REG - Asiamet Res Ltd - Board Changes

Asiamet ResourcesAnnouncement

30/10/2023 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231030:nRSd6873Ra&default-theme=true

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 Tbk.  PT XL Axiata
 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 Limited                                    CEO, Asiamet Resources Limited

Email: tony.manini@ (mailto:tony.manini@asiametresources.com) asiametresources
Email: darryn.mcclelland (mailto:darryn.mcclelland@asiametresources.com) @
 (mailto:tony.manini@asiametresources.com) .com                                   (mailto:darryn.mcclelland@asiametresources.com) asiametresources
 (mailto:tony.manini@asiametresources.com)                                        (mailto:darryn.mcclelland@asiametresources.com) .com
                                                                                  (mailto:darryn.mcclelland@asiametresources.com)
 FlowComms Limited                                                                Nominated & Financial Adviser

                                                                                Strand Hanson Limited
 Sasha Sethi

                                                                                James Spinney / James Dance / Rob Patrick
 Telephone: +44 (0) 7891 677 441

                                                                                Telephone: +44 20 7409 3494
 Email: Sasha@flowcomms.com (mailto:Sasha@flowcomms.com)

                                                                                  Email: asiamet@strandhanson.co.uk (mailto:asiamet@strandhanson.co.uk)
 Broker

 Optiva Securities Limited
 Christian Dennis

 Telephone: +44 20 3137 1903

 Email: Christian.Dennis@optivasecurities.com
 (mailto:Christian.Dennis@optivasecurities.com)

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAWPGAAUUPWUQU