News Announcement

RNS Number : 3093D
African Potash Ltd
23 October 2015
 

African Potash Limited / Index: AIM / Epic: AFPO / Sector: Mining

23 October 2015

African Potash Limited ("African Potash" or "the Company")

Board Appointment

 

African Potash, the AIM listed exploration company focused on sub-Saharan potash assets and the vertical integration of fertiliser operations in Africa, is pleased to announce the appointment of Mr Declan O'Brien as a Director.  The Board of African Potash is focused on putting a team together that has the business and financial experience, networks and capabilities to deliver on its aggressive growth strategy.  As a veteran of the African commodity space with significant financial and commercial experience, Mr O'Brien's appointment will support the Company's active growth strategy, as it continues to establish fully integrated fertiliser operations in Africa.  

 

Mr O'Brien has over 20 years senior management experience within the financial sector, particularly relating to the African commodity space.  He is currently Chief Executive Officer ('CEO') of Barak Fund Management, an African commodity focused investment fund which provides bespoke trade finance and working capital solutions to businesses.  Prior to this, he was Global Head of Business Development at Skybound Capital, a fund management business focused on Africa and China.  Other previous responsibilities include CEO of Royal Eagle Investments (Pty) Ltd, an independent management consultancy business, and Head of sales at BNP Paribas Cadiz Securities, a South African-based specialist equity derivatives broking and research company.  In his role as Chief Commercial Officer / Head of Sales at Global Trader, a South African based online trading platform, Mr O'Brien was instrumental in the sale of the company.  He holds a Diploma in Financial Management, is a JSE Registered Securities Trader and holds a certificate from the South African Institute of Financial Markets' in the Registered Persons Examinations (RPE). 

 

African Potash Executive Chairman Chris Cleverly said, "We are delighted to welcome Declan to the Board.  His significant commercial experience and proven financial acumen, particularly within the African commodity space, will be invaluable for the Company as we continue to deliver on our strategy.  His appointment follows that of Mr Elias Pungong, and underpins our intention of creating vertically integrated fertiliser operations across Africa."

 

Mr O'Brien (age 44) has no current directorships and/or partnerships nor did he hold any directorships and/or partnerships in the last 5 years.

 

There is no further information on Mr O'Brien required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

 

**ENDS**

 

For further information visit www.africanpotash.com or contact the following:

 

Chris Cleverly

African Potash Limited

+44 (0) 20 7236 1177

Stewart Dickson

Cantor Fitzgerald Europe

+44 (0) 20 7894 7000      

Jeremy Stephenson

Cantor Fitzgerald Europe

+44 (0) 20 7894 7000      

David Porter

Cantor Fitzgerald Europe

+44 (0) 20 7894 7000      

Colin Rowbury

Cornhill Capital Limited

+44 (0) 20 7710 9610

Charlotte Heap

St Brides Partners Ltd

+44 (0) 20 7236 1177      

Hugo de Salis

St Brides Partners Ltd

+44 (0) 20 7236 1177 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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