Last checked at 18 Jun 2014 07:00
Coalfield Resources plc
Resignation and Appointment of Company Secretary
In accordance with Listing Rule 3.16, Coalfield Resources Plc confirms that Theresa Casey has resigned as Company Secretary.
The Company is pleased to welcome back Geoffrey Mason as Company Secretary with immediate effect. Mr Mason previously assisted Coalfield Resources plc with the successful establishment of the Harworth Estates business in the 2012 restructuring.
-ENDS-
Enquiries
Cardew Group
Anthony Cardew / Tom Horsman T: +44 (0)20 7930 0777
Notes to Editors
Coalfield Resources plc
Coalfield Resources was, until December 2012, the parent company of the UK's largest coal miner, UK Coal. In one of the most complex restructurings in UK corporate history, Coalfield Resources, which was previously known as UK Coal plc, split its operating business into two separate units - property and mining - and gifted 75% of the property business to the trustees of the mining business pension fund. At the same time, in December 2012, it relinquished control of the coal mining operations to an Employee Benefit Trust, retaining only a minority equity stake which ranked behind the debt owed to the pension funds.
Consequent upon this restructuring, Coalfield Resources effectively became a property company through its 24.9% shareholding in Harworth Estates Property Group Limited, the property business it owns jointly with the former mining companies pension fund.
In 2013, the former mining business suffered a major fire at one of its mines which caused a failure and restructuring of that business. Coalfield Resources no longer has any equity interest in the mining business.
Harworth Estates
Harworth Estates is a leading property and development company owning and managing around 31,370 acres across some 200 projects, with consent for 8,000 new homes. It specialises in regenerating coalfields and brownfield land for industrial and commercial opportunities, low carbon energy projects, residential developments and leisure uses.