Armadale Capital Plc Appointment of Non-executive Director

 
TIDMACP 
 
 

Armadale Capital Plc / Index: AIM / Epic: ACP / Sector: Investment Company

11 March 2019

Armadale Capital Plc ('Armadale' or 'the Company')

Appointment of Non-executive Director

Armadale Capital plc (LON:ACP), the AIM quoted investment company focused on natural resource projects in Africa, is pleased to announce that, further to the announcement of 27 February 2019, Paul Johnson has been appointed to the Board as a Non-executive Director with immediate effect.

Mr. Johnson is an experienced public company director and is a former Chief Executive Officer of natural resource investing company Metal Tiger plc (LON:MTR). He has also previously held the roles of Chairman at ECR Minerals plc (LON:ECR); Chief Executive Officer at China Africa Resources plc (now Pembridge Resources plc (LON:PERE) and Metal NRG plc (LON:MNRG); and Non-executive Director at Greatland Gold plc (LON:GGP), Papua Mining plc (now Rockfire Resources plc LON:ROCK) and Thor Mining plc (LON:THR).

Mr. Johnson is the Chief Executive Officer of Value Generation Limited, a family investment and advisory company focused on the natural resource and related fintech sectors. He is also Executive Director of African Battery Metals plc (LON:ABM) an AIM quoted exploration and development company focused on battery metal projects in Africa.

Mr. Johnson holds a degree in Management Science from the University of Manchester Institute of Science and Technology and is a Chartered Accountant, Chartered Loss Adjuster and Associate of the Chartered Insurance Institute.

Nick Johansen, Director of Armadale, said,"We are delighted to welcome Paul Johnson to the Board at such an exciting time as we look to deliver the Definitive Feasibility Study for our high-grade Mahenge Liandu Graphite project in Tanzania.

"Paul's participation in the recent strategic financing, along with certain directors, management and key stakeholders, is testament to our shared belief in the potential of Mahenge Liandu and we look forward to providing further updates on its development over the coming months."

The information required by Schedule 2 Paragraph (g) of the AIM Rules for Companies in relation to the appointment of Paul Johnson (aged 49) as Chief Executive Officer is as follows:

 
Current Directorships                   Past Directorships 
African Battery Metals PLC              Thor Mining Plc 
Loncad Limited                          Metal NRG Plc 
Value Generation Limited                Pembridge Resources Plc (formerly 
Tomas Capital Limited                   China Africa Resources Plc) 
Glenpani Capital Limited                Rockfire Resources Plc (formerly 
GPC 101 Limited                         Papua Mining Plc ) 
Catalyst Information Services Limited   NTZ Resources Limited 
                                        Metal Capital Limited 
                                        Metal Tiger Plc 
                                        Open 2 Barter Limited 
                                        Greatland Gold Plc 
                                        Catalyst Strategies Limited 
                                        Strathmore Accountants Limited 
                                        Commercial Assure Limited 
                                        ECR Minerals Plc 
 
 

Value Generation Limited a company beneficially owned by Paul Johnson and his wife Michelle Louise Johnson acquired 2,272,727 shares in the Company in the Strategic Financing announced on 27 February 2019 and which are due to be admitted on or around 12 March 2019.

PDMR Disclosure

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the director's share dealing.

 
1.   Details of the person discharging managerial  responsibilities/person closely associated 
a)   Name:                                                         Paul Johnson 
2.   Reason for the notification 
a)   Position/status:                                              Non-Executive Director 
b)   Initial notification/Amendment:                               Initial notification 
3.   Details of the issuer, emission allowance market participant,  auction platform, auctioneer or auction monitor 
a)   Name:                                                         Armadale Capital Plc 
b)   LEI:                                                          213800495EK876JETD10 
4.   Details of the transaction(s): section to be repeated for (i)  each type of instrument; (ii) each type of transaction; (iii) each  date; and (iv) each place where transactions have been conducted 
a)   Description of the financial instrument, type of instrument:  Ordinary Shares of 0.1 pence each 
     Identification code: 
                                                                   ISIN: GB00BYMSY631 
b)   Nature of the transaction:                                    Share Options 
c)   Price(s) and volume(s):                                       Price(s) 
                                                                   2.2 pence 
 
                                                                   Volume(s) 
                                                                   7,500,000 
d)   Aggregated information:                                       Single transaction as in 4 c) above 
     Aggregated volume:                                            Price(s) 
     Price:                                                        2.2 pence 
 
                                                                   Volume(s) 
                                                                   7,500,000 
e)   Date of the transaction:                                      07 March 2019 
f)   Place of the transaction:                                     Outside a trading venue 
 
 

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

**ENDS**

For further information, please visit the Company's website www.armadalecapitalplc.com, follow Armadale on Twitter @ArmadaleCapital or contact:

 
Enquiries: 
Armadale Capital Plc                      [phone] 
Tim Jones, Company Secretary 
Nomad and broker: finnCap Ltd             [phone] 
Christopher Raggett / Max Bullen-Smith 
Joint Broker: SVS Securities              [phone] 
Tom Curran / Ben Tadd 
Press Relations: St Brides Partners Ltd   [phone] 
Isabel de Salis / Juliet Earl 
 
 

Notes

Armadale Capital Plc is focused on investing in and developing a portfolio of investments, targeting the natural resources and/or infrastructure sectors in Africa. The Company, led by a team with operational experience and a strong track record in Africa, has a strategy of identifying high growth businesses where it can take an active role in their advancement. Its current key focus is the Mahenge Liandu graphite project in south-east Tanzania, located in a highly prospective region with a high-grade JORC compliant inferred mineral resource estimate of 51.1Mt @ 9.3% TGC. Marking the project one of the largest high-grade resources in Tanzania, and work to date has demonstrated Mahenge Liandu's potential as a commercially viable deposit with significant tonnage, high-grade coarse flake and near surface mineralisation (implying a low strip ratio) contained within one contiguous ore body.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190311005046/en/

 
This information is provided by Business Wire 
 
 

(END) Dow Jones Newswires

March 11, 2019 03:00 ET (07:00 GMT)