Directorate Change
May 06 2009 - 2:00AM
UK Regulatory
TIDMATH
RNS Number : 7280R
ATH Resources plc
06 May 2009
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| Press Release | 6 May 2009 |
+------------------------------------+------------------------------------+
ATH Resources plc
("ATH Resources" or "the Group")
Directorate change
The directors of ATH Resources plc (AIM:ATH), one of the UK's largest coal
producers, are pleased to announce the appointment, with immediate effect, of
John Timothy Stokeld (aged 51) as Non-Executive Director.
Tom Allchurch, Chief Executive, said: "I would like to welcome Tim to ATH
Resources, his 25 year equity market experience will give the Board the right
strategic balance as the Group continues to develop the business. We look
forward to working closely with him."
Mr Stokeld is currently a director of FDME Production Limited and, during the
past five years, has also been a director of Seymour Pierce Limited. No other
information in respect of Mr Stokeld is required to be disclosed under Schedule
Two (g) of the AIM Rules.
-Ends-
For further information:
+-------------------------------------------+--------------------------------+
| ATH Resources plc | |
+-------------------------------------------+--------------------------------+
| Tom Allchurch, Chief Executive | Tel: +44 (0) 1302 760 462 |
+-------------------------------------------+--------------------------------+
| tom.allchurch@ath.co.uk | www.ath.co.uk |
+-------------------------------------------+--------------------------------+
+-------------------------------------------+---------------------------------+
| Evolution Securities Limited | |
+-------------------------------------------+---------------------------------+
| Joanne Lake / Peter Steel | Tel: +44 (0)113 243 1619 |
+-------------------------------------------+---------------------------------+
| joanne.lake@evosecurities.com | www.evosecurities.com |
+-------------------------------------------+---------------------------------+
Media enquiries:
+-------------------------------------------+---------------------------------+
| Abchurch | |
+-------------------------------------------+---------------------------------+
| Charlie Jack / George Parker | Tel: +44 (0) 20 7398 7719 |
+-------------------------------------------+---------------------------------+
| george.parker@abchurch-group.com | www.abchurch-group.com |
+-------------------------------------------+---------------------------------+
Notes to Editors
ATH Resources was listed on the AIM market of the London Stock Exchange in June
2004 and operates five surface coal mines in Scotland; Skares Road, Grievehill
and Laigh Glenmuir in East Ayrshire, Glenmuckloch in Dumfries and Galloway and
Muir Dean in Fife. The Group is currently the third largest producer of coal in
the UK producing approximately 2 million tonnes per annum. Coal is used to
generate around a third of the UK's electricity and the Company now holds coal
supply contracts with four of the UK's main electricity generating companies.
In June 2005, having raised GBP18 million by way of an Open Offer, the Group
acquired two new opencast sites, Grievehill and Glenmuckloch in Scotland. The
acquisition increased the Group's reserve base by 160%.
In May 2006, the Group acquired ATH Regeneration a successful coal recovery,
land remediation and regeneration business with a particular focus on colliery
spoil heap reclamation projects. The acquisition, which was earnings enhancing,
allowed ATH Resources to build on its skills as a regenerator of land, whilst
developing strong relationships with key English planning authorities. The
company has been successfully integrated into the Group. The operational
diversification that the acquisition brings to the Group will be a significant
driver of ATH's organic growth going forward both in the UK and overseas and the
business is actively pursuing a number of projects in Australia.
For the year ending 28 September 2008, the Group achieved turnover of GBP76.9
million, an increase of 9% on its 2007 year end, whilst operating profit
increased by 8% to GBP11.9m for the same period.
Further information on ATH Resources can be found at www.ath.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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