21 Dec 2015 07:00
21 December 2015
AfriAg PLC
("AfriAg" or the "Company")
Directorate Change
AfriAg Plc (AIM: AFR and ISDX: AFRI), the London listed agricultural value chain investing company, today announces that David Lenigas has retired as Chairman of the Company with immediate effect and that Hamish Harris has been appointed to replace him as Chairman.
Hamish Harris, AfriAg's Chairman, commented:
"I look forward to leading AfriAg as an investing company focused on agricultural logistics within Africa and from Africa to the world, and making it a commercial success for its shareholders.
The Company has benefited greatly from David Lenigas' leadership, seeing its investments in the African agricultural and agri-logistics space grow steadily over the past few years.
"The board thanks David for his valuable contribution over the past years and wishes him well with his new business focus."
David Lenigas added:
"I am proud of what has been achieved so far in building this Company into a potentially significant participant in the African agri-logistics sector, having being part of the team that transformed a struggling technology company called 3D Diagnostics Imaging Plc to one with a new future in an exciting and rapidly growing sector. I have planned for some time to retire from the board, once the business had reached a solid platform from which to grow, to focus on my new North American and Cuban businesses. The African team are having the busiest period in its history and I see the business continuing this growth as the agri-logistics fleet grows."
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For further information, please contact:
AfriAg plc: +44 (0) 20 7440 0640
Hamish Harris/Donald Strang
Nominated Adviser and Broker:
Cairn Financial Advisers LLP +44 (0) 20 7148 7900
James Caithie/Jo Turner
Public Relations:
Square1 Consulting +44 (0) 20 7929 5599
David Bick/Brian Alexander