REG - Shuka Minerals PLC - Board Changes

Shuka MineralsAnnouncement

07/11/2023 07:00

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RNS Number : 5390S  Shuka Minerals PLC  07 November 2023

7 November 2023

 

Shuka Minerals Plc

("Shuka" or the "Company")

Appointment of New Chairman and Strengthening of the Boardwith Appointment of
Two Independent Non-Executive Directors

Shuka Minerals Plc (AIM: SKA), an African-focused mine operator and developer,
is pleased to announce the appointment of Mr. Quinton van der Burgh, CEO of Q
Global Commodities, Limited as its new Non-Executive Chairman and Board
Director.

The Company is also pleased to announce a further strengthening of its Board
with the appointments of experienced financial and technical executives, Dr.
Allen Zimbler and Marcel ('Marc') Nally as Independent Non-Executive Directors
effective immediately.

The appointments of Mr. Quinton van der Burgh, Dr. Allen Zimbler and Mr. Marc
Nally follow the strategic investments by Q Global Commodities and Gathoni
Muchai Investments Limited, and appointment of Mr. Jason Brewer as an
Executive Director in June 2023. These additional appointments further
strengthen the Company's Board as we continue to review potential acquisitions
of additional advanced mining and mine development projects located in Africa.

Following these appointments, both Nicholas Von Schirnding and Andre Hope have
stepped down as Non-Executive Directors of the Company with immediate effect.

Quinton van der Burgh

Mr. Quinton van der Burgh is one of South Africa's leading mining
entrepreneurs, with over 20 years of mining experience and a track record of
successfully developing more than 47 projects to the mining stage, including
two large-scale mining companies.

Mr. van der Burgh is the founder and CEO of Q Global Commodities, one of South
Africa's largest privately owned mining houses, with self-sustaining
subsidiaries in logistics, beneficiation, plant-hire, and a rapidly expanding
metals portfolio.

In addition to his extensive business ventures, he has been instrumental in
establishing numerous non-profit organizations, investment firms, and mining
companies across Africa, Europe and North America.

Dr. Allen Zimbler

Dr. Allen Zimbler (BA Hons , MBA, PhD) has over 40 years of experience in
strategic management and organisational development consultancy and investment
banking in both South Africa and the United  Kingdom.

For over 15 years, Dr Zimbler was a member of Investec Bank plc's Global
Executive team, where he served as its Chief Integration Officer and, for the
last five years in his role, was a Group Executive Director. Prior to that Dr.
Zimbler ran his own management consultancy group in South Africa for over 25
years, advising both African and international organisations on growth
opportunities across multiple sectors.

Dr. Zimbler is currently a Director of the African Leadership Institute, a
pan-African organisation that runs best-in-class leadership programmes for
young future leaders of Africa, a Knight of the Honorary Knights of the Round
Table in London, an honorary Member of Magdalene College,
Cambridge University and Wolfson College, Oxford University, Chairman of
the Ju/'hoansi Development Fund, and Master of the Worshipful Company of
Carpenters of the City of London.

Mr. Marc Nally

Mr.  Marc Nally is an experienced geologist and exploration manager with over
25 years of experience in mining and mineral exploration in Africa, South
America and Europe.

Most recently Mr. Nally was a Non-Executive Director and consulting
exploration geologist of AQSE-listed Marula Mining plc where he was involved
in the acquisition of several advanced mining projects throughout Africa and
consulting exploration geologist to AIM-listed Tertiary Minerals plc with a
particular focus on project generation in Zambia.

Mr. Nally was a founding Director and former Managing Director of Moxico
Resources plc, a private operating, development and exploration mining company
that recently commenced copper mining operations at its Mimbula Copper Mine in
Zambia. He was instrumental in identifying and negotiating the acquisition of
the Mimbula Copper Mine and the purchase of the Kalengwa Copper Mine.

Additionally, Mr. Nally has been involved in various exploration projects and
start-up mines in multiple countries, including Russia, Spain, Finland,
Republic of Congo, Ethiopia, Indonesia, Zambia, and South Africa.

