REG - Centamin PLC - Appointment of Non-Executive Directors

CentaminAnnouncement

10/01/2024 07:00

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RNS Number : 1497Z  Centamin PLC  10 January 2024

10 January 2024

Centamin plc

("Centamin" or "the Company")

LSE: CEY / TSX: CEE

 

Appointment of Non-Executive directors

 

Centamin is pleased to announce the appointment of Ms Hoda Mansour and Ms lman
Naguib to the Board as Independent Non-Executive Directors, with immediate
effect. As part of ongoing Board succession, Dr Ibrahim Fawzy has indicated
that he does not intend to stand for re-election as a non-executive director
at the Company's upcoming annual general meeting in 2024.

JIM RUTHERFORD, Chair of the Board, commented: "It is with great pleasure that
I welcome Hoda and Iman as members of the Centamin Board.  Hoda brings a
wealth of experience to the Board and her extensive knowledge of the region
will be of great value to Centamin. Iman, equally, brings extensive experience
across all aspects of corporate finance, asset management and M&A within
both emerging and developed markets, and will be a true asset to the Company
as we move into our next phase of growth.

I would like to extend my personal thanks to Dr Fawzy for the invaluable
contribution that he has made to Centamin as a Board member during his tenure.
We have benefited significantly from his wise counsel and his extensive
experience across both the public and private sector. We wish him all the very
best with his ongoing academic work in Egypt."

HODA MANSOUR

Effective immediately

Hoda has 25 years of experience working in leading multinational software and
technology companies including Oracle, Microsoft, Acision, SAP and most
recently IFS.

During 2023, Hoda joined IFS, a global cloud-based enterprise software and
solutions company, as COO for Asia Pacific, Japan, Middle East, and Africa.
For the previous 10 years, Hoda worked at SAP, the market leader in enterprise
application software, where she held several country head and leadership roles
before becoming the Senior Vice President and Head of Business Process
Transformation for the Southern Europe and Middle East and Africa regions in
2021.

Since 2021, Hoda has served as a Board Director at the American Chamber of
Commerce in Egypt and between 2020 and 2022 was Vice President of the
German-Arab Chamber of Industry and Commerce.

Hoda currently serves as a non-executive director on the Board of the
Commercial International Bank (CIB), the leading private sector bank in Egypt.
 

Upon appointment Hoda will become a member of the Sustainability Committee.

Hoda Mansour, commented: "I am very much looking forward to joining the
Centamin Board and working with the management team. I am excited to be
joining a Company that is not only helping to build a key growth industry
within Egypt, but is generating multiple benefits for its people, whether that
is through direct employment, the promotion of women or the development of
sustainable practices."

Iman Naguib

Effective immediately

Iman has over 20 years of expertise in finance and investment management,
across the mining, telecoms and financial services sectors, within both
emerging and developed markets. She brings to Centamin extensive experience in
corporate finance and restructuring, investment and asset management,
liquidity management and mergers and acquisitions.

Iman is a partner at Karnak Capital, an investment management vehicle she
founded in 2015. Prior to that, between 2012 and 2015, Iman was Group Chief
Financial Officer at La Mancha Resources, a gold mining company with operating
mines, and exploration and development projects across Africa, Australia and
Argentina.

Before joining La Mancha, Iman was Co-Founder and Director of Accelero
Capital, an investment management group focused on telecommunications. She
also served as Corporate Finance Director at Orascom Telecom Holding and
Weather Investments, an international telecoms group operating networks in
Europe, Middle East, Africa and Asia.

Upon appointment Iman will become a member of the Audit and Risk Committee.

Iman Naguib, commented: "I am delighted to be joining Centamin at this stage
in the Company's growth journey. The Company has built a reputation in the
region for being a leader in the sector through its development of the Sukari
asset into a world-class mine, and I am really looking forward to working with
the Board and management team to further build on this strong platform in the
years ahead."

There are no further details that are required to be disclosed in respect of
the appointments under LR9.6.13 of the UK FCA Listing Rules. This announcement
contains additional regulated information.

