Alba Mineral Resources PLC AIM Rule 17 Schedule 2(g) Update (5631F)

TIDMALBA

RNS Number : 5631F

Alba Mineral Resources PLC

16 July 2021

Alba Mineral Resources plc

("Alba" or the "Company")

AIM Rule 17 Schedule 2(g) Update

Alba Mineral Resources plc (AIM: ALBA) today announces the following information relating to directors' disclosure under Schedule Two, paragraph (g) of the AIM Rules for Companies:

Michael Nott, a non-executive director of the Company, was, from 2008 to 2018, a director of a private Hungarian company, Eastmine KFT, and from 2008 to 2020 a director of another private Hungarian company, S.Stephan Gold Banyaszati KFT. Both companies were incorporated to acquire and develop mineral exploration projects in Hungary.

After a decision was taken by the shareholders of these companies in about 2017 to terminate the business venture and wind up the companies, the legal advice obtained was that the most efficient means of winding up was to proceed by way of dissolution for failure to submit accounts.

However, the consequence of the failure to submit accounts was a disqualification for Michael Nott from acquiring interests in Hungarian businesses or being an executive officer of a company in Hungary, in the case of S. Stephan Gold Banyaszati KFT for one year (from January 2020) and in the case of Eastmine KFT for five years (from September 2018).

Since the dissolution of these companies, Michael Nott has had no interest in any Hungarian businesses or held any position as a director or executive officer of any Hungarian companies.

For further information, please contact:

 
 Alba Mineral Resources plc 
  George Frangeskides, Executive Chairman    [phone] 
 
 Cairn Financial Advisers LLP (Nomad) 
  James Caithie / Liam Murray                [phone] 
 
 ETX Capital (Broker) 
  Thomas Smith                               [phone] 
 
 

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July 16, 2021 10:15 ET (14:15 GMT)