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Directorate Change

Tue, 10th Mar 2015 07:03

RNS Number : 9623G
Obtala Resources Limited
10 March 2015

10 March 2015

Obtala Resources Limited

("Obtala" or the "Company")

(AIM: OBT)

Directorate Change

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."

Obtala Resources

Francesco Scolaro - Chairman Simon Rollason - Managing Director

www.obtalaresources.com

+44 (0) 20 7099 1940

ZAI Corporate Finance Limited (Nomad)

Ray Zimmerman

Richard Morrison

+44 (0)20 7060 2220

Brandon Hill Capital (Broker)

Jonathan Evans

+44 (0)20 3463 5000

Square 1 Consulting (Public Relations)

David Bick

Mark Longson

+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:

Current

African Resource Capital Ltd

Stratex International Plc

Stellar Resources plc

Santon Consultancy Services Limited

Past

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.

This information is provided by RNS
The company news service from the London Stock Exchange
END
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