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Armadale Capital plc

12/06/2019 | Press release | Distributed by Public on 12/06/2019 01:31

Appointment of Non-executive Director

Armadale Capital Plc ('Armadale' or 'the Company')

Appointment of Non-executive Director

Armadale Capital plc (LON:ACP), the AIM quoted investment company focused on natural resource projects in Africa, is pleased to announce that, further to the announcement of 26 November 2019, Mr. Gerrard (Ged) Hall has been appointed to the Board as a Non-executive Director with immediate effect.

Mr. Hall is a highly experienced finance professional, having previously worked at Barclays Wealth, UBS Investment Bank, JP Morgan and Morgan Stanley respectively.

Mr. Hall's currently acts as a senior consultant to SI Capital and has previously held similar roles at HSBC, Natixis and Barclays Wealth UK. He has also held senior finance roles at Saudi National Commercial Bank in Bahrain and holds an MBA from Edinburgh Business School.

Nick Johansen, Director of Armadale, said,'We are delighted to welcome Ged Hall to the Board at such an exciting time as we look to progress the Mahenge Liandu graphite project from exploration to production.

'It is a measure of our future growth plans that we're able to attract such high-quality people to Armadale. Ged brings with him a wealth of finance experience and is a great addition to our management team as we look to build on our momentum'

The information required by Schedule 2 Paragraph (g) of the AIM Rules for Companies in relation to the appointment of Gerrard Hall (aged 49) as Non-Executive Director is as follows:

Current Directorships

Past Directorships

FGH Lanhydrock td

Lanhydrock Financial Services Ltd

GVH Lanhydrock Ltd

HCH Lanhydrock Lyd

HCRFC Community Rugby Club

Woolmer Hill Sport Association

Strategic Business Analysis

ZAG Estates Ltd

Northwest Domestic Properties Ltd

Castillo Copper Ltd

Gerrard Hall and his wife Zara Alison Hall currently hold warrants over 453,749 ordinary shares in the Company at an exercise price of 2.2 pence. Gerrard Hall and his wife Zara Alison Hall also hold convertible loan notes ('CLN') in the Company to a value of £20,000 as clients of SI Capital Limited, joint broker to the Company.

**ENDS**

For further information, please visit the Company's website www.armadalecapitalplc.com, follow Armadale on Twitter @ArmadaleCapital or contact:

Enquiries:

Armadale Capital Plc

Tim Jones, Company Secretary

+44 20 7236 1177

Nomad and broker: finnCap Ltd

Christopher Raggett / Max Bullen-Smith

+44 20 7220 0500

Joint Broker: SVS Securities

Tom Curran / Ben Tadd

+44 20 3700 0093

Press Relations: St Brides Partners Ltd

Isabel de Salis / Juliet Earl

+44 20 7236 1177

Notes

Armadale Capital Plc is focused on investing in and developing a portfolio of investments, targeting the natural resources and/or infrastructure sectors in Africa. The Company, led by a team with operational experience and a strong track record in Africa, has a strategy of identifying high growth businesses where it can take an active role in their advancement. Its current key focus is the Mahenge Liandu graphite project in south-east Tanzania, located in a highly prospective region with a high-grade JORC compliant inferred mineral resource estimate of 51.1Mt @ 9.3% TGC. Marking the project one of the largest high-grade resources in Tanzania, and work to date has demonstrated Mahenge Liandu's potential as a commercially viable deposit with significant tonnage, high-grade coarse flake and near surface mineralisation (implying a low strip ratio) contained within one contiguous ore body.