Jason Brewer, Executive Director, Shuka Minerals Plc said:

"We are delighted to announce the key appointments of Quinton van de Burgh as
Chairman and Independent Non-Executive Directors, Allen Zimbler and Marc
Nally, to the Board of the Company. It is a major strengthening of the Board's
capabilities and experience in Africa and in the key areas that we believe
will assist us in our strategy to significantly grow the business.

"Quinton's appointment to the Board marks a significant milestone,
underscoring his commitment and affirming the Company's dedication to
strengthening our leadership. This also complements the strategic investment
by Q Global Commodities, which we consider a major achievement for the
Company.

"Allen brings tremendous experience from having worked with some of Africa's
leading organisations through his management and organizational development
consultancy business for over 25 years and coupled with his experience at a
senior Board level for 15 years with Investec Bank plc, one of Africa's most
successful investment banks, his appointment really demonstrates our ambitions
for Shuka.

"Marc brings a significant amount of technical experience as a geologist who
has worked predominantly in Africa and in particular in Zambia where he
founded Moxico Resources plc which has recently commenced production at the
Mimbula Copper Mine. Most recently I had the pleasure of working with him at
Marula Mining plc where he was instrumental in assessing a number of the
successful mine project acquisitions that were completed in 2023.

"We would also like to extend our gratitude to Nicholas and Andre for their
commitment to the Company in recent years and wish them the best in their
future endeavours.

Enquiries:

 Shuka Minerals Plc                   +254 (0)743 303075

 Jason Brewer - Executive Director

 Noel Lyons - CEO

 Strand Hanson Limited                +44 (0) 20 7409 3494

 Financial and Nominated Adviser

 James Harris | Richard Johnson

 Tavira Securities Limited            +44 (0) 20 7100 5100

 Joint Broker

 Oliver Stansfield | Jonathan Evans

 Peterhouse Capital Limited           +44 (0)20 7469 0930

 Joint Broker

 Charles Goodfellow | Duncan Vasey

 Gathoni Muchai Investments           info@shukaminerals.com

 Financial PR and IR

 Faith Kinyanjui Mumbi

 

Further information on Mr Quinton van der Burgh's appointment

The following details in relation to the appointment of Mr. Quinton van der
Burgh as the Non-Executive Chairman and Director are disclosed in accordance
with paragraph (g) of Schedule Two of the AIM Rules for Companies.

Quinton van der Burgh (aged 46) has held the following directorships and/or
partnerships in the past 5 years:

 Current Directorships                                       Past Directorships (last five years)
 Billion Dollar Brand (Pty) Ltd (South Africa)               Africoal Plant Hire (Pty) Ltd (South Africa)
 Billion Dollar Playground (Pty) Ltd (South Africa)          Africoal SA (Pty) Ltd (South Africa)
 Black Stallion Motors CC                                    Agattu Trading 228 (Pty) Ltd (South Africa)
 Bonolo Commodities (Pty) Ltd (South Africa)                 BGH Coal (Pty) Ltd (South Africa)
 Burgh Group Holdings CC (South Africa)                      Big Coal (Pty) Ltd (South Africa)
 Burgh Investments (Pty) Ltd (South Africa)                  Billion Dollar Playground (Pty) Ltd (South Africa)
 Challenger Coal (Pty) Ltd (South Africa)                    Burgh Group Holdings (Pty) Ltd (South Africa)
 Courtney Cousins (Pty) Ltd (South Africa)                   Candlestick Holdings (Pty) Ltd (South Africa)
 Drason (Pty) Ltd (South Africa)                             Capernum Trade 2 (Pty) Ltd (South Africa)
 Enviroline (Pty) Ltd (South Africa)                         Copperzone 139 (Pty) Ltd (South Africa)
 Equidome NPC (South Africa)                                 Ennovation Independent Power (Pty) Ltd (South Africa)
 Ezimbiwayo Consulting (Pty) Ltd (South Africa)              Generosity Beverages RSA (Pty) Ltd (South Africa)
 F-Money (Pty) Ltd (South Africa)                            Homeburg (Pty) Ltd (South Africa)
 Ideality Television (Pty) Ltd (South Africa)                Inceku Processing (Pty) Ltd (South Africa)
 Isabis Mining Projects (Pty) Ltd (South Africa)             Innovagen (Pty) Ltd (South Africa)
 Lesatype (Pty) Ltd (South Africa)                           Innovatec Africa Holding (Pty) Ltd (South Africa)
 Mavivi Electrical and Mechanical Spares CC (South Africa)   International Mineral and Energy Consultants (Pty) Ltd (South Africa)
 Mayborn Investments 37 (Pty) Ltd (South Africa)             Inyanda Mining Holdings (Pty) Ltd (South Africa)
 Misty Sea Trading 262 (Pty) Ltd (South Africa)              Lesasmart (Pty) Ltd (South Africa)
 New Age Industrial Supplies CC (South Africa)               Melody Street Trading 10
 Northern Lights Trading 266 (Pty) Ltd (South Africa)        Nzuzu Coal (Pty) Ltd (South Africa)

