Approach update
July 23 2010 - 3:41AM
UK Regulatory
TIDMATH
RNS Number : 8232P
ATH Resources plc
23 July 2010
+-------------------------------+-------------------------------+
| Press Release | 23 July 2010 |
+-------------------------------+-------------------------------+
ATH Resources plc
("ATH Resources" or "the Group")
Approach update
On 30 June 2010, ATH Resources announced that it had received an approach to
purchase ATH Regeneration, the part of the Group focused on coal recovery, land
remediation and regeneration ("Regen").
The Board is aware that there has been a certain amount of speculation
surrounding the approach and therefore advises that the approach is from a
management team comprising, among others, Tom Allchurch and Steven Beaumont, the
Group's Chief Executive and Group Finance Director respectively. A committee of
independent directors has been appointed to review the approach. If the
approach results in an offer being made for Regen and that offer is accepted,
Alistair Black, Managing Director, would become Chief Executive and
Non-Executive Chairman David Port would assume the role of Executive Chairman.
In addition, during the period of transition, Steven Beaumont would continue as
Group Finance Director to the Group and Tom Allchurch would provide his services
to the Group as a Non-Executive Director.
The Group expects to make a further announcement shortly.
- Ends -
For further information:
+------------------------------------+--------------------------+
| ATH Resources plc | |
+------------------------------------+--------------------------+
| David Port, Non-Executive Chairman | Tel: +44 (0) 7836 693798 |
| | |
+------------------------------------+--------------------------+
+------------------------------------+--------------------------+
| Seymour Pierce Limited | |
+------------------------------------+--------------------------+
| John Cowie | Tel: +44 (0) 207 107 |
| | 8000 |
+------------------------------------+--------------------------+
Media enquiries:
+------------------------------------+--------------------------+
| Abchurch | |
+------------------------------------+--------------------------+
| Sarah Hollins / Mark Dixon | Tel: +44 (0) 20 7398 |
| | 7729 |
+------------------------------------+--------------------------+
| mark.dixon@abchurch-group.com | www.abchurch-group.com |
+------------------------------------+--------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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