Directorate Change
March 10 2006 - 6:34AM
UK Regulatory
RNS Number:6243Z
Marakand Minerals Limited
10 March 2006
Marakand Minerals Limited - Directorate Change, Director's Shareholding
Marakand Minerals Limited ("Marakand" or "the Company") wishes to announce that
following the increased holding in the Company by Oxus Gold plc ("Oxus")
announced on 6 March 2006 that Non-Executive Chairman, Mr. William Trew, has
resigned from the Marakand Board of Directors. Marakand wishes to thank Bill for
his guidance and support over the past 27 months and looks forward to his
continued interest through Oxus, Marakand's major shareholder.
The Company further wishes to advise shareholders that it was notified on 6
March 2006 that the Marakand directors have tendered their Marakand ordinary
shares to Oxus at a ratio of three Marakand shares for one Oxus share (details
are below). The Marakand Board is of the view that the increased ownership of
Marakand by Oxus is in the interest of all the Marakand shareholders.
William Trew - 989,643 ordinary shares representing 0.98% of shares.
Alasdair Stuart - 637,276 ordinary shares representing 0.63% of shares.
Bill Charter - 78,844 ordinary shares representing 0.08% of shares.
For further information please contact:
Marakand Minerals Limited
Alasdair Stuart, CEO Tel: +44 77 3326 0174
Joanna Solino, Investor Relations Officer Tel: +44 20 7907 2000
Buck-Bias Limited
Alex Buck / Nick Bias Tel: +44 79 3274 0452
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOALBLFFQXBXBBF
Marakand Minerals (LSE:MKD)
Historical Stock Chart
From Jun 2024 to Jul 2024
Marakand Minerals (LSE:MKD)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Marakand (London Stock Exchange): 0 recent articles
More Marakand Minerals News Articles