ORM Ormonde Mining Plc

TIDMORM

RNS Number : 0613B

Ormonde Mining PLC

27 January 2020

27 January 2020

Ormonde Mining plc

("Ormonde" or the "Company")

Publishing of Circular and Proposed Board Changes

Ormonde announces that it has published a circular, notice of extraordinary general meeting and form of proxy ("the Circular"), relating to the proposed disposal of Ormonde's 30% interest in the Barruecopardo Tungsten Mine ("Proposed Disposal"). The Circular has been posted to shareholders today, with a copy of the document to be available shortly on the Company's website www.ormondemining.com, in accordance with the AIM and Euronext Growth Market Rules.

The Extraordinary General Meeting to seek shareholder approval for the Proposed Disposal will be held at the Crowne Plaza Hotel, The Blanchardstown Centre, Blanchardstown, Dublin 15, at 11.00am on Thursday 13 February 2020 (a change from the previously indicated date of 12 February 2020).

As detailed within the Circular, Mr. Michael Donoghue, Chairman and Interim Managing Director, and Mr. John Carroll, non-executive director and Company Secretary, have advised the Board of their intention to retire from the Board and Company as soon as practicable following the completion of the Proposed Disposal.

The process to identify and select new non-executive directors to replace these outgoing directors is already well advanced. The Board intends to announce any nominated new directors ahead of the EGM, with a view to making the new appointments following the completion of the Proposed Disposal to coincide with the retirements of Mr. Donoghue and Mr. Carroll. New director appointees will then be subject to re-election by Shareholders at the next Annual General Meeting of the Company, which will be held at the earliest practicable date.

Also following completion of the Proposed Disposal, the Board intends to appoint Mr. Jonathan Henry, currently a non-executive director of the Company, as Executive Chairman.

Enquiries to:

Ormonde Mining plc

Paul Carroll, Chief Financial Officer

Fraser Gardiner, Chief Operating Officer

Tel: +353 (0)1 8014184

Davy (Nomad, Euronext Growth Advisor and Joint Broker)

John Frain / Barry Murphy

Tel: +353 (0)1 679 6363

SP Angel Corporate Finance LLP (Joint Broker)

Ewan Leggat

Tel: +44 (0)20 3 470 0470

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January 27, 2020 11:39 ET (16:39 GMT)

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