REG - Ormonde Mining PLC - Appointment of CEO

Ormonde MiningAnnouncement

30/11/2021 07:00

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RNS Number : 9516T  Ormonde Mining PLC  30 November 2021

30 November 2021

 

Ormonde Mining plc

("Ormonde" or the "Company")

 

Appointment of CEO

 

Ormonde announces that Brendan McMorrow, who was appointed as a non-executive
director of the Company on 30 September 2021, has been appointed Chief
Executive Officer ("CEO") with immediate effect.

 

Mr McMorrow has over 25 years' experience as a senior executive and director
of publicly listed natural resources companies and will assist the Company in
the identification of new opportunities within the natural resources sector.
The position of CEO will be reviewed in the context of the completion of a
transaction.

 

In addition to his position as CEO, Mr McMorrow will continue to act as
Company Secretary, and Chair of the Audit Committee and will sit on the
Remuneration, Technical, and ESG Committees.

 

The Company wishes to thank Jonathan Henry, Brendan's predecessor, for his
diligent and committed service to the Company over the past two years.

 

Brian Timmons, Non-Executive Chairman, commented:

 

"The new Board is acutely aware that shareholders have been waiting a long
time for the Company to deliver a return to shareholders and, more recently,
to utilise its balance sheet and deliver a strategy creating meaningful
shareholder value. Working with Brendan, our priority is to evaluate and
execute an opportunity or opportunities whereby Ormonde can leverage its
listing and balance sheet to generate shareholder value. We will do this
alongside reviewing the Company's existing assets to maximise opportunities
therein, while placing a strong emphasis on cash preservation."

 

Enquiries:

 

Ormonde Mining plc

Brian Timmons, Non-Executive Chairman

Tel: +353 (0)1 8014184

 

Vigo Consulting (Investor Relations)

Ben Simons/Charlie Neish

Tel: +44 (0)20 7390 0234

 

Davy (Nomad, Euronext Growth Advisor and Joint Broker)

John Frain/Barry Murphy

Tel: +353 (0)1 679 6363

 

SP Angel Corporate Finance LLP (Joint Broker)

Ewan Leggat

Tel: +44 (0)20 3470 0470

 

 

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