TIDMSEFA

RNS Number : 5814A

Shefa Gems Ltd

22 January 2020

22 January 2020

Shefa Gems Ltd.

("Shefa Gems" or the "Company")

Appointment of new Chief Executive Officer, appointment of Corporate Development Executive Officer and creation of Executive Committee

Shefa Gems (LSE: SEFA), a company focused on advanced exploration and development of multi-gemstone projects in Northern Israel, is pleased to announce the appointment of Mrs Vered Toledo as Chief Executive Officer (CEO) of the Company with immediate effect. The following changes have also occurred with immediate effect: Mr Yosef (Yossi) Itzhak Taub has been appointed as Corporate Development Executive Director and the Board of Directors has created a new Executive Committee.

Vered has worked with the late Avi Taub on the development of the Company's exploration project in the Kishon Mid-Reach region, Northern Israel, since its very beginning some 21 years ago. Vered was previously Shefa Gems' Chief Operations Officer (COO).

Yosef is the son of the late Avi Taub and was appointed to the Board of Directors on 17 December 2019.

The Board of Directors has appointed an Executive Committee to deal with the day-to-day management of the Company's affairs. The initial members are Michael Rosenberg, OBE, (Chairman), James Campbell (Non-Executive Director), Vered Toledo (CEO), Yosef Itzhak Taub (Corporate Development Executive Director) and David Ben David (CFO).

Chairman of the Board Michael Rosenberg, OBE, said "We are delighted to formally appoint Vered as the CEO of Shefa Gems. Having been involved in the business from its inception, her wealth of experience will benefit the Company immensely. Yossi has also played an active part in the Development of the business working closely for many years alongside his father, the late Avi Taub"

- Ends -

Enquiries

 
 Shefa Gems Ltd 
 Michael Rosenberg, OBE - Chairman 
  www.shefagems.com                    +44 20 7938 4026 
                                      ----------------------- 
 
 VSA Capital Limited - Financial 
  Adviser 
                                      ----------------------- 
 Andrew Raca                           +44 20 3005 5000 
                                      ----------------------- 
 
 SI Capital Limited - Broker 
                                      ----------------------- 
                                       +44 20 3871 4038 / +44 
 Nick Emerson and Jon Levinson          1483 413500 
                                      ----------------------- 
 
 Luther Pendragon 
                                      ----------------------- 
 Harry Chathli, Alexis Gore, Rachel 
  So                                   +44 20 7618 9100 
                                      -----------------------

Notes to Editors

About Shefa Gems Ltd

Shefa Gems Ltd (LSE: SEFA) is a multi-commodity explorer of precious stones operating in Northern Israel. Exploration activity is managed by professionally skilled and technically competent personnel and is accompanied by an international team of geological experts with decades of proven experience in their fields.

All exploration activities are conducted under international standards and the internationally recognised SAMREC 2016 Code. Furthermore, its four (4) permits, granted to it by the Commissioner of Mines at the Ministry of Energy, Natural Resources Administration, Israel, extend over an area of approximately 600,000 Dunam (60,000 hectares) that includes the Kishon River, the volcanic bodies on Mount Carmel, the Zevulun and Yizre'el valleys and their margins - Menashe Hills, Tivon-Alonim Hills, and Nazareth range. The Company upholds environmental values and protects the nature in the areas where it operates, cooperating fully with all authorities.

Alongside its exploration activities, the Company is building on the launch of the "Heaven on Earth" jewellery collection and developing the Company's "Mine to Market" strategy to promote unique jewellery collections utilising Shefa Gems' suite of precious gemstones.

The exclusive "Heaven on Earth" collection is now available to view online on the website of the designer Yossi Harari at: https://www.yossiharari.com/collections/heaven-on-earth-1

For further information please visit the website at www.shefagems.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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January 22, 2020 05:06 ET (10:06 GMT)

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