Board Update
Kenmare Resources plc
(“Kenmare” or “the Company” or “the Group”)
29 October 2021
Board Update -
Notification Under Listing Rule
9.6.11
Kenmare Resources plc (LSE:KMR, ISE:KMR), one of the leading
global producers of titanium minerals and zircon, announces that
Mr. Peter Bacchus has notified the Company that he intends to step
down from the Board of Directors of the Company with effect from 31
December 2021, after nearly five years on the board.
In light of Mr. Bacchus’s departure, the following changes will
be made to Directors' responsibilities, which will take effect at
that time:
- Mr. Graham Martin will replace Mr. Bacchus as Senior
Independent Director and as Chair of the Nomination Committee;
- Dr. Elaine Dorward-King will replace Mr. Bacchus as a member of
the Audit & Risk Committee;
- Mr. Clever Fonseca will replace Mr. Bacchus as a member of the
Remuneration Committee; and
- Ms. Deirdre Somers will replace Mr. Bacchus as a member of the
Nomination Committee.
Statement from Steven McTiernan, Chairman of
Kenmare:“On behalf of the Board, I would like to sincerely
thank Peter for his contributions towards Kenmare’s success in
recent years. He has provided important guidance on markets and
strategy, which have been invaluable in helping steer Kenmare’s
growth and improved profitability. His enthusiasm for Kenmare will
be missed, and we wish him well in his future endeavours.
Mette Dobel will join the board from 1 January 2022, as
previously announced, putting the Company in line with our
intention for female directors to represent one third of the Board
by no later than the 2022 Annual General
Meeting.”
For further information, please contact:
Kenmare Resources plcJeremy DibbCorporate
Development & Investor
Relationsir@kenmareresources.comTel: +353 1 671 0411Mob: +353 87
943 0367
Murray (PR advisor)Joe HeronTel: +353 1 498
0300Mob: +353 87 690 9735
About Kenmare Resources
Kenmare Resources plc is one of the world's
largest producers of mineral sands products. Listed on the London
Stock Exchange and the Euronext Dublin, Kenmare operates the Moma
Titanium Minerals Mine in Mozambique. Moma's production accounts
for approximately 5% of global titanium feedstocks and the Company
supplies to customers operating in more than 15 countries. Kenmare
produces raw materials that are ultimately consumed in everyday
"quality-of life" items such as paints, plastics and ceramic
tiles.
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