Alba Mineral Resources PLC AIM Rule 17 Schedule 2(g) Update (5631F)
July 16 2021 - 09:15AM
UK Regulatory
TIDMALBA
RNS Number : 5631F
Alba Mineral Resources PLC
16 July 2021
Alba Mineral Resources plc
("Alba" or the "Company")
AIM Rule 17 Schedule 2(g) Update
Alba Mineral Resources plc (AIM: ALBA) today announces the
following information relating to directors' disclosure under
Schedule Two, paragraph (g) of the AIM Rules for Companies:
Michael Nott, a non-executive director of the Company, was, from
2008 to 2018, a director of a private Hungarian company, Eastmine
KFT, and from 2008 to 2020 a director of another private Hungarian
company, S.Stephan Gold Banyaszati KFT. Both companies were
incorporated to acquire and develop mineral exploration projects in
Hungary.
After a decision was taken by the shareholders of these
companies in about 2017 to terminate the business venture and wind
up the companies, the legal advice obtained was that the most
efficient means of winding up was to proceed by way of dissolution
for failure to submit accounts.
However, the consequence of the failure to submit accounts was a
disqualification for Michael Nott from acquiring interests in
Hungarian businesses or being an executive officer of a company in
Hungary, in the case of S. Stephan Gold Banyaszati KFT for one year
(from January 2020) and in the case of Eastmine KFT for five years
(from September 2018).
Since the dissolution of these companies, Michael Nott has had
no interest in any Hungarian businesses or held any position as a
director or executive officer of any Hungarian companies.
For further information, please contact:
Alba Mineral Resources plc
George Frangeskides, Executive Chairman +44 20 3950 0725
Cairn Financial Advisers LLP (Nomad)
James Caithie / Liam Murray +44 20 7213 0880
ETX Capital (Broker)
Thomas Smith +44 20 7392 1494
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