logo-loader
viewTower Resources PLC

Tower Resources unveils board changes as part of cost-cutting

Tower Resources plc unveiled a raft of management changes as part of its cost cutting

shutterstock_428403064_5812fc52e2eed.jpg
Tower outlined some new arrangements in the boardroom

Tower Resources PLC (LON:TRP) unveiled a raft of management changes as part of its cost cutting, including the stepping down of chief executive Graeme Thomson with effect from October 31.

Thomson will continue as a non-executive director, however. Jeremy Asher becomes chairman and chief executive from November 1.

Directors Philip Swatman and Philip Frank will also leave the board with effect from December 31 this year, the oiler said.

Exploration director Nigel Quinton left the position on October 26 but will remain available as a consultant.

Asher said: "The company now has a lower cost base, and still has the resources it requires to achieve its objectives, notably in respect of Thali, and I am looking forward to updating shareholders over the coming months on our progress."

Quick facts: Tower Resources PLC

Price: 0.375 GBX

AIM:TRP
Market: AIM
Market Cap: £4.14 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Tower Resources PLC named herein, including the promotion by the Company of Tower Resources PLC in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: 'Major oil firm' expresses interest in Tower Resources'...

Tower Resources PLC's (LON:TRP) Jeremy Asher speaks to Proactive London's Andrew Scott after revealing they're advancing partnering efforts - sharing key technical and commercial information with 'a major international oil company'. Asher says they've shared the information to explore the...

on 4/10/19

RNS

Total Voting Rights

2 weeks ago

Holding(s) in Company

2 weeks, 3 days ago

Holding(s) in Company

3 weeks, 3 days ago

Holding(s) in Company

1 month ago

Issue of Second Tranche Shares

1 month, 1 day ago

Total Voting Rights

on 31/10/19

2 min read