Capital Metals PLC Appointment of CFO, Directorate and CoSec Change (7346Q)

TIDMCMET

RNS Number : 7346Q

Capital Metals PLC

29 October 2021

29 October 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

Capital Metals plc

("CMET" or the "Company")

Appointment of CFO

Directorate and Company Secretary Change

Capital Metals plc (AIM:CMET), a natural resources company focused on the development of the Eastern Minerals Project in Sri Lanka ("the Project"), one of the highest-grade mineral sands' projects globally, is pleased to announce that James Mahony will join the senior management team as Chief Financial Officer with Anthony Samaha stepping down as Finance Director.

James Mahony is a partner in Westend Corporate LLP ("Westend Corporate"), a firm based in London that provides independent financial consulting and corporate management services. James holds a Bachelor of Applied Science (Hons), Master of Accounting and is a qualified Certified Practising Accountant. He currently acts, or has acted, as a CFO for a number of AIM-quoted, AQSE quoted and private companies.

In addition, Westend Corporate will take over as Company Secretary replacing Sam Quinn.

The appointment of James and Westend Corporate will consolidate the finance and company secretary functions for the Company. These changes are effective immediately, however both Anthony Samaha and Sam Quinn are available to assist with the handover.

Michael Frayne, CEO, commented:

"We welcome James and the Westend Corporate team to the Company and look forward to their input as we further the development of our mineral sands' project.

The Company would like to thank Anthony Samaha and Sam Quinn for all their hard work and effort for Capital Metals and we wish them both well in their future endeavours."

For further information, please visit www.capitalmetals.com or contact:

 
 Capital Metals plc 
  Michael Frayne (CEO)                            [phone] 
 SPARK Advisory Partners (Nominated 
  Adviser) 
  Neil Baldwin / James Keeshan                    [phone] 
 WH Ireland Limited (Joint Broker) 
  Harry Ansell / Katy Mitchell                    [phone] 
 Brandon Hill Capital Limited 
  (Broker) 
  Jonathan Evans/Oliver Stansfield                [phone] 
 

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October 29, 2021 05:36 ET (09:36 GMT)