TIDMALBA
RNS Number : 8399H
Alba Mineral Resources PLC
08 December 2020
Alba Mineral Resources plc
("Alba" or the "Company")
Board Changes
Alba Mineral Resources plc (AIM: ALBA) is pleased to announce
the appointment of two new Non-Executive Directors to the Alba
Board with immediate effect.
Elizabeth Henson
Elizabeth Henson was, from 2007-2019, a senior international tax
partner for PricewaterhouseCoopers LLP (PwC), based in London. She
was the Founder and Leader of PwC UK's International Wealth
business and is considered a leader in her field. Elizabeth has an
established and substantial contact base consisting of some of the
wealthiest entrepreneurs and high net worth individuals from the UK
and across the globe.
Elizabeth has a Master of Laws (LLM), Tax, from Queen Mary,
University of London, a Bachelor of Laws (LLB) from Rhodes
University, South Africa and a Bachelor of Art (BA), also from
Rhodes University, South Africa. She was the 2018 Spears Private
Client Accountant of the Year and won the Citywealth Powerwomen
Awards Silver award for Woman of the Year - Leadership (Large,
Institutional) in 2016, 2018 and 2019, among other awards.
Lars Brünner
Lars Brünner was, from 2014 until May 2020, the Arctic Mining
and Environment, Business Development Leader for Golder Associates
A/S, the leading international mining and environmental consultancy
firm.
Lars has been an Environmental Consultant for more than 25
years, during which time he has conducted numerous Environmental
and Social Impact Assessments for a broad range of projects and
developed a wide-ranging expertise in environmental legislation,
natural resource management, monitoring and surveillance
programmes. Much of Lars' work in recent years has been associated
with the mining sector in Greenland.
Lars has an M.Sc. in Biology from the University of Copenhagen,
Denmark.
Manuel Lamboley is stepping down from the Alba Board and will
take up a consultancy role for the Company, advising Alba on access
to European markets and joint venture partners. The Alba Board
extends its sincere gratitude to Manuel for his several years of
service as a director of the Company and looks forward to continued
collaboration on these other projects.
George Frangeskides, Executive Chairman, commented :
"I am delighted to welcome Elizabeth Henson and Lars Br ü nner
to the Alba Board as independent Non-Executive Directors."
"Liz has had a stellar career rising to a very senior position
at one of the world's foremost global accountancy firms. She has a
huge amount of professional experience across a wide range of
sectors and countries. I am certain that her advice and input will
be of huge benefit to the Alba Board as we look to grow the Company
in the coming months and years."
"Lars comes from a senior position at another leading
international consultancy firm. I got to know Lars well during our
2018 field programme at Thule Black Sands, in which he led the
Golder environmental team. Lars has an unrivalled knowledge of
environmental regulation and resource management, and an
exceptional knowledge of Greenland having worked on around 30
projects there in the past decade alone. Environmental compliance
plays an ever increasing role these days in the process of
progressing mineral exploration and development projects through to
commercial exploitation, and with Lars' expert guidance we know
that we are now very well placed to advance our projects both in
Greenland and elsewhere."
"These appointments are indicative of the Alba Board's
determination to keep pushing Alba in the right direction and to
strive for excellence on all levels, both in the quality of our
projects, in our technical work and in the depth of our management
team."
Additional Disclosures
The following information regarding the appointment of Elizabeth
Caroline Henson, aged 61, is disclosed under Schedule 2(g) of the
AIM Rules for Companies:
Current directorships and/or Former directorships and/or
partnerships: partnerships (within the last
five years):
Alchimie GmbH 55 Shepherds Hill Limited
-------------------------------
Chetwynd Road Management Company PriceWaterhouseCoopers LLP
Limited
-------------------------------
Ms Henson does not have any beneficial interest in the ordinary
shares of the Company. As part of her remuneration package, Ms
Henson has been granted share warrants over the Company's ordinary
shares as follows:
(a) 4 million share warrants with an exercise price of GBP0.005
per share expiring on 7 December 2023 which share warrants shall
vest on 8 June 2021; and
(b) a further 4 million share warrants with an exercise price of
GBP0.005 per share expiring on 7 December 2023 which share warrants
shall vest on 8 December 2021,
provided that on each vesting date she is still a director of
the Company and is not under notice.
