Lonmin Plc (the “Company”) today announces the appointment of Kennedy G. Bungane as a non‐executive director of the Company, with eﬀect from 1 March 2016.
Mr Bungane (41) is CEO of Phembani Group Proprietary Limited (“Phembani “), which recently merged with Shanduka, Lonmin’s Black Economic Empowerment partner. Mr Bungane was nominated to the Board pursuant to a contractual arrangement with Shanduka.
Mr Bungane has a BCom in Corporate Finance & Investment Finance, an MBA in Advanced Corporate Finance from the University of Pretoria and he completed an Advanced Management Program at the Harvard Business School. Prior to Phembani , Mr Bungane was CEO of Barclays Africa Limited and was Chairman of both the UK incorporated Barclays Africa Limited board and the Barclays Africa Regional Management Executive Committee. Mr Bungane was also CEO of the Corporate and Investment Bank at Standard Bank of South Africa and a member of the Standard Bank Group Executive Committee.
In addition to his position at Phembani, Mr Bungane is also a non‐executive director of Kangra Coal (Pty) Limited.
In accordance with the Listing Rules, Lonmin conﬁrms that there are no additional matters that would require disclosure under LR 9.6.13 R (1) to (6). Mr Bungane has no direct beneﬁcial interests in Lonmin ordinary shares of $0.0001 each.
Brian Beamish, Chairman of Lonmin said “I am pleased to welcome Kennedy to our Board. He brings with him signiﬁcant corporate experience and knowledge, particularly in a South African context. Kennedy will, I have no doubt, be a much valued contributor to the Lonmin Board.”
Investors / Analysts:
Tanya Chikanza (Head of Investor Relations): +27 11 218 8358 / +44 20 7201 6007
Anthony Cardew: +44 20 7930 0777
Sue Vey: +27 60 523 7953
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