TIDMCEY
RNS Number : 1497Z
Centamin PLC
10 January 2024
10 January 2024
Centamin plc
("Centamin" or "the Company")
LSE: CEY / TSX: CEE
Appointment of Non-Executive directors
Centamin is pleased to announce the appointment of Ms Hoda
Mansour and Ms lman Naguib to the Board as Independent
Non-Executive Directors, with immediate effect. As part of ongoing
Board succession, Dr Ibrahim Fawzy has indicated that he does not
intend to stand for re-election as a non-executive director at the
Company's upcoming annual general meeting in 2024.
JIM RUTHERFORD, C hair of the Board, commented: "It is with
great pleasure that I welcome Hoda and Iman as members of the
Centamin Board. Hoda brings a wealth of experience to the Board and
her extensive knowledge of the region will be of great value to
Centamin. Iman, equally, brings extensive experience across all
aspects of corporate finance, asset management and M&A within
both emerging and developed markets, and will be a true asset to
the Company as we move into our next phase of growth.
I would like to extend my personal thanks to Dr Fawzy for the
invaluable contribution that he has made to Centamin as a Board
member during his tenure. We have benefited significantly from his
wise counsel and his extensive experience across both the public
and private sector. We wish him all the very best with his ongoing
academic work in Egypt."
HODA MANSOUR
Effective immediately
Hoda has 25 years of experience working in leading multinational
software and technology companies including Oracle, Microsoft,
Acision, SAP and most recently IFS.
During 2023, Hoda joined IFS, a global cloud-based enterprise
software and solutions company, as COO for Asia Pacific, Japan,
Middle East, and Africa. For the previous 10 years, Hoda worked at
SAP, the market leader in enterprise application software, where
she held several country head and leadership roles before becoming
the Senior Vice President and Head of Business Process
Transformation for the Southern Europe and Middle East and Africa
regions in 2021.
Since 2021, Hoda has served as a Board Director at the American
Chamber of Commerce in Egypt and between 2020 and 2022 was Vice
President of the German-Arab Chamber of Industry and Commerce.
Hoda currently serves as a non-executive director on the Board
of the Commercial International Bank (CIB), the leading private
sector bank in Egypt.
Upon appointment Hoda will become a member of the Sustainability
Committee.
Hoda Mansour, commented: "I am very much looking forward to
joining the Centamin Board and working with the management team. I
am excited to be joining a Company that is not only helping to
build a key growth industry within Egypt, but is generating
multiple benefits for its people, whether that is through direct
employment, the promotion of women or the development of
sustainable practices."
Iman Naguib
Effective immediately
Iman has over 20 years of expertise in finance and investment
management, across the mining, telecoms and financial services
sectors, within both emerging and developed markets. She brings to
Centamin extensive experience in corporate finance and
restructuring, investment and asset management, liquidity
management and mergers and acquisitions.
Iman is a partner at Karnak Capital, an investment management
vehicle she founded in 2015. Prior to that, between 2012 and 2015,
Iman was Group Chief Financial Officer at La Mancha Resources, a
gold mining company with operating mines, and exploration and
development projects across Africa, Australia and Argentina.
Before joining La Mancha, Iman was Co-Founder and Director of
Accelero Capital, an investment management group focused on
telecommunications. She also served as Corporate Finance Director
at Orascom Telecom Holding and Weather Investments, an
international telecoms group operating networks in Europe, Middle
East, Africa and Asia.
Upon appointment Iman will become a member of the Audit and Risk
Committee.
Iman Naguib, commented : "I am delighted to be joining Centamin
at this stage in the Company's growth journey. The Company has
built a reputation in the region for being a leader in the sector
through its development of the Sukari asset into a world-class
mine, and I am really looking forward to working with the Board and
management team to further build on this strong platform in the
years ahead."
There are no further details that are required to be disclosed
in respect of the appointments under LR9.6.13 of the UK FCA Listing
Rules. This announcement contains additional regulated
information.
