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Mwana Africa chairman and director exit board

Published: 08:57 05 Jun 2015 EDT

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Changes in the boardroom.

Mwana Africa (LON:MWA) chairman Stuart Morris and director Johan Botha are leaving as directors with immediate effect, the firm said in a London statement.

Previously, a group had requisitioned a general meeting for June 9 this year calling for four Mwana non-executive directors to be removed and replaced with four new ones.

The group of dissidents proposed that that Dr Scott Morrison, Mark Wellesley-Wood, Olivier Barbeau and Anne-Marie Chidzero be appointed as directors, while Stuart Morris, Johan Botha, Ngoni Kudenga and Herbert Mashanyare be removed.

Meanwhile, major Chinese shareholder CIMGC and Mr Yat Hoi Ning, a non-executive director and associate of CIMGC, have also today agreed to withdraw from the court petition over Morris and Botha.

The case challenged the re-election of  Stuart Morris as director last year along with the appointments of Ngoni Kudenga and Herbert Mashanyare.

The current company board are now discussing a succession plan for additional non-exec directors, including the chairman, Mwana added in the statement.

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