Brief: Chesterfield Resources Appoints CFO Ajay Kejriwal As Interim CEO

Chesterfield Resources

09/08/2022 09:41

Aug 9 (Reuters) - Chesterfield Resources PLC  CHF.L :
    * CORPORATE UPDATE AND APPOINTMENT OF INTERIM CEO
    * AJAY KEJRIWAL IS APPOINTED AS INTERIM CHIEF EXECUTIVE
OFFICER
AND WILL CONTINUE IN HIS DUTIES AS CHIEF FINANCIAL OFFICER
    * KEJRIWAL HAS AGREED TO A REDUCTION IN HIS RENUMERATION AS
HE
INCREASES HIS RESPONSIBILITIES TO COMPANY
    * ONGOING MONTHLY CASH OUTGOINGS ARE EXPECTED TO REDUCE BY
OVER
50% IN MONTHS AHEAD
    * AGGREGATE COMPENSATION OF BOARD HAS BEEN REDUCED BY 50% AS
PART
OF EFFICIENCY DRIVE
    * DOES NOT EXPECT TO UNDERTAKE ANY DILUTIVE EQUITY OFFERINGS
FOR
REMAINDER OF 2022

Source text for Eikon:  ID:nRSI3944Va 
Further company coverage:  CHF.L 

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