12 Sep 2013 07:00
12 September 2013
Creon Resources Plc
("Creon" or the "Company")
Directorate Change
Creon (AIM: CRO), the resource and resource infrastructure focussed investment company, is pleased to announce that Zafarullah (Zafar) Karim is appointed to the Board as an Executive Director with immediate effect.
Zafar Karim, 45, brings over two decades of business and financial experience, including investment banking, investment and risk management, financial strategy and growing and restructuring companies, to Creon. Zafar has been the impetus driving change and growth in several companies where he has served as a board member. He has also acted as a consultant to various businesses and entrepreneurs in relation to their financial and investment strategies. Zafar started his career in 1990 with the investment banking division of Salomon Brothers. He then worked for several years for NM Rothschild in in a variety of developed and emerging markets. Zafar has an M.A. in economics from the University of Cambridge.
The board also announces that August "Guus" Johannes Francisca Maria Berting and Aamir Ali Quraishi have resigned as Non-Executive Directors with immediate effect.
Commenting on the changes, Glen Lau, Chief Executive Officer said:
"I am delighted to welcome Zafar to the Board of Creon. His experience and expertise will be invaluable in growing and achieving Creon's goal of becoming a leading resource and resource infrastructure investment company. My colleagues and I are very much looking forward to working with him.
"I would like to take this opportunity to thank Guus and Aamir for their services to Creon and wish them success in their future endeavours."
Further information concerning Mr Karim
Current Directorships:
Legendary Investments Plc
New Standard Capital Limited
Past Directorships:
Ensurepay Limited
Epal Limited
Mobilepay Limited
Travelpay Limited
Zabadoo.Com Limited
Bishopbourne Management Company Limited
Earthport Middle East Limited
Earthport USA Limited
Earthport AsiaPac Ltd
Earthport Enterprises Limited Inc.
Earthport Newco Limited
Mr Karim is interested, indirectly, in 0.7% of the issued share capital Creon. Mr Karim's interest is through Legendary Investments Plc, of which he holds a 2.09% beneficial interest and is Executive Chairman. Mr Karim also holds warrants over 109,544,785 Creon shares. The warrants have time and performance conditions.
There is no further information required relating to Mr Karim to be disclosed under paragraph (g) of Schedule 2 of the AIM Rules.
- Ends -
For further information please contact:
Creon Resources Plc | Glen Lau, Chief Executive Officer | Tel: +65 6224 6766 Tel: + 44 (0) 20 7583 8304
|
Daniel Stewart & Company Plc
| Paul Shackleton | Tel: + 44 (0) 20 7776 6550 |
Newgate Threadneedle | Graham Herring | Tel: + 44 (0) 20 7653 9850
|
About Creon Resources Plc
Creon Resources Plc is an investment company whose policy is to invest principally, but not exclusively, in the resources and resources infrastructure sectors. Creon has a deep and broad global network and wide contact base in these sectors, including in East and South East Asia and the Middle East which it leverages to source and make investments. These sectors exhibit high growth and are strategically important. Creon is a proactive investor which assists its investee companies to grow by providing investment, expertise and contacts.