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Agriterra Limited announced on 20 June 2022 that CEO Rui Sant'ana Afonso resigned as an employee and board director, effective 31 July 2022. Hamish Rudland, a current Non-Executive Director and controller of the Company's largest shareholder, Magister Investments Limited, will assume the position of Interim CEO from 1 August 2022. He will be supported by senior management team members George Naude and Tafadzwa Shangwa.
| Date | 20 Jun 2022 |
| Time | 13:15:01 |
| Category | Board changes |
| ID | 5075P |
Agriterra Limited / Ticker: AGTA / Index: AIM / Sector: Agriculture
Agriterra Limited ('Agriterra' or the 'Company')
Board Changes
Agriterra Limited, the AIM listed African agricultural company, announces that its CEO, Rui Sant'ana Afonso, has tendered his resignation as an employee and board director, effective 31 July 2022. Hamish Rudland, a current Non-Executive Director and controller of the Company's largest shareholder, Magister Investments Limited, will assume the position of Interim CEO from 1 August 2022 until a suitable replacement full time CEO is identified. Hamish will have the ongoing support of a strong senior management team, including George Naude and Tafadzwa Shangwa, to assist in undertaking his duties. The Board thanks Mr Sant'ana Afonso for his contributions and wish him well in his new endeavours.
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European (Withdrawal) Act 2018, as amended. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
For further information please VISIT www.agriterra-ltd.com or contact:
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Agriterra Limited |
Strand Hanson Limited |
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(Nominated & Financial Adviser and Broker) |
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Caroline Havers |
Ritchie Balmer / James Spinney |
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Tel: +44 (0) 207 409 3494 |