Paragon Resources PLC Appointment of special adviser to the Board (3126M)
22 Agosto 2013 - 3:16PM
UK Regulatory
TIDMPAR
RNS Number : 3126M
Paragon Resources PLC
22 August 2013
Paragon Resources PLC
("Paragon" or the "Company")
(AIM: PAR)
Appointment of Geoff Tyler as Special Advisor to the Board
22 August 2013
Highly experienced agribusiness investment specialist
Paragon, the AIM quoted agribusiness investing company, is
delighted to announce the appointment of Geoff Tyler as Special
Adviser to the board of Paragon to bring his significant experience
to the Company and provide invaluable advice on the implementation
of its agribusiness Investment Policy.
Geoff has over 30 years' experience of agribusiness investing in
Africa and Asia. He began his overseas career in Malawi and then
joined Tate and Lyle as an agricultural economist involved with
sugar in Thailand, Ethiopia, Kenya and in the Sudan. He also
advised on major rice, cotton and wheat irrigation schemes in
Thailand, Pakistan and Swaziland and on an EU-funded rubber
planting project in Thailand.
Geoff later joined the Commonwealth Development Corporation,
("CDC") serving as Country Manager for Zambia and then as Director
- Agribusiness, Food and Beverages. As well as greenfield and
expansion investments in sectors including oil palm, sugar, cotton
and arable farming, Geoff supervised a number of strategic
acquisitions, including rubber in Cote d'Ivoire; horticulture in
Kenya; a brewery in Mozambique; tea and rubber estates in Sri Lanka
and arable farming in Zambia. He worked on competitive bids for
state-owned sugar factories and a large-sale rubber, tea and banana
plantations in West Africa and negotiated the acquisition of
minority stakes in food companies in Thailand, South Africa,
Ecuador and Nicaragua.
Since leaving CDC in 2000, Geoff has acted as an independent
agribusiness adviser and is currently a member of the Investment
Committee of the Africa Agricultural Development Company (AgDevCo)
and a member (pro bono) of the Programmes Advisory Committee of
FARMAfrica. Geoff holds an MA in Economics from Cambridge
University and an MSc in Agricultural Economics from Oxford
University.
Simon Hunt, Executive chairman of Paragon says: "I am delighted
that someone of Geoff's calibre and experience has agreed to become
Special Advisor to the Company as we move forward quickly to
implement our Investment Policy. His wide experience and knowledge
in this sector will complement Andrew Beveridge's strong
operational background. It is hoped that he will join the Board in
due course."
For further information, please contact:
Paragon Resources PLC Allenby Capital Limited
Simon Hunt (Nominated Adviser and Broker)
(Chairman) Nick Harriss/Jeremy Porter/James
+44 7733 337 755 Reeve
www.paragon-resources.com +44 20 3328 5656
www.allenbycapital.com
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