African Potash Limited ('African Potash' or 'the Company')
The Right Honourable Lord Peter Hain appointed as a non-executive director
African Potash, the AIM listed exploration company focused on sub-Saharan potash assets and the vertical integration of fertiliser operations in Africa, has appointed The Right Honourable Lord Peter Hain to its Board as a non-executive director, with effect from 1 December 2015. His appointment follows closely behind those of Elias Pungong, Declan O'Brien and Mark Simmonds as the Company ramps up its activity and focuses on establishing integrated fertiliser trading operations and realising value from its Lac Dinga potash project in the Republic of Congo. The Company also announces that Jean-Pierre Conrad is stepping down from the Board in order to concentrate on his other corporate interests, with immediate effect.
Lord Hain was a Cabinet Minister for seven years and a government minister for five years, holding a number of positions including Foreign Minister, Europe Minister and Energy Minister. During this time, he gained significant experience in diplomacy, negotiation and conflict resolution. He is due to become a Member of the House of Lords in November 2015.
Lord Hain has also held various directorships including positions with Amara Mining PLC, Developing Markets Associates Ltd, ADR Group Accredited Civil & Commercial Mediator and IDM Africa Business School. He is heavily involved in charitable organisations and is Ambassador to the Desmond Tutu Foundation, which aims to build peace in fractured communities, Chairman of Donald Woods Foundation, which does ground-breaking health and schools work in one of South Africa's poorest areas and a Trustee of the Listen Charity, fundraising for anti-poverty projects.
In addition to his political and business career, Lord Hain has written 20 books, is regularly interviewed on TV and radio and in national newspapers, and is a visiting professor at University of South Wales, a visiting fellow at Swansea University and a visiting teacher at Civil Service College.
African Potash Executive Chairman Chris Cleverly said, "I am delighted to welcome such a highly distinguished individual to the team, which is a great endorsement of our strategy. Peter recognises the need for food security in Africa and understands the crucial role fertiliser will play in achieving this. His significant political and corporate experience will provide invaluable support to African Potash, particularly at this crucial stage of our genesis as we continue to build a leading, vertically integrated fertiliser company and develop the Lac Dinga potash project. Finally, I would like to thank Jean-Pierre for the support he has given the Company and wish him well in his future endeavours."
Commenting on his appointment, Peter Hain said "I am excited by African Potash's potential, rejuvenated under Chris Cleverly, to promote the African fertiliser industry and thereby improve food production, reduce child immortality and poverty."
The Right Honourable Lord Peter Hain (age 65) has or holds the following directorships and/or partnerships in the last 5 years:
Past (within the past five years)
Amara Mining Plc
Developing Markets Associates Ltd
There is no further information on The Right Honourable Lord Peter Hain required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.