REG - Bens Creek Group PLC - Appointment of Non-Executive Director

Bens CreekAnnouncement

26/07/2023 11:30

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RNS Number : 2851H  Bens Creek Group PLC  26 July 2023

26 July 2023

 

Bens Creek Group plc

 

("Bens Creek", the "Group" or the "Company")

 

Appointment of Non-Executive Director

 

Bens Creek Group plc (AIM:BEN), the owner of a metallurgical coal mine in
North America supplying the steel industry, is pleased to announce that Rajesh
Johar has joined the board of Bens Creek as a Non-Executive Director.

 

As detailed in the Company's announcement published on 12 May 2023, Avani
Resources Pte Ltd ("Avani"), the Company's largest shareholder owning 29.86%
of the current issued share capital of Bens Creek, has the right to appoint
one director to the board of the Company as long as it holds more than 20 per
cent. of the voting rights in the Company. Rajesh Johar is a Director at Avani
and has been nominated to the board of the Company on recommendation by Avani.

 

Rajesh is a co-founder and current shareholder of Avani. He leads acquisitions
and business development at Avani. Prior to founding Avani, Rajesh was the
head of the commodities trade & agriculture team at Standard Chartered
Bank's transaction banking division in Singapore. At Standard Chartered,
Rajesh gained experience in the trading and financing of commodity businesses.
Rajesh was also a vice president in the structured finance division at Credit
Suisse in India. He has also had roles at Tata Steel Limited and Cargill, Inc.
Rajesh is a trained engineer, having graduated from the Indian Institute of
Technology, Kharagpur with a degree in mining engineering. He also has a
post-graduate diploma in business management from the Indian Institute of
Management, Bangaluru.

 

Adam Wilson, Chief Executive Officer of Bens Creek, commented:

 

"Having been an entrepreneur for more than a decade, Rajesh has gained
significant experience in volatile commodity markets. His skill set is a
valuable addition to the Company's Board as we strive to be significant player
in the metallurgical coal market."

 

Further regulatory disclosures

 

The following additional information is provided in accordance with Rule 17
and Schedule Two Paragraph (g) of the AIM Rules.

 

Rajesh Johar, age 52, has during the last five years, been a director or
partner of the following companies and partnerships:

 

 Current Directorships or Partnerships    Previous Directorships or Partnerships
 Avani Resources PTE LTD                  Artemis Global Pte LTD

 Avani Resources South Africa (PTY) LTD

 BondEvalue Pte. Ltd

 BondEvalue International Pte. Ltd

 Bondblox India Private Limited

 Growthpal Technologies PTE LTD

 Navia Azure Marine Inc

 Navia Emerald Marine Inc

 Avani Resources DMCC

 Aarde Enterprises DMCC

 

 

 For further information please contact:

 

 Bens Creek Group plc                +44 (0) 204 558 2300

 Adam Wilson, CEO

 Peter Shea, Chief of Staff

 Allenby Capital Limited (Nominated Adviser and Joint Broker)          +44 (0) 203 328 5656

 Nick Athanas / Nick Naylor / George Payne (Corporate Finance)

 Kelly Gardiner (Sales and Corporate Broking)

 WH Ireland Limited (Joint Broker)   +44 (0) 207 220 1666

 Harry Ansell / Katy Mitchell

 

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