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GEMFIELDS GROUP LIMITED – Appointment of Non-Executive Director - SENS - Moneyweb.co.za

Last updated Monday, October 11, 2021 06:00 ET , Source: NewsService

Appointment of Non-Executive Director

Gemfields Group Limited
Incorporated in Guernsey. Guernsey registration Number: 47656.
South African external company registration number 2009/012636/10
Share code on JSE:GML / AIM:GEM
ISIN: GG00BG0KTL52 | LEI: 21380017GAVXTCYS5R31
(‘Gemfields’ or the ‘Company’)

Appointment of Non-Executive Director


Gemfields is pleased to announce that Patrick Eugenio Sacco will join the Board as a non-
independent and non-executive Director with immediate effect.

Mr Sacco has extensive management experience in the mining and mineral marketing sector with
specific expertise in iron ore, manganese ore, manganese alloys and chrome ore. Mr Sacco is
currently the managing director of, and holds a beneficial interest in, Assore International Holdings
Limited (“AIHL”) which in turn holds 311,540,560 ordinary shares in the Company representing
26.66 per cent. of the Company’s voting rights. As such, Mr Sacco is deemed to have a beneficial
interest in AIHL’s entire legal holding in Gemfields.

Gemfields’ Non-Executive Chairman, Martin Tolcher, commented: “Patrick brings significant
experience and knowledge to Gemfields’ Board of Directors and I am very pleased to welcome him at this important
time in the Group’s history. I and my fellow Directors are very much looking forward to working with Patrick and
being able to utilise his African mining and international marketing expertise”.

The following information regarding the appointment...

Read Full Story: https://www.moneyweb.co.za/mny_sens/gemfields-group-limited-appointment-of-non-executive-director-2/

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