Appointment of UK Financial Controller
Marula Mining PLC
("Marula'' or the "Company")
26 June 2025
Appointment of UK Financial Controller
Marula Mining PLC (AQSE: MARU A2X: MAR) an African focused mining and development company, is pleased to announce the appointment of Mr. Manish Shavadia, as the Company's UK Financial Controller, with immediate effect.
Mr. Shavadia is a UK-based, highly accomplished finance professional with over 20 years of experience in financial management, reporting, and operational oversight across the UK, East Africa, and Sub-Saharan Africa. He brings to Marula a proven track record in financial modelling, Enterprise Resource Planning ("ERP") system implementation, statutory compliance, team leadership and cross-border financial operations.
His appointment strengthens the Company's financial governance as it continues to grow its operational footprint across the African continent.
Highlights;
· Mr. Shavadia is a Fellow of the Association of Chartered Certified Accountants ("FCCA") and a certified Financial Modelling & Valuation Analyst with extensive experience across both private and listed companies.
· Previously served as Chief Financial Officer for several pan-African tech and energy ventures, where he created financial models and led VC fundraising efforts, implemented ERP Next systems, and oversaw financial reporting across multiple jurisdictions.
· Mr Shavadia also extends his expertise on developing cash flow models for junior exploration companies in Kenya, Tanzania, Uganda and Zambia, ensuring bankability.
· Strong experience in UK-based financial roles, including as Financial Controller at Glorious Brands Ltd and Intercompany Accountant at TJX Europe Ltd, managing operations for multi-million-pound businesses.
· Led successful ERP implementations (SAP B1 and ERP Next) and executed cost optimisation strategies and internal control improvements across various sectors, including mining, logistics, and manufacturing.
· Skilled in financial reporting, audit oversight, tax compliance, and investor reporting, with hands-on experience managing cross-border teams and building scalable financial systems.
· Mr. Shavadia, within his appointed capacity, will be responsible for;
· Supporting the ongoing development, integration, and optimisation of ERP systems across Marula's operations to improve financial workflow, transparency, and data integrity.
· Overseeing statutory accounting, financial reporting, and audit readiness for the UK entity
· Enhancing internal controls and risk management frameworks in alignment with international standards.
· Coordinating with auditors, tax authorities, and regulatory bodies to ensure compliance.
· Coordinating and align the company's UK financial reporting with activities in its African subsidiaries, ensuring consistency, compliance, and timely consolidation. As well as supporting group-level budgeting, forecasting, and performance tracking
Jason Brewer, CEO of Marula Mining, commented:
"We are pleased to welcome Manish to the Marula team. His international finance experience, particularly across Africa and the UK, brings valuable depth and oversight to our financial operations.
"As we continue to scale, the board is confident in having someone of Manish's calibre ensures that our financial systems and reporting standards remain robust, transparent, and aligned with our strategic objectives especially with his expertise in managing finances across multiple regions with diverse regulations."
Manish Shavadia, UK Financial Controller of Marula Mining, commented:
"I'm excited to bring my extensive experience in cross-border financial operations, ERP system implementation, and investor reporting to the Company.
"Having worked across both the UK and Sub-Saharan Africa, I understand the financial and regulatory frameworks needed to support high-growth, multi-jurisdictional companies. I look forward to contributing to Marula's strong governance and helping drive its strategic financial objectives as the Company continues to scale its operations across Africa."
The Directors of Marula are responsible for the contents of this announcement. This announcement contains inside information for the purposes of UK Market Abuse Regulation.
About Marula Mining
Marula Mining (AQSE: MARU A2X: MAR) is an African focused battery metals investment and exploration company and has interests in several high value mining operations and mine development projects in Africa: the Blesberg Lithium and Tantalum Mine and Northern Cape Lithium and Tungsten Project, all in South Africa; the Boteti Lithium Brines Project in Botswana; the Larisoro Manganese Mine and Kilifi Manganese Processing Operation both in Kenya; the Kinusi Copper Mine, the Nyorinyori Graphite Project and the NyoriGreen Graphite Project all in Tanzania. As we advance operations at these battery metals focused projects, Marula will continue to build and expand its interests in other high-quality projects in Africa.
Marula's strategy is to identify and invest in advanced and high-value mining projects throughout East, Central and Southern Africa that the Directors believe would deliver returns for its shareholders. The Board and management team aims to establish Marula as a socially and environmentally responsible, sustainable, and profitable producer of critical metals and commodities that are of increasingly strategic importance to modern technologies and the global economy. Marula's shares are traded on AQUIS Stock Exchange (AQSE) in London and A2X Markets in South Africa. Marula is exploring opportunities to admit its shares to trading on Kenya's Nairobi Securities Exchange and South Africa's Johannesburg Stock Exchange.
For enquiries contact:
|
Marula Mining PLC Jason Brewer, Chief Executive Officer
Faith Kinyanjui Mumbi Investor Relations |
Email : jason@marulamining.com
Email : info@marulamining.com
|
|
AQSE Corporate Adviser Cairn Financial Advisers LLP, Liam Murray / Ludovico Lazzaretti |
+44 (0)20 7213 0880 |
|
A2X Advisor AcaciaCap Advisors Proprietary Limited Michelle Krastanov |
+27 (11) 480 8500 |
Caution:
Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.
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.
Latest directors dealings
- 12 hours ago Savannah Energy
- 13 hours ago Buccaneer Energy PLC
- 13 hours ago Savannah Energy
- 13 hours ago Carclo
- 13 hours ago Schroder Japan Growth Fund