| Tue 27 Jul 2010, 8:00 | | JBL - Jubilee Platinum Plc - Board Changes and Director Appointment |
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JBL
JUJLP
JBL - Jubilee Platinum Plc - Board Changes and Director Appointment
JUBILEE PLATINUM PLC
(A company incorporated in England and Wales with Registration Number 4459850)
Share code on the JSE Limited: JBL
Share code on AIM: JLP ISIN: GB0031852162
("Jubilee")
BOARD CHANGES AND DIRECTOR APPOINTMENT
Jubilee wishes to announce the following board changes and new appointment:
Jubilee is pleased to announce that Colin Bird, currently Chief Executive
Officer ("CEO"), will assume the role of non-executive Chairman with effect from
1 August 2010, relinguishing his duties as CEO. Malcolm Burne is stepping down
as non-executive Chairman, due to other commitments.
Leon Coetzer will assume the role of CEO with effect from 1 August 2010,
relinquishing his position as MD Smelting and Refining
The Company is pleased to announce that Eduard Victor, a newly appointed
director, will take on the role of Finance Director with effect from 1 August
2010. Andrew Sarosi will relinquish his duties as Finance Director and will
continue as Executive Director from the same date.
Malcolm Burne commented, "These changes and appointment are appropriate for the
rapidly developing nature and operations of the Company. I welcome Leon Coetzer
in his new role as CEO and wholeheartedly support Colin Bird as my replacement".
Colin Bird commented, "Following the Company`s successful acquisition of
Braemore Resources and the focus on commercialization of ConRoast technology, it
is appropriate and timely that I step down as CEO. The appointment of Leon
Coetzer, who is spearheading the ConRoast programme, is integral to Company
succession planning. He brings to the Company top-drawer technical expertise and
experience of the platinum industry. I look forward to supporting him fully in
the commercial development of ConRoast. As chairman I will continue to take an
active role in the Company`s diverse activities."
The board wishes to thank Malcolm Burne for his services and guidance in the
development of Jubilee from a fledgling junior to a maturing operational entity.
Mr Burne and his associates intend to retain their shareholding in the Company
and fully support management as it develops its exciting growth strategy.
The board is pleased to welcome Eduard Victor as Finance Director. Since
Jubilee`s take over of Braemore, Eduard has efficiently facilitated the seamless
integration of Braemore`s financial affairs with that of the Company. He brings
to the board, and Jubilee, extensive company and corporate financial experience
as well as mining experience, having served for a period as acting mine manager
of a gold mine.
Eduard Victor (43), accountant and graduate B Com in Accounting Science, is
currently corporate development executive for Jubilee. After serving articles
with Malan & Du Preez and six years accounting experience he became financial
manager of Harmony Gold Mine (2000 to 2006), including a period as acting mine
manager with their Evander gold mine. From 2006 to 2009 he was executive
business manager with Pan African Resources plc.
There is no further disclosure relating to Eduard`s appointment required under
paragraph (g) of Schedule 2 of the AIM Rules for Companies or in terms of
paragraph 3.59 of the JSE Limited Listings Requirements.
For further information please contact:
Colin Bird
Jubilee Platinum plc
Tel +44 (0) 20 7584 2155
+27 (0) 11 253 3280
Leon Coetzer
Jubilee Platinum plc
Tel +27 83 455 7749
Andrew Sarosi
Jubilee Platinum plc
Tel +44 (0) 1752 221937
Sharon Owens/Leonard Eiser
Sasfin Capital
Tel +27 (0) 11 809 7500
Michael Kinirons/Nick Rome
Bishopsgate Communications Ltd
Tel +44 (0) 20 7562 3350
Ed Frisby/Rose Herbert
finnCap Ltd
Tel +44 (0) 20 7600 1658
Date: 27/07/2010 08:00:05 Produced by the JSE SENS Department.
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