To view the PDF file, sign up for a MySharenet subscription.

FERRUM CRESCENT LIMITED - Contract of Employment for Executive Director/Technical Director

Release Date: 21/11/2017 09:00
Code(s): FCR     PDF:  
Wrap Text
Contract of Employment for Executive Director/Technical Director

FERRUM CRESCENT LIMITED
(Incorporated and registered in Australia and registered as an external company
in the Republic of South Africa)
(Registration number A.C.N. 097 532 137)
(External company registration number 2011/116305/10)
Share code on the ASX: FCR
Share code on AIM: FCR
Share code on the JSE: FCR
Australian ISIN: AU000000WRL8
South African ISIN: AU000000FCR2



21 November 2017
                                 Ferrum Crescent Limited
                    (“FCR”, the “Company” or the “Group”)(ASX, AIM, JSE: FCR)

           Contract of Employment for Executive Director/Technical Director

FCR, the European lead-zinc explorer, announces that a formal employment contract has now been
entered into with Myles Campion further to his appointment as an Executive Director, as announced
on 17 October 2017. Mr Campion will assume the role of Technical Director of the Company with
immediate effect. Mr Campion was previously a consultant to FCR and his employment contract
replaces all prior agreements with the Company.

In accordance with ASX Listing Rule 3.16.4, the Company advises the following material terms of
Mr Campion’s employment contract:

1. Base salary of £52,500 per annum, excluding statutory contributions to National Insurance and
   Pension required under UK Law.

2. The contract has no fixed term and may be terminated by either party on six months’ notice (or in
   the case of termination by the Company, payment in lieu of such notice).

3. Mr Campion will be eligible to participate in employee incentive schemes operated by the
   Company from time to time on such terms as the Board may decide.

In addition, the Company announces that the Board has taken the decision to defer all executive and
non-executive director fees/salaries until further notice, in order to conserve the Company’s cash
resources.


For further information on the Company, please visit www.fcrexploration.comor www.ferrumcrescent.com or
contact:

Ferrum Crescent Limited
Grant Button, Chairman (Australia)
T: +61 8 9474 2995
Laurence Read, Executive Director (UK)
T: + 44 (0)20 3289 9923

Strand Hanson Limited (Nominated Adviser)
Rory Murphy / Matthew Chandler
T: +44 (0)20 7409 3494

Peterhouse Corporate Finance Limited (Broker)
Lucy Williams / Duncan Vasey / Heena Karani
T: +44 (0)20 7469 0930

Beaufort Securities Limited (Broker)
Elliot Hance
T: +44 (0)20 7382 8300

Bravura Capital (Pty) Ltd (JSE Sponsor)
Melanie De Nysschen
T (direct): +27 11 459 5052

The information contained within this announcement is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulation (EU) No. 596/2014.

Date: 21/11/2017 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story