Serabi Gold (SRB)

Sector:

Mining

Index:

FTSE AIM All-Share

86.00p
   
  • Change Today:
    -5.00p
  • 52 Week High: 93.50p
  • 52 Week Low: 30.10p
  • Currency: UK Pounds
  • Shares Issued: 75.73m
  • Volume: 721,281
  • Market Cap: £65.13m
  • RiskGrade: 196

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Michael Lynch-Bell appointed as new Serabi Gold chair

By Josh White

Date: Monday 08 Aug 2022

LONDON (ShareCast) - (Sharecast News) - Brazil-focussed miner and developer Serabi Gold announced the appointment of Michael Lynch-Bell as a non-executive director and its new chairman on Monday, with immediate effect.
The AIM-traded firm also announced that Nicolas Bañados, who had acted as non-executive chairman since June 2020, would continue in office as a non-executive director.

It said Lynch-Bell had spent a 38-year career with Ernst & Young (EY), having led its global oil and gas, UK IPO and global oil and gas and mining transaction advisory practices.

He was a member of EY's assurance Practice from 1974 to 1996, when he transferred to the transaction advisory practice.

Lynch-Bell was also UK alumni sponsor and a member of the firm's Europe, Middle East, India and Africa and global advisory councils.

He retired from EY as a partner in 2012 and continued as a consultant to the firm until November 2013.

Lynch-Bell is a non-executive director of London-listed Gem Diamonds, independent non-executive chairman of the ASX-listed Little Green Pharma, and independent non-executive director of the JSE-listed Barloworld.

"I am very pleased to take on this role with Serabi as the company moves into the next exciting phase of its development with the ongoing development of Coringa and advancing the many opportunities that its exploration tenements present," Michael Lynch-Bell said.

Serabi confirmed Lynch-Bell would be appointed as chair of the audit committee, and also serve on the remuneration committee.

He graduated with a BA Hons Economics and Accountancy at the University of Sheffield, and is a member of the Institute of Chartered Accountants in England and Wales.

Eduardo Rosselot, who had served as a director of Serabi since October 2012, was standing down from the Board.

Rosselot was one of two representatives on the board, alongside Bañados, appointed by Fratelli Investments.

Fratelli was not seeking to replace Rosselot, and would only have one representative appointed to the board.

"I am delighted to have Michael join the board of directors of the company as non-executive chairman - he brings a wealth of international mining experience to Serabi and will provide significant insight in his role as independent chairman," said chief executive officer Mike Hodgson.

"I would also like to take this opportunity to thank Eduardo for his ten years of service on the board. He has visited the operations on many occasions over this time and provided valuable technical input.

"Whilst he is standing down from the board, I am pleased that we will be able to continue to call on his services and support in the future."

At 1202 BST, shares in Serabi Gold were up 0.26% at 38.6p.

Reporting by Josh White at Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Serabi Gold Market Data

Currency UK Pounds
Share Price 86.00p
Change Today -5.00p
% Change -5.49 %
52 Week High 93.50p
52 Week Low 30.10p
Volume 721,281
Shares Issued 75.73m
Market Cap £65.13m
RiskGrade 196

Serabi Gold Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.58% above the market average92.58% above the market average92.58% above the market average92.58% above the market average92.58% above the market average
36.51% above the sector average36.51% above the sector average36.51% above the sector average36.51% above the sector average36.51% above the sector average
Price Trend
96.52% above the market average96.52% above the market average96.52% above the market average96.52% above the market average96.52% above the market average
89.78% above the sector average89.78% above the sector average89.78% above the sector average89.78% above the sector average89.78% above the sector average
Income Not Available
Growth
33.13% below the market average33.13% below the market average33.13% below the market average33.13% below the market average33.13% below the market average
28.81% below the sector average28.81% below the sector average28.81% below the sector average28.81% below the sector average28.81% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Serabi Gold Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
16:39 25,000 @ 87.30p
14:36 117,000 @ 86.10p
14:37 100,000 @ 87.30p
16:35 1,176 @ 86.00p
16:35 1,176 @ 86.00p

Serabi Gold Key Personnel

Finance Director Clive Malcolm Line
CEO Michael Hodgson

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