Board Change

 

TIDMSEY 
 
RNS Number : 7595U 
Sterling Energy PLC 
30 June 2009 
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR 
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE 
RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION 
 
 
30 June 2009 
 
 
STERLING ENERGY PLC 
("Sterling" or the "Company") 
 
 
Board Change 
 
 
 
 
Sterling (symbol: SEY), is an AIM listed independent oil & gas exploration and 
production company with interests in the Gulf of Mexico, Africa and the Middle 
East. 
 
 
In September 2008, it was announced that Mr. Harry Wilson, Executive Deputy 
Chairman and former CEO, would leave the Company no later than the end of 
September 2009. Having decided not to stand for re-election at today's AGM, Mr. 
Wilson will today step down from the Company's Board of Directors.  Harry will 
continue to act as an advisor to the Board. 
 
 
 
 
 
 
Enquiries 
 
 
   Sterling Energy Plc ([phone])          Web site: 
www.sterlingenergyplc.com 
Dick Stabbins, Chairman 
Graeme Thomson, CEO 
 
 
Evolution Securities ([phone]) 
Rob Collins 
Chris Sim 
 
 
N M Rothschild & Sons Limited ([phone]) 
Neeve Billis 
 
 
Citigate Dewe Rogerson ([phone]) 
Martin Jackson 
George Cazenove 
 
 
 
 
 
 
 
 
 
Dealing Disclosure Requirements 
 
 
Under the provisions of Rule 8.3 of the Takeover Code (the "Code"), if any 
person is, or becomes, "interested" (directly or indirectly) in 1% or more of 
any class of "relevant securities" of STERLING, all "dealings" in any "relevant 
securities" of that company (including by means of an option in respect of, or a 
derivative referenced to, any such "relevant securities") must be publicly 
disclosed by no later than 3.30 pm (London time) on the London business day 
following the date of the relevant transaction. This requirement will continue 
until the date on which any offer (if made) becomes, or is declared, 
unconditional as to acceptances, lapses or is otherwise withdrawn or on which 
the "offer period" otherwise ends. If two or more persons act together pursuant 
to an agreement or understanding, whether formal or informal, to acquire an 
"interest" in "relevant securities" of STERLING, they will be deemed to be a 
single person for the purpose of Rule 8.3. 
 
 
Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant 
securities" of STERLING by STERLING, or by any of its "associates", must be 
disclosed by no later than 12.00 noon (London time) on the London business day 
following the date of the relevant transaction. 
 
 
A disclosure table, giving details of the companies in whose "relevant 
securities" "dealings" should be disclosed, and the number of such securities in 
issue, can be found on the Takeover Panel's website at 
http://www.thetakeoverpanel.org.uk/new/. 
 
 
"Interests in securities" arise, in summary, when a person has long economic 
exposure, whether conditional or absolute, to changes in the price of 
securities. In particular, a person will be treated as having an "interest" by 
virtue of the ownership or control of securities, or by virtue of any option in 
respect of, or derivative referenced to, securities. 
 
 
Terms in quotation marks are defined in the Code, which can also be found on the 
Panel's website. If you are in any doubt as to whether or not you are required 
to disclose a "dealing" under Rule 8, you should consult the Panel. 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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