AI assistant
TURNSTONE RESOURCES LTD — Board/Management Information 2024
May 21, 2024
65958_rns_2024-05-21_f390581b-fbad-4086-b069-2917b261161e.pdf
Board/Management Information
Open in viewerOpens in your device viewer
ASX ANNOUNCEMENT 22 May 2024
==> picture [135 x 44] intentionally omitted <==
APPOINTMENT OF EXECUTIVE CHAIRMAN AND CEO TRANSITION
South Harz Potash Limited (ASX:SHP) ( South Harz or the Company ) refers to the Sollstedt Mine Purchase and Ohmgebirge Pre-Feasibility Study announcement ( PFS Announcement ) made on the Australian Securities Exchange today.
As set out in the PFS Announcement, South Harz confirms its transition to a leaner, Perth-based corporate structure where Mr Len Jubber, the current Non-Executive Chairman, has been appointed to the role of Executive Chairman and Mr Luis da Silva, the current Managing Director and CEO, will transition out of the business.
Mr da Silva will leave the business on 31 May 2024 (and resign as a Director effective on that date). Having had Mr Jubber as Non-Executive Chairman since 1 February 2024, and Chair of the South Harz Technical Committee for over two years, the Company believes this period allows sufficient time for an appropriate transition and handover.
As a result of Mr Jubber being appointed to the role of Executive Chairman, Dr Reinout Koopmans will assume the role of Lead Independent Director.
South Harz believes this streamlined corporate structure and focus will better enable it to operate as a lean, efficient and long-term oriented potash development business. The South Harz Board would like to take this opportunity to sincerely thank Luis for his valuable contribution and wish him the very best in his future endeavours.
The terms of the appointment for Mr Jubber in the role of Executive Chairman are being finalised and will include certain short-term and long-term incentives. The material terms of the executive service agreement will be announced by South Harz in accordance with ASX Listing Rule 3.16.4 when they are finalised.
This ASX release has been approved by the South Harz Board.
Investor and media enquiries
Len Jubber Executive Chairman South Harz Potash Ltd +61 421 838 449 [email protected]
Michael Vaughan Fivemark Partners +61 422 602 720 [email protected]
CONTACT DETAILS ABN: 64 153 414 852 W: southharzpotash.com ASX Code: SHP E: [email protected] Frankfurt Code: A2DWXX P: +61 (0) 408 447 493
827.2 M Ordinary Shares 113.4 M Unlisted Options
U13, 6 – 10 Douro Place West Perth WA 6005