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Share Name Share Symbol Market Type Share ISIN Share Description
Obtala LSE:OBT London Ordinary Share GG00B4WJSD17 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.05p -0.71% 7.00p 6.70p 7.30p 7.05p 7.00p 7.05p 114,494 11:08:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 8.4 -9.9 3.5 2.0 29.21

Obtala Limited Appointment of New Nominated Adviser and Broker

11/01/2019 7:00am

UK Regulatory (RNS & others)


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Obtala Limited

11 January 2019

11 January 2019

Obtala Limited

("Obtala", the "Group" or the "Company")

(AIM: OBT)

Appointment of New Nominated Adviser and Broker

Finalisation of Board Changes

Obtala Limited (AIM: OBT), the African focused forestry and timber trading company, is pleased to announce the appointment of Arden Partners Plc as Nominated Adviser and broker to the company with immediate effect.

Further to the announcement on 30 October 2018, the Company confirms that following the satisfactory outcome of regulatory due diligence, Mr Ghossein, Mr. Abbas and Mr. Hansen have been appointed as Deputy Chairman, Head of Trading Division, and Chief Operating Officer respectively. The Company also informs that Jessica Camus has stepped down as a Non-Executive Director of the Company. All of the Board changes are with effect from today. The Board has started a process to appoint a further independent Non-Executive Director. Furthermore, as previously announced, Martin Collins stepped down, with effect from 29 October 2018 from his position as Deputy Chairman.

The following information is disclosed pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies:

Full name: Hadi Ghossein

Age: 57

Current Directorships / Partnerships: Woodbois Gabon SA, SCI Yarim.

Past Directorships / Partnerships (past 5 years): None

Full name: Jacob Hansen

Age: 50

Current Directorships / Partnerships: WoodBois International ApS, Tropican Holdings ApS, Woodgroup ApS, Planum Holding ApS.

Past Directorships / Partnerships (past 5 years): None

Full name: Zahid Abbas

Age: 44

Current Directorships / Partnerships: WoodBois International ApS, Ideal Rens ApS, AKA Holding ApS, A2Z Holdings ApS, Woodgroup ApS.

Past Directorships / Partnerships (past 5 years): None

No further information in connection with their appointment is required to be disclosed under Schedule Two, paragraph (g) (i) - (viii) of the AIM Rules for Companies.

 
Obtala Limited 
 Miles Pelham - Chairman 
 Paul Dolan - CEO          +44 (0)20 7099 
 www.obtala.com             1940 
Arden Partners Plc 
 Tom Price                 +44 (0)20 7614 
 Maria Gomez de Olea        5900 
 

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 rns@lseg.com or visit www.rns.com.

END

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January 11, 2019 02:00 ET (07:00 GMT)

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