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2 May 2017 07:00
Asa Resource Group plc("Asa Resource", "the Group" or "the Company")
Board appointment
The Board of Asa Resource Group plc is pleased to announce the appointment of Mr. Ian Barry Dearing as a new executive director with immediate effect.
Ian Barry Dearing, aged 69, has been a solicitor of the Supreme Court since 1971 and was granted faculty as a Notary Public in 1984. He specialises in civil litigation and company law. He has represented several public and private companies and has been Legal Advisor and Company Secretary of Asa Resource since 30 September 2016.
Confirming the appointment, Mr Murangari, non-executive Chairman said "Barry has been an outstanding ambassador for the Company. In his capacity as Company Secretary and Legal Advisor, he has been leading the enquiry into recent allegations - shareholders couldn't ask for a more suitable candidate to uphold corporate governance.
Barry has also been engaging with management, workers councils and officials in Zimbabwe throughout this challenging period and assisting in normalising conditions for sound operations."
The Board is working closely with senior management and government to reassure its commitment to Zimbabwe and restore confidence to the shareholders.
The following details in relation to the appointment of Mr. Dearing are disclosed in accordance with Schedule 2(g) of the AIM Rules:
Current directorships | Past directorships held within the last five years |
TRDM Limited |
The Cattles Shareholders Association Limited |
BDS Electrical FM Limited | Hibu Shareholders Grouping Limited |
United Historics Limited | Icethaw Salt Supplies Ltd |
Matthew Hall Fire & Engineering Limited | Open Fire Systems Limited |
Riverside Charitable Trust Limited | |
Bespoke Detection Services Limited | |
BJX 4 Limited |
Mr. Dearing was appointed a director of Icethaw Salt Supplies Limited on 11 January 2010 and resigned on 11 March 2014. On 22 April 2014, an administrator was appointed. The estimated deficiency as regards creditors was around £600,000.
Mr. Dearing has an interest in 4,645,967 ordinary shares of 0.1p each of which 2,000,000 are not beneficially owned.
There are no other disclosures in accordance with Schedule 2(g) of the AIM Rules.
Contact
For more information http://www.ww.asaresourcegroup.com/ or contact us below.
London
Asa Resource Group plc
One Fleet Place, London EC4M 7W
Ian B Dearing, Group General Counsel and Company Secretary
Niall Henry, non-Executive Director (Investor Relations)
communications@asaresourcegroup.com
Nominated Adviser and Broker
SP Angel Corporate Finance LLP
Prince Frederick House, 35-39 Maddox Street, London W1S 2PP
John Mackay, Jeff Keating, Caroline Rowe
Tel: +44 (0) 20 3470 0470
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