RE: RNS20 Jul 2020 08:19
RAB are in this long term - so no selling...
Mr Taylor has been appointed to the KEFI Board following the recent investment in the Company by RAB Capital, an international investment company, which holds approximately 12% of the Company's issued share capital. As announced on 11 May 2020, RAB Capital is viewed as a long-term shareholder and has been granted a right to nominate a director to the Board of the Company for as long as RAB Capital's interest remains at 10% or above.
Harry Anagnostaras-Adams, Executive Chairman of KEFI, commented : "We are delighted to welcome Adam to the KEFI Board. As well as cementing our relationship with KEFI's largest institutional shareholder, RAB Capital, Adam brings a wealth of hands-on business experience in Africa, coupled with significant international investment expertise, which will be invaluable to the Company as we progress our projects in Ethiopia and Saudi Arabia."