REG - SigmaRoc PLC - CFO Succession

SigmarocAnnouncement

12/12/2024 07:00

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RNS Number : 7349P  SigmaRoc PLC  12 December 2024

12 December 2024

 

 

SIGMAROC PLC

('SigmaRoc', the 'Group' or the 'Company')

 

CFO Succession

 

Further to the announcement dated 30 July 2024, SigmaRoc, a leading European
lime and minerals group, is pleased to provide an update on the CFO Succession
process.

 

Jan van Beek, the Company's Deputy Chief Financial Officer, will be appointed
as Chief Financial Officer and a Director of the Company on 1 January 2025.
Garth Palmer will step down from his role as Chief Financial Officer and as a
Director of the Company on 31 December 2024, having successfully facilitated
an orderly handover to Jan over the last number of months.

 

Chairman, David Barrett, on behalf of the SigmaRoc Board, added:

 

"We would like to thank Garth for his dedication to the Group over the last
eight years. Without his tenacity, professionalism, rigour and Australian no
nonsense approach, this Group would not have been able to deliver what it has
to date. We will be sad to see Garth depart and wish him the very best for the
future.

 

"We also congratulate Jan, who joined in May, on his upcoming appointment as
CFO of the Group. Jan was selected following a rigorous external search
process involving the Group's nominations Committee and its founders. Jan
brings a wealth of experience and above all the can-do attitude which this
Group so much appreciates in its key team members. We look forward to
continuing the journey with Jan."

 

Information on the Company is available on its website, www.sigmaroc.com
(http://www.sigmaroc.com) .

 

 

For further information, please contact:

 

 SigmaRoc plc                                           Tel: +44 (0) 207 002 1080

 Max Vermorken (Chief Executive Officer)

 Garth Palmer (Chief Financial Officer)                 ir@sigmaroc.com (mailto:ir@sigmaroc.com)

 Tom Jenkins (Head of Investor Relations)

 Panmure Liberum (Nomad and Co-Broker)                  Tel: +44 (0) 203 100 2000

 Scott Mathieson / John More / Dru Danford

 Deutsche Numis (Co-Broker)                             Tel: +44 (0) 20 7260 1000

 Richard Thomas / Hannah Boros

 Teneo (Public Relations)                               Tel: +44 (0) 207 353 4200 (tel:+442073534200)

 Olivia Peters / Harry Cameron / Camilla Cunningham

 

About SigmaRoc

SigmaRoc is a quoted European lime and minerals Group.

Lime and limestone are key resources in the transition to a more sustainable
economy. New applications for lime and limestone products as part of a drive
for sustainability include the production and recycling of lithium batteries,
the decarbonisation of construction including through substitution of
cementitious material and new building materials, and environmental
applications including lake liming, air pollution and direct air capture.

SigmaRoc invests in and acquires businesses in the lime and minerals sector.
The principal activity of the Group is the production of lime and minerals
products. The Group's aim is to create value for shareholders through the
successful execution of its strategy in the lime and minerals sector.

 

The Group seeks to acquire high quality and well managed quarried materials
assets in the lime and minerals sector, which provide a strong operating
platform, diversified income streams and stable cash flows in order to grow
the Group.

 

SigmaRoc seeks to create value by purchasing assets in fragmented markets and
extracting efficiencies through active management and by forming the assets
into larger groups. It seeks to de- risk its investments through the selection
of projects with strong asset backing. The Group seeks to implement
operational efficiencies that improve safety, enhance productivity, increase
profitability and ultimately create value for Shareholders.

 

 

Further information on Jan van Beek

 

In accordance with Schedule 2 (g) of the AIM Rules for Companies, Jan van
Beek, aged 54, is, or has been, a director or partner of the following
companies or partnerships during the last 5 years:

 

Current Directorships

 

Stream Beheer BV

 

Former Directorships

 

Westlake Epoxy BV

Westlake Epoxy Holding BV

 

Jan currently holds 92,000 ordinary shares of 1 pence each in the capital of
the Company.

 

 

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