Appointment of Director
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
11 November 2019
Vast Resources plc
(“Vast” or the “Company”)
Appointment of Director
The Directors of Vast, the AIM-listed mining company, are pleased to announce the appointment to the Board of Mr Paul Fletcher as Finance Director of the Company with immediate effect.
Paul Fletcher has been Chief Financial Officer of the Company since his appointment on 11 February 2019. Paul has 25 years’ experience working in the commodity and financial services industries. He has held a variety of senior international finance and operational roles in trading, processing, and financial businesses in the US, Europe, and Asia, most recently with Bunge, the US agribusiness and food company, as Global CFO & Controller of Bunge Financial Services, a Bunge group business unit providing financing and risk management solutions, and as Treasury and Trading Product Line Controller. Prior to joining Bunge, Paul held various senior roles within Cargill Inc’s energy business and internal audit, and was also an audit and tax manager at PepsiCo Snacks and audit assistant manager at KPMG in Barcelona.
Roy Tucker, former Finance Director, will continue as Business Director of the Company.
Commenting on the appointment, Andrew Prelea, Chief Executive Officer of the Company said, “I have great pleasure in welcoming Paul to the Board. Paul has demonstrated expertise and commitment to Vast ever since his appointment as Chief Financial Officer and has already made a significant contribution to the Company. I believe that his appointment to the Board will strengthen the Company in this next important phase of the Company’s history.”
The information required by Schedule 2 Paragraph (g) of the AIM Rules for Companies in relation to the appointment of Paul Fletcher is contained below.
For further information, visit www.vastplc.com or please contact:
| Vast Resources plc|
Andrew Prelea (Chief Executive Officer)
+44 (0) 1491 615 232
| Beaumont Cornish - Financial & Nominated Adviser |
+44 (0) 020 7628 3396
| SP Angel Corporate Finance LLP – Broker |
+44 (0) 20 3470 0470
| www.blytheweigh.com |
+44 (0) 20 7138 3204
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (“MAR”).
The information required by Schedule 2 Paragraph (g) of the AIM Rules for Companies in relation to the appointment of Paul Edward Fletcher (aged 53) as Finance Director is as follows:
|Current||Past within 5 years|
|None||Bunge London Ltd|
|Gulf Sugar Procurement Ltd|
|Credit & Trading Company|
|Bunge Global Trading International Ltd|
|Ecoinvest Carbon SA|
|Bunge Emissions Holdings SarL|
Paul Fletcher holds 17,381,437 shares in the Company representing 0.17% of the Company’s issued ordinary share capital (“ISC”) together with Share Appreciation Rights (“SARs”) under the Company’s Share Appreciation Rights Scheme over 9,000,000 shares in the Company with a base price of 0.25p per share, representing 0.09% of the ISC and of which 4,500,000 SARs expire on 3 November 2022 and 4,500,000 SARs expire on 31 March 2023.
Save as disclosed above, there are no further disclosures required to be made in respect of the appointment of Paul Fletcher under Schedule 2(g) or Rule 17 of the AIM Rules for Companies.
Quick facts: Vast Resources PLC
Market Cap: £28.15 m
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...FOR OUR FULL DISCLAIMER CLICK HERE