Appointment of Non-Executive Director

Bens Creek Group PLC

26 July 2023

 

26 July 2023

Bens Creek Group plc

("Bens Creek", the "Group" or the "Company")

Appointment of Non-Executive Director

Bens Creek Group plc (AIM:BEN), the owner of a metallurgical coal mine in North America supplying the steel industry, is pleased to announce that Rajesh Johar has joined the board of Bens Creek as a Non-Executive Director.

As detailed in the Company's announcement published on 12 May 2023, Avani Resources Pte Ltd ("Avani"), the Company's largest shareholder owning 29.86% of the current issued share capital of Bens Creek, has the right to appoint one director to the board of the Company as long as it holds more than 20 per cent. of the voting rights in the Company. Rajesh Johar is a Director at Avani and has been nominated to the board of the Company on recommendation by Avani.

Rajesh is a co-founder and current shareholder of Avani. He leads acquisitions and business development at Avani. Prior to founding Avani, Rajesh was the head of the commodities trade & agriculture team at Standard Chartered Bank's transaction banking division in Singapore. At Standard Chartered, Rajesh gained experience in the trading and financing of commodity businesses. Rajesh was also a vice president in the structured finance division at Credit Suisse in India. He has also had roles at Tata Steel Limited and Cargill, Inc. Rajesh is a trained engineer, having graduated from the Indian Institute of Technology, Kharagpur with a degree in mining engineering. He also has a post-graduate diploma in business management from the Indian Institute of Management, Bangaluru.

Adam Wilson, Chief Executive Officer of Bens Creek, commented:

"Having been an entrepreneur for more than a decade, Rajesh has gained significant experience in volatile commodity markets. His skill set is a valuable addition to the Company's Board as we strive to be significant player in the metallurgical coal market."

Further regulatory disclosures

The following additional information is provided in accordance with Rule 17 and Schedule Two Paragraph (g) of the AIM Rules.

Rajesh Johar, age 52, has during the last five years, been a director or partner of the following companies and partnerships:

Current Directorships or Partnerships	Previous Directorships or Partnerships
Avani Resources PTE LTD Avani Resources South Africa (PTY) LTD BondEvalue Pte. Ltd BondEvalue International Pte. Ltd Bondblox India Private Limited Growthpal Technologies PTE LTD Navia Azure Marine Inc Navia Emerald Marine Inc Avani Resources DMCC Aarde Enterprises DMCC	Artemis Global Pte LTD

 For further information please contact:

Bens Creek Group plc Adam Wilson, CEO Peter Shea, Chief of Staff	[phone]
Allenby Capital Limited (Nominated Adviser and Joint Broker) Nick Athanas / Nick Naylor / George Payne (Corporate Finance) Kelly Gardiner (Sales and Corporate Broking)		[phone]
WH Ireland Limited (Joint Broker) Harry Ansell / Katy Mitchell	[phone]

 

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