Ambrian PLC Board Appointment (7818B)

TIDMAMBR

RNS Number : 7818B

Ambrian PLC

09 October 2015

Ambrian plc

("Ambrian" or the "Company")

Board Appointment

Ambrian plc (AIM: AMBR) is pleased to announce the appointment of Martin Abbott as a non-executive director of the Company with immediate effect.

Mr. Abbott served as the Chief Executive Officer of the London Metal Exchange from 2006 until 2013, leading the company through its successful US$2.2 billion takeover by Hong Kong Stock Exchanges & Clearing Group. He has also served as Editor-In-Chief of Metal Bulletin Plc, a London-listed publishing and events company, between 2001 and 2006 prior to its GBP221 million acquisition by Euromoney.

Robert Adair, Chairman of Ambrian, commented:

"I am very pleased to welcome Martin to the board following our recent successful fundraising. We believe that his wide experience in the metals industry will be a great benefit to Ambrian. In addition, to further strengthen our board we expect to announce a second appointment shortly".

Enquiries

 
 Ambrian plc 
 Roger Clegg              + 44 (0)20 7634 4700 
 
 
 
 Cenkos Securities plc 
 Neil McDonald            + 44 (0)20 7397 8900 
 Nick Tulloch 
 

Other Information

In relation to the appointment of Mr Abbot, the Company confirms that there is no further information to be disclosed under paragraph (g) of Schedule 2 of the AIM Rules for Companies save as disclosed below:

 
 Full Name:                               Martin Gary Abbott 
 Age:                                     55 
 Current Directorships / Partnerships     TSF Derivatives Limited 
  in the last 5 years:                     Trad-X (UK) Limited 
                                           Tradition (UK) Limited 
                                           Tradition Financial Services 
                                           Limited 
                                           Mitsui Bussan Commodities 
                                           Limited 
 Previous Directorships / Partnerships    LME Ltd 
  in the last 5 years:                     LME Holdings 
                                           LCH Clearnet Group 
                                           LCH Clearnet S.A. 
 Current Shareholding in the Company:     None 
 

Notes to Editors

Ambrian is active in the physical trading of industrial metals and minerals. It sources and supplies a variety of commodities to end users all over the world. Supported by its offices in London, Shanghai, Taiwan, Singapore and a network of agents in North and South America, Asia and the Middle East, Ambrian provides producers and consumers with its marketing insight whilst emphasizing the financing and risk management aspect of its trading and logistic activities. Ambrian is also active in the cement business through its majority interest in a clinker grinding facility in Mozambique. Ambrian is quoted on the AIM market of the London Stock Exchange under the ticker symbol AMBR.

Further information on the Group is available on the Company's website: www.ambrian.com or the website of Cimentos da Beira Lda: www.cdb.co.mz.

This information is provided by RNS

The company news service from the London Stock Exchange

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October 09, 2015 03:42 ET (07:42 GMT)