Amira Nature Foods Ltd. Appoints Hervé Larren as New Board Member, Bringing Experience in Building Brands Internationally, as well as in New Era Supply Chain Technology

DUBAI, United Arab Emirates--()--Amira Nature Foods Ltd. (the "Company") (NYSE: ANFI) approved the appointment of Hervé Larren as an independent director of the company on the 24th May 2018.

“On behalf of the Company, I want to welcome Mr. Larren to the Amira team,” said Karan A. Chanana, Amira’s President and Chief Executive Officer.

“I am honored to join the Board of Directors at Amira. The Company is a proven leader in their industry and I look forward to working with Karan and the Amira team in the continued success of this company founded over a century ago,” said Hervé Larren.

Hervé Larren, 39, is the co-founder of Global Crypto Ventures, a leading company involved in cryptocurrency and blockchain technology investments. Mr. Larren is also a partner at Geneva based blockchain advisory firm Dybaw Advisory where he helps businesses leverage the blockchain technology. Mr. Larren is also a speaker on the subject of Bitcoin and Blockchain.

Prior to receiving his MBA, Mr. Larren worked as a brand manager at LVMH Moet Hennessy – Louis Vuitton SE (EPA: MC) where he gained experience building luxury brands in the US. Prior to LVMH, Mr. Larren held analyst experience at Pernod Ricard (EPA: RI) in France and internationally.

Mr. Larren attended the Harvard Business School’s Presidents’ Seminar, received his MBA from Columbia Business School and his BBA in International Business and Finance from Concordia University. Mr. Larren graduated from the Lycée Pasteur in France with honors. He has been a YPO member since 2012.

About Amira Nature Foods Ltd.

Founded in 1915, Amira has evolved into a leading global manufacturer, marketer and distributor of branded packaged specialty rice and other related food products, with sales across five continents around the world. The Company generates the majority of its revenue through the sale of Basmati rice, a premium long-grain variety of rice grown only in the geographically indicated region of the Indian sub-continent, as well as other specialty rice. It sells its products under its flagship Amira brand, as well as other Company owned brands and third-party brands. The Company expanded its product offerings in recent years to include other value-add categories such as edible oils and organics. The Company also sells other products such as wheat, barley, legumes and other produce to large institutional customers. The Company’s fourth generation leadership has built on a rich, century-old legacy and transformed Amira from a local family-run business to a publicly listed, globally focused packaged food company with a global leadership position in the high growth Basmati rice sector. Amira sells its products through a broad distribution network in both the developed and emerging markets. The Company’s global headquarters are in Dubai, United Arab Emirates, and it also has offices in India, Malaysia, Singapore, Germany, the United Kingdom, and the United States. Amira Nature Foods Ltd. is listed on the New York Stock Exchange (NYSE) under the ticker symbol “ANFI.”

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Forward-Looking Statements

This Press Release by Amira Nature Foods, Ltd. (the “Company”) contains statements of a forward-looking nature. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by words or phrases such as “may,” “will,” “except,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “future” or other similar expressions. We have based these forward-looking statements largely on the Company’s current expectations and projections about future events and financial trends that the Company believes may affect the Company’s financial condition, results of operations, business strategy and financial needs. There is no assurance that the Company’s current expectations and projections are accurate. These forward-looking statements include, but are not limited to risks and uncertainties involving the Company including that: (i) the Company’s intends to satisfy the NYSE’s standard listing deficiency, (ii) under NYSE rules, the Company has six months from receipt of the notification to comply with the NYSE listing standards; (iii) that the Company can regain compliance at any time during this six-month period by bringing its share price and 30-trading-day average share price back over $1.00; (iv) that the Company’s shares will continue to be listed on the NYSE, subject to compliance with other continued listing requirements, and (v) that the Company will remain listed on the NYSE are forward-looking statements within the meaning of the Safe Harbor. All forward-looking statements in this press release are based on information available to the Company on the date hereof. These statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results to differ materially from those implied by the forward-looking statements. More detailed information about these risk factors are set forth in the Company’s filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled “Risk Factors,” in the Company’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on October 16, 2018. The Company operates in a rapidly evolving environment. New risk factors emerge from time to time, and it is impossible for the Company’s management to predict all risk factors, nor can the Company assess the impact of all factors on Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ from those contained in any forward-looking statement. The Company does not undertake any obligation to update or revise the forward-looking statements except as required under applicable law.


Varun Sethi, Chief Financial Officer


Varun Sethi, Chief Financial Officer