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Creon Resources PLC (AMED)

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Thursday 12 September, 2013

Creon Resources PLC

Directorate Change

RNS Number : 8143N
Creon Resources PLC
12 September 2013

12 September 2013

Creon Resources Plc


("Creon" or the "Company")


Directorate Change


Creon (AIM: CRO), the resource and resource infrastructure focussed investment company, is pleased to announce that Zafarullah (Zafar) Karim is appointed to the Board as an Executive Director with immediate effect.


Zafar Karim, 45, brings over two decades of business and financial experience, including investment banking, investment and risk management, financial strategy and growing and restructuring companies, to Creon. Zafar has been the impetus driving change and growth in several companies where he has served as a board member. He has also acted as a consultant to various businesses and entrepreneurs in relation to their financial and investment strategies. Zafar started his career in 1990 with the investment banking division of Salomon Brothers. He then worked for several years for NM Rothschild in in a variety of developed and emerging markets. Zafar has an M.A. in economics from the University of Cambridge.


The board also announces that August "Guus" Johannes Francisca Maria Berting and Aamir Ali Quraishi have resigned as Non-Executive Directors with immediate effect.


Commenting on the changes, Glen Lau, Chief Executive Officer said:


"I am delighted to welcome Zafar to the Board of Creon.  His experience and expertise will be invaluable in growing and achieving Creon's goal of becoming a leading resource and resource infrastructure investment company.  My colleagues and I are very much looking forward to working with him.


"I would like to take this opportunity to thank Guus and Aamir for their services to Creon and wish them success in their future endeavours."


Further information concerning Mr Karim


Current Directorships:


Legendary Investments Plc

New Standard Capital Limited


Past Directorships:


Ensurepay Limited

Epal Limited

Mobilepay Limited

Travelpay Limited

Zabadoo.Com Limited

Bishopbourne Management Company Limited

Earthport Middle East Limited

Earthport USA Limited

Earthport AsiaPac Ltd

Earthport Enterprises Limited Inc.

Earthport Newco Limited


Mr Karim is interested, indirectly, in 0.7% of the issued share capital Creon. Mr Karim's interest is through Legendary Investments Plc, of which he holds a 2.09% beneficial interest and is Executive Chairman. Mr Karim also holds warrants over 109,544,785 Creon shares. The warrants have time and performance conditions.


There is no further information required relating to Mr Karim to be disclosed under paragraph (g) of Schedule 2 of the AIM Rules.

- Ends -


For further information please contact:


Creon Resources Plc

Glen Lau, Chief Executive Officer

Tel: +65 6224 6766

Tel: + 44 (0) 20 7583 8304


Daniel Stewart & Company Plc


Paul Shackleton

Tel: + 44 (0) 20 7776 6550

Newgate Threadneedle

Graham Herring

Tel: + 44 (0) 20 7653 9850



About Creon Resources Plc


Creon Resources Plc is an investment company whose policy is to invest principally, but not exclusively, in the resources and resources infrastructure sectors. Creon has a deep and broad global network and wide contact base in these sectors, including in East and South East Asia and the Middle East which it leverages to source and make investments. These sectors exhibit high growth and are strategically important. Creon is a proactive investor which assists its investee companies to grow by providing investment, expertise and contacts.



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