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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