Asiamet Resources Limited Board Changes (6873R)
30 October 2023 - 6:05PM
UK Regulatory
TIDMARS
RNS Number : 6873R
Asiamet Resources Limited
30 October 2023
30 October 2023
Board Changes
Asiamet Resources Limited ("Asiamet" or the "Company") is
pleased to announce the following changes to its Board of Directors
with immediate effect:
-- Appointment of Mr Peter Chambers as a Non-Executive Director
-- Retirement of Dr Peter Pollard as a Non-Executive Director
Mr Chambers has over 25 years of experience primarily in
finance, telecommunications and investment oversight. Mr Chambers
is a representative of Asiamet's largest shareholder, PT Delta
Dunia Makmur Tkb (DOID). He holds the position of commissioner with
DOID and its mining services company PT Bukit Makmur Mandiri Utama
(BUMA). Mr Chambers also holds various non-executive director
positions as disclosed in the table below and is a member of
several the audit committees of the companies he is either a
director of, or involved with. Mr Chambers was a director of PT
Agincourt Resources, owner of the Martabe Gold Mine, located in
North Sumatra, Indonesia, and an advisor to private equity firms
Farallon Capital and Tiga Investments.
With an in-depth understanding of the financial and regulatory
environment in Indonesia, Mr Chambers' experience enhances the
finance and governance capability of the Asiamet Board.
Mr Chambers holds a Bachelor of Finance and Accounting degree
from RMIT, Melbourne.
Dr Peter Pollard has retired from the Asiamet Board. Dr Pollard
was Chairman and Director of Asiamet's predecessor company,
Kalimantan Gold Corporation from July 2013 and Chairman of Asiamet
until February 2017. Dr Pollard was the Chairman of the Company's
Audit and Risk Committee. The Company's Audit and Risk Committee
will be expanded to three members with experience across legal,
regulation and permitting (Eva Armila), commercial, accounting and
finance (Peter Chambers) and operations (Dominic Heaton) and will
be chaired by Mr Peter Chambers.
Tony Manini, Executive Chairman of Asiamet, commented:
"We are pleased to have Peter Chambers join the Asiamet board as
a Non-Executive Director at this important time for the Company.
Peter brings a strong background in the finance and commercial
areas and extensive experience in accounting and audit gained
across a range of industries including several companies operating
in the Indonesian mining sector.
Having previously worked with Peter on the board of PT Agincourt
Resources during EMR Capital's ownership of the Martabe gold mine,
I am looking forward to his insightful strategic, commercial and
financial contributions as we advance the BKM copper project into
production and grow the Asiamet business.
On behalf of the Company, I would also like to thank Peter
Pollard for his highly valuable input at the Board level over a
long period of time and for his Chairmanship of the Company's Audit
and Risk committee".
Further Information on Mr Chambers' Appointment:
The following details in relation to the appointment of Mr Peter
Chambers are disclosed in accordance with AIM Rule 17 and Schedule
2(g) of the AIM Rules.
Peter John Chambers (aged 67) has held the following
directorships in the past five years:
Current Directorships / Partnerships Directorships / Partnerships held
within the past five years
PT Siloam International Hospitals PT XL Axiata
Tbk.
----------------------------------
PT Delta Dunia Makmur Tbk. PT Agincourt Resources
----------------------------------
PT Bukit Makmur Mandiri Utama PT Kredit Pintar
----------------------------------
PT SR Labs
----------------------------------
Indo Mines Ltd
----------------------------------
Sapex Pty Limited
----------------------------------
PT Nusantara Turbin & Propulsi
----------------------------------
As at the date of this announcement, Mr Chambers does not hold
any shares either directly or indirectly in the Company.
There is no further information to be disclosed in relation to
Mr Chambers appointment pursuant to AIM Rule 17 or Schedule Two,
paragraph (g) (i)-(viii) of the AIM Rules for Companies.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 as it forms part of
United Kingdom domestic law by virtue of the European Union
(Withdrawal) Act 2018, as amended by virtue of the Market Abuse
(Amendment) (EU Exit) Regulations 2019.
ON BEHALF OF THE BOARD OF DIRECTORS
Tony Manini, Executive Chairman
-Ends-
For further information, please contact:
Tony Manini Darryn McClelland
Executive Chairman, Asiamet Resources CEO, Asiamet Resources Limited
Limited Email: darryn.mcclelland @ asiametresources
Email: tony.manini@ asiametresources .com
.com
FlowComms Limited Nominated & Financial Adviser
Sasha Sethi Strand Hanson Limited
Telephone: +44 (0) 7891 677 441 James Spinney / James Dance / Rob
Email: Sasha@flowcomms.com Patrick
Telephone: +44 20 7409 3494
Email: asiamet@strandhanson.co.uk
Broker
Optiva Securities Limited
Christian Dennis
Telephone: +44 20 3137 1903
Email: Christian.Dennis@optivasecurities.com
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END
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