Pathfinder Minerals Plc Directorate Change (9053R)
03 Luglio 2020 - 08:00AM
UK Regulatory
TIDMPFP
RNS Number : 9053R
Pathfinder Minerals Plc
03 July 2020
3 July 2020
Pathfinder Minerals Plc
("Pathfinder" or the "Company")
Board Changes
&
Conditional Grant of Share Options
Pathfinder is pleased to announce the appointment of Mr. Peter
Taylor as Chief Executive Officer and as a director of the Company
with immediate effect. Dennis Edmonds, the current Chief Executive
Officer, will become Non-executive Chairman of the Company,
replacing Sir Henry Bellingham who has resigned from the board
after more than five years in the role, also with immediate
effect.
Mr Taylor has over thirty years' experience in leading strategic
operations in Africa, Southeast Asia and Europe combined with
transactional expertise in the mining and exploration sector. He
was Chief Operating Officer at former AIM- and TSX:V -listed gold
and iron company, African Aura Mining Inc, during its growth to a
market capitalisation of US$330 million, and subsequently of
Afferro Mining Inc, through to its acquisition by IMIC Plc for
US$200 million. Most recently, Mr. Taylor was Chief Executive
Officer for AIM-listed Alien Metals Ltd.
Further disclosures on Mr. Taylor as required under Schedule
Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies are
included in the appendix below.
Dennis Edmonds, Non-executive Chairman of Pathfinder,
commented:
"Peter has a wealth of relevant experience to bring to bear at
Pathfinder. His qualifications in business and mining transactions,
coupled with hands-on practical experience in operating
environments, brings a knowledge and perspective to the board which
will be invaluable as we work towards achieving a positive
resolution in Mozambique and assess other opportunities being
presented to us.
The Board would like to pay tribute to Sir Henry Bellingham on
his departure, leaving the Board after more than five years as
Chairman. We wish Sir Henry all the best with his other
ventures."
Grant of Share Options
Pathfinder announces that it has, conditional upon the passing
of the requisite shareholder resolutions in due course to permit
the future issuance of shares, agreed to grant 6,000,000 options
over the Company's ordinary shares of 0.1p each to Mr. Taylor.
These options will, when granted, be exercisable at 1.25p per share
and expire two years from the date of the grant. A further
announcement will be made when the condition is satisfied, and the
options have been granted.
Enquiries:
Pathfinder Minerals Plc
Dennis Edmonds, Chairman
Tel. +44 (0)20 7390 0234
Strand Hanson Limited (Nominated & Financial Adviser and
Broker)
James Spinney / Ritchie Balmer / Jack Botros
Tel. +44 (0)20 7409 3494
Vigo Communications (Public Relations)
Ben Simons / Simon Woods
Tel. +44 (0)20 7390 0234
Email. pathfinderminerals@vigocomms.com
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").
Appendix - Appointment of Peter Taylor
Peter Wilson Taylor (age 58) has held the following
directorships and/or partnerships in the past five years:
Current: Past:
Mammoth Mining Ltd Alien Metals Ltd
-----------------------------
Alien Minerals Ltd
-----------------------------
Alien Resources Ltd
-----------------------------
Alien Exploration Ltd
-----------------------------
Arian Silver Corporation (UK)
Ltd
-----------------------------
Arian Silver (Holdings) Ltd
-----------------------------
There is no further information to be disclosed in relation to
Mr. Taylor's appointment pursuant to AIM Rule 17 or Schedule Two,
paragraph (g) (i)-(viii) of the AIM Rules for Companies.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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