Agricola Resources plc
LSE : AGRI

March 17, 2010 03:00 ET

Board Changes

                                                                                                     17/03/2010
                                                                                      GB0003046835/GBP/PLUS-exn
                                                   
                                            AGRICOLA RESOURCES PLC
                                                       
                                         ("Agricola" or the "Company")
                                                       
                                                 Board Changes
                                                       
The  Board  of Agricola announce the retirement of Dr Robert Young from the Board as Executive Chairman  and  a
director of the Company with immediate effect.

The  Board  would like to express their thanks to Dr Young for the invaluable services he has provided  to  the
Company in his many years as a Director.

Dr Young has a beneficial interest in 1,810,000 ordinary shares of the Company representing 1.12% of the issued
share  capital.  As a result of Dr Young's retirement, the total of Directors shareholdings in the  Company  is
now 1,220,000 ordinary shares representing 0.76% of the issued share capital of 160,455,489 ordinary shares.

The  Board  is  pleased  to announce the appointment of Mr Clive Sinclair-Poulton as the  succeeding  Executive
Chairman  of  the  Company  with  immediate effect. Mr Sinclair-Poulton studied  law  at  Cambridge  University
graduating  in  1978, before starting a twenty year career in investment banking in London  with  Citibank  and
Security Pacific (now Bank of America) as well as stockbrokers Hoare Govett (now ABN Amro). After founding  and
then  selling  a stockbroking firm, he became a founding shareholder and the Executive Chairman of  AIM  traded
themutual.net. He has been involved in the natural resources sector for fifteen years.

Mr  Sinclair-Poulton is the Executive Chairman of Beowulf Mining Plc and was a founding member of Tanzania Gold
plc  before it became Bezant Resources plc. He was CEO of AIM listed Bezant Resources plc, with copper and gold
assets in Tanzania and the Philippines, until he stepped down in February 2008. He resides in Ireland.


                                     English Directorships last five years

CURRENT                                                  PAST
Beowulf Mining Plc                                       Anglo Tanzania Gold Ltd
Borak Consultancy Ltd                                    Bezant Resources Plc
Cymru Tanzania Gold Ltd                                  Emerging Markets Development Ltd
Mauroccan Gold Development Ltd                           Institute for Orthodox Christian Studies Ltd
                                                         Noble Metals Ltd
                                                         Resource Catalyst Ltd
                                                         Sleipner Investments Ltd



                                      Irish Directorships last five years

ALL CURRENT
Accedium Holdings (Ireland) Ltd
Accedium (Ireland) Ltd
AFI Morgan Ltd
Griffith Resources Ltd
Merchant Adventurers Company Ltd
Odyssey Advisers Ltd


The Directors of Agricola are responsible for the contents of this announcement.
For further information contact:-

Company:
Agricola Resources plc
Mr James Negaard 
                                          Tel: 020 8780 0933
Corporate Adviser
St Helens Capital Partners LLP
Duncan Vasey or Mark Anwyl                Tel: 020 7368 6959

Contact Information

  • Agricola Resources plc