22 Jul 2011 12:15
22 July 2011
Strategic Natural Resources PLC
("SNR" or the "Company")
Appointment of Non-Executive Director
The Board of SNR (AIM:SNRP) is delighted to announce that Mr Phumelele Stone Sizani has been appointed as Non-Executive Director of SNR, with immediate effect.
Mr Sizani has committed most of his life to fighting apartheid in South Africa and was imprisoned on Robben Island with Nelson Mandela, for 5 years. He completed his schooling in prison and subsequently obtained a Master of Arts degree from the University of East Anglia in the UK. From the 1980s Mr Sizani was politically active through various organisations, including the Port Elizabeth Youth Congress, the African Food and Canning Workers Union and the Eastern Cape, United Democratic Front.
Since the end of the apartheid he has been an active member of the ANC. He was Chairman of the Eastern Cape Branch from 2006 to 2009. He is currently Member of Parliament in the National Assembly. Mr Sizani has a number of business interests, including Rapitrade 644 (Pty) Ltd, SNR's Black Economic Empowerment partner.
David Nel, CEO, commented: ''We are delighted to have Mr. Sizani join our board. He is an esteemed and respected politician who has made a transition into business. His wealth of experience in both the political sphere and the business world of South Africa will greatly assist us in our current stage of development as we conclude our discussions and arrangements with Transnet, the Department of Roads and continue to pursue various local funding options in order to develop the Etheni coal mine and commence coal exports.''
For further information, please contact:
Strategic Natural Resources plc David Nel, Chief Executive Officer Jeremy Metcalfe, Communications Director |
+27 (0) 41 374 0842 +44 (0)7785 346 718 |
Nominated Adviser and Joint Broker - Allenby Capital Limited Nick Naylor / Alex Price / James Reeve |
+44 (0) 20 3328 5656 |
Evolution Securities Chris Sim / Romil Patel |
+44 207 071 4300 |
SP Angel Corporate Finance Limited - Joint Broker Emin Eyi / Tercel Moore |
+44 (0) 207 647 9646 |
Financial Dynamics Billy Clegg / Oliver Winters | +44 (0)207 831 3113 +44 (0)77 0332 9024 |
For further information about Strategic Natural Resources plc please visit www.snrplc.co.uk
About SNR:
The Company was established on 5 October 2004 as a vehicle to develop, own and manage natural resource extraction enterprises in Southern Africa.
Regulatory Disclosures
Name: Phumelele Stone Sizani (aged 57)
Mr Sizani is or has been a director of the following companies in the last 5 years:
Current Directorships:
·; Mottingham Traders (Pty) Ltd
·; Krys Investments (Pty) Ltd
·; Stone Sizani Consulting Cc
·; Aeroserv Maintenance (Pty) Ltd
·; Menzies Aviation (South Africa) (Pty) Ltd
·; Menzies Aviation (South Africa) (Cargo) (Pty) Ltd
·; Menzies Partners (South Africa) (Pty) Ltd
·; Sizani Ah Kee Holdings (Pty) Ltd
·; Rapitrade 644 (Pty) Ltd
Directorships within the last 5 years:
·; Eastern Cape Socio Economic Consultative Council (Association Inc Under Section 21)
·; Real Worx Seven (Pty) Ltd
·; Mirror Ball Investments 33 (Pty) Ltd
There are no further disclosures to be made in relation to Mr Sizani under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.