Board Changes

RNS Number : 0631S

Trident Resources Plc

04 November 2019

 

4 November 2019

Trident Resources Plc

("Trident" or the "Company")

Board Changes

Trident is pleased to announce the appointment of Mark Potter as a non-executive director of the Company with immediate effect. 

Mark Potter, 43, has over 14 years' experience in natural resources investments. Mark currently serves as the Chief Investment Officer of Metal Tiger Plc (AIM: MTR), a natural resources investment company quoted on the AIM market of the London Stock Exchange, and is the Founder and a Partner of Sita Capital Partners LLP, an investment management and advisory firm specialising in investments in the mining industry.  Mark is also a non-executive director of Thor Mining Plc.

Mark was formerly a Director and Chief Investment Officer of Anglo Pacific Group plc, a London listed natural resources royalty company, where he successfully led a turnaround of the business through the acquisition of new royalties, disposal of non-core assets, and successful equity and debt fundraisings.

Prior to Anglo Pacific, Mark was a founding member and Investment Principal for Audley Capital Advisors LLP, a London based activist hedge fund, where he was responsible for managing all UK listed and natural resources investments. Mark worked on several landmark deals in the mining sector, including the successful distressed investment and turnaround of Western Coal Corp and its CAD$3.3bn sale to Walter Energy Inc.

Mark invested over US$300m during the period 2005 to 2012 in the mining sector, realising proceeds of over US$900m on which he generated returns in excess of US$600m. The Audley European Opportunities Fund was nominated by Eurohedge as a top performing hedge fund in the event-driven space for 2006, 2007 and 2010.

Prior to Audley Capital, Mark worked in corporate finance for Salomon Smith Barney (Citigroup) and Dawnay, Day, a private equity and corporate finance advisory boutique during which time he completed over US$2bn of M&A, equity and debt transactions. Mark graduated with an MA degree in Engineering and Management Studies from Trinity College, University of Cambridge.

Mark does not hold any shares in the Company.

Following the appointment of Mark Potter as a non-executive director, Sam Quinn has stepped down from the Company's board of directors. He will continue to act as Trident's Company Secretary.

James Kelly, Non-executive Chairman of Trident said: "I am delighted to welcome Mark to Trident and am extremely pleased that we have secured someone with Mark's wealth of experience for our Board.  The breadth of Mark's industry knowledge, investment track record and access to capital will both complement and enhance the skill set of our Board.  I am very much looking forward to working alongside Mark during this exciting time for the Company as we execute on our strategy.

"I would like to express my gratitude to Sam for his service to the Company, particularly for his assistance in the establishment of the Company, its successful capital raising and listing on the main board of the London Stock Exchange."

**Ends**

Contact details:

Trident Resources Plc Adam Davidson	www.tridentresources.co.uk [phone]
Tamesis Partners LLP Richard Greenfield	www.tamesispartners.com [phone]
Azure Capital Ltd John Toll	www.azurecapital.com.au [phone]
Ashanti Capital Pty Ltd Rob Hamilton	www.ashanticapital.com.au [phone]

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

END

 

 

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