Capital Drilling Limited Board Changes (8408V)
26 July 2018 - 4:30PM
UK Regulatory
TIDMCAPD
RNS Number : 8408V
Capital Drilling Limited
26 July 2018
Capital Drilling Limited
("Capital Drilling", the "Group" or the "Company")
Board Changes
Capital Drilling, a leading drilling solutions company focused
on the African markets, today announces the appointment of Mr
Michael Rawlinson as an Independent Non-Executive Director and the
Company's Remuneration Committee Chairman with effect from 1 August
2018. Mr Rawlinson will replace Mr Craig Burton, who intends to
step down from the Board on 31 August 2018.
Mr Rawlinson brings extensive knowledge of financial and capital
markets, particularly within the global mining sector. He has over
20 years' investment banking experience with both private and
public companies. Michael became Senior Non-Executive Director at
Hochschild Mining plc on 1 January 2018, having joined that Board
in January 2016. In addition, he has previously held Board
positions at Liberum Capital and Talvivaara Mining plc.
Most recently he was Global Co-Head of Mining and Metals with
Barclays up to June 2017, undertaking advisory roles for mergers
and acquisitions ("M&A"), together with US$2.5 billion of debt
and equity transactions during his stewardship.
He started his career at the investment bank Flemings before
moving to Cazenove & Co in 1996 to head up their global mining
research. After having made partner and Cazenove forming a JV with
JP Morgan, Michael became Head of EMEA Mining Metals at JP Morgan
where he advised on many landmark initial public offerings
("IPOs"), capital raisings and M&A transactions. In 2007, he
left to become a founding Director of Liberum Capital (Liberum), an
investment banking and advisory company providing capital raising;
restructuring; IPOs; and M&A services. Liberum grew to attract
an institutional client base of over 500, together with more than
55 corporate clients.
Mr Rawlinson's professional qualifications include a Bachelor of
Social Science Economics (1(st) Class Honours) from the University
of Birmingham and a Master of Science Environmental and Resource
Economics from University College London.
Mr Rawlinson is considered to meet the requirements to be
classified as an independent director under the UK Corporate
Governance Code. He and Mr Burton will undertake a transition
period following the finalisation of the company's first half
results.
Commenting on Mr Rawlinson's appointment, Executive Chairman of
Capital Drilling, Jamie Boyton, said:
"We welcome Mr Rawlinson to our Board as an Independent
Non-Executive Director and Chairman of our remuneration committee.
In support of our commitment to corporate governance best practice,
his appointment also continues a long association with Capital
Drilling, having advised on Capital Drilling's IPO on the Premium
segment of the Main Market of the London Stock Exchange in 2010.
His broad experience in capital markets in the sector, particularly
within the UK, will contribute significantly to our Board's
capabilities. I would also like to thank Mr Burton for his valuable
contributions to Capital Drilling over the past eight years."
The Company confirms that there is no further information
required to be disclosed pursuant to paragraph 9.6.13 of the UK
Listing Rules.
For further information, please visit Capital Drilling's website
www.capdrill.com or contact:
Capital Drilling Limited +230 464 3250
Jamie Boyton, Executive Chairman investor@capdrill.com
André Koekemoer, Chief Financial Officer
finnCap Ltd +44 20 7220 0500
Christopher Raggett, Corporate Finance
Camille Gochez, Corporate Broking
Tamesis Partners LLP +44 20 3882 2868
Charlie Bendon
Richard Greenfield
Buchanan +44 20 7466 5000
Bobby Morse capitaldrilling@buchanan.uk.com
Gemma Mostyn-Owen
About Capital Drilling
Capital Drilling provides specialised drilling services to
mineral exploration and mining companies in emerging and developing
markets, for exploration, development and production stage
projects. The Company currently owns and operates a fleet of 95
drilling rigs with established operations in Botswana, Côte
d'Ivoire, Egypt, Ghana, Kenya, Mali, Mauritania and Tanzania. The
Group's corporate headquarters are in Mauritius.
This information is provided by RNS, the news service of the
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contact rns@lseg.com or visit www.rns.com.
END
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