Source - RNS
RNS Number : 2261J
United Cacao Limited SEZC
07 September 2016

7 September 2016

United Cacao Limited SEZC

("United Cacao" or the "Company")


Directorate Change


United Cacao Limited SEZC (AIM: CHOC), the AIM-quoted cacao plantation company based in Peru, is pleased to announce that Mr Graeme Iain Brown has joined as a non-executive director replacing Mr Roberto Tello who is stepping down from the Board with immediate effect.  


Mr Brown has extensive experience in the plantation industry having founded and run several large-scale agricultural enterprises.


Dennis Melka, Chairman and Chief Executive Officer, commented:

"Mr Brown strengthens the board as a director through his more than 20 years of operational experience and extensive strategic relationships across the plantation sector in Southeast Asia. The cacao market is fundamentally being driven by rising Asian demand and some of the world's largest agricultural enterprises are based in Southeast Asia. Furthermore, Mr Brown complements the board's strengths and positions the business well for the future.


"The Board would like to thank Roberto for his significant contribution to United Cacao before and since the company listed on AIM. The Board and Roberto recognise the need for a different skillset, as the company begins to make the transition to a producing cacao business.


"It is our intention to continue to strengthen the Board of Directors over the coming months and we look forward to updating shareholders in due course."


Graeme Iain Brown commented:

"United Cacao has accomplished unprecedented achievements in the cacao sector since its admission to AIM and I am honoured to join this rapidly growing company. Peru offers excellent conditions, in particular freehold land, for plantation companies and a superb growing environment. I expect the general plantation industry, largely based in Southeast Asia, to take increased interest in this region in the years ahead."



The following information is disclosed pursuant to schedule 2 (g) of the AIM Rules

Mr Graeme Iain Brown, aged 45, is or has been a director of the following companies during the previous five years:


Current Directorships


Alkaz Sdn Bhd

Bintulu Hotel Group Sdn Bhd

Borneo Plant Technology Sdn Bhd

K2 Hotel Sdn Bhd

Keresa Sdn Bhd

Keresa Mill Sdn Bhd

Keresa Plantations Sdn Bhd

Malesiana Tropicals Sdn Bhd

Pascali Sdn Bhd

Premier Space Sdn Bhd

Pro-Formula Sdn Bhd

Rajang Wood Sdn Bhd

Sarawakiana Leisure Sdn Bhd

Sarawakiana Management Sdn Bhd

Sarawakiana Realty Sdn Bhd

Straits Hospitality Company Sdn Bhd

Tera Management Sdn Bhd

Waddell Holding Ltd

Waddell Holdings Pte Ltd

Waddell Holding Sdn Bhd

Previous Directorships


Asian Forestry Company Sdn Bhd    

Asian Plantations Limited

Asian Plantation (Sarawak) Sdn Bhd

Asian Plantation (Sarawak) II Sdn Bhd

Asian Plantation (Sarawak) III Sdn Bhd

BJ Corporation Sdn Bhd

Fortune Plantation Sdn Bhd

Grand Performance Sdn Bhd

Incosetia Sdn Bhd

Jubilant Paradise Sdn Bhd

Kronos Plantation Snd Bhd

South Asian Farms Sdn Bhd   



There is no further information to be disclosed pursuant to paragraph 2(g) of Schedule 2 of the AIM Rules.



For more information please visit or contact:


United Cacao Limited SEZC

+1 345 815 2710

Dennis Melka, Executive Chairman & CEO

Anthony Kozuch, Executive Director


Strand Hanson (Financial & Nominated Adviser)

+44 (0) 20 7409 3494

James Harris / James Spinney / Ritchie Balmer

Beaufort Securities (Joint Broker)

+44 (0) 20 7382 8300

Jon Belliss / Elliot Hance

Kallpa Securities SAB (Joint Broker)

+51 1 630 7500

Ricardo Carrion

Tavistock (PR Adviser)

+44 (0) 20 7920 3150

Ed Portman/Simon Hudson/Jos Simson


The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

This information is provided by RNS
The company news service from the London Stock Exchange