Cambria Africa PLC Directorate Change (1337P)
03 Juni 2015 - 4:01PM
UK Regulatory
TIDMCMB
RNS Number : 1337P
Cambria Africa PLC
03 June 2015
Cambria Africa Plc
("Cambria" or the "Company")
Directorate Change
The Company is pleased to announce that Samir Shasha has joined
the board as a non-executive director with immediate effect.
Pursuant to the Share Subscription Agreement with Ventures Africa
Ltd ("VAL"), as set out in the Company announcement on 16 February
2015, VAL is entitled to nominate 3 additional Directors and Samir
Shasha was nominated under this entitlement. VAL purchased Leopard
Rock Hotel from Cambria Africa in October 2014.
Through his companies, Mr. Shasha is actively involved in real
estate and hotel investments, supply of trucks, and transport
operations in Zimbabwe and Southern Africa.
Mr. Shasha started his involvement in Southern Africa with
supplying and leasing trucks for the operations of a transport
company focused on relief aid. In 1995 he established S. Shasha
& Associates in Zimbabwe and introduced Freightliner Trucks in
Southern Africa for the first time. In 2002, S. Shasha &
Associates (Pvt) Ltd. (Zimbabwe) purchased Zimbabwe Online, an
Internet Service Provider in Zimbabwe, and took on the role of CEO
until 2006. The company was sold to Liquid Telecom in 2012.
Mr. Shasha received his Bachelors from Vassar College with
Honors in Economics in 1981.
The names of all companies and partnerships of which Mr. Shasha,
aged 55, has been a director or partner at any time in the previous
five years are set out below:
S. Shasha & Associates (Pvt) Current
Ltd
Shasha & Associates, SP (USA) Current
--------
Global Coal Distributors (Pvt) Current
Ltd.
--------
Encyclia Logistics (Pvt) Ltd. Current
--------
Maxiyield (Pvt) Ltd. Current
--------
Leopard Rock Hotel Ltd. Current
--------
Space Properties (Pvt) Ltd. Current
--------
Rofane (Pvt) Ltd Current
--------
FDB Properties (Pvt) Ltd. Current
--------
At age 27, on 7 August 1987, Samir Shasha filed for Chapter 7
voluntary bankruptcy in US Bankruptcy Court for the Northern
District of Illinois in relation to outstanding debts of
approximately $75,000. The bankruptcy was terminated on January 15,
1988.
S. Shasha & Associates (Pvt) Ltd is the 100% shareholder of
Encyclia Logistics (Pvt) Ltd. which is the 100% shareholder of
Ventures Africa Limited which in turn has a 50.55% interest in
Cambria. Shasha & Associates, SP (USA), wholly owned by Samir
Shasha, owns 100% of S. Shasha & Associates (Pvt) Ltd,.
There are no other matters which are required to be announced
pursuant to paragraph (g) of Schedule 2 to the AIM Rules.
Ends
Contacts
Cambria Africa Plc www.cambriaafrica.com
Ian Perkins +44 (0) 796 4908 951
Edzo Wisman +44 (0) 796 4908 950
WH Ireland Limited www.wh-ireland.co.uk
James Joyce / Mark Leonard +44 (0) 207 220 1666
This information is provided by RNS
The company news service from the London Stock Exchange
END
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