Mwana Africa Plc Directorate Change
10/12/2014 7:15am
UK Regulatory
TIDMMWA
10 December 2014
Mwana Africa PLC
("Mwana" or the "Company")
Directorate Change
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
Hippo Valley Estates Limited
Zimasco Holdings (Pvt) Ltd
Former directorships held in the last five years:
ABC Holdings Ltd
ABC Zimbabwe Limited
Herbert Stanley Mashanyare, aged 61, has no current directorships.
Former directorships held in the last five years:
Mimosa Mining Company
For further information please visit www.mwanaafrica.com or contact:
Mwana Africa PLC Tel: +44 (0) 20 3 696 5470
Kalaa Mpinga, CEO
Caroline Mathonsi, Investor Relations
Nominated Adviser and Broker Tel: +44 (0) 20 7418 8900
Peel Hunt LLP
Matthew Armitt / Ross Allister
Public Relations Tel: +27 (0) 11 880 3924
Russell and Associates
Jim Jones/Leigh King
END