Sirius Minerals Plc Executive director appointment (7883V)
February 02 2017 - 2:00AM
UK Regulatory
TIDMSXX
RNS Number : 7883V
Sirius Minerals Plc
02 February 2017
2 February 2017
Sirius Minerals Plc
Executive director appointment
Sirius Minerals Plc ("Sirius" or the "Company") announces the
appointment of Thomas Staley to the Board as Finance Director.
Thomas Jay Staley, 36, has been with the Company since October
2014, initially as Corporate Development Director and since 10
December 2014 as the Company's Chief Financial Officer ("CFO").
Thomas is responsible for leading the Company's finance team,
including in relation to the Stage 1 financing, the results of
which were announced on 3 November 2016. Thomas has over ten years
of experience developing and financing energy, resource and
infrastructure projects across a range of international markets.
His core competency is structuring commercial arrangements and
financing projects utilising a wide range of capital including
project and export credit backed debt, mezzanine debt and
equity.
During his career prior to joining the Company Thomas has worked
for Origin Energy and Babcock & Brown in Australia and Mubadala
Development Company in Abu Dhabi. In addition to his broad
financing experience, he was previously responsible for the
financial and governance oversight of Origin Energy's portfolio of
International Development projects.
Russell Scrimshaw, Chairman of Sirius said:
"On behalf of the directors we would like to welcome Thomas to
the board. Thomas has demonstrated his strong capabilities as CFO
over the last two years but especially in the delivery of the
Company's Stage 1 financing. His financing and governance
experience with projects over his career brings valuable experience
and we are delighted to add him to our board."
He currently holds no other directorships and has a beneficial
interest in 572,400 ordinary shares in the Company representing
0.01% of the issued share capital of the Company. In addition to
this Thomas has 3,086,944 options over ordinary shares in the
Company at an exercise price of 29.2p and the contractual right to
2,000,000 ordinary shares, 1 million of which have vested, which
become issuable on the achievement of certain milestones and
conditions.
There is no further information regarding Thomas Staley that is
required to be disclosed under Schedule Two, paragraph (g)
(i)-(viii) of the AIM Rules for Companies.
Regulatory information
For the purposes of MAR and Article 2 of Commission Implementing
Regulation (EU) 2016/1055, this announcement is being made on
behalf of the Company by Gareth Edmunds, External Affairs
Director.
For further information, please contact:
Sirius Minerals Plc Tristan Pottas
Investor Relations Email: ir@siriusminerals.com Tel: +44 845
Manager 524 0247
------------------------- ------------------------------ ---------------
Joint Brokers
Liberum Capital Limited Neil Elliot, Tel: +44 20
(NOMAD) Clayton Bush, 3100 2222
Jill Li
J.P. Morgan Cazenove Ben Davies, Jamie Tel: +44 20
Riddell 7742 4000
WH Ireland Adrian Hadden Tel: +44 20
7220 1666
------------------------- ------------------------------ ---------------
Media Enquiries Jos Simson, Mike Tel: +44 20
Tavistock Bartlett, 7920 3150
Emily Fenton
------------------------- ------------------------------ ---------------
About Sirius Minerals Plc
Sirius Minerals Plc is the fertilizer development company
focused on the construction and development of its North Yorkshire
polyhalite project in the United Kingdom. It believes the Project
represents the world's largest high-grade known deposit of
polyhalite, a multi-nutrient form of potash containing potassium,
sulphur, magnesium and calcium. Incorporated in 2003, Sirius
Minerals' shares are traded on the London Stock Exchange's AIM
market (AIM: SXX). Its shares are also traded in the United States
on the OTCQX through a sponsored ADR facility. Further information
on the Company can be found at: www.siriusminerals.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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