Executive Management Change

RNS Number : 0751V

Metals Exploration PLC

27 October 2010

 



Metals Exploration Plc

(the "Company")

 Executive Management Change

Following the offer for the Company by Solomon Capital Limited (the "Offer") being declared unconditional on 6 September 2010, the Company announces that, with effect from 27 October 2010, Jonathan Beardsworth has stepped down as Managing Director of the Company as contemplated in paragraph 9 of the Independent Director's letter contained in the Offer document.  Mr. Beardsworth will continue to sit on the Board as an Independent Non-Executive Director.

Ian Holzberger, Executive Chairman, said: "The Company thanks Mr. Beardsworth for his contribution as an executive and welcomes him in his capacity as a Non-Executive Director."

Enquiries:

Metals Exploration plc	[phone]
Ian Holzberger	[phone]
Chairman
Westhouse Securities Limited
Tim Feather / Matthew Johnson	[phone]
Conduit PR	[phone]
Edward Portman / Leesa Peters	[phone]

 

END

 

 

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