3 October 2024
Adriatic Metals
PLC
("Adriatic Metals" or the "Company")
Board
Appointment
Adriatic Metals PLC (the
'Company') is pleased to announce the
appointment of Mr Mirco (Mick) Bardella as a Non-Executive Director
('NED'), effective from 3 October 2024.
Mr Bardella is an experienced
specialist in assurance and governance, predominantly in the
natural resources sector, having previously advised companies
including Xstrata, Rio Tinto, Gold Fields and Hochschild Mining in
his capacity as Assurance Partner at professional services firm,
Ernst & Young ('EY'). His previous roles include Global Lead
Audit Partner for Xstrata and Global Assurance Lead for Rio
Tinto.
Mr Bardella led EY's Assurance
services in the Mining & Metals sector for Europe, Middle East,
India, and Africa (EMEIA), and its Energy division for UK &
Ireland from 2007 to 2019. He is also experienced in ASX and LSE
listing requirements and holds a Bachelor of Accounting from the
University of Witwatersrand, South Africa.
Mr Bardella sits on the board of
South African vanadium producer Bushveld Minerals Ltd as an
Independent Non-Executive Director, where he chairs the Audit and
ESG Committees and is also a member of the Remuneration
Committee.
In his capacity as a Non-Executive
Director at Adriatic, Mr Bardella will chair the Audit & Risk
Committee.
The appointment of Mr Bardella is in
line with Adriatic's process of strengthening the Board as it
accelerates its evolution to becoming a leading European producer
of critical metals.
Additionally, Non-Executive Director
Sandra Bates has stepped into a newly created role of Senior
Independent Director ('SID') effective from 3 October 2024, marking
the first such role to be held on the Adriatic Board, which
reflects its evolution into a stronger, dynamic corporate
structure.
Following the recent changes to the
Adriatic Board and the appointment of Mr Bardella, the Company's
Committees are as follows:
|
Audit & Risk Committee
|
Nomination Committee
|
Remuneration Committee
|
Sustainability Committee
|
|
Chair:
Mick Bardella
|
Chair:
Peter Bilbe
|
Chair:
Peter Bilbe
|
Chair:
Eric Rasmussen
|
|
Sandra Bates
|
Mick Bardella
|
Mick Bardella
|
Mick Bardella
|
|
Eric Rasmussen
|
Sandra Bates
|
Sandra Bates
|
Peter Bilbe
|
|
|
Eric Rasmussen
|
Eric Rasmussen
|
Michael Rawlinson
|
Commenting on the Board appointment, Michael Rawlinson,
Chairman of Adriatic, commented:
"I
would like to warmly welcome Mick to the Board in what is a crucial
period for Adriatic as we advance our Vares Silver Operation in
Bosnia & Herzegovina to commercial production in the coming
months.
"Mick brings extensive skills in assurance and governance from
his experience with leading global mining companies. His expertise
will be a tremendous asset as we move forward with our growth
strategy alongside the new management team.
"I
also want to express my gratitude to Sandra Bates for her
contribution as Chair of the Audit Committee over the past few
years. The Board and I look forward to collaborating closely with
her as Senior Independent Director to maintain the Company's
governance and transparency."
The Company confirms that there is
no other information regarding Mr Bardella that is required to be
disclosed under paragraph 9.6.13 of the Listing Rules of the UK
Listing Authority.
-ends-
Authorised by Laura Tyler, Interim
CEO of Adriatic Metals
For further information please
visit: www.adriaticmetals.com;
email: info@adriaticmetals.com,
@AdriaticMetals
on Twitter; or contact:
|
Adriatic Metals PLC
|
|
|
Klara Kaczmarek
GM - Corporate
Development
|
Tel: +44 (0) 7859 048228
Klara.kaczmarek@adriaticmetals.com
|
|
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Burson Buchanan
|
Tel: +44 (0) 20 7466 5000
|
|
Bobby Morse / Christopher
Jones
|
adriatic@buchanan.uk.com
|
|
Morgans Corporate Limited
|
|
|
Rob Douglas / Sam Warriner / Mitch
Duffy
|
Tel: +61 7 3334 4888
|
|
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RBC
Capital Markets
|
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Farid Dadashev / James Agnew / Jamil
Miah
|
Tel: +44 (0) 20 7653 4000
|
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Stifel Nicolaus Europe Limited
|
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Ashton Clanfield / Callum Stewart /
Varun Talwar
|
Tel: +44 (0) 20 7710 7600
|
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Morrow Sodali
|
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Cameron Gilenko
|
Tel: +61 466 984 953
|
ABOUT ADRIATIC METALS
Adriatic Metals Plc (ASX:ADT,
LSE:ADT1, OTCQX:ADMLF) is a precious and base metals developer that
is advancing the world-class Vares Silver Project in Bosnia &
Herzegovina, as well as the Raska Zinc-Silver Project in Serbia.
First concentrate production took place in February 2024 and the
Vares Silver Operation is fully funded to nameplate production,
which is expected in Q4 2024. Concurrent with ongoing operational
activities, the Company continues to explore across its highly
prospective 44km2 concession package.
MARKET ABUSE REGULATION
DISCLOSURE
The information contained within
this announcement is deemed by the Company (LEI:
549300OHAH2GL1DP0L61) to constitute inside information for the
purpose of Article 7 of EU Market Abuse Regulation (EU) No.
596/2014 as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) ACT 2018, as amended. The person
responsible for arranging and authorising the release of this
announcement on behalf of the Company is Laura Tyler, Interim
CEO.