Broad Based Black Economic Empowerment

Digby Wells Environmental announces conclusion of BBBEE Transaction

Digby Wells Environmental announces conclusion of Broad Based Black Economic Empowerment (BBBEE) Transaction.jpg

Graham Trusler, CEO of Digby Wells Environmental (Digby Wells), a multinational environmental and social advisory consultancy, announced the 30% acquisition of its issued share capital by Lwazi Capital, a majority black women owned and managed company. This transaction makes Digby Wells compliant with the requirements of the South African Mining Charter and new DTI Codes of good practice with respect to
ownership.

Digby Wells provides environmental and social services to the mining, resources, energy and agricultural sectors across Africa. Over the past 5 years, the company’s expansion plans have advanced, with the company opening offices in the UK, Jersey (Channel Islands), Mali
and the DRC.

Lwazi Capital identified Digby Wells as an excellent investment opportunity as the company has shown consistent, sustainable growth over its 20 year history. Lwazi Capital, furthermore will bring to the table a wealth of knowledge, experience and industry contacts which will
assist in the ongoing growth of the company.

“This transaction has taken a long time to come to fruition, as we wanted to get it right and ensure that we have a suitable partner who shares in the company Vision and who we are happy to work with in advancing the company’s growth plans.” said Graham Trusler, Digby
Wells CEO.

“Lwazi Capital was established with a clear purpose in mind: to work in partnership with company management and other shareholders to grow and add value to the companies we are invested in. Digby Well Environmental has a solid track record; management has experience and passion for the business. The environmental and social sectors are attractive us, as business and legislation deal with these as sustainable business principles”
said Nombini Mehlomakulu, Managing Director of Lwazi Capital.

ABOUT DIGBY WELLS

Digby Wells Environmental was founded 20 years ago. The company provides environmental and social services internationally, focusing on the Mineral Resources and Energy sectors throughout Africa, Digby Wells clients includes the large multi-nationals, midtier,
and junior mining companies.

Projects are undertaken to both in-country legal requirements and international standards such as the Equator Principles, International Finance Corporation (IFC) Performance Standards and World Bank Group Guidelines. Digby Wells has offices in South Africa (Johannesburg, Pretoria and Lephalale), Bamako (Mali), London (UK) & Jersey (Channel Islands). The company has a presence in Ghana, Liberia, the DRC, Senegal and Australia.

The company’s activities and services are inspired by the Vision of: “Moving us from the world we live in to the world we seek”, and driven by the Mission “To be the premier environmental and social services provider to the resources industry in Africa”.

Digby Wells services are provided over the entire life cycle of an operation from early engagement prior to exploration, securing of exploration rights, services during the exploration phase, pre-feasibility studies, definitive feasibility study, construction, operational phase, closure planning and implementation, as well as post closure monitoring.

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