18th Sep 2009 17:29
Avocet Mining PLC ('Avocet' or the 'Company')
Result of Annual General Meeting ('AGM')
Directorate Change
Results of AGM
Avocet announces that at the Company's Annual General Meeting held at 3:00 pm on 17 September 2009, all resolutions proposed were duly passed.
Following the AGM, Jonathan Henry, Chief Executive Officer of the Company, made a presentation, a copy of which is available on the Company's website - www.avocet.co.uk.
Change to Board of Directors
John Newman did not stand for re-election to the Company's board of directors at the Company's AGM, and therefore ceased to be a director of the Company at the close of the AGM.
Avocet announces the appointment of Harald Arnet as a non-executive director of the Company. Mr Arnet (age 48) is the Chief Executive Officer of Datum AS, which became Avocet's second largest shareholder following the completion of the Company's acquisition of Wega Mining AS. Mr Arnet previously held the position of Senior Vice President, Corporate Finance, Norway for Svenska Handelsbanken.
Details of companies of which Mr Arnet has been a director in the last five years are as follows:
|
Current Directorships |
Past Directorships |
|
Datum AS |
PA Resources AB |
|
Trojan AS |
Wega Mining ASA |
|
Datum Energi AS |
Q-Free ASA |
|
Wega Oil ASA |
Fara ASA |
|
Hato Invest AS |
|
|
Hermia AS |
|
|
Fesil AS |
Mr Arnet holds 74,495 shares in Avocet.
There is no further information to disclose in relation to the appointment of Mr Arnet pursuant to Schedule 2, paragraph (g) of the AIM Rules for Companies.
Contacts:
Jim Wynn, Company Secretary, Avocet Mining PLC, 020 7907 9000
Richard Brown, Richard Greenfield, Ambrian Partners Limited, 020 7634 4700
Related Shares:
AVM.L