United Cacao Limited SEZC Directorate Change (2261J)
September 07 2016 - 10:00AM
UK Regulatory
TIDMCHOC TIDMUCL
RNS Number : 2261J
United Cacao Limited SEZC
07 September 2016
7 September 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
Graeme Iain Brown has joined as a non-executive director replacing
Mr Roberto Tello who is stepping down from the Board with immediate
effect.
Mr Brown has extensive experience in the plantation industry
having founded and run several large-scale agricultural
enterprises.
Dennis Melka, Chairman and Chief Executive Officer,
commented:
"Mr Brown strengthens the board as a director through his more
than 20 years of operational experience and extensive strategic
relationships across the plantation sector in Southeast Asia. The
cacao market is fundamentally being driven by rising Asian demand
and some of the world's largest agricultural enterprises are based
in Southeast Asia. Furthermore, Mr Brown complements the board's
strengths and positions the business well for the future.
"The Board would like to thank Roberto for his significant
contribution to United Cacao before and since the company listed on
AIM. The Board and Roberto recognise the need for a different
skillset, as the company begins to make the transition to a
producing cacao business.
"It is our intention to continue to strengthen the Board of
Directors over the coming months and we look forward to updating
shareholders in due course."
Graeme Iain Brown commented:
"United Cacao has accomplished unprecedented achievements in the
cacao sector since its admission to AIM and I am honoured to join
this rapidly growing company. Peru offers excellent conditions, in
particular freehold land, for plantation companies and a superb
growing environment. I expect the general plantation industry,
largely based in Southeast Asia, to take increased interest in this
region in the years ahead."
The following information is disclosed pursuant to schedule 2
(g) of the AIM Rules
Mr Graeme Iain Brown, aged 45, is or has been a director of the
following companies during the previous five years:
Current Directorships Previous Directorships
Alkaz Sdn Bhd Asian Forestry Company
Bintulu Hotel Group Sdn Bhd
Sdn Bhd Asian Plantations Limited
Borneo Plant Technology Asian Plantation (Sarawak)
Sdn Bhd Sdn Bhd
K2 Hotel Sdn Bhd Asian Plantation (Sarawak)
Keresa Sdn Bhd II Sdn Bhd
Keresa Mill Sdn Bhd Asian Plantation (Sarawak)
Keresa Plantations Sdn III Sdn Bhd
Bhd BJ Corporation Sdn Bhd
Malesiana Tropicals Fortune Plantation Sdn
Sdn Bhd Bhd
Pascali Sdn Bhd Grand Performance Sdn
Premier Space Sdn Bhd Bhd
Pro-Formula Sdn Bhd Incosetia Sdn Bhd
Rajang Wood Sdn Bhd Jubilant Paradise Sdn
Sarawakiana Leisure Bhd
Sdn Bhd Kronos Plantation Snd
Sarawakiana Management Bhd
Sdn Bhd South Asian Farms Sdn
Sarawakiana Realty Sdn Bhd
Bhd
Straits Hospitality
Company Sdn Bhd
Tera Management Sdn
Bhd
Waddell Holding Ltd
Waddell Holdings Pte
Ltd
Waddell Holding Sdn
Bhd
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, Executive Chairman
& CEO
Anthony Kozuch, Executive Director
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
Ed Portman/Simon Hudson/Jos Simson
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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