REG - Arc Minerals Limited - Board Appointment

ARC MineralsAnnouncement

29/10/2020 07:00

RNS Number : 5364D
  
Arc Minerals Limited
  
29 October 2020
  
 

29 October 2020
 
 
Arc Minerals Ltd
 
('Arc' or the 'Company')
 
Board Appointment
 
 
 
Arc Minerals Ltd is pleased to announce the appointment of Mr Caleb Mulenga as a Non-Executive Director to its Board of Directors with immediate effect. Mr Mulenga previously spent 8 years at the Development Bank of Zambia, subsequently moving into the private sector and establishing Superior Milling Limited, of which he is currently the Executive Chairman. He currently serves as the Chairman of Access Bank Zambia. Mr Mulenga also holds a bachelor's degree in Business and Economics from the University of Zambia and an MBA from Webster University.
 
Nick von Schirnding, Chairman of Arc Minerals commented:
 
"I am very pleased to welcome Caleb to the board of Arc.  Caleb brings a wealth of business experience, both industrial and mining, to Arc.  His expertise in respect of operating in Zambia will greatly strengthen our board and I very much look forward to working closely together."
 
Caleb Amos Mulenga, aged 62, currently holds or has held the following directorships and partnerships in the last five years:
 



Current directorships


Previous directorships




Access Bank Zambia Ltd


High Street Connect Ltd




MTN (Zambia) Limited


Sanlam Life Insurance Zambia




Pan Africa Soleil Holdings (PASH)


C&A Finance Services




Superior Milling Company Ltd


Woolworths Zambia Ltd




Phoenix of Zambia Assurance Company (2009) Limited


Bright Horizon Limited




Drakensberg Limited


 




Chilibwe Mining Ltd


 




Shearzone Resources Ltd


 




CAM Ltd


 




Townhouse Lodge


 



 
Mr Mulenga holds no ordinary shares or options in the Company.
 
Other than as provided in this announcement, no other disclosures in relation to Mr Mulenga are required under Rule 17 and schedule 2 (g) of the AIM Rules for Companies.
 
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of the Regulation (EU) No 596/2014 until the release of this announcement.
 
Contacts



Arc Minerals Ltd
Nick von Schirnding (Chairman)
 


+44 (0) 20  7917 2942
 




SP Angel (Nominated Adviser & Broker)
Ewan Leggat / Soltan Tagiev
 


+44 (0) 20 3470 0470
 



 

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