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Pembridge Resources appoints Gati Al-Jebouri as CEO and chairman

Published: 07:18 20 Sep 2019 BST

Pembridge Resources -

Pembridge Resources PLC (LON:PERE) has made non-executive director Gati Al-Jebouri its new chief executive and chairman as it matures into an operating company.

He replaces David Linsley and Francis McAllister, who have stepped down as chief executive and chairman respectively.

"David created Pembridge as a special purpose acquisition company (SPAC) two years ago and, together with his team around him, has been a driving force in closing the Minto transaction,” said McAllister.

He added: “As Pembridge grows from a SPAC into an operating company, David has decided that it is in the best interests of Pembridge to resign so the business can move forward under a new operations-focused leadership.

“We welcome Gati's significant leadership and operational experience, which will be a great asset to this exciting new chapter of Pembridge."

Al-Jebouri has been a non-executive director of Pembridge for the past two years, having been managing director of Russian giant Lukoil’s Middle East upstream operations.

Previous to Lukoil, he was deputy minister of energy for Bulgaria and the country’s first minister of finance.

"I believe in the potential of Pembridge and look forward to working with our partners Copper Holdings, Cedro Holdings and the Selkirk First Nations, as well as the team at the Minto mine and my board to make a success of the Minto operations and grow this company into a significant investor within the mining sector,” said Al-Jebouri.

“I would like to extend my thanks to existing investors for their patience and continuing support. My key priorities now are to have the Minto mine operational as quickly as possible, and complete Pembridge's relisting on the London Stock Exchange."

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