Directorate Change

RNS Number : 9232K

Rare Earth Minerals PLC

22 April 2015

 



Rare Earth Minerals Plc.

("Rare Earth Minerals", "REM" or "the Company")

Directorate Change

Rare Earth Minerals (AIM: REM) is pleased to announce that Andrew Suckling has joined the board as a Non-Executive Director with immediate effect. 

Andrew, aged 43 and based in New York, is the founding principal and portfolio manager for Verulam, a discretionary commodity fund with focus on metals.  Prior to founding Verulam, from 2000 - 2008, Mr. Suckling was a founding partner, research analyst and trader with Ospraie Management, LLC and its predecessor Fund with Tudor Investment Corporation.  Mr. Suckling's 21 years' experience in the commodity industry began in 1994 as a Trader with London Metal Exchange Ring dealing member, Metallgesellschaft (MG). In that role, Mr. Suckling established a trading presence in China for MG setting up a representative office in Shanghai in 1997 -1998.

Mr. Suckling is a graduate of Brasenose College, Oxford University earning a BA (Hons) in Modern History in 1993 and an MA in Modern History in 2000.

David Lenigas, The Company's Chairman, commented;

"The progress over the past year has been very exciting and positive with our key investments and project advancing up the development curve. With this advancement the board concluded that it is important that we appoint an additional non-executive director to balance the board and in particular to further develop our institutional relationships and shareholder base. We have been fortunate to recruit Andrew, whom has a wealth of experience in this field"

The names of all companies and partnerships of which Andrew has been a director or partner at any time in the previous five years are set out below:

Company	Status
Verulam LLC	Current
Verulam GP LLC	Current
Verulam Resources Fund LP	Current
Fardal Limited	Current
35 Spring Street LLC	Current
66 Edison Drive LLC	Current
Verulam Limited	Previous
Ospraie Management LLC	Previous

There are no further disclosures required under schedule 2 Paragraph G of the AIM Rules for Companies.

Ends

For further information please contact: 

Rare Earth Minerals plc                                                                   [phone]

David Lenigas

Kiran Morzaria

WH Ireland Limited (NOMAD & Broker)                                       [phone]

James Joyce

Mark Leonard

Square1 Consulting

David Bick                                                                                           [phone]

Mark Longson

 

END

 

 

BOAKMGZDNMNGKZM