7 January 2020
CLEAN INVEST AFRICA PLC
("CIA" or the "Company")
Filippo Fantechi becomes CEO and other Board Changes
The Company wishes to inform the market that Filippo Fantechi has been
confirmed as the Chief Executive Officer of the Company. The change reflects
Filippo's founding position of the CoalTech Group and his ability and
experience in the energy, utility and construction sectors.
Shaikh Mohamed Abdulla Khalifa AlKhalifa ("Shaikh Mohamed AlKhalifa") will join
the board of directors with immediate effect as the Non-Executive Chairman of
the Company. Shaikh Mohamed AlKhalifa is based in the Kingdom of Bahrain and a
Member of the Bahraini Royal Family. Shaikh Mohamed AlKhalifa is responsible
for investment opportunities and has an extensive network of contacts which
support the development of the CoalTech Group business, including professional
firms and investment bankers.
Shaikh Mohamed AlKhalifa holds 332,619,294 ordinary shares in the Company
representing 29.23 per cent. of the current issued share capital.
The Company also notes that Samuel Toby Preece has resigned with immediate
effect to concentrate on other business interests. The Company wishes to thank
Samuel for his input from, and leading up to admission, to the NEX Exchange
Growth Market in November 2017. Samuel will receive GBP15,000 in ordinary shares
of the Company at a deemed price of 1p per share, in lieu of certain
outstanding fees owing to him.
The Directors of the Company accept responsibility for the content of this
Clean Invest Africa PLC
Filippo Fantechi - Chief Executive Officer
Telephone: +973 3 9696273
Noel Lyons - Executive Director
Telephone: +44 7912 514 809
Peterhouse Capital Limited
Telephone: 020 7220 9795
Save as set out below, there is no further information regarding Shaikh Mohamed
Abdulla Khalifa AlKhalifa that is required to be disclosed pursuant to Appendix
1, Table A, paragraph 5.1.2 of the NEX Exchange Growth Market - Rules for
Shaikh Mohamed Abdulla Khalifa AlKhalifa
Current Directorships and Directorships and Partnerships in the
Partnerships previous 3 years
UBM AEM (formerly Arabian Coal Tech LLC
Exhibition Management W.L.L.)
Bahrain Energy Services W.L.L.
Coal Agglomeration South Africa
FMX Technologies W.L.L.
Medcon United International
NCR (Bahrain) W.L.L.
iCAP Middle East W.L.L.