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Board Appointment

9 Oct 2015 08:42

RNS Number : 7818B
Ambrian PLC
09 October 2015
 



Ambrian plc

 

("Ambrian" or the "Company")

 

Board Appointment

 

Ambrian plc (AIM: AMBR) is pleased to announce the appointment of Martin Abbott as a non-executive director of the Company with immediate effect.

 

Mr. Abbott served as the Chief Executive Officer of the London Metal Exchange from 2006 until 2013, leading the company through its successful US$2.2 billion takeover by Hong Kong Stock Exchanges & Clearing Group. He has also served as Editor-In-Chief of Metal Bulletin Plc, a London-listed publishing and events company, between 2001 and 2006 prior to its £221 million acquisition by Euromoney.

 

Robert Adair, Chairman of Ambrian, commented:

 

"I am very pleased to welcome Martin to the board following our recent successful fundraising. We believe that his wide experience in the metals industry will be a great benefit to Ambrian. In addition, to further strengthen our board we expect to announce a second appointment shortly".

 

Enquiries

 

Ambrian plc

Roger Clegg

+ 44 (0)20 7634 4700

Cenkos Securities plc

Neil McDonald

+ 44 (0)20 7397 8900

Nick Tulloch

 

Other Information

 

In relation to the appointment of Mr Abbot, the Company confirms that there is no further information to be disclosed under paragraph (g) of Schedule 2 of the AIM Rules for Companies save as disclosed below:

 

Full Name:

Martin Gary Abbott

 

Age:

55

 

Current Directorships / Partnerships in the last 5 years:

TSF Derivatives Limited

Trad-X (UK) Limited

Tradition (UK) Limited

Tradition Financial Services Limited

Mitsui Bussan Commodities Limited

 

Previous Directorships / Partnerships in the last 5 years:

LME Ltd

LME Holdings

LCH Clearnet Group

LCH Clearnet S.A.

 

Current Shareholding in the Company:

None

 

 

Notes to Editors

 

Ambrian is active in the physical trading of industrial metals and minerals. It sources and supplies a variety of commodities to end users all over the world. Supported by its offices in London, Shanghai, Taiwan, Singapore and a network of agents in North and South America, Asia and the Middle East, Ambrian provides producers and consumers with its marketing insight whilst emphasizing the financing and risk management aspect of its trading and logistic activities. Ambrian is also active in the cement business through its majority interest in a clinker grinding facility in Mozambique. Ambrian is quoted on the AIM market of the London Stock Exchange under the ticker symbol AMBR.

 

Further information on the Group is available on the Company's website: www.ambrian.com or the website of Cimentos da Beira Lda: www.cdb.co.mz.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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