United Cacao Limited SEZC Replacement: Directorate Change (0776N)
October 20 2016 - 6:52AM
UK Regulatory
TIDMCHOC TIDMUCL
RNS Number : 0776N
United Cacao Limited SEZC
20 October 2016
CORRECTION OF RNS NUMBER: 0631N
Please note that RNS 0631N incorrectly stated that Dennis Melka
was Executive Chairman and CEO of the Company. Dennis Melka is
Group Managing Director. This has been corrected and all other
details remain the same.
20 October 2016
United Cacao Limited SEZC
("United Cacao" or the "Company")
Directorate Change
United Cacao Limited SEZC (AIM: CHOC), the AIM-quoted cacao
plantation company based in Peru, is pleased to announce that Mr.
Tim O'Neill has joined as an independent non-executive
director.
Mr. O'Neill has extensive experience across the financial
services and agricultural industries including roles at SPP Hambro
& Company, Prudential Securities Incorporated, and AgriNexus
Capital LLC, as well as significant experience in the Peruvian
market through his role at Austral Group SAA. His appointment to
the Board is effective immediately.
Constantine Gonticas, Chairman, commented:
"This appointment represents the latest step in strengthening
United Cacao's board as the Company makes the transition towards
revenue generation. Tim's experience in advising agricultural
businesses will provide an excellent source of knowledge for the
Company and his expertise in the Peruvian market will be incredibly
helpful for our next chapter as a commercial producer."
Tim O'Neill commented:
"I am very excited to be joining United Cacao. The Company has a
compelling proposition within an industry which looks set for
strong growth in the coming years as demand for cacao has steadily
risen, while traditional supply centres are in decline. I am also
impressed by the company's commitment to support the local
community through a variety of initiatives, including most
importantly, the creation of significant economic opportunity
through Programa Alianza Producción Estratégica Cacao
("PAPEC")."
The following information is disclosed pursuant to schedule 2
(g) of the AIM Rules
Mr Tim O'Neill, aged 49, is or has been a director of the
following companies during the previous five years:
Current Directorships Previous Directorships
Texbel Farms Investments Cold Spring Harbour
LLC Laboratory Association
Siguler Guff Small Buyout
Opportunities Fund II(T),
LP
Siguler Guff Small Buyout
Opportunities Fund (T), LP
Oasis Luxury Rentals Incorporated
CSP II Distressed Opportunities
Trust
There is no further information to be disclosed pursuant to
paragraph 2(g) of Schedule 2 of the AIM Rules.
For more information please visit www.unitedcacao.com or
contact:
+1 345 815
United Cacao Limited SEZC 2710
Dennis Melka
Anthony Kozuch
Strand Hanson (Financial & Nominated +44 (0) 20
Adviser) 7409 3494
James Harris / James Spinney
/ Ritchie Balmer
+44 (0) 20
Beaufort Securities (Joint Broker) 7382 8300
Jon Belliss / Elliot Hance
Kallpa Securities SAB (Joint
Broker) +51 1 630 7500
Ricardo Carrion
+44 (0) 20
Tavistock (PR Adviser) 7920 3150
Niall Walsh /Jos Simson/Simon
Hudson
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
This information is provided by RNS
The company news service from the London Stock Exchange
END
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