23 Oct 2014 07:00
BERKELEY MINERAL RESOURCES PLC
("BMR" or "The Company")
Appointment of Chairman
Berkeley Mineral Resources Plc, which is primarily engaged in processing mining tailings at Kabwe, Zambia through its wholly-owned subsidiary Enviro Processing Ltd ("EPL"), is pleased to announce that, following the departure of Mr Masoud Alikhani who resigned from the Board on 17 October 2014 for health reasons, Mr Alex Borrelli has been appointed as Chairman of the Board.
Alex Borrelli, FCA, aged 58, qualified as a chartered accountant with Deloitte, Haskins & Sells, London in 1982. He then moved into investment banking, with Shore Capital, Granville and CCF Laurence Prust, and has acted on a wide variety of corporate transactions in a senior role for over 20 years, including flotations, takeovers, mergers and acquisitions for private and quoted companies (on the Official List, AIM, and PLUS, now ISDX). Alex was, until recently, chairman of Ablon Group Limited, a real estate group with a portfolio valuation of ca EUR400 million in Central Europe (formerly listed on the Main Market, standard segment, of the London Stock Exchange prior to being the subject of a successful cash offer in 2013). He is a non-executive director of a number of listed and unquoted companies including Metal Tiger plc and Prego International Limited.
As Chairman of the Company, Mr Alex Borrelli said:
"I would like to acknowledge the considerable achievement of Masoud Alikhani, my predecessor as Chairman of BMR. Under his stewardship, BMR acquired the impressive resources of lead and zinc at the Kabwe mine and has secured the necessary licences and environmental approvals to allow processing to commence.
"I now look forward to working with Mark Wainwright who has taken the role as Acting Chief Executive Officer and who provides continuity from his years as a non-executive director."
Acting CEO Mark Wainwright commented:
"We welcome Alex as the Company's new Chairman. The technical specifications of the washplant tailings processing plant at Kabwe are currently being finalised by our consultants and the Board is intent in proceeding to production as soon as possible."
Additional information relating to Alex Borelli:
Directorships & Partnerships
Current | Previous |
Metal Tiger Plc | Strategic Minerals Plc |
B W A Group Plc | Nordic Panorama Plc |
Bridge Hall Plc | ABDM Limited |
Metal Horse Limited | Anturion Limited (UK) |
Borrelli Capital Limited | Anturion Limited (Guernsey) |
Natural and Mineral Assets Limited | IAF Corporate Finance LLP |
Prego International Limited | IAF Capital Limited |
BNB Recruitment Solutions Plc | IAF Securities Limited |
| Ablon Group Limited and its subsidiaries: |
| Alamondo Limited |
| Avacero Limited |
| Avidano Limited |
| Bluebeat Limited |
| Bregova Limited |
| Derisa Limited |
| Doresto Limited |
| Gomendo Limited |
| Goranda Limited |
| Istafia Limited |
| Jonvero Limited |
| Leriegos Limited |
| Mesargosa Limited |
| Osmania Limited |
| Pringipo Limited |
| Tunelia Limited |
| Shaheda Limited |
| Volanti Limited |
Alex Borrelli was a director of BNB Recruitment Solutions plc ("BNB") from 5 April 2007 until its liquidation on 25 January 2010. BNB was placed into administration on 29 June 2009 and entered into a creditors' voluntary liquidation on 25 January 2010.
Alex Borrelli was a director of IAF Securities Limited ("IAF") from 1 September 2008 until 18 January 2009. IAF entered into a creditors' voluntary liquidation on 23 March 2009.
No further disclosure is required under Paragraph (g) to Schedule Two of the AIM Rules with respect of Alex Borrelli.
23rd October 2014
For further information:
Berkeley Mineral Resources Plc 020 7408 1181
Mark Wainwright, Acting Chief Executive
WH Ireland Limited 020 7220 1666
Chris Fielding, Head of Corporate Finance
Lothbury Financial Services 020 3440 7620
Michael Padley / Gary Middleton
For further information please see the Company's website at http://www.bmrplc.com
The Directors of Berkeley Mineral Resources Plc accept responsibility for this announcement.
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