Kore Potash PLC Appointment of CFO (3050B)

TIDMKP2

RNS Number : 3050B

Kore Potash PLC

09 June 2021

09 June 2021

Kore Potash plc

("Kore Potash" or the "Company")

Appointment of CFO

Kore Potash plc, the potash development company with 97%-ownership of the Kola and Dougou Extension ("DX") Potash Projects in the Sintoukola Basin, Republic of Congo ("RoC"), is pleased to announce the appointment of Mr. Jean-Michel Bour as Chief Financial Officer ("CFO").

Jean-Michel has a Bachelor's degree in Business Studies (Hons) with over 21 years' experience in the mining and oil & gas sectors. This includes a long period at BHP where he held several management and leadership roles, notably as Business Controller for the Nickel and Copper businesses and Head of Risk for Global Functions. Jean-Michel also worked as a consultant for Rio Tinto, designing and rolling-out a risk management improvement project for its Global Treasury, and has consulted for Anglo American.

Jean-Michel holds dual French & English citizenships and thrives in multicultural environments, having lived in Nigeria, the Republic of Congo, Cameroon, the Netherlands, France, US and Singapore.

Mr. Bour will report directly to the CEO and is not joining the Company's board.

As previously announced, the current CFO of Kore Potash, Mr. Andrey Maruta, has decided to stepdown from the CFO role effective 10 June 2021 to pursue other opportunities but will remain available to facilitate a smooth transition.

Brad Sampson, Chief Executive of Kore Potash, said: "I am very pleased to announce the appointment of Jean-Michel Bour as the new CFO of Kore Potash.

The Company is in a strong position to realise its potential in developing the world class Sintoukola Potash basin and Jean-Michel's experience in the sector will prove of great benefit to Kore as we move through the next stages of growth towards financing and production.

I would also like to thank Andrey Maruta for his contribution to the Company during his time as our CFO".

This announcement was approved by the Board of Kore Potash PLC.

ENDS

For further information, please visit www.korepotash.com or contact:

 
 Kore Potash                            Tel: [phone] 
  Brad Sampson - CEO 
 Tavistock Communications               Tel: [phone] 
  Jos Simson                             3150 
  Edward Lee 
                                        Tel: [phone] 
   Canaccord Genuity - Nomad and         4600 
   Broker 
   James Asensio 
   Henry Fitzgerald-O'Connor 
 Shore Capital - Joint Broker           Tel: [phone] 
  Jerry Keen                             4050 
  Toby Gibbs 
  James Thomas 
  Questco Corporate Advisory - JSE      Tel: [phone] 
   Sponsor                               9208 
   Mandy Ramsden 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

BOAFIFVDRLIAIIL

(END) Dow Jones Newswires

June 09, 2021 03:45 ET (07:45 GMT)