DGAP-News
ICHOR Coal N.V.: Change to the Management Board
DGAP-News: ICHOR Coal N.V. / Key word(s): Change of Personnel
ICHOR Coal N.V.: Change to the Management Board
19.12.2014 / 11:00
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Change to the Management Board
- CFO Sebastian Giese will leave the management board as planned by the
end of the year
- German branch office will close by the end of the year
Rosebank/Berlin, 19 December 2014. Ichor Coal N.V., an international mining
company with a focus on thermal coal production in South Africa, announces
that its CFO Sebastian Giese will leave the management board by the end of
the year. Reinhardt van Wyk - Finance Manager - will take over his duties
at the start of 2015 on an interim basis. Simultaneously the IchorCoal
branch office in Berlin will be closed and the company will then be managed
exclusively from its headquarters in Rosebank by the management board
members − Nonkululeko Nyembezi-Heita (CEO) and Andries Engelbrecht (COO).
The incorporation in the Netherlands and the trading of the company's
shares and debt instruments on the German stock markets will remain
unchanged.
Sebastian Giese has been with IchorCoal since its incorporation in 2011.
The shareholders re-elected him for another year in 2013 to ensure the
smooth transfer of the IchorCoal headquarters from Berlin to Rosebank.
"With his wide experience of the company's activities in both coal
production and financing, Sebastian has made a significant contribution to
the growth of IchorCoal since its inception," says CEO Nonkululeko
Nyembezi-Heita. "We regret that he has decided to leave us and wish him all
the best for the future."
Reinhardt van Wyk will take over Sebastian Giese's duties with effect from
January 1st, 2015. He has had a successful career as a chartered accountant
and auditor and has been with the company since September 2014. Suitable
arrangements have been made to ensure a smooth transition.
The Management Board
About Ichor Coal N.V.
IchorCoal is an international mining company incorporated in the
Netherlands with a focus on thermal coal production exclusively in South
Africa. IchorCoal shares are traded on the German stock exchanges in
Frankfurt, Berlin and Hamburg and the market capitalisation as at 17th
December 2014 amounts to around EUR 315 million. With access to
approximately 2.77 billion metric tons of coal resources on 16 properties,
IchorCoal has a stated long-term ambition to increase its current
production of around 2.7 mt per annum to 15 mt per annum by 2019 through
both organic and acquisitive growth. IchorCoal and its subsidiaries have
strong existing relationships with Eskom and all other relevant authorities
and institutions in the South African market. IchorCoal also has enviable
access to experienced and capable management and operational teams and an
unwavering commitment to achieving best-in-class safety, health,
environmental and social development standards.
Contact:
Ichor Coal N.V.
30 Jellicoe Avenue,
Rosebank 2196
South Africa
+27 (11) 268 11 00
info@ichorcoal.com
www.ichorcoal.com
Thomas Luber
NewMark Finanzkommunikation
Zum Laurenburger Hof 76
60594 Frankfurt
Germany
+49 69 94418069
+49 171 8311216
thomas.luber@newmark.de
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19.12.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
307453 19.12.2014
- CFO Sebastian Giese will leave the management board as planned by the
end of the year
- German branch office will close by the end of the year
Rosebank/Berlin, 19 December 2014. Ichor Coal N.V., an international mining
company with a focus on thermal coal production in South Africa, announces
that its CFO Sebastian Giese will leave the management board by the end of
the year. Reinhardt van Wyk - Finance Manager - will take over his duties
at the start of 2015 on an interim basis. Simultaneously the IchorCoal
branch office in Berlin will be closed and the company will then be managed
exclusively from its headquarters in Rosebank by the management board
members − Nonkululeko Nyembezi-Heita (CEO) and Andries Engelbrecht (COO).
The incorporation in the Netherlands and the trading of the company's
shares and debt instruments on the German stock markets will remain
unchanged.
Sebastian Giese has been with IchorCoal since its incorporation in 2011.
The shareholders re-elected him for another year in 2013 to ensure the
smooth transfer of the IchorCoal headquarters from Berlin to Rosebank.
"With his wide experience of the company's activities in both coal
production and financing, Sebastian has made a significant contribution to
the growth of IchorCoal since its inception," says CEO Nonkululeko
Nyembezi-Heita. "We regret that he has decided to leave us and wish him all
the best for the future."
Reinhardt van Wyk will take over Sebastian Giese's duties with effect from
January 1st, 2015. He has had a successful career as a chartered accountant
and auditor and has been with the company since September 2014. Suitable
arrangements have been made to ensure a smooth transition.
The Management Board
About Ichor Coal N.V.
IchorCoal is an international mining company incorporated in the
Netherlands with a focus on thermal coal production exclusively in South
Africa. IchorCoal shares are traded on the German stock exchanges in
Frankfurt, Berlin and Hamburg and the market capitalisation as at 17th
December 2014 amounts to around EUR 315 million. With access to
approximately 2.77 billion metric tons of coal resources on 16 properties,
IchorCoal has a stated long-term ambition to increase its current
production of around 2.7 mt per annum to 15 mt per annum by 2019 through
both organic and acquisitive growth. IchorCoal and its subsidiaries have
strong existing relationships with Eskom and all other relevant authorities
and institutions in the South African market. IchorCoal also has enviable
access to experienced and capable management and operational teams and an
unwavering commitment to achieving best-in-class safety, health,
environmental and social development standards.
Contact:
Ichor Coal N.V.
30 Jellicoe Avenue,
Rosebank 2196
South Africa
+27 (11) 268 11 00
info@ichorcoal.com
www.ichorcoal.com
Thomas Luber
NewMark Finanzkommunikation
Zum Laurenburger Hof 76
60594 Frankfurt
Germany
+49 69 94418069
+49 171 8311216
thomas.luber@newmark.de
---------------------------------------------------------------------
19.12.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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307453 19.12.2014
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