REG - Kefi Gold and Copper - Appointment of Non-Executive Director

KEFI Gold and CopperAnnouncement

12/07/2024 07:00

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RNS Number : 1034W  Kefi Gold and Copper PLC  12 July 2024

12 July 2024

 

KEFI Gold and Copper plc

 

("KEFI" or the "Company")

 

Appointment of Non-Executive Director

 

KEFI (AIM: KEFI), a gold and copper exploration and development company
focused on the Arabian-Nubian Shield with a pipeline of projects in the
Federal Democratic Republic of Ethiopia, and the Kingdom of Saudi Arabia, is
pleased to announce the appointment of Addis Alemayehou as an independent
Non-executive Director of the Company with effect from the closing of the
Company's Annual General Meeting ("AGM") to be held on 22 July 2024.

 

Mr. Addis Alemayehou, who is based in Ethiopia, is the Chairman of Kazana
Group, a diversified investment firm dedicated to early-stage, high-impact,
tech-driven, and climate-smart initiatives, aiming to generate mass employment
in Africa.  Mr. Alemayehou is well known for having launched ventures in
Ethiopia such as Kana TV, the country's first dubbed television station; Afro
FM, Ethiopia's inaugural English-language radio station; and 251
Communications, a leading Ethiopian communications company.  He also provides
advisory services to global institutions on overseeing investments in East
Africa and in assessing opportunities, and is a Board member in Ethiopia for
Dangote Industries, the largest cement producer in Africa.

 

Harry Anagnostaras-Adams, KEFI's Executive Chairman commented:

 

"I am delighted that Addis will be joining the KEFI Board.  His experience
and relationships in Ethiopia will be invaluable as we advance our high-grade
Tulu Kapi Gold Project.  Addis' appointment is also part of our ongoing
commitment to have local participation in both management and financing at all
levels of our projects."

 

Following Addis Alemayehou's appointment and the planned retirement of Mark
Tyler as a non-executive director of the Company at the conclusion of the AGM,
the KEFI Board will comprise: Harry Anagnostaras-Adams (Executive Chairman),
John Leach (Finance Director), Addis Alemayehou (Non-Executive Director),
Alistair Clark (Non-Executive Director) and Richard Robinson (Non-Executive
Director).

 

The following information is disclosed pursuant to Rule 17 and Schedule Two
paragraph (g) of the AIM Rules for Companies in relation to Addis Alemayehou,
aged 53:

 

 Current Directorships                          Directorships held in the past 5 years
 Tow Five One Communications and Marketing plc  Arada Communications
                                                251 Communications

 

Mr. Alemayehou holds no ordinary shares in the capital of the Company.

 

Save as disclosed above there are no additional disclosures to be made in
accordance with Rule 17 or Schedule Two paragraph (g) of the AIM Rules for
Companies.

 

Enquiries

 

 KEFI Gold and Copper plc
 Harry Anagnostaras-Adams (Executive Chairman)       +357 99457843
 John Leach (Finance Director)                       +357 99208130

 SP Angel Corporate Finance LLP (Nominated Adviser)  +44 (0) 20 3470 0470
 Jeff Keating, Adam Cowl

 Tavira Financial Limited (Lead Broker)              +44 (0) 20 7100 5100
 Oliver Stansfield, Jonathan Evans

 IFC Advisory Ltd (Financial PR and IR)              +44 (0) 20 3934 6630
 Tim Metcalfe, Florence Chandler

 3PPB LLC (Institutional IR)
 Patrick Chidley                                     +1 (917) 991 7701
 Paul Durham                                         +1-203-940-2538

 

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