Wrap Text
Board Changes
African Eagle Resources plc
Incorporated in England and Wales
(Registration number 3912362)
(AIM share code: AFE AIM ISIN: GB0003394813)
(JSE share code: AEA JSE ISIN: GB0003394813)
(“African Eagle” or the “Company”)
Board Changes
The Directors of African Eagle announce the following changes to the board of the Company (the
“Board”) which took place today.
Following completion of the disposal of substantially all of the Company’s subsidiaries, assets and
liabilities in respect of its Tanzanian operations, and the adoption by the Company of its investing
policy as an investing company under the AIM Rules, Dr Chris Pointon, Mr Donald Newport and
Ambassador Paul Rupia have resigned as Non-Executive Directors with immediate effect and Mr
Venkat Siva, Mr Paul Colucci and Mr Mark Thompson have been appointed as Non-Executive
Directors, also with immediate effect.
Mr Venkat Siva has over 6 years’ experience in finance as an investor and fund manager, and has
managed McIntyre Partners' portfolio since 2009. At McIntyre Partners, he led the due-diligence, deal
execution and investment management efforts across several transactions in the energy, bulk
commodities and infrastructure sectors. Prior to this, Venkat worked as a corporate finance banker
within Goldman Sachs' M&A franchise. During his tenure at Goldman, he advised some of the UK's
leading blue-chip and mid-cap companies, including Cadbury's, Tesco's, and the BBC, amongst
others, on issues relating to M&A, fundraising, restructuring and strategy. Venkat previously worked
for Motorola in Singapore, and holds an MBA from the Indian Institute of Management.
Mr Paul Colucci is an investment banker with over 15 years’ experience in M&A and corporate finance
in the natural resources sector. Paul is currently Executive Vice President and Head of Dundee
Securities European office based in London as well as CEO of Dundee Arabia-Asia based in Dubai,
UAE. Before launching Dundee’s initiatives in London in 2011, Paul spent the previous six years
heading the European businesses of Stifel Nicolaus and its predecessors, Thomas Weisel Partners
Group and Westwind Partners. Prior to moving to London in 2006, Paul worked as an investment
banker in Canada (Toronto and Calgary), where he began his career in CIBC’s Energy Investment
Banking group. Paul holds a Bachelor of Commerce Degree from the University of Calgary, Canada
and is a CFA Charterholder.
Mr Mark Thompson is the former Chief Investment Officer and co-founder of Galena Asset
Management Ltd, the fund management arm of Trafigura Beheer b.v., and latterly a partner at Apollo
Management, one of the world’s largest alternative asset managers. Mark has managed in excess of
$750m, across four separate funds, all of which were focused on natural resources. Mark has
extensive experience in raising capital for natural resource companies, portfolio management,
commodity derivatives trading and personal investment in the natural resources sector. He is
executive Chairman of Treliver Minerals Ltd and a non-executive Director of TSX.V listed Eurotin Inc,
as well as holding a number of directorships in private companies engaged in mineral exploration.
Mark holds an M.A. from Oxford University, having completed his undergraduate degree in Physics.
The following information is disclosed pursuant to Schedule Two part (g) of the AIM Rules for
Companies. There is no further information to be disclosed.
Venkatraghavan Sivaramakrishnan (aged 31)
Current Directorships Past Directorships (past 5 years)
Rift Petroleum UK Limited
Western Frontier Limited
Paul Joseph Colucci (aged 39)
Current Directorships Past Directorships (past 5 years)
Dundee Securities Europe LLP Stifel Nicolaus Europe Limited
Dundee European Holdings Limited Thomas Weisel Partners (UK) Limited
Mark Edward Thompson (aged 41)
Current Directorships Past Directorships (past 5 years)
Treliver Minerals Ltd Pall Mall Resources Ltd
Stannum Resources Ltd Galena Asset Management Limited
MET Trading Ltd Apollo Management International LLP
Eurotin Inc (Partner)
Margaret Lake Diamonds Ltd Western United Mines Limited
Cornish Minerals Limited
Ingenious Film Partners 2 LLP (Partner)
For further information, please visit www.africaneagle.co.uk or contact:
African Eagle Resources plc
Robert McLearon, Managing Director
+44 20 7248 6059
Strand Hanson Limited (NOMAD)
Stuart Faulkner
Angela Hallett
James Dance
+ 44 20 7409 3494
Ocean Equities Limited (Broker)
Guy Wilkes
+44 20 7786 4370
JSE Sponsor
Merchantec Capital
14 August 2013
About African Eagle
African Eagle Resources plc is listed on the AIM Market of the London Stock Exchange (AFE) and
Johannesburg AltX (AEA) stock exchanges.
Date: 14/08/2013 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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