LONDON (Alliance News) - Sovereign Mines of Africa PLC said Finance Director Nathan Steinberg retired by rotation at the company's annual general meeting on Wednesday and did not seek to be re-elected.
The gold mining exploration company added that all resolutions at the meeting were passed.
In a separate statement, Sovereign Mines said it redeemed the 310.9 million deferred shares which were created as a result of the sub-division in June last year, for 100 pence.
Shares in Sovereign Mines were trading down 20% at 0.220p on Wednesday afternoon.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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