Anglo Asian gives up board seat on Libero board
Anglo Asian Mining
114.00p
16:55 05/11/24
-0.87%
-1.00p
Azerbaijan-focussed gold, copper and silver producer Anglo Asian Mining announced the resignation of non-executive director Michael Sununu from the board of Libero Copper & Gold on Friday.
FTSE AIM All-Share
736.29
16:50 05/11/24
n/a
n/a
Mining
11,766.35
16:59 05/11/24
-0.26%
-30.44
The AIM-traded firm said the resignation came as its holding in Libero decreased to 5.7%, falling below the 9.9% threshold required to maintain a director position on the board.
It put the reduction in its stake in Libero down to its non-participation in several recent financing rounds.
At 1208 GMT, shares in Anglo Asian Mining were down 0.43% at 57.75p.
Reporting by Josh White for Sharecast.com.