REG - Starvest PLC - Directorate Change

StarvestAnnouncement

01/09/2022 07:00

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RNS Number : 7734X  Starvest PLC  01 September 2022

01 September 2022

 

 

Starvest Plc ("Starvest" or the "Company")

 

Board Changes

 

Starvest Plc (LON:SVE), the London Stock Exchange AIM-listed specialist mining
and resources investment company, announces changes to the board, effective
from 1(st) September 2022.

Highlights:

•       Callum Baxter appointed as Non-Executive Chairman

•       Mark Badros appointed as CEO

 

Callum Baxter, who has served as both Chairman and CEO of Starvest since
September 2015, will step down as CEO but remain as Non-Executive Chairman.
Mark Badros, who has served as a Non-Executive Director since December 2018,
is appointed CEO.

Mark Badros graduated magna cum laude from Princeton University and received
his law degree cum laude from Harvard Law School. He began his career
practicing securities, mergers and acquisitions, and corporate law in New
York. Mark has more than 15 years of investment experience in public and
private equities and has worked as an analyst and investment manager at mutual
funds and hedge funds, including Merrill Lynch Investment Managers,
Zweig-DiMenna Associates, Highland Capital and Ironbound Capital.

The Board changes take effect from 1(st) September 2022.

The changes to the Board reflect the Company's focus on strengthening
corporate governance practices and aligning more closely with the QCA
corporate governance guidelines. Over the coming months, the Company expects
to evaluate the possibility of adding one or more independent Non-Executive
Directors to enhance the depth and breadth of the Board's expertise.

Callum Baxter, Chairman, commented: "Mark has a solid investment background
and deep knowledge of corporate activities. He has worked successfully with
Starvest for several years achieving positive outcomes and understands the
Company, our shareholders, the Company's investment strategy, and the market.
I welcome his appointment as CEO of Starvest and look forward to continuing to
work with Mark, and other members of the board, as Non-Executive Chairman."

Mark Badros, CEO, commented: "Many thanks to Callum for his successful
leadership of the Company during an especially challenging period. I look
forward to working with him to enhance shareholder value by identifying
attractive investment opportunities and building on the Company's assets in a
risk-controlled manner."

Investors are encouraged to view our RNS feed on the Starvest web site
www.starvest.co.uk/announcements (http://www.starvest.co.uk/announcements)

Investors are also encouraged to follow and review the RNS and other news
flows issued or otherwise disseminated by Greatland Gold plc, an investee
company which constitutes a large portion of Starvest's trading portfolio
value and whose share price can influence that of Starvest.
www.greatlandgold.com/media/investor-news/
(http://www.greatlandgold.com/media/investor-news/)

 

 

Enquiries to:

Starvest PLC

Mark Badros or Gemma Cryan  02077 696 876  info@starvest.co.uk

 

Grant Thornton UK LLP (Nomad)

Colin Aaronson, Harrison Clarke or Ciara Donnelly 02073 835 100

 

SI Capital Ltd (Broker)

Nick Emerson or Alan Gunn  01483 413 500

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