Business
Board Changes
Board Changes.
About this update from Strategic Minerals Plc
[{"type":"text","content":"\n\n \nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018.\n \n19 August 2024\n \nStrategic Minerals plc\n(\"Strategic Minerals\", \"SML\" or the \"Company\")\nBoard Changes\n \nStrategic Minerals plc (AIM: SML; USOTC: SMCDY), a producing mineral company, is pleased to update shareholders on proposed changes to Board composition.\nThe Company intends to appoint both Mr Charles Manners and Mr Mark Burnett to the Board of SML, subject to the completion of regulatory due diligence. Mr Manners is the beneficial holder of approximately 4.8% of the Company's issued share capital and Mr Burnett, of RAB Capital, represents Philip Richards who holds approximately 4% of the Company's issued share capital.\nMr Manners has been the largest shareholder in SML for a number of years. He worked in Investment Banking from 1985 until 2009, latterly as a Senior Managing Director and Head of Fixed Income Sales at Nomura International PLC. From 2009 to 2016, he was a co-founder and partner in an advisory firm, focussed on tailored structured solutions. He was a Non-Executive Director of Asset Trust Housing Association Limited, a regulated provider of affordable shared ownership housing, and is a Director and Chairman of the Board of Campden Charities. In addition, he is an extensive investor, focussed primarily on natural resources , healthcare and real estate.\nMr Burnett is Director of Mining Investments at RAB Capital, a leading mining specialist investor in London, with over 10 years investing and corporate finance experience in extractive industries across North America, Australia and Europe. He is Interim-Chair of a critical metals company operating in Africa and a Non-Executive Director of a critical metals company operating in the USA.\nWith these two proposed appointments, the Board has decided not to proceed with the appointment of of Mr. Jonathan (Jon) Reynolds as a Non-Executive Director of the Company, as announced on 16 July 2024.\nIt is the Board's intention that, once appointed, Charles Manners will be appointed Chairman of SML.\n \nJohn Peters, Managing Director of Stra...