30 Nov 2021 07:00
30 November 2021
Ormonde Mining plc
("Ormonde" or the "Company")
Appointment of CEO
Ormonde announces that Brendan McMorrow, who was appointed as a non-executive director of the Company on 30 September 2021, has been appointed Chief Executive Officer ("CEO") with immediate effect.
Mr McMorrow has over 25 years' experience as a senior executive and director of publicly listed natural resources companies and will assist the Company in the identification of new opportunities within the natural resources sector. The position of CEO will be reviewed in the context of the completion of a transaction.
In addition to his position as CEO, Mr McMorrow will continue to act as Company Secretary, and Chair of the Audit Committee and will sit on the Remuneration, Technical, and ESG Committees.
The Company wishes to thank Jonathan Henry, Brendan's predecessor, for his diligent and committed service to the Company over the past two years.
Brian Timmons, Non-Executive Chairman, commented:
"The new Board is acutely aware that shareholders have been waiting a long time for the Company to deliver a return to shareholders and, more recently, to utilise its balance sheet and deliver a strategy creating meaningful shareholder value. Working with Brendan, our priority is to evaluate and execute an opportunity or opportunities whereby Ormonde can leverage its listing and balance sheet to generate shareholder value. We will do this alongside reviewing the Company's existing assets to maximise opportunities therein, while placing a strong emphasis on cash preservation."
Enquiries:
Ormonde Mining plc
Brian Timmons, Non-Executive Chairman
Tel: +353 (0)1 8014184
Vigo Consulting (Investor Relations)
Ben Simons/Charlie Neish
Tel: +44 (0)20 7390 0234
Davy (Nomad, Euronext Growth Advisor and Joint Broker)
John Frain/Barry Murphy
Tel: +353 (0)1 679 6363
SP Angel Corporate Finance LLP (Joint Broker)
Ewan Leggat
Tel: +44 (0)20 3470 0470