ALTYNGOLD PLC: Directorate change
("AltynGold" or the "Company")
Statement regarding situation in Kazakhstan
AltynGold establishes Environmental, Social and Governance
AltynGold ("Altyn" or the "Company") today announces the
establishment of an Environmental, Social and Governance (ESG)
Committee. The new committee will focus on developing AltynGold's
ESG strategy and ensuring compliance with ESG principles to support
the achievement of the Company's sustainability goals.
The ESG Committee will be chaired by Vladimir Shkolnik, a
non-executive director on AltynGold's Board of Directors since
2017. Maryam Buribayeva has been appointed as a non-executive
director she has extensive experience in finance, and was elected
Deputy Chairman of the committee.
Reducing its environmental footprint has always been one of the
key business objectives for the Company. Thanks to modern equipment
and environmentally friendly technologies, in just four years, the
AltynGold team has managed to reduce total greenhouse gas emissions
by 35.5%; energy and water consumption by 50.3% and 26.7%
respectively, and waste generation by 33.6%.
AltynGold today has also appointed Andrew Terry, a certified UK
lawyer specialising in international corporate and individual tax
regulation, to the Board of Directors as a non-executive director.
Thomas Gallagher will step down as non-executive director.
Aidar Assaubayev, CEO of AltynGold, said:
"ESG issues have always been a key area of focus for AltynGold,
along with our financial and operational results. As the global ESG
landscape continues to evolve, our new ESG Committee will ensure
that we continue to follow best global practice and to meet and
exceed investor expectations for our non-financial performance.
I would also like to welcome Andrew Terry and Maryam Buribayeva
as our new non-executive directors, and to thank Thomas Gallagher
for his contributions to AltynGold's success during his time on the
Vladimir Shkolnik is a key expert on alternative energy. He is
actively involved in the research and promotion of renewable energy
sources in Kazakhstan. He has held several high-profile positions
in Kazakhstan's government including Minister of Energy of
Kazakhstan. An academic with a doctorate in physics, Vladimir
Shkolnik has written a number of papers and books on topics
including energy and natural resources.
Maryam Buribayeva is a finance professional with extensive
experience and industry expertise gained while working for such
companies as North Caspian Operating Company, KazMunayGaz and
Mercury Properties. A graduate of KIMEP University in Almaty,
Maryam also holds an MSc in International Accounting and Finance
from Cass Business School in London.
Andrew Terry is an English-qualified solicitor specialising in
international corporate and personal taxation issues with a focus
on clients from Kazakhstan, Russia, Ukraine, Georgia and
Kyrgyzstan. He has extensive experience in setting up international
holdings ahead of IPOs, debt finance transactions, private equity
investments and trade sales. Andrew Terry currently practices as a
tax partner at Keystone Law in London and is a member of the
advisory board at Amber Lion Partners in Zurich.
For further information please contact:
+44 (0) 203 432 3198
The 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.
Information on the Company
AltynGold Plc (LSE:ALTN) is an exploration and development
company, which is listed on the main market segment of the London
To read more about AltynGold Plc please visit our website
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SOURCE: AltynGold Plc
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