TIDMAGTA

RNS Number : 1709W

Agriterra Ltd

21 April 2021

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

21 April 2021

Agriterra Limited ('Agriterra' or the 'Company')

Agriterra Ltd / Ticker: AGTA / Index: AIM / Sector: Agriculture

Appointment of Chief Executive Officer and Board Changes

Agriterra Limited, the AIM listed African agricultural company is pleased to announce the appointment of Mr. Rui Sant'ana Afonso to the position of Chief Executive Officer, and a member of the Board of the Company, with immediate effect.

Mr. Sant'ana Afonso is a Mozambican citizen, who resides in Mozambique, and has been working with the Company since March 2020 as CEO designate. Previously he was Executive Director for Mozambique of AgDevCo for 6 years and, prior to that, worked as Director of Operations for G4S in Mozambique. In addition, he gained significant supply chain and logistics experience through his role as Bulk Cargo Manager at the Port of Maputo, where he worked for 6 years.

Mr. Sant'ana Afonso has a BSc in Agriculture and an MSC in Agricultural Economics and has held non-executive directorships in various companies in the food commodity sector in Mozambique.

Mr. Sant'ana Afonso brings to the role significant experience in the management and development of companies in the agricultural sector in Mozambique and, having worked with the Company for the last year, it expects to continue to benefit from his strong management skills.

Caroline Havers, the current Executive Chair, will move to the role of Non-Executive Chair as a result of the appointment of Mr. Sant'ana Afonso.

Caroline Havers commented:

"I, and the whole Board, are delighted to formally welcome Mr. Sant'ana Afonso to the position of Chief Executive Officer and also as a member of the Board. We have worked well together over the last year and I know that living in Mozambique, with his strong skill set, he will bring much to the Company."

Additional Information on the Directorate Appointment

The following additional information is provided in accordance with AIM Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies.

Rui Carlos Singh Sant' ana Afonso, aged 47

 
 Current Directorships/Partnerships     Directorships/Partnerships held 
                                         within the past five (5) years 
 Santanarcs Advisory and Consulting     Montesco SA 
  Services                               Funda o Clarisse Muchanguana 
  Mozambique Kiteboarding Association    Eco Farm Mauritius Ltd 
  Associa o Comercio, Industria          Westfalia Mauritius 
  e Servios                              Empresa de Comercializa o Agr'cola 
                                         Limitada 
                                         Citrinos do Umbeluzi SA 
                                         Transurban Africa Limited 
                                         Associa o Comercio, Industria 
                                         e Servios* 
                                         Africa Agricultural Development 
                                         Company Moambique, Limitada** 
                                       ------------------------------------

Notes:

* Mr. Sant'ana Afonso was previously a Non-Executive Director of Associa o Comercio, Industria e Servios between 2017 and 2019, before being re-appointed as a Non-Executive Director in January 2021.

** UK Companies House records indicate that Mr. Sant'ana Afonso is an active director of Africa Agricultural Development Company Moambique, Limitada, however he resigned from such directorship in September 2019 and, accordingly, steps are being taken to make/update the relevant filings.

Mr. Sant'ana Afonso has no direct or indirect interest in the Company's issued share capital.

Other than the information contained within this announcement, there is no further information required to be disclosed under Rule 17 and Schedule Two paragraph (g) of the AIM Rules.

** ENDS **

For further information please visit www.agriterra-ltd.com or contact:

 
 Agriterra Ltd                            Strand Hanson Limited 
                                 (Nominated & Financial Adviser 
                                                    and Broker) 
 Caroline Havers               James Spinney/Ritchie Balmer/Rob 
                                            Patrick 
 caroline@agriterra-ltd.com                +44 (0) 207 409 3494

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END

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April 21, 2021 05:45 ET (09:45 GMT)

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