9 Oct 2015 08:42
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
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Age: | 55
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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
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Previous Directorships / Partnerships in the last 5 years: | LME Ltd LME Holdings LCH Clearnet Group LCH Clearnet S.A.
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Current Shareholding in the Company: | None
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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.