Approach update

 

TIDMATH 
 
RNS Number : 8232P 
ATH Resources plc 
23 July 2010 
 

 
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| Press Release                 |                  23 July 2010 | 
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                                ATH Resources plc 
                        ("ATH Resources" or "the Group") 
 
                                Approach update 
 
 
On 30 June 2010, ATH Resources announced that it had received an approach to 
purchase ATH Regeneration, the part of the Group focused on coal recovery, land 
remediation and regeneration ("Regen"). 
 
The Board is aware that there has been a certain amount of speculation 
surrounding the approach and therefore advises that the approach is from a 
management team comprising, among others, Tom Allchurch and Steven Beaumont, the 
Group's Chief Executive and Group Finance Director respectively.  A committee of 
independent directors has been appointed to review the approach.  If the 
approach results in an offer being made for Regen and that offer is accepted, 
Alistair Black, Managing Director, would become Chief Executive and 
Non-Executive Chairman David Port would assume the role of Executive Chairman. 
In addition, during the period of transition, Steven Beaumont would continue as 
Group Finance Director to the Group and Tom Allchurch would provide his services 
to the Group as a Non-Executive Director. 
 
The Group expects to make a further announcement shortly. 
 
 
                                    - Ends - 
 
For further information: 
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| ATH Resources plc                  |                          | 
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| David Port, Non-Executive Chairman | Tel: [phone] | 
|                                    |                          | 
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| Seymour Pierce Limited             |                          | 
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| John Cowie                         |     Tel: [phone] | 
|                                    |                     8000 | 
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Media enquiries: 
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| Abchurch                           |                          | 
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| Sarah Hollins / Mark Dixon         |     Tel: [phone] | 
|                                    |                     7729 | 
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| [e-mail]      |   www.abchurch-group.com | 
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This information is provided by RNS 
            The company news service from the London Stock Exchange 
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