TIDMSTHP

RNS Number : 4850V

Stranger Holdings PLC

13 December 2021

Stranger Holdings plc / Index: LSE / Epic: STHP / Sector: investment

13 December 2021

Stranger Holdings plc ('Stranger' or the 'Company')

Update re Acquisition of South African Uranium Asset and Appointment of Director

Stranger Holdings plc, the London listed investment company, is pleased to announce that the transaction to acquire an advance and near-term production uranium project located in South Africa (the 'Acquisition') is being advanced and in accordance with the previously announced Heads of Terms, the Company has appointed a new non-executive director, Ms Jackline Muchai, to the Board, as a representative of the project vendors, effectively immediately.

Ms Jackline Muchai is a Kenyan based businesswoman and is the founder and Chief Executive of Nairobi-based Gathoni MuchaiInvestments Limited, a focused mining and materials investments and real estate l businesses and specialising in investments in East and Southern Africa. Ms Muchai is also a director and the Project Manager of Mayflower Africa Foundation which aims at improving young children's education, health and well-being in Africa through education, nutrition and recreational programs.

On completion of its legal, financial and technical due diligence, it is proposed that the Company will appoint a further non-executive director as a representative of the project vendors to Board, and will then look to complete the Acquisition.

Given the change in strategy to focus on developing the proposed near-term, low-cost uranium project and associated energy metals projects in Africa, the Company aims to change its name on completion of the RTO to Neo Energy Metals Limited.

Further details will be provided as the Company advances its due diligence and documentation.

The following information is disclosed about Ms Jackline Muchai, aged 31:

 
Current Directorships / Partnerships:         Previous Directorships / Partnerships held in the past 5 years: 
 
Mayflower Energy Metals Limited, UK           Nil 
                                              --------------------------------------------------------------- 
Mayflower African Foundation, UK 
Gathoni Muchai Investments Limited, Kenya 
                                              ---------------------------------------------------------------

The Directors of the issuer accept responsibility for the contents of this announcement.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

* * ENDS * *

For further information visit www.strangerholdingsplc.co.uk or contact the following:

 
Stranger Holdings plc  James Longley  info@strangerholdingsplc.com 
St Brides Partners     Financial PR   stranger@stbridespartners.co.uk 
 Ltd

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCBLBDDXGBDGBX

(END) Dow Jones Newswires

December 13, 2021 11:08 ET (16:08 GMT)

Stranger (LSE:STHP)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024 Click aqui para mais gráficos Stranger.
Stranger (LSE:STHP)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024 Click aqui para mais gráficos Stranger.