AMBR Ambrian

TIDMAMBR

RNS Number : 2206P

Ambrian PLC

29 August 2017

29 August 2017

AMBRIAN PLC

Termination of Employment of Jean-Pierre Conrad as CEO

Ambrian plc ("Ambrian" or the "Company") announces that on 25 August 2017, Mr Jean-Pierre Conrad, the Chief Executive Officer of the Company, was given 3 months' written notice by the Board of Ambrian's wholly-owned subsidiary, Ambrian Metals Limited, terminating his contract of employment with Ambrian Metals Limited with effect from 30 November 2017, in accordance with the provisions of such contract of employment. Mr Conrad was also removed as a director of Ambrian Metals Limited on 25 August 2017. These actions are as a result of the Board of Ambrian having lost confidence in Mr Conrad's ability to lead the Company.

Whilst Mr Conrad remains a director of Ambrian at the current time, his duty to work as the Chief Executive Officer has been released with immediate effect and he has been requested by a majority of the other directors of Ambrian to resign as a director of Ambrian. Mr Conrad's current roles and responsibilities within the Company are being reallocated to other Directors and senior executives.

For further information, please contact:-

 
 Ambrian plc 
 Roger Clegg, COO         +44 (0)20 7634 4785 
 
 Cenkos Securities plc 
 Neil McDonald            +44 (0)131 220 9771 
 Nick Tulloch             +44 (0)131 220 9772 
 

This announcement contains inside information.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 29, 2017 11:31 ET (15:31 GMT)

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