5th May 2006 07:00
Lonrho Africa PLC05 May 2006 LONRHO AFRICA PLC ("Lonrho Africa" or "the Company") DIRECTORATE CHANGES Lonrho Africa is pleased to announce the appointment of Martin Horgan as aNon-Executive Director to the Lonrho Africa Board with effect from the end ofMay 2006. This appointment follows Richard Wilkinson's decision to step down asa Non-Executive Director as of 3 May 2006 after 7 years with the Company. "I would like to take this opportunity to thank Richard for his dedication toLonrho Africa over the years. He was instrumental in changing the fortunes ofthe Company and allowing us to begin the process of re-establishing the LonrhoAfrica name. We wish him all the best for the future", said David Lenigas,Lonrho Africa's Chief Executive and Chairman. Mr. Horgan, 32, has more than 10 years experience in the mining sector and mostrecently was an Associate Director at Barclays Capital where he worked on theMining & Metals Team of the Investment Banking Division. Prior to this Mr.Horgan was a Mining Engineer at Steffen, Robertson & Kirsten where he carriedout a wide range of projects across the globe. After graduating Mr. Horgan beganhis mining career working across a range of pan-African operations and projectsas a Mining Engineer with Gold Fields of South Africa. Mr. Horgan holds aBachelor of Engineering Honours Degree from the University of Leeds. Welcoming the appointment David Lenigas, Lonrho Africa's Chief Executive andChairman, said: "I am pleased that Martin Horgan has agreed to join the Board ofLonrho Africa. I believe that Lonrho Africa will benefit greatly from hisextensive knowledge of the mining sector and the raising of finance. Hisconsiderable experience will prove invaluable to the implementation of theCompany's growth strategy." Martin Horgan has not held any directorships in a listed company or partnershipsin the past five years. There are no further details in relation to the aboveappointment which require disclosure under paragraph (g) (iii) to (viii) ofSchedule 2 to the AIM Rules. -Ends- For further information, please contact: Lonrho Africa Plc David Lenigas, Chief Executive +44 (0)7881 825 378 Emma Priestley, Executive Director +44 (0)7867 785 177 Strand Partners Limited +44 (0)20 7409 3494 Simon Raggett +44 (0)7769 883 666 Cardew Group +44 (0)20 7930 0777 Nadja Vetter +44 (0)7941 340 436 Eden Mendel +44 (0)7887 676 603 Emma Consett +44 (0)7971 468 308 Notes to editors Lonrho Africa is in the process of re-establishing a significant presence on theAfrican continent. The new investment and acquisition strategy, which wasadopted following the appointment of David Lenigas as Chief Executive inDecember 2005, will focus on the natural resources, infrastructure and leisuresectors. Lonrho Africa's executive team has considerable experience across theseindustries in a wide range of countries. Recently, the Company announced itsfirst investment in Brinkley Mining Plc, which has important uranium andmolybdenum prospects in the Karoo region of South Africa. Lonrho Africa believesthat this investment is illustrative of the exciting opportunities available inAfrica. Lonrho Africa also announced the acquisition of a substantial directinterest in South African diamond producer Nare Diamonds Limited ("Nare").Lonrho Africa's Chief Executive Mr David Lenigas will become non-ExecutiveChairman of Nare. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Lonrho