Board Appointment

RNS Number : 5364D
Arc Minerals Limited
29 October 2020
 

29 October 2020

 

 

Arc Minerals Ltd

 

('Arc' or the 'Company')

 

Board Appointment

 

 

 

Arc Minerals Ltd is pleased to announce the appointment of Mr Caleb Mulenga as a Non-Executive Director to its Board of Directors with immediate effect. Mr Mulenga previously spent 8 years at the Development Bank of Zambia, subsequently moving into the private sector and establishing Superior Milling Limited, of which he is currently the Executive Chairman. He currently serves as the Chairman of Access Bank Zambia. Mr Mulenga also holds a bachelor's degree in Business and Economics from the University of Zambia and an MBA from Webster University.

 

Nick von Schirnding, Chairman of Arc Minerals commented:

 

"I am very pleased to welcome Caleb to the board of Arc.  Caleb brings a wealth of business experience, both industrial and mining, to Arc.  His expertise in respect of operating in Zambia will greatly strengthen our board and I very much look forward to working closely together."

 

Caleb Amos Mulenga, aged 62, currently holds or has held the following directorships and partnerships in the last five years:

 

Current directorships

Previous directorships

Access Bank Zambia Ltd

High Street Connect Ltd

MTN (Zambia) Limited

Sanlam Life Insurance Zambia

Pan Africa Soleil Holdings (PASH)

C&A Finance Services

Superior Milling Company Ltd

Woolworths Zambia Ltd

Phoenix of Zambia Assurance Company (2009) Limited

Bright Horizon Limited

Drakensberg Limited

 

Chilibwe Mining Ltd

 

Shearzone Resources Ltd

 

CAM Ltd

 

Townhouse Lodge

 

 

Mr Mulenga holds no ordinary shares or options in the Company.

 

Other than as provided in this announcement, no other disclosures in relation to Mr Mulenga are required under Rule 17 and schedule 2 (g) of the AIM Rules for Companies.

 

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of the Regulation (EU) No 596/2014 until the release of this announcement.

 

Contacts

Arc Minerals Ltd

Nick von Schirnding (Chairman)

 

+44 (0) 20    7917 2942

 

SP Angel (Nominated Adviser & Broker)

Ewan Leggat / Soltan Tagiev

 

+44 (0) 20 3470 0470

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
BOAMZMZGNRVGGZM
UK 100

Latest directors dealings