About Centamin

Centamin is an established gold producer, with premium listings on the London
Stock Exchange and Toronto Stock Exchange. The Company's flagship asset is the
Sukari Gold Mine ("Sukari"), Egypt's largest and first modern gold mine, as
well as one of the world's largest producing mines. Since production began in
2009 Sukari has produced over 5 million ounces of gold, and today has a
projected mine life to 2035.

Through its large portfolio of exploration assets in Egypt and West Africa,
Centamin is advancing an active pipeline of future growth prospects, including
the Doropo project in Côte d'Ivoire, and over 3,000km(2) of highly
prospective exploration ground in Egypt's Arabian Nubian Shield.

Centamin practices responsible mining activities, recognising its
responsibility to deliver operational and financial performance and create
lasting mutual benefit for all stakeholders through good corporate
citizenship.

FOR MORE INFORMATION please visit the website www.centamin.com
(http://www.centamin.com) or contact:

 Centamin plc                                                       FTI Consulting

 Alexandra Barter-Carse, Head of Corporate Communications           Ben Brewerton / Sara Powell / Nick Hennis

 investor@centaminplc.com (mailto:investor@centaminplc.com)         +442037271000

                                                                    centamin@fticonsulting.com (mailto:centamin@fticonsulting.com)

Forward-looking Statements

This announcement (including information incorporated by reference) contains
"forward-looking statements" and "forward-looking information" under
applicable securities laws (collectively, "forward-looking statements"),
including statements with respect to future financial or operating
performance. Such statements include "future-oriented financial information"
or "financial outlook" with respect to prospective financial performance,
financial position, EBITDA, cash flows and other financial metrics that are
based on assumptions about future economic conditions and courses of action.
Generally, these forward-looking statements can be identified by the use of
forward-looking terminology such as "believes", "expects", "expected",
"budgeted", "forecasts" and "anticipates" and include production outlook,
operating schedules, production profiles, expansion and expansion plans,
efficiency gains, production and cost guidance, capital expenditure outlook,
exploration spend and other mine plans. Although Centamin believes that the
expectations reflected in such forward-looking statements are reasonable,
Centamin can give no assurance that such expectations will prove to be
correct. Forward-looking statements are prospective in nature and are not
based on historical facts, but rather on current expectations and projections
of the management of Centamin about future events and are therefore subject to
known and unknown risks and uncertainties which could cause actual results to
differ materially from the future results expressed or implied by the
forward-looking statements. In addition, there are a number of factors that
could cause actual results, performance, achievements or developments to
differ materially from those expressed or implied by such forward-looking
statements; the risks and uncertainties associated with direct or indirect
impacts of COVID-19 or other pandemic, general business, economic,
competitive, political and social uncertainties; the results of exploration
activities and feasibility studies; assumptions in economic evaluations which
prove to be inaccurate; currency fluctuations; changes in project parameters;
future prices of gold and other metals; possible variations of ore grade or
recovery rates; accidents, labour disputes and other risks of the mining
industry; climatic conditions; political instability; decisions and regulatory
changes enacted by governmental authorities; delays in obtaining approvals or
financing or completing development or construction activities; and discovery
of archaeological ruins. Financial outlook and future-ordinated financial
information contained in this news release is based on assumptions about
future events, including economic conditions and proposed courses of action,
based on management's assessment of the relevant information currently
available. Readers are cautioned that any such financial outlook or
future-ordinated financial information contained or referenced herein may not
be appropriate and should not be used for purposes other than those for which
it is disclosed herein. The Company and its management believe that the
prospective financial information has been prepared on a reasonable basis,
reflecting management's best estimates and judgments at the date hereof, and
represent, to the best of management's knowledge and opinion, the Company's
expected course of action. However, because this information is highly
subjective, it should not be relied on as necessarily indicative of future
results. There can be no assurance that forward-looking statements will prove
to be accurate, as actual results and future events could differ materially
from those anticipated in such information or statements, particularly in
light of the current economic climate and the significant volatility, the
risks and uncertainties associated with the direct and indirect impacts of
COVID-19. Forward-looking statements contained herein are made as of the date
of this announcement and the Company disclaims any obligation to update any
forward-looking statement, whether as a result of new information, future
events or results or otherwise. Accordingly, readers should not place undue
reliance on forward-looking statements.

LEI: 213800PDI9G7OUKLPV84

Company No: 109180

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