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LONDON - Premier African Minerals Limited announced today the mutual termination of George Roach’s role as CEO and director, effective immediately. The decision follows the terms of the Executive Service Agreement from December 12, 2012.
George Roach, who founded Premier in 2007, expressed his gratitude for the company’s growth and the advancements made under his leadership. He highlighted the recent progress with the Zulu Lithium and Tantalum Project, which aims to become a top producer of Spodumene concentrate.
The departure aligns with Roach’s July 2023 statement, where he informed the Board and shareholders of his intention to resign. He pledged ongoing support during the transition.
Chairman Godfrey Manhambara acknowledged Roach’s significant contributions to Premier, including the development of two mines. The company will maintain Roach’s services for three more months until August 31, 2025, to ensure a smooth handover.
Classified as a "good leaver," Roach retains the option to exercise previously awarded stock options for 12 months post-notice period. The Board is actively seeking a new CEO or non-board managing director and will announce any additional executive and board changes in due course.
This announcement contains inside information as per Market Abuse Regulations and was arranged for release by George Roach himself. The information is based on a press release statement from Premier African Minerals Limited.
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