Posting of circular and notice of EGM
12 May 2015
Mwana Africa PLC ("Mwana" or the "Company"), the pan-African, multi-commodity resources company focused on the production, development and exploration of gold, nickel, copper and diamonds projects, announces the posting later today of a Circular to Shareholders (the "Circular") and notice of an Extraordinary General Meeting ("EGM") scheduled for 9.00 a.m. on 9 June 2015 at Broadway House, Tothill Street, London, SW1H 9NQ.
Following the request from Ian Dearing and a small group of private shareholders (the "Requisitioners") to convene an EGM of the Company's shareholders ("Shareholders") seeking to approve a number of new Non-Executive Directors and changes to the Board of Directors of the Company, the Company will today issue a Circular which contains full details of why the Board (excluding Mr Ning and Mr Hu who, on account of the ongoing Petition, have chosen not to participate in the Directors' recommendation) strongly believes that the Resolutions are NOT in the best interests of the Company and Shareholders and why the Board recommends that Shareholders VOTE AGAINST ALL the Requisitioners' proposed resolutions.
As stated in the Circular, Mr Stuart Morris, Interim Non-Executive Chairman, and Mr Johan Botha, Non-Executive Director have indicated to the Board their intention to retire from the Board of Directors of the Company at or before the EGM ideally in circumstances where appropriate succession arrangements for their roles on the Board and which respect the Relationship Agreement are likely to be put in place.
Copies of the Circular, Notice of EGM and proxy voting forms will be available shortly to download from the Company's website.
For further information contact:
Mwana Africa PLC
Kalaa Mpinga, CEO
Caroline Mathonsi, Investor Relations
Tel: + 44 (0) 203 696 5470
Nominated Adviser and Broker
Peel Hunt LLP
Matthew Armitt / Ross Allister
Tel: +44 (0) 20 7418 8900
Public Relations
Tavistock (UK)
Ed Portman / Jos Simson / Mike Bartlett
Tel: +44 (0) 207 920 3150
Russell and Associates (South Africa)
Jim Jones / Leigh King
Tel: +27 (0) 11 880 3924
Mwana Africa PLC is a pan-African, multi-commodity mining and development company. Mwana's principal operations and exploration activities cover gold, nickel, copper and diamonds in Zimbabwe, the Democratic Republic of Congo (DRC) and South Africa.