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
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307453 19.12.2014
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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
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307453 19.12.2014
