REG - Afentra PLC - Board Appointment

AfentraAnnouncement

13/06/2023 07:00

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RNS Number : 4490C  Afentra PLC  13 June 2023

13 June 2023

AFENTRA PLC

 

Board Appointment

 

Afentra plc ('Afentra' or the 'Company') is pleased to announce the
appointment of Mr Thierry Tanoh to its Board as Independent Non-Executive
Director and Chairman of the audit committee.

 

Mr Tanoh, aged 61, is an experienced senior director with global experience, a
strong track record in both public and private sectors, and has held senior
positions within African Government ministries. Mr Tanoh's relevant experience
includes various roles within International Finance Corporation (IFC),
including being Vice President within the Senior Executive Team and a member
of IFC's credit committee based in Washington, and Director of Sub-Saharan
Africa based in Johannesburg.

 

Following 12 years with IFC, Mr Tanoh was appointed as CEO of Ecobank Group, a
pan-African banking conglomerate with banking operations in 33 African
countries. Following his departure in 2014, Mr Tanoh was appointed a member of
the office of the President of the Republic of Cote d'Ivoire, serving
initially as Minister, Deputy Chief of Staff before being appointed as
Minister for Oil, Energy and Renewable Energies between 2017-18.

 

Mr Tanoh presently has a number of Director roles including as Non-Executive
Director, Vice Chairman of the Board of Directors and Chairman of the
Investment Committee of Maha Capital Partners, an investment management
company, Chairman of the Board of Directors of a Mortgage Refinancing
institution and was recently appointed to the President's Council on
International Affairs of Yale University.

 

Mr Tanoh is a Certified Public Accountant (CPA, France), was awarded the
Fulbright Scholarship and received an MBA from Harvard University, and was
awarded the World Bank Group Leadership and Diversity Award in 2006.

 

Commenting on the appointment, Jeffrey MacDonald, Non-Executive Chairman of
Afentra, said:

 

"We are delighted to welcome Thierry to Afentra's Board and look forward to
benefitting from his considerable experience across many relevant roles within
finance and government. The appointment of such a heavy-weight candidate
reflects Afentra's strong ambition to build a material and credible player
within the African energy sector as we seek to play an important role in a
responsible energy transition across the continent. This appointment also
reflects Afentra's commitment to Governance as we ensure we maintain the
appropriate level of experience and independence on the Board to act on behalf
of our shareholders."

 

Commenting on his appointment, Thierry Tanoh said:

 

"I am delighted to take up this role with Afentra and support the Company with
my insights learned from decades of senior roles within Finance and Government
across Africa and beyond. Afentra's purpose to support the African energy
transition and enable the continued economic and social development of African
economies is a shared passion and I believe Afentra's team have all the
ingredients required to play a meaningful role in that agenda over the coming
years."

 

Regulatory

 

The following information is disclosed under Rule 17 of the AIM Rules for
Companies ("AIM Rules") and Schedule Two Paragraph (g) of the AIM Rules:

 

Thierry Andre Nicolas Yao Tanoh (aged 61)

 

Mr Tanoh does not hold any ordinary shares nor options over ordinary shares in
the Company.

 

 Current Directorships                                        Past Directorships (within the last five years)
 Azalai Hotel Group
 Azalai SMS
 Maha Capital Partners LLC
 Caisse Régionale de Refinancement Hypothécaire de l'UEMOA

 

There is no further information which is required to be disclosed under
Schedule Two, paragraph (g) of the AIM Rules for Companies in respect
of Thierry Andre Nicolas Yao Tanoh.

 

 

For further information contact:

Afentra plc +44 (0)20 7405 4133

Paul McDade, CEO

Anastasia Deulina, CFO

 

Buchanan (Financial PR) +44 (0)20 7466 5000

Ben Romney

George Pope

 

Peel Hunt LLP (Nominated Advisor and Joint Broker) +44 (0)20 7418 8900

Richard Crichton

Paul Gillam

David McKeown

 

Tennyson Securities (Joint Broker) +44 (0)20 7186 9033

Peter Krens

 

About Afentra

Afentra plc (AIM:AET) is an upstream oil and gas company focused on
opportunities in Africa. The Company's purpose is to support a responsible
energy transition in Africa by establishing itself as a credible partner for
divesting IOCs and Host Governments. Afentra has 4% non-operated interests in
the producing Block 3/05 and adjacent development Block 3/05A offshore Angola
in the Lower Congo Basin. In addition, Afentra maintains a carried interest in
the Odewayne Block, onshore southwestern Somaliland.

 

 

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