Pembridge Resources plc Settlement with Former CEO (8570S)
08 Novembro 2019 - 12:16PM
UK Regulatory
TIDMPERE
RNS Number : 8570S
Pembridge Resources plc
08 November 2019
8 November 2019
Settlement with Former CEO
London, United Kingdom - Pembridge Resources plc (LSE: PERE)
("Pembridge" or the "Company") announces that, further to the
changes to its board of directors announced on 19 September 2019,
the Company reached an agreement with its former Chief Executive
Officer, David Linsley, on the terms of his departure from the
Company.
The Company agreed, at the time of his departure, to pay Mr.
Linsley amounts contractually due to him comprising GBP71,000 in
cash, 2,427,806 ordinary shares of nominal value 1 pence each (the
"Shares"), together with a further cash payment of GBP23,702 in
respect of an accrued tax liability and a GBP16,000 contribution
towards his associated legal fees.
The Shares will be issued to Mr. Linsley as soon as practicable
following the Company's re-admission to listing on the standard
segment of the Official List of the UK Financial Conduct Authority
and to trading on the main market for listed securities of London
Stock Exchange plc, work on the documentation relating to which is
progressing.
ENDS
NOTES TO EDITORS
About Pembridge Resources plc
Pembridge is a mining company that is currently suspended from
listing on the standard segment of the Official List of the FCA and
trading on the main market for listed securities of London Stock
Exchange plc. Minto, a subsidiary of Pembridge, is a British
Columbia incorporated business operating the Minto mine in Yukon,
Canada.
Enquiries:
Pembridge Resources plc: +44 (0)20 7917 2968
Gati Al-Jebouri, Chief Executive Officer and Chairman of the
Board
Paul Fenby, Chief Financial Officer
Thomas Horton, Vice President Corporate Development
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
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(END) Dow Jones Newswires
November 08, 2019 10:16 ET (15:16 GMT)
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