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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
United Cacao | LSE:CHOC | London | Ordinary Share | KYG9271M1078 | ORD USD0.001 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 50.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCHOC TIDMUCL
RNS Number : 3854L
United Cacao Limited SEZC
30 September 2016
30 September 2016
United Cacao Limited SEZC
("United Cacao" or the "Company")
Director Appointment and Board Changes
United Cacao Limited SEZC (AIM: CHOC), the AIM-quoted cacao plantation company based in Peru, is pleased to announce that, further to the Company's announcement of 16 September 2016, Nicolas Van Broekhoven has joined the board as an independent non-executive director.
Nicolas Van Broekhoven is a Managing Director of Value Square Singapore. Value Square is a global asset manager with offices in Belgium and Singapore and assets under management of approximately US$455 million. Nicolas joined the company in 2008. Prior to Value Square, Nicolas worked for Petercam W&P (Belgium) and I-Methods/Foyer Patrimonium (Luxembourg), having been professionally engaged as an analyst and fund manager since 2003. Nicolas has appeared regularly in financial media publications such as De Tijd, De Standaard, The Wall Street Transcript, Edge Singapore and writes a bi-monthly column for the US magazine Better Investing. Nicolas holds a BSc in Finance from Bentley University (Boston, USA).
Further Board Changes
As the Company has transitioned to revenue producing, the Board and key stake-holders have agreed to enhance the Company's corporate governance. In line with this development, Dennis Melka will be stepping down from the board of directors of the Company to assume the position of Group Managing Director. Mr. Melka's day-to-day responsibilities and existing employment contract within the Company will remain unchanged.
In addition, the board is currently finalising the appointment of a further non-executive director for which a further announcement will be made in due course.
Constantine Gonticas, Chairman, commented:
"Nicolas further strengthens the board as we transition to a revenue producing estate. His experience in investing in the plantation sector globally will provide the Board with valuable insights and guidance in the coming years."
Nicolas Van Broekhoven commented:
"I am excited to join the United Cacao board. I look forward to working with the other board members to position the Company as a leading specialty food ingredient producer. The Company is well-positioned to benefit from continued structural deficits in cacao production, consumers' clear preference for chocolate that is made from child labour-free cacao and the premium markets' shift to fine flavour cacao. "
The following information is disclosed pursuant to schedule 2 (g) of the AIM Rules
Mr Van Broekhoven, aged 36, is or has been a director of the following companies during the previous five years:
Current Directorships Previous Directorships Value Square Singapore Value Square NV Private Limited
Nicolas currently holds 40,000 ordinary shares of US$0.001 in the Company representing approximately 0.21 per cent. of the Company's issued share capital.
For more information, please visit www.unitedcacao.com or contact:
+1 345 815 United Cacao Limited SEZC 2710 Dennis Melka Anthony Kozuch Strand Hanson (Financial & Nominated +44 (0) 20 Adviser) 7409 3494 James Harris / James Spinney / Ritchie Balmer +44 (0) 20 Beaufort Securities (Joint Broker) 7382 8300 Jon Belliss / Elliot Hance Kallpa Securities SAB (Joint Broker) +51 1 630 7500 Ricardo Carrion +44 (0) 20 Tavistock (PR Adviser) 7920 3150 Simon Hudson/Jos Simson
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
September 30, 2016 09:30 ET (13:30 GMT)
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