We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Asa Resource | LSE:ASA | London | Ordinary Share | GB00B0GN3470 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.925 | 1.85 | 2.00 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMASA
RNS Number : 7693R
ASA Resource Group PLC
14 December 2016
14 December 2016
Asa Resource Group plc
("Asa Resource", "the Group" or "the Company")
Management changes
The Directors of ASA RESOURCE GROUP plc would like to update shareholders on changes to its senior management team.
Group Management changes
Effective immediately, Mr Toi Muganyi, currently Managing Director at Freda Rebecca, will become the Group's new Chief Operating Officer and Batirai Manhando, currently Managing Director at BNC, will become the Group's Chief Technical Officer.
Mr David Murangari, non-Executive Chairman of the Group comments as follows:
"These appointments are significant in that they strengthen the executive's mining and technical expertise at the Group level. They will both work closely with Mr Ning, (CEO) and Mr Kwan, (Group Finance Director) to ensure the success of our key operations in Zimbabwe.
In addition to this management review and as part of the Group's ongoing corporate consolidation, the functions that were being carried out at our offices in Johannesburg and Harare will now be combined into one integrated team at the newly formed Asa Complex at Bindura. These developments underpin our commitment to the town of Bindura and the important emphasis we place on the ongoing success of our two key operating mines in Zimbabwe.
To complete our plans at the corporate level and to integrate executive functions with key mine operations, I can confirm that the board will hold at least two of its quarterly board meetings in Bindura each year.
The rationale for many of these developments is to build on the excellent progress we have made in reducing corporate overheads. By bringing our teams closer together, communications become more efficient and will further eliminate duplication between corporate and operational functions."
Dr Alex Danso, Chairman of Freda Rebecca, said he "supports the Company's reorganisation plans and it will make the Group's operations and teams stronger."
The Honourable Kenneth Musanhi, constituency MP for Bindura, also welcomed the Group's long-term commitment to the town of Bindura. Between Freda Rebecca and BNC and noted they are the largest employers in the town.
Mr Toi Muganyi said he was humbled by the appointment and welcomed the challenge of being appointed Chief Operating Officer of the Group. He described it as "an opportunity to bring our many cultures, teams and operations together under a common purpose".
Batirai Manhando, new Chief Technical Officer, said that "we must embrace these changes to the benefit of our mines, employees and stakeholders. Toi and I have complementary skill sets and I have no doubt that we will make a very valuable contribution at the executive group level and across Asa's impressive portfolio - many of our asset are world class".
London
Asa Resource Group plc.
One Fleet Place, London EC4M 7W
Niall Henry, non-Executive Director (Investor Relations)
communications@asaukplc.com
www.asaukplc.com/
Hong Kong
Yim Kwan, Finance Director
Asa Resource Group plc.
Units 509-510, Level 5, Core E, Cyberport 3, 100 Cyberport Road, Hong Kong
communications@asaukplc.com
Nominated Adviser and Joint Broker
SP Angel Corporate Finance LLP
Prince Frederick House, 35-39 Maddox Street, London W1S 2PP
John Mackay, Jeff Keating, Caroline Rowe
Tel: +44 (0) 20 3470 0470
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCGGGPAPUPQGMW
(END) Dow Jones Newswires
December 14, 2016 02:00 ET (07:00 GMT)
1 Year Asa Resource Chart |
1 Month Asa Resource Chart |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions