Last checked at 2 Feb 2011 11:14
Rare Earth Minerals Plc
("REM" or the "Company")
Appointment of Director
REM is pleased to announce the appointment of Adrian Fairbourn to the Board as a non-executive Director with immediate effect.
Adrian began his career as an investment analyst before moving to build and manage the highly successful hedge alternative fund-of-funds operation at Bank of Bermuda, prior to the purchase of the bank by HSBC. For the four years up to 2007 he co-managed a multi-family office in London, responsible for hedge fund investments, direct investments and also asset-raising for co-investment opportunities. He has successfully assisted in over $1billion of structuring, capital and fund raising projects for several private companies and alternative funds. Since starting Exception Capital, Adrian spent two years in Shanghai working on a number of company specific situations and helping lift out the Chinese Private Equity team from Temasek, the Singapore Government Sovereign Wealth Fund, into their own entity from where they raised $950m for their first fund. Now back in London, Adrian is working on a number of opportunities as well as managing the family assets for a high net worth Italian family.
Adrian holds 6,666,667 shares in the Company representing 0.75 per cent of the issued share capital and, conditional on shareholder approval to increase the permitted level of options, will be allocated options over 20 million ordinary shares at an exercise price of 1 pence per share.
Enquiries |
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Rare Earth Minerals plc David Lenigas, Director +44 (0) 440 0640 W.H. Ireland James Joyce +44 (0) 207 220 1666 |
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Adrian Fairbourn- Age 41
Current directorships /Partnerships
Exception Capital LLP
Past directorships held within the last 5 years
Fund Advisors (UK) Limited
Operation Smile United Kingdom
No further information is required to be disclosed in accordance with Schedule 2(g) of the AIM Rules for Companies.