Gem Diamonds Limited Board Changes (5719Y)
December 07 2017 - 2:00AM
UK Regulatory
TIDMGEMD
RNS Number : 5719Y
Gem Diamonds Limited
07 December 2017
7 December 2017
GEM DIAMONDS LIMITED
("Gem Diamonds" or the "Company")
Board changes
On 31 October 2017 Gem Diamonds (LSE: GEMD) announced that Gavin
Beevers would not seek re-election as a Non-Executive Director next
year after having served on the Board for almost 11 years and that
a replacement would be announced shortly.
Today the Company is pleased to announce that Mike Brown is to
replace Gavin who in turn will resign from the Board with effect
from 31 December 2017. Mike Brown will join the Board as an
independent Non-Executive Director with effect from 1 January
2018.
Mr Brown is currently a Non-Executive Director of Nevada Copper
(TSX:NCU) (appointed on 2 December 2013), an Advisor to Pala
Investments, a Managing Partner for Palaris in Africa, and has
opened his own mining advisory company. He has over 35 years'
experience in the resources industry in operational, senior
management, and director roles. Mr Brown spent 6 years in
Switzerland as the Managing Director Technical at Pala where he
oversaw all technical aspects of the investments, including the
risks associated with resource performance, project management,
ramp up, operations, and the associated working capital and
financial controls.
Prior to joining Pala he spent 21 years with De Beers in
Southern Africa in various roles culminating in the post of Chief
Operating Officer where he was accountable for five operating
mines, including greenfield and brownfield growth projects.
Mr Brown was also a Non-Executive Director of Sierra Rutile
(AIM: SRX) (14 October 2010 to October 2015) and of Asian Mineral
Resources (TSX:ASN) (18 April 2012 to 6 March 2017). He also
managed the restructuring at De Beers in 2005/2006 and again in
2009. He has overseen growth projects and building of mines in
Namibia, South Africa, Sierra Leone, Vietnam and USA.
No other information in connection with Mr Brown's appointment
is required to be disclosed pursuant to LR 9.6.13R
Chairman Harry Kenyon-Slaney commented:
"I am very pleased that Mike Brown has agreed to join our Board.
He will bring wide, deep and very relevant experience to our
deliberations and I much look forward to working closely with him
in the years ahead.
"It is of course with great sadness that we also say goodbye to
Gavin Beevers who has resigned from the Board to facilitate this
transition. Gavin has provided tremendous support to both the Board
and the wider management team over many years and I would like to
thank him for his long service and wish him every success for the
future."
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014.
This announcement has been released by Gem Diamonds Investor
Relations.
The Gem Diamonds Limited LEI number is 213800RC2PGGMZQG8L67.
For further information:
Gem Diamonds
Susan Wallace, Company Secretarial department
ir@gemdiamonds.com
Celicourt Communications
Mark Antelme/Jimmy Lea
Tel: +44 (0) 207 520 9261
About Gem Diamonds:
Gem Diamonds is a leading global diamond producer of high value
diamonds. The Company owns 70% of the Letšeng mine in Lesotho and
100% of the Ghaghoo mine in Botswana. The Letšeng mine is famous
for the production of large, top colour, exceptional white
diamonds, making it the highest dollar per carat kimberlite diamond
mine in the world. The Ghaghoo mine in Botswana has been placed on
care and maintenance.
www.gemdiamonds.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOAFSIFEMFWSESE
(END) Dow Jones Newswires
December 07, 2017 02:00 ET (07:00 GMT)
Gem Diamonds (LSE:GEMD)
Historical Stock Chart
From Mar 2024 to Apr 2024
Gem Diamonds (LSE:GEMD)
Historical Stock Chart
From Apr 2023 to Apr 2024