Business
Directorate Changes
Directorate Changes.
About this update from Strategic Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 9007D Strategic Minerals PLC 12 July 2016 \n\n12 July 2016\n \nStrategic Minerals plc\n(\"Strategic Minerals\" or the \"Company\")\n \nDirectorate changes - Appointment of UK Director\n \nStrategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral development and production company, is pleased to announce the appointment of Mr Peter Wale as Non-Executive Director, with immediate effect. \n \nMr Wale has over 20 years of diverse investing experience. After obtaining a degree in Business Economics & Accounting at Reading University, Mr. Wale worked in equities trading for both Japanese and American investment firms, including Fidelity Investments, where he was a Pan-European small and mid-cap equities trader. He was most recently a partner and senior equities trader at a global hedge fund, Habrok Capital LLP, which he left in March this year but he remains an active investor.\n \nThe Directors of Strategic Minerals believe that Mr Wale's appointment and experience, particularly as an investor in resources companies, will support the execution of Strategic Minerals' strategy, including its recent involvement in the Redmoor tin/tungsten project in Cornwall. \n \nMr Lyle Hobbs has informed the Board that, due to an escalation of his other business interests and the appointment of Mr Wale, he has decided that it is an opportune time for him to step down from the Board of the Company, with immediate effect.\n \nStrategic Mineral's Managing Director, John Peters, said:\n \nThe Board wishes to thank Mr Hobbs for his contribution to the Company, especially with regard to the re-organisation that he helped institute in 2014. It also wishes to welcome Mr Wale onto the Board and believes that, as our current second largest shareholder and an experienced investor, he will bring considerable commercial and corporate acumen to the Board. \n \nRegulatory disclosures\n \nMr Peter Verdun Wale, aged 46, is or has been a director of the following companies over the past five years:\n \n\n\n\n\nCurrent directorships\n\n\nPast directorships within the last 5 years\n\n\n\n\n· None\n\n\n· Habrok Capital Management LLP\n\n\n\n\n \nMr Wale currently owns 43,864,000 ordinary shares ...