8th Feb 2016 09:41
LONDON (Alliance News) - Anglo African Agriculture PLC on Monday named Neil Lindsey Herbert as its new chairman, succeeding Andrew Monk, who will remain on the board as a non-executive director.
Herbert has years of experience in the resources sector, the herbs and spices company said, with his career in the area going back to when he joined FTSE 100-listed Chilean copper miner Antofagasta PLC in 1998. Prior to that he had been with audit firm PricewaterhouseCoopers in Europe. Until May 2013, he was co-chairman and managing director of Polo Resources Ltd.
The new chairman owns a 6.3% stake in Anglo African Agriculture, held through an interest in 6.0 million shares. He holds also 1.8 million options, giving him the right to buy new shares at 1.0 pence per share, expiring in September 2022, along with 6.0 million warrants exercisable at 2.75p expiring on January 31, 2017.
Shares in Anglo African Agriculture were untraded at 0.560 pence on Monday morning.
By Samuel Agini; [email protected]; @samuelagini
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