Pembridge Resources plc Appointment of new CEO and Chairman of the Board (0329N)
19 Setembro 2019 - 1:52PM
UK Regulatory
TIDMPERE
RNS Number : 0329N
Pembridge Resources plc
19 September 2019
THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS DEEMED BY THE
COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE EU
MARKET ABUSE REGULATION (596/2014). UPON PUBLICATION OF THE
ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION
IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
19 September 2019
Appointment of new Chief Executive Officer and Chairman of the
Board
London, United Kingdom - Pembridge Resources plc (LSE: PERE)
("Pembridge" or the "Company", and together with its subsidiaries,
the "Group"), is pleased to announce the appointment of Mr Gati
Al-Jebouri as Chief Executive Officer and Chairman of the Board.
The following changes have also occurred with immediate effect:
David Linsley has resigned from his directorship and position as
Chief Executive Officer; and Francis 'Frank' McAllister steps down
as Non-Executive Chairman and remains as a Non-Executive
Director.
Mr Al-Jebouri has 30 years of international operations and
trading experience in the natural resources sector. He has been a
non-executive director of Pembridge since 28th September 2017 and
joins from LUKOIL where he was Managing Director of their 400,000
barrel per day Middle East Upstream operations. Prior to that Mr
Al-Jebouri was CFO and latterly CEO of LITASCO (LUKOIL
International Trading and Supply Company). Prior to Lukoil, Mr
Al-Jebouri was Deputy Minister of Energy for Bulgaria and
Bulgaria's First Deputy Minister of Finance. He has a Civil
Engineering degree from the University of Bristol and is a
Chartered Accountant.
Frank McAllister, Outgoing Non-Executive Chairman of Pembridge
stated:
"David created Pembridge as a Special Purpose Acquisition
Company two years ago and, together with his team around him, has
been a driving force in closing the Minto transaction. We are
grateful for his tireless energy and vision. As Pembridge grows
from a SPAC into an operating company, David has decided that it is
in the best interests of Pembridge to resign so the business can
move forward under a new operations-focused leadership. We welcome
Gati's significant leadership and operational experience, which
will be a great asset to this exciting new chapter of
Pembridge."
Gati Al-Jebouri, Chief Executive Officer and Chairman of the
Board of Pembridge stated:
"I believe in the potential of Pembridge and look forward to
working with our partners Copper Holdings, Cedro Holdings and the
Selkirk First Nations, as well as the team at the Minto mine and my
Board to make a success of the Minto operations and grow this
company into a significant investor within the mining sector.
I would like to extend my thanks to existing investors for their
patience and continuing support. My key priorities now are to have
the Minto mine operational as quickly as possible, and complete
Pembridge's relisting on the London Stock Exchange."
ENDS
The person who arranged for the release of this announcement on
behalf of the Company was Gati Al-Jebouri, Chief Executive Officer
and Chairman of the Board.
NOTES TO EDITORS
About Pembridge Resources plc
Pembridge is a mining company admitted to listing on the
standard segment of the Official List of the FCA and to trading on
the main market for listed securities of the LSE. Minto
Explorations Ltd, a subsidiary of Pembridge, is a British Columbia
incorporated business operating the Minto mine in Yukon,
Canada.
About Minto Explorations Limited
Minto operates the underground copper-gold-silver mine located
in central Yukon, approximately 240 kilometres north of the capital
Whitehorse along the Klondike Highway. In excess of US$350 million
of capital expenditure has been invested into Minto operations
since site construction began in 2006. The Minto mine was in
continuous production between 2007 and 2018, when the mine was
placed onto temporary care and maintenance. Pembridge acquired
Minto from Capstone Mining Corp in June 2019.
Enquiries:
Pembridge Resources plc: +44 (0)20 7917 2968
Gati Al-Jebouri, Chief Executive Officer
Paul Fenby, Chief Financial Officer
Brandon Hill Capital - United Kingdom: +44 (0)20 3463 5016
Jonathan Evans
SI Capital - United Kingdom: +44 (0)14 8341 3500
Nick Emerson
Tavistock Communications - United Kingdom: +44 (0)20 7920 3150
Charles Vivian
Gareth Tredway
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END
BOAGGURCBUPBGQB
(END) Dow Jones Newswires
September 19, 2019 12:52 ET (16:52 GMT)
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