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Kavango Resources - Board Change

RNS Number : 5964J
Kavango Resources PLC
23 December 2020
 

PRESS RELEASE

 

 23 December 2020

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

 

Board change

 

Kavango Resources plc (LSE:KAV) wishes to announce that Mr Douglas Wright has given notice that he will resign as chairman and non-executive director of the Company at the end of the year to concentrate on his other business interests.

Mr Wright joined the Company as Non-executive Chairman prior to its admission to the Official List in 2018 and helped guide the Company through the IPO process.

Michael Foster, Kavango's CEO, said: "We'd like to thank Douglas for the contribution he has made to the establishment and development of the Company since joining the board and taking on the responsibilities of Chairman in 2018. We wish him well for the future. We have already started the search for a new Chairman and in the meantime Mr Mike Moles, our other non-executive director, will act as Chairman. These are exciting times for Kavango and we are confident that we will be able to announce the appointment of a new Non-executive Chairman shortly."

Douglas Wright commented : "As I now depart the Company with my work completed to pursue other business opportunities, I wish the Company all the very best in 2021 and beyond."

For further information please contact:

 

Kavango Resources plc                                                                                     

Michael Foster

mfoster@kavangoresources.com

 

 

First Equity (Joint Broker)

+44 207 374 2212

Jason Robertson             

 

SI Capital Limited (Joint Broker)                                                                          

+44 1483 413500

Nick Emerson

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