Lonmin PLC Directorate Change (2474Q)
15 February 2019 - 11:00PM
UK Regulatory
TIDMLMI
RNS Number : 2474Q
Lonmin PLC
15 February 2019
LEI No: 213800FGJZ2WAC6Y2L94
15 February 2019
REGULATORY RELEASE
DIRECTORATE CHANGE
Lonmin Plc (the "Company" or "Lonmin") today announces the
appointment of Sizwe Nkosi as a non-independent non-executive
director of the Company, with effect from 1 March 2019.
Mr Nkosi (43) is the chief financial officer at Phembani Group
Pty Limited ("Phembani"), Lonmin's Black Economic Empowerment
partner, and has been nominated to the Board pursuant to the
contractual arrangement with Phembani.
Mr Nkosi is a qualified chartered accountant and holds an MBA
from the University of Cape Town. He has more than 15 years'
experience in the mining sector, predominantly in coal, diamonds,
phosphates and commodities trading. Mr Nkosi was previously the
chairperson of the Eastern Region Members in Business Council in
South Africa and served on the South African Institute of Chartered
Accountants Broad Based Black Economic Empowerment Charter
Council.
Mr Nkosi replaces Kennedy Bungane as Phembani's nominee to the
Lonmin Board, however, in light of Mr Bungane's skills, experience
and commitment to the Company, the Board has requested, and Mr
Bungane has agreed, to remain a non-executive director of
Lonmin.
Brian Beamish, Lonmin's Chairman, said "I am pleased to welcome
Sizwe to our Board. He brings with him considerable experience,
particularly in the South African context, and I have no doubt he
will be a much valued contributor to the Lonmin Board.
Kennedy's decision to remain on the Lonmin Board as a
non-executive director in his own right is also most welcome. He is
a valued member of the team and we are pleased to be able to
continue to draw on his knowledge and experience during this
important period for the Company."
In accordance with the Listing Rules, Lonmin confirms that there
are no additional matters that would require disclosure under LR
9.6.13R (1) to (6). Mr Nkosi has no direct beneficial interests in
Lonmin ordinary shares of $0.0001 each.
Enquiries:
Lonmin:
Seema Kamboj
Company Secretary
00 44 20 3908 1071
Tanya Chikanza
Executive Vice President: Corporate Strategy, Investor Relations
and Corporate Communications
00 44 20 3908 1073
+27 83 391 2859
Media:
TB Cardew
Anthony Cardew / Emma Crawshaw
00 44 20 7930 0777
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END
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