SMA Sovereign Mne

TIDMSMA

RNS Number : 2535U

Sovereign Mines of Africa PLC

23 October 2017

23 October 2017

Sovereign Mines of Africa PLC

("SMA" or "the Company")

Board Change

Sovereign Mines of Africa today announces a change to the Board's composition as it repositions itself strategically, reflecting its expected transaction within the Indian consumer goods sector.

In recognition of this, Rupert Fraser will step down from his role as non-executive Director. However, he will remain involved with the Company in his capacity as a valued shareholder. The Board will continue to review its composition to ensure its experience reflects that needed for the new listed company.

Giles Clarke, Chairman of Sovereign Mines of Africa commented:

"Rupert has been instrumental in steering the Company in this period of extreme change. I would like to take this opportunity to thank him for his contribution to the Company and look forward to continuing our relationship through his involvement as an important shareholder of SMA."

Ends

Enquiries:

SOVEREIGN MINES OF AFRICA PLC

   Giles Clarke - c/o Camarco                                                    +44 20 3757 6983 

SHORE CAPITAL - NOMINATED ADVISER & BROKER

   Toby Gibbs / Jerry Keen                                                         +44 207 408 4090 

CAMARCO

   Tom Huddart / Ginny Pulbrook / Billy Clegg                           +44 20 3757 6983 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

October 23, 2017 02:00 ET (06:00 GMT)

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