Stratex International PLC Retirement of Chairman (1139Q)
25 November 2016 - 6:00PM
UK Regulatory
TIDMSTI
RNS Number : 1139Q
Stratex International PLC
25 November 2016
Stratex International Plc / Index: AIM / Epic: STI / Sector:
Mining
Stratex International Plc
('Stratex' or 'the Company')
Retirement of Chairman
Stratex International Plc, the AIM-quoted exploration and
development company focused on gold and base metals in West Africa
and Turkey, where it holds a significant interest in a producing
gold mine, announces the retirement of Chairman Christopher Hall
with effect from 31 December 2016. Christopher will be replaced as
Chairman by Peter Addison, the Company's Independent Non-Executive
Director. Peter has been a Director of Stratex since 2008.
Christopher, who joined Stratex in 2008 and was appointed
Chairman in 2011, had been planning to retire in 2017 and,
following the appointment of Marcus Engelbrecht as Chief Executive
in September, on the retirement of founding CEO Bob Foster, he has
decided that the time is now right to step down from the Board.
His successor Peter Addison, who will take over the Chairmanship
on 1 January 2017, commented: "The Board is extremely grateful to
Christopher for his leadership and the valuable contribution he has
made to the success of the Company.".
Peter joined Stratex in 2008 as an experienced non-executive
director and chairman. He was a solicitor and practiced in the City
for over 20 years before joining English Trust, a corporate
advisory bank. Peter specialised in providing corporate finance
advice to a wide range of public companies in the UK and Ireland.
He was previously Chairman of Qualceram Shires plc, a listed Irish
company, and of AIM-quoted SiRViS IT plc.
* * ENDS * *
For further information please visit
www.stratexinternational.com, email info@stratexplc.com, or
contact:
Stratex International Tel: +44 (0)20 7830 9650
Plc
Marcus Engelbrecht / Christopher Hall / Claire
Bay
Grant Thornton UK LLP Tel: +44 (0)20 7383 5100
Philip Secrett / Samantha Harrison / Daniel Bush
Hannam & Partners Tel: +44 (0)20 7907 8500
Neil Passmore/ Andrew
Chubb
Notes to Editors:
Since listing in 2006, Stratex has discovered more than 2.2
million ounces of gold and 7.09 million ounces of silver, as well
as 186,000 tonnes of copper. The Company owns a 45% share of the
Altıntepe gold mine in Turkey. It also owns 14.87% of a copper-gold
project at feasibility stage and an exciting exploration project in
Senegal. With its experienced management team, the Company is
well-placed to advance its existing exploration programmes and is
actively seeking to acquire near or at production assets and
advanced exploration projects.
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOAGMMZMVDNGVZM
(END) Dow Jones Newswires
November 25, 2016 02:00 ET (07:00 GMT)
Stratex (LSE:STI)
Historical Stock Chart
From Apr 2024 to May 2024
Stratex (LSE:STI)
Historical Stock Chart
From May 2023 to May 2024