Business
Directorate Change
Directorate Change.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n Ariana Resources PLC\n15 March 2007\n\n\n\n 15 March 2007\nAIM: AAU\n\n DIRECTORATE CHANGES\n\n CHANGE OF REGISTERED OFFICE\n\n\nAriana Resources plc ('Ariana' or 'the Company'), the gold exploration company\nfocused on Turkey, announces that Steven Poulton, Chief Executive and a director\nof Ariana, is to step down with immediate effect from the Company, in order to\ndevelop other opportunities outside Turkey. This decision principally reflects\nthe shift in emphasis in Ariana's operations from early-stage regional\nexploration, towards identifying specific prospects in Turkey for drilling and\nresource definition.\n\n\nAs a result of this change in the focus and the subsequent restructuring of the\nBoard, it is expected that the Company will benefit from a reduction in its UK\noverheads without any reduction in its operational capacity.\n\n\nKerim Sener, will become head of operations and Michael Spriggs Executive\nChairman. At the same time, the Board is pleased to announce that it has\nappointed as part time CFO William Payne, Partner of leading UK accountants\nWilkins Kennedy. William will be responsible for overseeing the financial and\nsecretarial functions of the Company, supported by the Company's internal\naccounts department based in Turkey. The registered office of the Company has\nchanged to Bridge House, London Bridge, London, SE1 9QR, United Kingdom with\nimmediate effect.\n\n\nSteven Poulton commented:\n\n'Ariana has made excellent progress in the last three years. The Company has\nestablished an enviable portfolio of gold properties and a first class team in\nTurkey under the excellent stewardship of its exploration director, Kerim Sener.\nRecognising that the next phase of the Company's growth will come from our\nexploration activities, it is an appropriate time for me to step aside. I expect\nAriana's board will deliver significant shareholder value in the years to come\nand I would like to take the opportunity to thank them for the significant\nsupport they have provided.'\n\n\nMichael Spriggs, Chairman, commented:\n\n'Steven, as one of the founding directors of Ariana in 2002, has played a hugely\nimportant role in the development of our business to date. He led the\nnegotiations on the acquisitions we have made and played a key part in\nassembling the impressive range of prospects that now form the core ...