Result of AGM
20 January 2010 - 10:20PM
UK Regulatory
TIDMATH
RNS Number : 8419F
ATH Resources plc
20 January 2010
+-----------------------------------+------------------------------------+
| | 20 January 2010 |
+-----------------------------------+------------------------------------+
ATH Resources plc
("ATH Resources" or "the Group")
Result of AGM
ATH Resources plc (AIM:ATH), one of the UK's largest coal producers, today held
its Annual General Meeting in Leeds at 11am.
All resolutions put to shareholders before the Annual General Meeting were duly
passed.
- Ends -
For further information:
+-------------------------------------------+------------------------+
| ATH Resources plc | |
+-------------------------------------------+------------------------+
| Tom Allchurch, Chief Executive | Tel: +44 (0) 1302 760 |
| | 462 |
+-------------------------------------------+------------------------+
| tom.allchurch@ath.co.uk | www.ath.co.uk |
+-------------------------------------------+------------------------+
+-------------------------------------------+------------------------+
| Seymour Pierce Ltd | |
+-------------------------------------------+------------------------+
| Sarah Jacobs | Tel: +44 (0) 207 107 |
| | 8000 |
+-------------------------------------------+------------------------+
| | www.seymourpierce.com |
+-------------------------------------------+------------------------+
Media enquiries:
+-------------------------------------------+------------------------+
| Abchurch | |
+-------------------------------------------+------------------------+
| George Parker / Mark Dixon | Tel: +44 (0) 20 7398 |
| | 7719 |
+-------------------------------------------+------------------------+
| george.parker@abchurch-group.com | www.abchurch-group.com |
+-------------------------------------------+------------------------+
Notes to Editors
ATH Resources was listed on the AIM market of the London Stock Exchange in June
2004 and operates five surface coal mines in Scotland; Skares Road, Grievehill
and Laigh Glenmuir in East Ayrshire, Glenmuckloch in Dumfries and Galloway and
Muir Dean in Fife. The Group is currently the third largest producer of coal in
the UK producing approximately 2 million tonnes per annum. Coal is used to
generate around a third of the UK's electricity and the Group now holds coal
supply contracts with four of the UK's main electricity generating companies.
In June 2005, having raised GBP18 million by way of an Open Offer, the Group
acquired two new opencast sites, Grievehill and Glenmuckloch in Scotland. The
acquisition increased the Group's reserve base by 160%.
In May 2006, the Group acquired ATH Regeneration a successful coal recovery,
land remediation and regeneration business with a particular focus on colliery
spoil heap reclamation projects. The acquisition, which was earnings enhancing,
allowed ATH Resources to build on its skills as a regenerator of land, whilst
developing strong relationships with key English planning authorities. The
company has been successfully integrated into the Group. The operational
diversification that the acquisition brings to the Group will be a significant
driver of ATH's organic growth going forward both in the UK and overseas and the
business is actively pursuing a number of projects in Australia.
For the 53 week period ended 4 October 2009, the Group achieved turnover of
GBP77.5 million and generated an operating profit of GBP8.6 million.
Further information on ATH Resources can be found at www.ath.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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