Berkeley Energia Limited Strategy and Management Changes (2009F)
11 July 2019 - 4:00PM
UK Regulatory
TIDMBKY
RNS Number : 2009F
Berkeley Energia Limited
11 July 2019
BERKELEY ENERGIA LIMITED
NEWS RELEASE | 11 July 2019
Strategy and Management Changes
Berkeley Energia Limited ("Berkeley Energia" or "the Company")
advises that Mr Paul Atherley has resigned as Managing Director and
CEO of the Company to concentrate on his other investments in the
resource sector.
Mr Atherley has been Managing Director and CEO of Berkeley
Energia since June 2015 and has been instrumental in its growth and
development.
During his tenure the Company has significantly advanced the
approvals for the development of the Salamanca mine up until the
recent change in Government.
Despite the ongoing very low uranium price, Mr Atherley has led
several highly successful financings which have placed the Company
in a very strong financial position. He also led the listing on the
Spanish stock exchanges which has resulted in over 30% of the
Company's shares being held in Spain.
Mr Paul Atherley commented: "It has been a great pleasure to
work with the very talented team in Spain over the past few years
and it makes enormous sense to capitalise on the growing interest
in the Company in Spain where it is now firmly established as the
only listed mining company in the birthplace of Rio Tinto and
modern mining as we know it today."
The board would like to take this opportunity to thank Mr
Atherley for his very significant contribution to the Company and
to wish him well in his future business endeavours.
The Company's focus continues to be on progressing the approvals
required to commence construction of the Salamanca mine and bring
it into production, as well as advancing the recently announced
battery and EV metals exploration strategy.
The Company will however now set up its head office in Madrid
and ultimately seek to recruit a suitably qualified Spanish
National for the Managing Director and CEO role. Following on from
the Company's successful listing on the Spanish Stock Exchanges in
2018, these initiatives are aimed at further enhancing the
Company's strong engagement with its key stakeholders in Spain.
While the recruitment process for a suitable candidate for the
Managing Director and CEO position takes place, Mr Robert Behets,
Non-Executive Director, will assume the role of Acting Managing
Director, with immediate effect, and will be assisted in Spain by
Mr Francisco Bellón, the Company's Chief Operations Officer.
Mr Behets, a geologist with 30 years' experience in the mineral
exploration and mining industry, has been a Non-Executive Director
of the Company since 2012. He has extensive uranium sector
experience and has previously spent considerable time in Spain
providing technical and managerial support to the Salamanca project
team.
Mr Bellón will continue to manage the Company's day to day
operations and now take a lead role in its stakeholder engagement
activities in Spain.
Mr Behets will provide his services to the Company under a
services agreement with Berkeley as disclosed in the latest Annual
Report.
For further information please contact:
Berkeley Energia Limited
Robert Behets, Acting Managing Director +61 8 9322 6322
Sean Wade, Chief Commercial Officer +44 203 903 1930
info@berkeleyenergia.com
Berenberg (Joint Broker) +44 203 207 7800
Matthew Armitt
Detlir Elezi
Tamesis Partners (Joint Broker) +44 203 882 2868
Charles Bendon
Richard Greenfield
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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