The following information regarding the appointment of Lars
Brünner, aged 64, is disclosed under Schedule 2(g) of the AIM Rules
for Companies:
Current directorships and/or Former directorships and/or
partnerships: partnerships (within the last
five years):
- -
-------------------------------
Mr Brünner does not have any beneficial interest in the ordinary
shares of the Company. As part of his remuneration package, Mr
Brünner has been granted share warrants over the Company's ordinary
shares as follows:
(a) 4 million share warrants with an exercise price of GBP0.005
per share expiring on 7 December 2023 which share warrants shall
vest on 8 June 2021; and
(b) a further 4 million share warrants with an exercise price of
GBP0.005 per share expiring on 7 December 2023 which share warrants
shall vest on 8 December 2021,
provided that on each vesting date he is still a director of the
Company and is not under notice.
Save as set out above, no further information regarding
Elizabeth Henson or Lars Brünner is required to be disclosed
pursuant to Schedule Two paragraph (g) of the AIM Rules for
Companies.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information, please contact:
Alba Mineral Resources plc
George Frangeskides, Executive Chairman +44 20 3950 0725
Cairn Financial Advisers LLP (Nomad)
James Caithie / Liam Murray +44 20 7213 0880
ETX Capital (Broker)
Thomas Smith +44 20 7392 1494
Alba's Project and Investment Portfolio
Project (commodity) Location Ownership
Mining Projects
Amitsoq (graphite) Greenland 90%
----------- ----------
Clogau (gold) Wales 90%
----------- ----------
Gwynfynydd (gold) Wales 100%
----------- ----------
Inglefield (copper, cobalt,
gold) Greenland 100%
----------- ----------
Limerick (zinc-lead) Ireland 100%
----------- ----------
Melville Bay (iron ore) Greenland 51%
----------- ----------
TBS (ilmenite) Greenland 100%
----------- ----------
Oil & Gas Investments
Brockham (oil) England 5%
----------- ----------
Horse Hill (oil) England 11.765%
----------- ----------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
Notification of a Transaction pursuant to Article 19(1) of Regulation
(EU) No. 596/2014
1 Details of the person discharging managerial responsibilities/person
closely associated
----- ------------------------------------------------------------------------------------------
a. Name a) Elizabeth Henson
b) Lars Br ü nner
----------------------------------- -----------------------------------------------------
2 Reason for notification
----- ----------------------------------- -----------------------------------------------------
a. Position/Status a) Non-Executive Director
b) Non-Executive Director
----------------------------------- -----------------------------------------------------
b. Initial notification/ Initial
Amendment
----------------------------------- -----------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----- ------------------------------------------------------------------------------------------
a. Name Alba Mineral Resources PLC
----------------------------------- -----------------------------------------------------
b. LEI 213800Z1BU53AWR9J329
----------------------------------- -----------------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
----- ------------------------------------------------------------------------------------------
a. Description of Ordinary Shares
the financial
instrument, type
of instrument ISIN: GB00B06KBB18
Identification
Code
----------------------------------- -----------------------------------------------------
b. Nature of the Grant of share warrants at an exercise price
transaction of 0.5 pence
----------------------------------- -----------------------------------------------------
c. Price(s) and volume(s) Volume(s) Exercise Price
(p)
----------------------------------- -----------------------
a) 8,000,000 0.5p
----------------------------------------------------------------- -----------------------
b) 8,000,000 0.5p
----------------------------------------------------------------- -----------------------
d. Aggregated information
- Aggregated Volume
- Price 16,000,000
0.5 pence
-----------------------------------------------------------------------------------------------
e. Date of the transaction 08/12/2020
----------------------------------- -----------------------------------------------------
f. Place of the transaction London Stock Exchange, AIM
----------------------------------- -----------------------------------------------------
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