CIA Clean Invest Africa Plc

 
TIDMCIA 
 
30 June 2023 
 
                            Clean Invest Africa Plc 
 
                     ("CIA", the "Company" or the "Group") 
 
     Mr. Noel Lyons and Mr. Paul Ryan settlement agreement and resignation 
 
Clean Invest Africa Plc (AQUIS: CIA) announces that Mr. Noel Lyons and Mr. Paul 
Ryan, both Non-Executive Directors, have stepped down from their roles with the 
Company with immediate effect. 
 
The coal industry globally is currently experiencing a surge in demand. This 
demand ought to lead to a renewed interest in the clean up technology and 
capabilities of CIA's CoalTech business. Mr. Lyons and Mr. Ryan have other 
developing coal interests which may have an interest in CoalTech's 
environmentally friendly capabilities and therefore they consider it prudent to 
step aside to avoid any potential conflict of interest. 
 
The Company is currently evaluating the Board structure going forward and 
further announcement will be made in the coming days. A comprehensive update on 
the current operations of the Company's operational subsidiary, CoalTech, will 
also be announced in the near future. 
 
Shaikh Mohamed Abdulla Khalifa AlKhalifa (Non-Executive Chairman), Chairman, 
commented: 
 
"On behalf of the Board, I would like to thank Noel, who also founded the 
Company, and Paul for their tremendous efforts over these past years in what 
have been difficult and challenging times for the Company. They leave the 
Company with the benefit of their robust guidance as non-executives and their 
strong connections in the coal industry. I wish them the best in their future 
endeavours." 
 
The directors of the Company accept responsibility for the contents of this 
announcement. 
 
ENQUIRIES : 
 
Clean Invest Africa plc 
 
Filippo Fantechi - Chief Executive Officer:  +973 3 9696273 
 
Peterhouse Capital Limited 
 
Guy Miller +44 20 7469 0930 
 
 
 
END 
 
 

(END) Dow Jones Newswires

June 30, 2023 09:18 ET (13:18 GMT)

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