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Result of AGM & Appointment of Non Exec Chairman

18th Dec 2009 09:40

RNS Number : 3649E
China Goldmines PLC
18 December 2009
 



China Goldmines plc ('the Company')

Result of AGM and Appointment of UK based non executive chairman

At the AGM held earlier today the Company withdrew resolutions 6,7 & 8 concerning the re-appointment of Clive Donner and Evan Kirby and the proposed investing policy. All other resolutions were passed.

At the meeting it was announced that Robert Adair has been appointed independent non-executive chairman of the Company with immediate effect.

Welcoming Mr Adair to the Board Frank Vanspeybroeck, CEO, commented: "Robert Adair brings significant UK plc experience to China Goldmines. In our circular to shareholders in September this year we set out our intention to appoint a senior UK based non executive to the Board. We look forward to the opportunity of working with Robert and drawing on his experience as we endeavour to take the Company forward."

Mr Adair commented: "I am aware that a significant proportion of the shareholders wish the Company to come forward with a credible business acquisition or to return funds to shareholders. I look forward to working with my Board colleagues to deliver a strategy aligned to shareholders' needs".

The Board intends to appoint a further independent UK based non executive director in the near future. The Board will also move forward with an investing policy that will be aligned to shareholders' needs.

For further information, call:

China Goldmines plc

Frank Vanspeybroeck (CEO)

+86 845 38531

Marinko Vidovich (CFO)

+61 8 6216 5200

Brewin Dolphin Ltd (Nomad)

Alex Dewar

(Nominated Adviser)

+44 131 529 0276

Threadneedle Communications 

Laurence Read/Beth Harris

+44 (0)20 7653 9855

Information required to be disclosed pursuant to Rule 17 and Schedule 2 paragraph (g) of the AIM Rules.

Mr. Adair is a beneficial holder of 1,301,664 ordinary shares in the Company, amounting to 2.69% of the entire share capital. Mr Adair has pledged 134,998 of these ordinary shares to be used as funds in an underwriting commitment at Lloyds of London.

Robert Fredrik Martin Adair, 52, is a current director of the following companies and/or member/partner of the following partnerships:

Melrose Mediterranean Limited

Crossroads Ventures (UK) Limited

First Car Wash plc

Mister Clean plc

Melrose Petroleum Limited

Melrose Petroleum II Limited

Skye Holdings Limited

Terrace Hill Group plc

CCL Veloduct Limited

Melrose Petroleum III Limited

Melrose Petroleum IV Limited

Melrose Resources plc

Leed Petroleum plc

Westview Investments Limited

Petreco Limited

Skye Investments Limited

Earlycall Limited

Broadspan Limited

CCLV Holdings Limited

Plexus Holdings plc

Earthrapid Limited

Terrace Hill Residential plc

TH (One Portland Place) Limited

Petreco s.a.r.l (Luxembourg)

Merlon Petroleum Company of Egypt (Cayman Islands)

Terrace Hill Lettings

Skye Securities Limited

ICP Holdings Limited

ICP General Partner Limited

ICP Capital Limited

Ingenius Film Partners 2 LLP

Wharrels Hill LLP

Nomina No. 100 LLP

The Invicta Film Partnership

No.37, LLP

The Invicta Film Partnership

No.34, LLP

Dart Films LLP

Scion Films (Creation 2)

Production Partnership

Trieste Film Partners

Turin Film Partners

Opal Film Partners

Diamond Film Partners

Cowesby Estate Partnership

Mr Adair has, in the past five years, been a director of the following companies:

Chameleon Trust plc

Revera Asset Management Limited

Melrose Energy Company (USA)

Melrose Petroleum (US) Limited (USA)

Melrose Resources Inc.

Honiton Energy Services Limited

Honiton Energy Limited

Hubbell Realty (USA)

SERAH Properties plc

Skye Capital Partners Limited

Terrace Hill Development Limited

Safe Gard Europe Limited

Oakburn Investment Holdings Limited

Terrace Hill Limited

Terrace Hill North East Limited

Grosvenor Land Holdings Limited

Westview Group Limited

Terrace Hill Lettings

Real Education plc

Safe Gard Security Limited

Crossroads Ventures (US) Limited (USA)

Melrose Oil Company (USA)

Odyssey Petroleum Corporation (AlbertaCanada)

The Beckenham Group plc

Hubbell Realty (USA)

CCL Lindab Limited

The AERW and RFMA Consultancy Partnership

Terrace Hill Partnership

In respect of Robert Adair's appointments set out above:

(a) Conderton Limited was placed in administrative receivership on 15 December 1993 and was placed in compulsory liquidation on 8 March 1994. Robert Adair was a director of this company within the 12 months prior to these dates.

(b) Poselco Limited was placed in administrative receivership on 15 December 1993 and was placed in compulsory liquidation on 23 March 1994. Robert Adair was a director of this company within 12 months prior to these dates.

(c) Telematix Limited was placed in creditors' voluntary liquidation on 24 August 2001. Robert Adair was a non-executive director of this company within the 12 months prior to that date.

(d) The Beckenham Group plc was placed in administrative receivership on 17 November 1993. At the time of the receivership, a total of £8.56 million was owing to creditors. Robert Adair was a non-executive director of this company on that date.

(e) Safe Gard Europe Limited was placed in administration on 6 January 2005. At the time of the administration, a total of £5.52 million was owing to creditors. Robert Adair was a director of this company within the 12 months prior to that date.

Other than the information contained within this announcement, there is no further information required to be disclosed by the AIM Rules.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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