Announcement • Sep 24
Sierra Rutile Holdings Limited Announces Board Changes Sierra Rutile Holdings Limited (Sierra Rutile or the company) announced, following the announcement that Leonoil Company Limited (Leonoil) has acquired a relevant interest in more than 90% of the shares in the company and has commenced the process for compulsory acquisition of the minorities, that Mr. Graham Davidson and Mr. Jan Joubert have resigned from the Board, effective 23 September 2024. Mr. Mohamed Cole, recently appointed as a Leonoil Board representative, has now been appointed Chairman of the Sierra Rutile Board, effective 20 September 2024. He replaces Mr. Greg Martin, who will continue to serve as an independent non-executive director on the Board. As a result, the Board will now be comprised of the three recently appointed Leonoil representatives, Mr. Mohamed Cole, Mr. Ibrahim Cole and Mr. Patrick Lambert, together with Sierra Rutile's Managing Director and Chief Executive Officer, Mr. Theuns de Bruyn, and existing independent non-executive directors, Mr. Greg Martin and Mr. Patrick O'Connor. Announcement • Sep 18
Sierra Rutile Holdings Limited Announces Board Appointments Sierra Rutile announced the appointment of Mr. Mohamed Cole, Mr. Ibrahim Cole and Mr. Patrick Lambert to the Board of Sierra Rutile effective September 18, 2024. Announcement • Sep 06
Sierra Rutile Holdings Limited Announces Changes to the Board of Directors Sierra Rutile Holdings Limited announced, following September 4, 2024 announcement that Leonoil Company Limited (Leonoil) has acquired a relevant interest in more than 50% of the shares in the Company, that Mr. Mohamed Cole, Mr. Ibrahim Cole and Mr. Patrick Lambert will, subject to the provision of their consents to act, be appointed to the Board of Directors at the request of Leonoil. Separately, Mr. Martin Alciaturi, Sierra Rutile's Finance Director, has advised the Company of his intention to retire from his executive role effective 6 December 2024. To facilitate appointment of the Leonoil representatives to the Board in the shorter-term, Mr. Martin Alciaturi will step down from the Board immediately. Following the above changes, the Board will be comprised of the three new Leonoil representatives together with Managing Director Mr. Theuns de Bruyn, current Chairman Mr. Greg Martin, and existing independent non-executive directors, Mr. Graham Davidson, Mr. Patrick O'Connor and Mr. Jan Joubert. Leonoil retains its rights in relation to Board composition under the Bid Implementation Agreement between Leonoil and the Company. 
