Agriterra Ltd Board Changes (1323W)

TIDMAGTA

RNS Number : 1323W

Agriterra Ltd

22 April 2016

Agriterra Ltd / Ticker: AGTA / Index: AIM / Sector: Agriculture

22 April 2016

Agriterra Ltd ('Agriterra' or the 'Company')

Board Change

Agriterra, the AIM listed Africa focussed agricultural company, announces that Phil Edmonds has today stepped down as chairman of the Company.

The remaining executive directors have identified a suitable candidate to replace Mr Edmonds as non-executive chairperson and anticipate that this appointment will be formalised in the coming days upon completion of all regulatory approvals; an announcement on this appointment will therefore follow in due course.

Andrew Groves, CEO of the Company stated "Having worked with Phil for many years, I would like to take this opportunity to thank him for his commitment and support in our efforts to generate shareholder value in various projects across Africa. I wish him the very best for the future and I know that he will continue to be busy with his charitable activities in Zambia."

Mr Edmonds commented "Having recently reached the egregious pensionable age, my priorities are inevitably changing. I now want to devote more time towards charitable works generally and particularly in my home country of Zambia where I am involved in developing a provincial school for over 450 children. I do however remain fully convinced by the Agriterra vision and as a significant shareholder am fully supportive of the management team that we now have in place."

** ENDS **

For further information please visit www.agriterra-ltd.com or contact:

 
 Andrew Groves           Agriterra Ltd         Tel: +44 (0) 
                                               20 7408 9200 
 Daniel Cassiano-Silva   Agriterra Ltd         Tel: +44 (0) 
                                               20 7408 9200 
 David Foreman           Cantor Fitzgerald     Tel: +44 (0) 
                          Europe               20 7894 7000 
 Michael Reynolds        Cantor Fitzgerald     Tel: +44 (0) 
                          Europe               20 7894 7000 
 Susie Geliher           St Brides Partners    Tel: +44 (0) 
                          Ltd                  20 7236 1177

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 22, 2016 13:00 ET (17:00 GMT)

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