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African Potash Ltd. (AFPO)
African Potash Ltd.: Board Changes
06-Nov-2017 / 15:28 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
The information communicated within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this announcement,
this inside information is now considered to be in the public domain.
6 November 2017
AFRICAN POTASH LIMITED
("African Potash" or the "Company")
Board Changes
African Potash, the NEX listed exploration company focused on the vertical
integration of fertiliser operations in Africa and sub-Saharan potash
assets, announces the resignation of Simon Dorling, Peter Hain and Declan
O'Brien as non-executive directors with immediate effect.
Simon Dorling has been the lead geologist on the Lac Dinga Project and has
decided to step down following the effective date of the earn-in agreement
with African Agronomix Limited who are now the operator of Lac Dinga.
Peter Hain has been most supportive of the Company's efforts to bring fairly
priced fertiliser to the African Farmer, However, his increased workload on
other duties has prompted him to step down.
Declan O'Brien has played an active role as a non-executive director and has
been instrumental in developing the Company's trading strategy to focus on
selling direct to the wholesale and retail distribution outlets serving the
small-scale farmer in particular.
The Board thank Simon, Peter and Declan for their valuable counsel and wish
them all well in their future endeavours.
African Potash Executive Chairman, Chris Cleverly, said: "With African
Agronomix's participation in the Lac Dinga project, African Potash now has a
supportive and experienced partner to help develop this valuable resource.
Elsewhere, the Company is developing strategic partnerships as it pursues
the building of its integrated fertiliser platform as well as exploring
innovative solutions for fertiliser trading which will benefit all
stakeholders. "
The Company will be announcing Board appointments in the coming months to
support its strategy in Africa.
The Directors of the Company accept responsibility for the content of this
announcement.
**ENDS**
For further information visit www.africanpotash.com [1] or contact the
following:
African Potash Limited:
Chris Cleverly +44 (0) 20 7408 9200
NEX Exchange Corporate Adviser:
Alexander David Securities Limited
David Scott - Corporate Finance +44 (0) 20 7448 9820
James Dewhurst - Corporate Broking +44 (0) 20 7448 9820
ISIN: GG00B4QYTJ50
Category Code: BOA
TIDM: AFPO
Sequence No.: 4812
End of Announcement EQS News Service
625491 06-Nov-2017
1: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=7cfd933424f56031988753a0aea19d9b&application_id=625491&site_id=vwd_london&application_name=news
(END) Dow Jones Newswires
November 06, 2017 10:30 ET (15:30 GMT)