 Ukhamba Mining (Pty) Ltd (South Africa)                     Premium Coal (Pty) Ltd (South Africa)
 Phambili Coal (Pty) Ltd (South Africa)                      Quiver Media (Pty) Ltd (South Africa)
 Radlotype (Pty) Ltd (South Africa)                          Siyabusa Mining (Pty) Ltd (South Africa)
 Siyabusa Coal Mining (Pty) Ltd (South Africa)               Superlane 137 (Pty) Ltd (South Africa)
 V D A Cellular CC (South Africa)                            Tresso Trading 674 (Pty) Ltd (South Africa)
 Q Aviation (Pty) Ltd (South Africa)
 Q Capital Holdings (Pty) Ltd (South Africa)
 Q Capital Investment Holdings (Pty) Ltd (South Africa)
 QGC Group Management Services (Pty) Ltd (South Africa)
 Quantitytimes Trading 17 (Pty) Ltd (South Africa)
 Quintessential Villa (Pty) Ltd (South Africa)
 Quintessential Villa Two (Pty) Ltd (South Africa)
 Quinton van der Burgh Foundation NPC (South Africa)
 Quinton van der Burgh Investments (Pty) Ltd (South Africa)
 Quinton van der Burgh Media (Pty) Ltd (South Africa)
 Q-Up Entertainment (Pty) Ltd (South Africa)
 QV Investments (Pty) Ltd (South Africa)
 Wet Peach Swimwear (Pty) Ltd (South Africa)

 

Mr. Quinton van der Burghhas an interest in 17,586,598 ordinary shares and
3,265,555 warrants in the company, held through Q Global Commodities.

Further information on Dr. Allen Zimbler's appointment

The following details in relation to the appointment of Dr. Zimbler as
Independent Non-Executive Chairman are disclosed in accordance with paragraph
(g) of Schedule Two of the AIM Rules for Companies.

Dr. Allen Zimbler (aged 74) has held the following directorships and/or
partnerships in the past 5 years:

 Current Directorships                           Past Directorships (last five years)
 14 Hyde Park Square Management Company Limited  IamFire plc (p.k.a. Karoo Energy plc)
 14 Hyde Park Square Freehold Limited            Sustainable Housing Solutions Holdings
 15 Hyde Park Square Limited
 African Leadership Institute
 Kingscote Valley Limited
 Ju/'hoansi Development Fund
 Moatlands Estate Limited
 Kalahari Consulting Limited

 

Dr. Zimbler does not currently own any ordinary shares or hold any options
over shares in the Company.

Further information on Mr. Marc Nally's appointment

The following details in relation to the appointment of Mr. Nally as
Independent Non-Executive Director are disclosed in accordance with paragraph
(g) of Schedule Two of the AIM Rules for Companies.

Mr. Marcel Desmond Nally (aged 55) has held the following directorships and/or
partnerships in the past 5 years.

 Current Directorships  Past Directorships (last five years)
 None                   Marula Mining plc

 

Mr. Nally does not currently own any ordinary shares or hold any options over
shares in the Company.

Other than the information contained within this announcement, there is no
further information required to be disclosed pursuant to paragraph (g) of
Schedule Two of the AIM Rules for Companies in relation to Mr. van der Burgh,
Dr. Zimbler and Mr. Nally.

 

 

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