East West Resources PLC Board Changes (5971A)
February 21 2014 - 2:00AM
UK Regulatory
TIDMEWR
RNS Number : 5971A
East West Resources PLC
21 February 2014
East West Resources Plc
Board Changes
East West Resources Plc ("EWR" or the "Company") is pleased to
announce the appointment of Kevin Lyon and Edward Marlow as
non-executive directors of the Company with immediate effect.
Mr Lyon is a chartered accountant, with over 30 years of
experience in private equity and in senior Director positions in a
number of different companies. He spent approximately 17 years with
the 3i Group, responsible for their core private equity business
across the UK. Mr Lyon was chairman of Smart Metering Systems plc
and Valiant Petroleum plc and non-executive director of Booker
Group plc. He is currently chairman of Mono Global Group, Cutis
Developments and NextEnergy Solar Fund Limited and also serves as
an independent director of DCK Group. He is also a member of the
Institute for Turnaround Professionals and won the Institute of
Directors Scotland, Non-Executive Director of the Year Award in
March 2013.
Mr Marlow was, until July 2011, a Managing Director at Credit
Suisse and was previously Global Head of Coverage for Principal
Investments at HSBC. In September 2007, Mr Marlow founded HSBC's
Principal Investments Africa team having worked and travelled
extensively in Africa for more than 20 years. He has over 10 years
of specific investment and advisory experience in sub-Saharan
Africa with a particular emphasis on natural resources. Mr Marlow
also has considerable experience of the UK and Canadian resource
markets and is currently Chairman of Sanatana Resources Inc (TSX)
and a non-executive director of Thor Explorations Ltd (TSX). He is
also Chief Executive Officer of African Potash Limited, an AIM
listed company. He was formerly on the boards of ESO Uranium Corp
(TSX) and Kopane Diamonds plc (AIM).
The Company also announces that Robert Ashley has resigned his
position as a non-executive director of the Company with immediate
effect. Rob Ashley served as Chief Executive Officer of EWR on an
interim basis from February 2011 until November 2012.
Charles Crick, Chairman of EWR, commented:
"I am delighted to welcome Kevin Lyon and Ed Marlow to the Board
and look forward to working with them in the further development of
the Group and its activities. I also take this opportunity to thank
Rob Ashley for his valuable contribution to the Group over the
years of his involvement with the Company."
For further information, please contact:
East West Resources plc
Roger Clegg +44 207 634 4785
Cenkos Securities
Neil McDonald +44 131 220 9771
In relation to the appointments of Mr Lyon and Mr Marlow, the
Company confirms that there is no further information to be
disclosed under paragraph (g) of Schedule 2 of the AIM Rules for
Companies save as disclosed below:
Full Name: Kevin John Lyon Edward Hammond Rivers
Marlow
Age: 52 50
Current Directorships
* DCK Group Limited * African Potash Limited
* KJ Lyon Associates Ltd * Thor Explorations Inc
* Mono Global Limited * Aldrin Resource Corp
* Mono Global Group Limited * Sanatana Resources Inc
* NextEnergy Solar Fund Limited
Previous Directorships
/ Partnerships * Adelie Holdings Limited * ESO Uranium Corp
in the last
5 years:
* Barney Holdings Limited * Kopane Diamonds plc
* Bezier Acquisitions Limited (June to August 2011, * The New Forests Company
during which the company was sold under a pre-pack
due to underlying financial circumstances prior to
the directorship having commenced)
* Booker Group plc
* Cameron Topco Limited
* David Lloyd Leisure Operations Holdings Limited
(Dissolved 20 May 2013)
* Daybreak Acquisitions Ltd
* Daybreak Holdco Ltd
* Daybreak Midco Ltd
* Java Acquisitions Limited
* Pyle Limited
* Pyrrha Investments Limited
* RBG (Holdings) Limited
* Smart Metering Systems plc
* SouthernPrint (Holdings) Limited
* Valiant Petroleum plc
* Walstead Investments Limited
* Whittard and Company Limited (put into administration
on 23 December 2008, dissolved 09 June 2009, due to
Icelandic financial crisis)
* Wyndeham Press Group Limited
Notes to Editors
EWR is primarily active in the physical trading of base metals
(primarily copper). It sources and supplies a variety of
commodities to end users all over the world. Supported by its
offices in London, Shanghai and a network of agents in North and
South America, Asia and the Middle East, EWR provides producers and
consumers with its marketing insight whilst emphasizing the
financing and risk management aspect of its trading activities. EWR
also holds and manages a number of equity investments. EWR is
quoted on the AIM section of the London Stock Exchange under the
ticker symbol EWR.
Further information on East West Resources plc is available on
the Company's website: www.ewrplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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