Armadale Capital Plc Appointment of Non-executive Director

 
TIDMACP 
 
 

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 Ms Amne Suedi has been appointed to the Board as a Non-executive Director with immediate effect.

Ms Suedi is a highly experienced legal professional who specialises in Africa based investment and business law. Ms Suedi is the founder and CEO of Shikana Law Group, a law firm in Kenya, Zanzibar and Tanzania and headquartered in Dar es Salaam, which provides legal and investment advice to foreign investors operating in Africa. Previously Ms Suedi acted as a legal adviser to Pictet Asset Management in Switzerland and the World Trade Organisation.

Ms Suedi has an LLM in international trade and finance law along with a Licence in Law from University College London and the University of Geneva respectively.

Nick Johansen, Director of Armadale, said,"We are delighted to welcome Amne to the Board at what continues to be a very exciting time in the Company's development.

"Amne will provide the Company with great value and counsel from her significant experience of working with and advising Africa based investment companies."

The information required by Schedule 2 Paragraph (g) of the AIM Rules for Companies in relation to the appointment of Amne Sharifa Suedi (aged 38) as Non-Executive Director is as follows:

 
Current Directorships      Past Directorships 
Shikana Law Group Limited  n/a 
 
 

Mrs Amne Suedi does not hold any interest over the ordinary shares in Armadale Capital plc.

**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] 
Charlotte Page / Beth Melluish 
 
 

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/20200107005507/en/

 
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(END) Dow Jones Newswires

January 07, 2020 06:01 ET (11:01 GMT)