17th Dec 2019 15:59
(Alliance News) - Shefa Gems Ltd on Tuesday said it appointed Yosef Taub to its board with effect from December 2.
The company, which is focused on exploration and development of multi-gemstone projects, said Taub has been the chief executive of One Hundred & One Gold Holdings Ltd, the current management company of Shefa Gems, since 2017.
He is also the owner of Eight-O-Eight Global Corp, through which he holds a 5.7% shareholding in Shefa Gems and about 15% in Shefa Yamim Ltd, Shefa Gems' holding company registered in Israel.
"We are delighted to welcome Yosef Taub to our board. He has been an integral part of the company's management team and has managed the fundraising and investor relations alongside Avi Taub, our late CEO," explained Chair Michael Rosenberg.
Shefa Gems shares were trading 5.4% higher in London on Tuesday afternoon at 4.48 pence each.
By Evelina Grecenko; [email protected]
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