2 Jul 2012 08:45
2 July 2012
Beacon Hill Resources Plc / ASX: BHU / AIM: BHR / Sector: Mining
Beacon Hill Resources Plc ('Beacon Hill' or the 'Company')
Appointment of Non-Executive Director
The Board of Beacon Hill is pleased to announce the appointment of Justin Farr-Jones as a Non-Executive Director of the Company. Mr Farr-Jones (36) is an Executive Director of Renaissance Partners Limited, part of Renaissance Group, which holds a 34.14% interest in the Company.
Mr Farr-Jones is currently responsible for existing and new investments in Africa, including the firm's investment in Beacon Hill Resources Plc. He has been active in private equity and portfolio management for the past 14 years, working with numerous portfolio companies at board level. Mr Farr-Jones joined Renaissance Asset Managers in 2008 and led Renaissance Africa Fund's successful investments in among others the re-capitalisation of Blue Financial Services (South Africa), Beacon Hill Resources acquisition of Minas Moatize (Mozambique), and an investment in TrustCo (Nambia) working closely with management in formulation of its growth strategy.
Prior to this, from 2004 to 2008, Mr Farr-Jones was a founding Partner at Clearbrook Capital Partners, a global mid-market private equity firm based in London. Mr. Farr-Jones has also previously held positions with WestLB Principal Finance, Barclays Capital and JP Morgan Chase. Mr. Farr-Jones holds a BA (Hons) Financial Services from Nottingham Business School.
Justin Lewis, Chairman of Beacon Hill commented, "We are delighted to welcome Justin Farr-Jones to the Board of Beacon Hill Resources. Justin's appointment reflects the Renaissance Partners' ongoing support and long term commitment as a shareholder of the Company."
Other Information
Current Directorships
Justin S Farr-Jones is currently a director of the following companies:
Renaissance Partners Limited
Woodbrook (Hampstead) Limited
Artemis Land Limited
Holdings in the Company
Mr Farr-Jones personally holds 2,500,000 Ordinary Shares in the Company. Renaissance Group Holdings Limited ('RGHL') holds 359,001,405 Ordinary Shares, which represent approximately 34.14% of the issue share capital of the Company. In addition RGHL holds 16,650,000 warrants.
Shareholder | Ordinary Shares | Warrants | % Voting Rights (excl. warrants) |
Justin Farr-Jones | 2,500,000 | Nil | 0.24% |
Renaissance Group Holdings Limited | 359,001,405 | 16,650,000 | 34.14% |
There is no other information that is required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules for Companies.
**ENDS**
For further information, please contact: | |
Beacon Hill Resources Plc | |
Justin Lewis, Chairman | +61 3 9627 9910 |
info@bhrplc.com | |
Canaccord Genuity Limited (Nominated Advisor & Joint Broker) | |
John Prior / Sebastian Jones | +44 20 7523 8350 |
Halcyon Corporate (Australian Corporate Advisor) | |
Ryan Whitelegg / Jonathan Tooth | +61 3 9627 9941 |
St Brides Media & Finance (UK Media Enquiries) | |
Susie Geliher (susie@sbmf.co.uk) / Elisabeth Cowell (elisabeth@sbmf.co.uk) | +44 20 7236 1177 |
NOTES
Beacon Hill Resources
Beacon Hill Resources Plc is focused on building a portfolio of near-term production projects in commodities relating to the steel production industry. Beacon Hill is dual listed on London's AIM Market (Code: BHR) and the Australian Securities Exchange (Code: BHU).
Beacon Hill owns and operates one of only two operating coal mines producing, selling and exporting coal in the Moatize Coal Basin of Mozambique. In addition, the Group has entered into a JV to develop a further coal tenement in Mozambique and holds licences over a significant magnesite deposit in Australia.
More details on Beacon Hill can be found at www.bhrplc.com.