedle Graham Herring Tel: + 44 (0) 20 7653
9850
About Creon Resources Plc
Creon Resources Plc is an investment company whose policy is to
invest principally, but not exclusively, in the resources and
resources infrastructure sectors. Creon has a deep and broad global
network and wide contact base in these sectors, including in East
and South East Asia and the Middle East which it leverages to
source and make investments. These sectors exhibit high growth and
are strategically important. Creon is a proactive investor which
assists its investee companies to grow by providing investment,
expertise and contacts.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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