OK - Found this bit on lockwood. [IMG] Appointed non-exec to...

OK - Found this bit on lockwood.

Appointed non-exec to Kalahari then, BAM!! 1+yr later, chinese takeover despite
fukushima Mar 2011.

Now, lockwood appointed non-exec to PEN...



http://www.*.com.au/companies/news/...with-extracts-husab-uranium-project-5460.html
Kalahari Minerals names Richard Lockwood non-exec to assist with Extract's Husab uranium project

Friday, March 05, 2010

http://www.*.com.au/genera//img/companies/news/boardroom_350_4b90cb8ea48ab.jpg
Kalahari Minerals (AIM: KAH) has appointed Richard Lockwood as a non-executive director to assist Kalahari’s 40.44% owned Extract Resources (ASX, TSX: EXT) with advancing its Husab uranium project in Namibia.

Lockwood, who has over 50 years of experience in institutional investment, currently serves as Senior Fund Manager for City Natural Resources High Yield Trust, New City High Yield Fund, Geiger Counter Limited and Golden Prospect Precious Metals. He is currently a director of New City Investment Managers Limited, and has previously served on the boards of Ambrian Capital, Consolidated Coal, Hourwish Ltd, Indochina Minerals Ltd, Navan Mining and Regalpoint Exploration Pty Ltd.

Most of Lockwood’s experience comes form working for Hoare Govett in London and Australia and AMVESCAP, London.

“Richard is a well-known and respected figure with extensive experience in both the uranium sector and investment markets, and I am confident that his considerable industry and business acumen will prove an invaluable addition and further strengthen our board. He will undoubtedly help raise Kalahari's profile as it reaches a vital stage in its development, actively assisting Extract Resources as it advances the world-class Husab project towards production, and providing support to the whole team during this crucial time,” said executive chairman of Kalahari Mark Hohnen.

Lockwood currently holds 200,000 shares in the company. He has been granted options over another million shares exercisable at a price of 182 pence pursuant to the appointment and under the company’s share option scheme.



Under the offer, Kalahari's shareholders will receive 243.55p a share. CGNPC-URC said its offer hinges on acceptance by Kalahari investors representing at least 50pc of shares.


By Emma Rowley
11:48PM GMT 08 Dec 2011
copyright link/template/ver1-0/i/share/comments.gif1 Comment

The board of Kalahari has recommended that China Guangdong Nuclear Power Corp (CGNPC-URC) take over the company in a deal valuing it at £632m.
The takeover is set to hand the Chinese Kalahari's 43pc stake in the Husab uranium project in Namibia, which could become the world's second biggest uranium mine. China is on the hunt for new sources of uranium as its demand for nuclear power grows.
Under the offer, Kalahari's shareholders will receive 243.55p a share. CGNPC-URC said its offer hinges on acceptance by Kalahari investors representing at least 50pc of shares.
"In the light of the unexpected circumstances in Japan and their impact on uranium equities, the Kalahari directors recognise the altered market dynamic and subsequently views the offer from CGNPC-URC as attractive," said Mark Hohnen, Kalahari's chairman.
The company revealed in March that a unit of the Chinese company had proposed a possible offer of 290p a share, but the plans were derailed as the Japanese earthquake and subsequent Fukushima nuclear disaster sent the price of uranium plunging.
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The Takeover Panel rejected an agreement on a new price of 270p, which meant the two parties had to wait three months before they started talking again in October.
Under the deal, the shares would be bought by Taurus, a vehicle set up by the Chinese nuclear company with CADFund, an investment fund focused on Chinese expansion into Africa.
The acquisition is set to be the second biggest Chinese takeover of a foreign mining company, according to Bloomberg figures.
Kalahari shares closed up 7½ at 242p.