22 Apr 2016 18:00
Agriterra Ltd / Ticker: AGTA / Index: AIM / Sector: Agriculture
22 April 2016
Agriterra Ltd ('Agriterra' or the 'Company')
Board Change
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Agriterra, the AIM listed Africa focussed agricultural company, announces that Phil Edmonds has today stepped down as chairman of the Company.
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The remaining executive directors have identified a suitable candidate to replace Mr Edmonds as non-executive chairperson and anticipate that this appointment will be formalised in the coming days upon completion of all regulatory approvals; an announcement on this appointment will therefore follow in due course.
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Andrew Groves, CEO of the Company stated "Having worked with Phil for many years, I would like to take this opportunity to thank him for his commitment and support in our efforts to generate shareholder value in various projects across Africa. I wish him the very best for the future and I know that he will continue to be busy with his charitable activities in Zambia."
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Mr Edmonds commented "Having recently reached the egregious pensionable age, my priorities are inevitably changing. I now want to devote more time towards charitable works generally and particularly in my home country of Zambia where I am involved in developing a provincial school for over 450 children. I do however remain fully convinced by the Agriterra vision and as a significant shareholder am fully supportive of the management team that we now have in place."
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** ENDS **
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For further information please visit www.agriterra-ltd.com or contact:
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Andrew Groves | Agriterra Ltd | Tel: +44 (0) 20 7408 9200 |
Daniel Cassiano-Silva | Agriterra Ltd | Tel: +44 (0) 20 7408 9200 |
David Foreman | Cantor Fitzgerald Europe | Tel: +44 (0) 20 7894 7000 |
Michael Reynolds | Cantor Fitzgerald Europe | Tel: +44 (0) 20 7894 7000 |
Susie Geliher | St Brides Partners Ltd | Tel: +44 (0) 20 7236 1177 |
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