9 Sep 2013 07:00
Strategic Natural Resources Plc
("SNR" or the "Company")
Changes in subsidiary directors
SNR, the AIM listed natural resources developer operating in South Africa, announces that David Nel has resigned as the CEO and a director of Elitheni Coal (Pty) Ltd ("Elitheni"), the Company's 74% owned subsidiary. An announcement on the appointment of a new CEO of Elitheni will be made in due course.
SNR has appointed Andy Brennan (SNR's Chairman) as one of its representatives (alongside Gabriel Ruhan) to the board of Elitheni. This appointment will strengthen SNR's ability to positively influence operational matters in Elitheni.
In addition Rapitrade 644 (Pty) Ltd, a 20% shareholder of Elitheni, had nominated Ms Thembela Toko to replace Ms Nofumdu Twala as one of it's representative on the Elitheni board.
For further information, please contact:
Strategic Natural Resources plc |
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Andy Brennan, Chairman Gabriel Ruhan, CEO | +44 (0)20 3328 5656 |
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Allenby Capital Limited - Nominated Adviser and Broker |
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Nick Naylor/Mark Connelly/James Reeve | +44 (0) 20 3328 5656 |
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FTI Consulting | |
Ben Brewerton/Georgia Mann | +44 (0) 20 7831 3113 |
For further information about Strategic Natural Resources plc please visit www.snrplc.co.uk