Tue, 10th Mar 2015 07:03
10 March 2015
Obtala Resources Limited
("Obtala" or the "Company")
Obtala Resources Limited (AIM:OBT), the vertically integrated agri-processing, farming, timber and retail company, is pleased to announce the appointment of Emma Priestley to the Board as an Executive Director with immediate effect.
Emma Priestley specializes in Africa and emerging market sectors, developing and advising companies. In this capacity, until its successful takeover, she was an Executive Director of Lonrho Plc, focusing on opportunities in agriculture, logistics, infrastructure, and natural resources, and attracting investors to them, both in equity and structured finance.
Emma is on the board of Stratex International Plc as business development and market liaison, in conjunction with this she is an adviser with African Resource Capital focused on investments on the African Continent. Previously, Emma has worked with GVA Grimley and IMC Mackay & Schnellmann, investment bank CSFB, advisers VSA Resources, Ambrian Partners, where she worked as corporate broker and adviser. Emma is a graduate of Camborne School of Mines, is a chartered Mining Engineer and Chartered Mineral Surveyor.
Commenting on today's announcement, Francesco Scolaro, Chairman of Obtala, said: "On behalf of the Board, I would like to welcome Emma to Obtala. Emma brings a wealth of experience in the agricultural and related logistics sector in Africa which will greatly benefit and complement the Company as we continue our corporate growth plans."
Francesco Scolaro - Chairman Simon Rollason - Managing Director
+44 (0) 20 7099 1940
ZAI Corporate Finance Limited (Nomad)
+44 (0)20 7060 2220
Brandon Hill Capital (Broker)
+44 (0)20 3463 5000
Square 1 Consulting (Public Relations)
+44 (0)20 7929 5599
The following information is disclosed under Schedule 2g of the AIM Rules.
Emma Kinder Priestley, aged 42, currently holds or previously held in the last five years the following directorships and partnerships:
African Resource Capital Ltd
Stratex International Plc
Stellar Resources plc
Santon Consultancy Services Limited
Aldeamento Turistico de Macuti SARL
Blueberry International Services Limited
Celsys Limited Complete Enterprise Solutions Limited
Complete Enterprise Solutions (Pty) Limited
Five Forty Africa (BVI) Limited
Five Forty Aviation Limited
ForgetMeNot Africa Limited
Gardoserve (Pvt) Limited (trading as Millpal Chamicals)
Goldstone Resources Plc
Hotel Cardoso SARL Indit Technology Distribution (Pty) Limited
Lonrho Africa (Holdings) Limited Lonrho Agribusiness (BVI) Limited Lonrho Air Africa (BVI) Limited Lonrho Air (BVI) Limited Lonrho Air (2) BVI Limited Lonrho Air (3) BVI limited Lonrho Aviation (BVI) Limited Lonrho Food Supply Chain Management Limited
Lonrho Holdings Limited Lonrho Hotels Management Services BVI Limited
Lonrho Infrastructure (BVI) Limited Lonrho Investments Limited
Lonrho Management Services Limited
Lonrho Oil (Malawi) Limited Lonrho PLC (now Lonrho Limited) Lonrho Springs Limited
Lonzim Air (BVI) Limited LonZim PLC (now Cambria Africa Plc) Luba Freeport Limited Morningdale Properties (Pvt) Limited
Peak Mine (Pvt) Limited
Rex Mining (Pvt) Limited Sociadade Commercial Bytes & Pieces Limitada
Southern Africa Management Services Limited
Swissta Holdings Limited Swissta Mozambique Lda Wardlaw (1989) Limited
Ms Priestley does not hold any shares in the Company. Her former married name was de Borchgrave d'Altena.