About Centamin
Centamin is an established gold producer, with premium listings
on the London Stock Exchange and Toronto Stock Exchange. The
Company's flagship asset is the Sukari Gold Mine ("Sukari"),
Egypt's largest and first modern gold mine, as well as one of the
world's largest producing mines. Since production began in 2009
Sukari has produced over 5 million ounces of gold, and today has a
projected mine life to 2035.
Through its large portfolio of exploration assets in Egypt and
West Africa, Centamin is advancing an active pipeline of future
growth prospects, including the Doropo project in Côte d'Ivoire,
and over 3,000km(2) of highly prospective exploration ground in
Egypt's Arabian Nubian Shield.
Centamin practices responsible mining activities, recognising
its responsibility to deliver operational and financial performance
and create lasting mutual benefit for all stakeholders through good
corporate citizenship.
FOR MORE INFORMATION please visit the website www.centamin.com
or contact:
Centamin plc FTI Consulting
Alexandra Barter-Carse, Head of Corporate Ben Brewerton / Sara Powell
Communications / Nick Hennis
investor@centaminplc.com +442037271000
centamin@fticonsulting.com
Forward-looking Statements
This announcement (including information incorporated by
reference) contains "forward-looking statements" and
"forward-looking information" under applicable securities laws
(collectively, "forward-looking statements"), including statements
with respect to future financial or operating performance. Such
statements include "future-oriented financial information" or
"financial outlook" with respect to prospective financial
performance, financial position, EBITDA, cash flows and other
financial metrics that are based on assumptions about future
economic conditions and courses of action. Generally, these
forward-looking statements can be identified by the use of
forward-looking terminology such as "believes", "expects",
"expected", "budgeted", "forecasts" and "anticipates" and include
production outlook, operating schedules, production profiles,
expansion and expansion plans, efficiency gains, production and
cost guidance, capital expenditure outlook, exploration spend and
other mine plans. Although Centamin believes that the expectations
reflected in such forward-looking statements are reasonable,
Centamin can give no assurance that such expectations will prove to
be correct. Forward-looking statements are prospective in nature
and are not based on historical facts, but rather on current
expectations and projections of the management of Centamin about
future events and are therefore subject to known and unknown risks
and uncertainties which could cause actual results to differ
materially from the future results expressed or implied by the
forward-looking statements. In addition, there are a number of
factors that could cause actual results, performance, achievements
or developments to differ materially from those expressed or
implied by such forward-looking statements; the risks and
uncertainties associated with direct or indirect impacts of
COVID-19 or other pandemic, general business, economic,
competitive, political and social uncertainties; the results of
exploration activities and feasibility studies; assumptions in
economic evaluations which prove to be inaccurate; currency
fluctuations; changes in project parameters; future prices of gold
and other metals; possible variations of ore grade or recovery
rates; accidents, labour disputes and other risks of the mining
industry; climatic conditions; political instability; decisions and
regulatory changes enacted by governmental authorities; delays in
obtaining approvals or financing or completing development or
construction activities; and discovery of archaeological ruins.
Financial outlook and future-ordinated financial information
contained in this news release is based on assumptions about future
events, including economic conditions and proposed courses of
action, based on management's assessment of the relevant
information currently available. Readers are cautioned that any
such financial outlook or future-ordinated financial information
contained or referenced herein may not be appropriate and should
not be used for purposes other than those for which it is disclosed
herein. The Company and its management believe that the prospective
financial information has been prepared on a reasonable basis,
reflecting management's best estimates and judgments at the date
hereof, and represent, to the best of management's knowledge and
opinion, the Company's expected course of action. However, because
this information is highly subjective, it should not be relied on
as necessarily indicative of future results. There can be no
assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such information or
statements, particularly in light of the current economic climate
and the significant volatility, the risks and uncertainties
associated with the direct and indirect impacts of COVID-19.
Forward-looking statements contained herein are made as of the date
of this announcement and the Company disclaims any obligation to
update any forward-looking statement, whether as a result of new
information, future events or results or otherwise.
Accordingly, readers should not place undue reliance on
forward-looking statements.
LEI: 213800PDI9G7OUKLPV84
Company No: 109180
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END
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