REG - Chesterfield Res PLC - Director/PDMR Shareholding

Chesterfield ResourcesAnnouncement

25/09/2023 07:00

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RNS Number : 4385N  Chesterfield Resources PLC  25 September 2023

 

 

 

 

Chesterfield Resources PLC / EPIC: CHF / Market: LSE / Sector: Mining

 

25 September 2023

CHESTERFIELD RESOURCES PLC

("Chesterfield" or the "Company")

 

The Board of Chesterfield Resources has accepted the resignation of Mr Evgeny
Vrublevskiy with immediate effect. In addition the Board is pleased to
announce the appointment of Mr Kashif Afzal as a non-executive director. These
changes have occurred following the pending sale of Chesterfield shares by
Polymetal, which have been representated by Mr Vrublevskiy on the Board, to
Juniper International FZ LLC, a private investment holding and advisory
company with a particular focus on mining and renewable energy that is based
in the UAE. The final completion of the sale of the shares by Polymetal
remains subject to certain regulatory considerations and it is expected that
formal notification will be issued upon completion of the remaining
formalities.

 

Mr Afzal, is a British businessman based in the UAE, and a graduate of Oxford
University and the professional programme at the Camborne School of Mines. In
addition to Juniper International FZ LLC, Mr Afzal is an advisor to a number
of institutional and family office investors and a Director of Blockbase Asia
and Bosonic Energy.  He will be a welcome addition to the Board of
Chesterfield as his experience and network in the UAE will assist in the
identification and financing of additional opportunities for the company.

 

Ajay Kejriwal, Interim CEO and CFO of Chesterfield, has for some time been a
consultant to Juniper Capital Partners Ltd, a company that is also owned by Mr
Afzal.

 

Chesterfield Executive Chairman Paul Ensor said, "We are grateful for the
support that Chesterfield has received from Polymetal since it became a
shareholder in 2020 and to Mr Vrublevskiy's contribution to the Board and we
wish him well for the future. We are very pleased to welcome Mr Afzal to the
Board at an important time for the Company as it contemplates additional
initiatives."

 

 

 

 

 

 

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed
inside information for the purposes of Article 7 of Regulation (EU) No
596/2014 until the release of this announcement.

 For further information please visit www.chesterfieldresourcesplc.com
(http://www.chesterfieldresourcesplc.com) or contact:

 Chesterfield Resources plc                                  Paul Ensor, Executive Chairman  Tel: +44 (0) 7595 219 011
 First Equity Limited (https://www.brandonhillcapital.com/)  Jason Robertson                 Tel: +44 20 7330 1883

 

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