20 Mar 2015 15:56
Kuala Limited ("the Company")
Directorate Change
In line with the strategic changes previously disclosed within the Company's recent financial reports, Kuala Limited announces that Bryan Smith has been appointed to the Board and the Audit Committee with immediate effect.
Bryan Smith has an interest in 500,332 ordinary shares of Kuala, representing approximately 1.82% of the Company's issued share capital, and, 3,752,408 Anti-Dilution Warrants in the Company, exercisable at 5p per ordinary share up to 28 May 2015 (the terms of which are set out in the Company's shareholder circular dated 20 October 2014).
Bryan George Smith (aged 75) has the following current directorships and past directorships (within the last five years):
Current directorships
Northbridge Financial Corporation
Northbridge Commercial Insurance
Northbridge General Insurance
Northbridge Personal Insurance
Zenith Insurance
Federated Insurance
Past directorships (within the last 5 years)
Polo Resources Limited
There is no further information on Mr Smith required to be disclosed under Rule 17 or Schedule Two, paragraph (g) of the AIM Rules for Companies.
For further information, please visit www.kualalimited.com or contact:
Kuala Limited Elysium Fund Management Limited
| Tel: +44 1481 810 100 |
RFC Ambrian Limited (Nomad and Joint Broker) Samantha Harrison
| Tel: +44 (0) 20 3440 6800 |
Peterhouse Corporate Finance Limited (Joint Broker) Guy Miller / Lucy Williams
| Tel: +44 (0) 20 7469 0930 |