Directorate Change
10 December 2014
The Company today announces the appointments of Mr Ngoni Kudenga and Mr Herbert Mashanyare, who will be joining the Mwana board as Non-Executive Directors with effect immediately.
Mr Kudenga, a chartered accountant, has over 30 years' experience in finance and commercial roles accumulated from positions in accounting firms and private and public corporations. He is founder and Managing Partner of Kudenga & Co. Chartered Accountants Zimbabwe, an affiliate of BDO since 1998, and a member of Council of the BDO International Network.
Mr Mashanyare is a mining engineer and member of the Institute of Materials, Minerals and Mining, with over 30 years' experience in the mining industry. He currently acts as a consultant to Mimosa Mining Co., where he was previously Executive Director, and has also previously worked at Zimasco, Rio Tinto Zimbabwe and the Institute of Mining Research.
Kalaa Mpinga, CEO of Mwana Africa commented:
"I am delighted that Ngoni and Herbert have accepted our invitation to join the board as Non-Executive Directors. Not only will their appointments strengthen the independence of the board but also their wealth of experience and knowledge in a wide range of business areas in Zimbabwe will ensure that they will make a valuable contribution to the ongoing growth and success of the Company."
Save as disclosed below there are no additional disclosures to be made in accordance with paragraph (g) of Schedule 2 of the AIM rules.
Ngoni Kudenga, aged 62, has the following current directorships:
-
Kudenga & Co. Chartered Accountants Zimbabwe
-
Bindura Nickel Corporation Limited
-
Valley Estates Limited
-
Holdings (Pvt) Ltd
Former directorships held in the last five years:
-
ABC Holdings Ltd
-
ABC Zimbabwe Limited
Stanley Mashanyare, aged 61, has no current directorships.
Former directorships held in the last five years:
For further information contact:
Mwana Africa PLC
Kalaa Mpinga, CEO
Caroline Mathonsi, Investor Relations
Tel: +44 (0) 20 7654 5580
Nominated Adviser and Broker
Peel Hunt LLP
Matthew Armitt / Ross Allister
Tel: +44 (0) 20 7418 8900
Public Relations
Russell and Associates
Jim Jones / Leigh King
Tel: +27 (0) 11 880 3924