REG - Mercantile Ports&Log - Board Changes

Mercantile Ports & LogisticsAnnouncement

31/01/2022 16:05

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RNS Number : 2013A  Mercantile Ports & Logistics Ltd  31 January 2022

31 January 2022

 

Mercantile Ports & Logistics Limited

("MPL", the "Group" or the "Company")

 

Board Changes

 

Mercantile Ports & Logistics Limited, which is operating and developing
out its port and logistics facility in Navi Mumbai, Maharashtra, India, is
pleased to announce that Dmitri Tsvetkov will be joining the Board as a
Non-Executive Director and Chair of the Audit Committee as soon as
practicable, subject to the approval of the Company's Nominated Adviser in
accordance with the AIM Rules, and a further announcement will be made in due
course.

Mr Tsvetkov has been the Chief Financial Officer of OPG Power Ventures plc
since November 2017. Prior to joining OPG, he accumulated over 27 years of
financial, accounting and operational experience, including significant
experience of working with promoter/founder-led energy sector listed companies
in London, Africa, Asia and Canada.

Mr Tsvetkov was previously Chief Financial Officer of Advance International
Exploration, Inc., Interim Chief Executive Officer and Chief Financial Officer
of Mart Resources, Inc. and Chief Financial Controller of Heritage Oil Plc, a
FTSE 250 oil and gas company.  Mr Tsvetkov was with PricewaterhouseCoopers in
Calgary, Canada and Moscow, Russia from 1994 to 2006.

He has a Chartered Accountant (CA) designation from the Canadian Institute of
Chartered Accountants, an FCCA designation from the Association of Chartered
and Certified Accountants in the UK and Chartered Financial Analyst (CFA)
designation from the CFA Institute in the US.

The Company further announces that Peter Mills, Non-Executive Director, is
stepping down from the board of the Company with immediate effect.

Commenting on the changes, Jeremy Warner Allen, Chairman of MPL said, "I am
delighted to welcome Dmitri to the business. Dimitri brings considerable
commercial, financial, and operational expertise of working in India and I
look forward to working with him as we continue to deliver our strategy.

I would also like to thank Peter for his contribution to MPL and we wish him
well in his future."

 

Enquiries:

 

 MPL                    C/O SEC Newgate

                        +44 (0) 20 3757 6880

 Cenkos Securities plc  Stephen Keys

 (Nomad and Broker)     +44 (0) 20 7397 8900

 SEC Newgate            Isabelle Smurfit

 (Financial PR)         +44 (0) 20 3757 6880

                        mpl@newgatecomms.com (mailto:mpl@newgatecomms.com)

 

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