Kenmare Resources Board Update
26 January 2023 - 6:00PM
UK Regulatory
TIDMKMR
Kenmare Resources plc
("Kenmare" or the "Company" or "the Group")
26 January 2023
Board Update
Kenmare Resources plc (LSE:KMR, ISE:KMR), one of the leading
global producers of titanium minerals and zircon, which operates
the Moma Titanium Minerals Mine in northern Mozambique, is pleased
to announce that Issa Al Balushi has been appointed as
Non-Executive Director with immediate effect.
Mr. Issa Al Balushi was nominated as a Non-Executive Director by
African Acquisitions Sarl ("AAS"), Kenmare's largest investor and a
company controlled by Oman Investment Authority ("OIA"). The
appointment was in accordance with the Subscription and
Relationship Agreement entered into on 18 June 2016 by AAS and
Kenmare.
Issa is a Manager in Economic Diversification Investments at
OIA. He has more than 10 years of experience in the financial
industry and has worked as a portfolio manager for several OIA
assets nationally and internationally. Previously he worked at the
Central Bank of Oman as a bank examiner and at EY in Oman as a
Financial Analyst. He is a director of several private companies
owned by OIA or state-owned enterprises but is not a director of
any publicly-quoted companies. Al Balushi holds a Master's degree
in Financial Analysis from UNSW, Sydney and a Bachelor of Science,
Finance from SQU, Muscat.
There are no other matters in respect of Mr. Al Balushi
requiring disclosure under UK Listing Rules 9.6.13(1) to 9.6.13(6)
inclusive.
For further information, please contact:
Kenmare Resources plc
Jeremy Dibb / Michael Starke
Investor Relations
ir@kenmareresources.com
https://www.globenewswire.com/Tracker?data=Pi-IbjL7DgrhWm_Dwoa8Zo6BhEHRK5YjsgEFGLPfSsdjUKBYSWTIDoyjL4X40kHyKInE1zSUsU93GqWcyREXTxAECcyO_iFVf_lTMeExffPltS8g9UGgskZboIW9p1AHvFHoQAm2X2hq6RGNpCOxAEwqkjeyb8XMniwlRhhCLtkfoLX0hF_ne7ybUNvs_W7sMqMPoucRMlruSTC6_ql5x0Mzl1ausiYNqh7fzRpDp6e7A3SzVY7yGD4NHxUNWZIn0vbA3JomqgllYEHTxYtazuQbriiobwJD0uWEERLsT3prhSry4KaMpMp8aQIgJ1suRiUuk9vpAMfSkVFpJ_xGzIaYgZY5VZkxhEbPM9mIsqpj9TSi8U8OjF471w_HQZpSm1izgx6IPrdp6J0sgjQO5qx9UOf2Qj2T7Z2SDV5aoTsMzxGV6yzQql8mqXOCqtKXq4DO_52LAa0x5VJCcdOdwj4GvDT9cYsl-PvMcnmBO9lNCsdsQ7SQMxTsXzk_ZtR4
Tel: +353 1 671 0411
Mob: +353 87 943 0367
Murray (PR advisor)
Paul O'Kane
pokane@murraygroup.ie
https://www.globenewswire.com/Tracker?data=ECRrZm57pmxsD4nvlqdad_Y9NXjts9yj2HmAmTbkQKgUDnSB5PqlRMMtT0gYUCxE8B6P6DizRK_r21P4kA8QtB2rNPS2eFI0LywOIAvtouU=
Tel: +353 1 498 0300
Mob: +353 86 609 0221
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 8% 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.
(END) Dow Jones Newswires
January 26, 2023 02:00 ET (07:00 GMT)
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