Three more senior staff reportedly leave ENRC

The Financial Times has claimed that three senior executives have resigned and a fourth has taken leave of absence at FTSE 100-listed miner Eurasian National Resources Corp (ENRC).

The Financial Times has claimed that three senior executives have resigned and a fourth has taken leave of absence at FTSE 100-listed miner Eurasian National Resources Corp (ENRC).

The newspaper reported that Victoria Penrice, company secretary, Tony McCarthy, human resources boss, and Stuart Nolan, group head of reward, had left. It said that Victor Hannah, head of Africa, had taken a voluntary leave of absence.

On Friday April 19th, the board of ENRC issued a public statement on its website in response to an announcement by major shareholder Alexander Machkevitch that he is looking to take over the company.

The announcement stated: "The board of ENRC notes the announcement earlier today from Mr Alexander Machkevitch that he is in the preliminary stages of forming a consortium to assess a potential offer for the company. The board confirms that it has not received any proposal which could result in an offer or possible offer for the group."

No one at ENRC was available to speak to Digital Look about the report at the time of publication.

ENRC's share price was down 4.78% to 277.10p at 10:23 on Monday, pulling back after having surged by over a quarter on Friday.

MF

Recommended

Three top-notch Asian stocks to buy
Share tips

Three top-notch Asian stocks to buy

Professional investors Adrian Lim and Pruksa Iamthongthong, managers of the Asia Dragon Trust, pick three of their favourite Asian stocks to buy now.
23 Sep 2022
Why you should short this satellite broadband company
Trading

Why you should short this satellite broadband company

With an ill-considered business plan, satellite broadband company AST SpaceMobile is doomed to failure, says Matthew Partridge. Here's how to short th…
23 Sep 2022
Share tips of the week – 23 September
Share tips

Share tips of the week – 23 September

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
23 Sep 2022
Momentum investing – and why price matters more than anything else
Investment strategy

Momentum investing – and why price matters more than anything else

The recent fashion for momentum investing, with investors piling into expensive growth stocks, is nothing new, says Merryn Somerset Webb. And the dang…
21 Sep 2022

Most Popular

Beating inflation takes more luck than skill – but are we about to get lucky?
Inflation

Beating inflation takes more luck than skill – but are we about to get lucky?

The US Federal Reserve managed to beat inflation in the 1980s. But much of that was down to pure luck. Thankfully, says Merryn Somerset Webb, the Bank…
26 Sep 2022
Earn 4.1% from the best savings accounts
Savings

Earn 4.1% from the best savings accounts

With inflation topping 10%, your savings won't keep pace with the rising cost of living. But you can at least slow the rate at which your money is los…
27 Sep 2022
The pick of this year's best-performing investment trusts
Investment trusts

The pick of this year's best-performing investment trusts

Market conditions haven’t been easy, but these investment trusts have delivered strong growth, says David Stevenson.
23 Sep 2022