KEFI Minerals appoints Adam Taylor as a Non-executive Director

KEFI Minerals plc (LON:KEFI), the gold exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, has announced the appointment of Adam Taylor as a Non-executive Director of the Company with immediate effect.

Mr Taylor is the founder, Chairman and former CEO of FirstWave Group BV, Africa’s leading vertically integrated aquaculture group, which he established in 2011.  He was previously Managing Director of Oakfield Holdings, an Africa focused investment company, and prior to that a Portfolio Manager at Liongate Capital Management, where he was responsible for commodity sector hedge fund investments.

Mr Taylor has been appointed to the KEFI Board following the recent investment in the Company by RAB Capital, an international investment company, which holds approximately 12% of the Company’s issued share capital.  As announced on 11 May 2020, RAB Capital is viewed as a long-term shareholder and has been granted a right to nominate a director to the Board of the Company for as long as RAB Capital’s interest remains at 10% or above.

Harry Anagnostaras-Adams, Executive Chairman of KEFI, commented: “We are delighted to welcome Adam to the KEFI Board.  As well as cementing our relationship with KEFI’s largest institutional shareholder, RAB Capital, Adam brings a wealth of hands-on business experience in Africa, coupled with significant international investment expertise, which will be invaluable to the Company as we progress our projects in Ethiopia and Saudi Arabia.”

The following information is disclosed pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies in relation to Adam Martin Taylor, aged 33:

Current DirectorshipsDirectorships held in the past 5 years
First Aqua DMCCAller Aqua Zambia Limited
Firstwave Group BVOakfield Sustainable Development Fund I SPC
Firstwave Group LimitedOakfield Holdings Limited
FirstWave Group SA (Pty) LtdYendelela Trading Limited
Liberi Foundation Zambia LimitedAfribikes Limited
Yalelo LimitedZoom Foods Limited
Yalelo (U) Limited 
Yalelo (K) Limited 

Adam Taylor holds no ordinary shares in the capital of the Company.

Save as disclosed above there are no additional disclosures to be made in accordance with Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies.

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KEFI Minerals Plc

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