ASA Asa Resource

TIDMASA

RNS Number : 7648D

ASA Resource Group PLC

02 May 2017

Asa Resource Group plc

("Asa Resource", "the Group" or "the Company")

Board appointment

The Board of Asa Resource Group plc is pleased to announce the appointment of Mr. Ian Barry Dearing as a new executive director with immediate effect.

Ian Barry Dearing, aged 69, has been a solicitor of the Supreme Court since 1971 and was granted faculty as a Notary Public in 1984. He specialises in civil litigation and company law. He has represented several public and private companies and has been Legal Advisor and Company Secretary of Asa Resource since 30 September 2016.

Confirming the appointment, Mr Murangari, non-executive Chairman said "Barry has been an outstanding ambassador for the Company. In his capacity as Company Secretary and Legal Advisor, he has been leading the enquiry into recent allegations - shareholders couldn't ask for a more suitable candidate to uphold corporate governance.

Barry has also been engaging with management, workers councils and officials in Zimbabwe throughout this challenging period and assisting in normalising conditions for sound operations."

The Board is working closely with senior management and government to reassure its commitment to Zimbabwe and restore confidence to the shareholders.

The following details in relation to the appointment of Mr. Dearing are disclosed in accordance with Schedule 2(g) of the AIM Rules:

 
 Current directorships             Past directorships held 
                                    within the last five years 
--------------------------------  ---------------------------- 
 
   TRDM Limited                      The Cattles Shareholders 
                                     Association Limited 
 BDS Electrical FM Limited         Hibu Shareholders Grouping 
                                    Limited 
 United Historics Limited          Icethaw Salt Supplies Ltd 
 Matthew Hall Fire & Engineering   Open Fire Systems Limited 
  Limited 
 Riverside Charitable 
  Trust Limited 
 Bespoke Detection Services 
  Limited 
 BJX 4 Limited 
 

Mr. Dearing was appointed a director of Icethaw Salt Supplies Limited on 11 January 2010 and resigned on 11 March 2014. On 22 April 2014, an administrator was appointed. The estimated deficiency as regards creditors was around GBP600,000.

Mr. Dearing has an interest in 4,645,967 ordinary shares of 0.1p each of which 2,000,000 are not beneficially owned.

There are no other disclosures in accordance with Schedule 2(g) of the AIM Rules.

Contact

For more information http://www.ww.asaresourcegroup.com/ or contact us below.

London

Asa Resource Group plc

One Fleet Place, London EC4M 7W

Ian B Dearing, Group General Counsel and Company Secretary

Niall Henry, non-Executive Director (Investor Relations)

communications@asaresourcegroup.com

Nominated Adviser and Broker

SP Angel Corporate Finance LLP

Prince Frederick House, 35-39 Maddox Street, London W1S 2PP

John Mackay, Jeff Keating, Caroline Rowe

Tel: +44 (0) 20 3470 0470

This information is provided by RNS

The company news service from the London Stock Exchange

END

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