Sovereign Mines of Africa PLC Appointment of new Chief Executive Officer (4449N)
26 October 2016 - 5:00PM
UK Regulatory
TIDMSMA
RNS Number : 4449N
Sovereign Mines of Africa PLC
26 October 2016
26 October 2016
Sovereign Mines of Africa PLC
("SMA" or "the Company")
Appointment of new Chief Executive Officer
Sovereign Mines of Africa PLC (AIM:SML), is pleased to announce
the appointment of Mr. Rupert Street as the new Chief Executive
Officer of the Company, with immediate effect. Rupert will also
join the board of directors. Rupert has over 26 years of financial
and industry experience and his appointment is in line with the
Company's strategy to deliver near term shareholder value.
Rupert (48) is a former Officer in the British Army and is a
highly experienced investment and frontier markets operator having
run businesses for over 26 years across multiple geographies, with
particular experience in Asia, Hong Kong and China. Throughout his
career, Rupert has served as CEO across a range of companies,
successfully building and growing Ptarmigan Eden Asset Management,
a private Special Situations Company with significant experience in
execution across global exchanges, private equity and venture
capital investments supported by Credit Lyonnais Europe and UBS, a
global commodities trading company and most recently Eugen de
Buren, a resource focused Asia centric PE and Public Markets team,
advising international resource companies and both regional and
global PE equity funds.
Giles Clarke, Chairman of Sovereign Mines of Africa said:
"In Rupert we have secured a highly entrepreneurial individual
and I'm delighted to welcome him to the Company. Rupert brings with
him significant international experience of growing and scaling
businesses across the globe and has a track record of aggressively
driving growth and shareholder returns which fits well with the
Company's culture. He joins us at a highly exciting time following
an extensive strategic review of the business and his specific
skills will be invaluable in executing our strategic plans. I and
the rest of the board look forward to working with Rupert."
Rupert Street, CEO, said:
"I am very excited to be joining Sovereign Mines at this time
and am looking forward to working closely with the existing
management team. I look forward to utilizing the skills and network
gained during my previous roles to help progress the Company
through its imminent next phase."
Enquiries:
SOVEREIGN MINES OF AFRICA PLC
Giles Clarke, Chairman - c/o Camarco +44 20 3757 4980
Rupert Street, CEO
SHORE CAPITAL - NOMINATED ADVISER & BROKER
Toby Gibbs - Corporate Finance
Jerry Keen - Corporate Broking +44 207 408 4090
CAMARCO
Billy Clegg / Gordon Poole +44 20 3757 4980
In relation to the appointment of Mr. Street, the Company
confirms that there is no further information to be disclosed under
paragraph (g) of Schedule 2 of the AIM Rules for Companies save as
disclosed below:
Rupert Henry de Sinner Street, aged 48
Current directorships Previous directorships
(past 5 years)
Aardbalm Limited GPP HK Ltd
Ptarmigan and Eden Asset Joland Technologies
Management Limited Limited
Eugen de Buren Limited Safemed Limited
Fara Nor LTD
Coventry Diagnostics
Europe Limited
Three Point One Four
Limited
On 29 April 2013, Aardbalm Limited, of which Rupert Street is a
director, was placed into a company voluntary arrangement (CVA).
The CVA completed on 24 August 2016. It is anticipated that
Aardbalm Limited will now be placed into creditor's voluntary
liquidation and subsequently dissolved.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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