Share Name Share Symbol Market Type Share ISIN Share Description
Sirius Minerals LSE:SXX London Ordinary Share GB00B0DG3H29 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.51p +5.56% 28.67p 28.67p 28.84p 29.00p 26.50p 27.24p 12,730,744 13:54:39
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -23.4 -0.9 - 1,279.57

Sirius Minerals Plc Executive director appointment

02/02/2017 7:00am

UK Regulatory (RNS & others)

Sirius Minerals (LSE:SXX)
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1 Year : From Aug 2016 to Aug 2017

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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:     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:

This information is provided by RNS

The company news service from the London Stock Exchange



(END) Dow Jones Newswires

February 02, 2017 02:00 ET (07:00 GMT)

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