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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Afentra Plc | LSE:AET | London | Ordinary Share | GB00B4X3Q493 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.70 | 3.51% | 50.20 | 49.60 | 50.20 | 50.20 | 48.30 | 48.50 | 910,771 | 15:27:38 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 0 | -9.09M | -0.0413 | -12.15 | 110.47M |
TIDMSEY
RNS Number : 8803T
Sterling Energy PLC
30 March 2021
30 March 2021
S terling Energy p lc
("Sterling" or "The Company")
Board Changes
Sterling Energy plc (AIM:SEY) announces the following Board Changes with immediate effect.
The Company is pleased to announce the appointments of Mr Jeffrey MacDonald as Independent Non-Executive Chairman and Mr Gavin Wilson as Non-Executive Director. The incoming Directors replace outgoing Non-Executive Chairman Michael Kroupeev and Non-Executive Directors Leo Koot and Ilya Belyaev, as per the orderly transition previously alluded to in recent market updates.
Jeffrey MacDonald was a former managing director with private equity firm, First Reserve, with responsibility for investment origination, structuring, execution, monitoring and exit strategy, with particular emphasis on the oil and gas sector. Before joining First Reserve, he was a founder and CEO of Caledonia Oil and Gas Ltd., a U.K.-based exploration and production (E&P) firm, and a founding member and managing director of Highland Energy Ltd. Most recently he held the position of Interim CEO and, prior to that, Non-Executive Director, of Kris Energy.
Gavin Wilson has held the position of Investment Director at Meridian Capital Limited, a Hong Kong based international investment firm, for over a decade, managing an Oil & Gas portfolio focused on world-class assets in emerging markets. Mr Wilson founded and managed, for over seven years, two successful investment funds - RAB Energy and RAB Octane. Previously he was Managing Partner of Canaccord Capital London's Oil & Gas division, responsible for Sales and Corporate Brokering/Finance.
Commenting on the changes, incoming Chairman Jeffrey MacDonald said:
"I'm delighted to be taking on this role at the beginning of the Company's strategic evolution. The Company intends to re-launch in the near-term under a new name with a well-defined strategy built around achieving scale through the acquisition of production assets and discovered resources resulting from the accelerating energy transition in West Africa. I welcome my fellow incoming Director, and together we look forward to providing our insights and support to the highly experienced executive team recently assembled. The Company looks forward to providing more details around its forward strategy in due course.
I'd also like to thank all of the outgoing Directors for their assistance in ensuring an orderly transition and wish them well with their future endeavours."
Gavin Wilson, incoming Non Executive Director said:
"On behalf of shareholders I would like to thank Michael Kroupeev and his board for their successful efforts in steadfastly protecting shareholder funds during a difficult era of extreme volatility and energy transition."
Regulatory
The information included below is required under Rule 17 of the AIM Rules for Companies ("AIM Rules") and Schedule Two Paragraph (g) of the AIM Rules:
Jeffrey Saunders Macdonald (aged 65)
Mr Macdonald does not hold any ordinary shares nor options over ordinary shares in the Company
Current Directorships: Past Directorships (within the last 5 years): Hostel 512 LLC Hansa Profit Interest LLP ------------------------------------ Caledonia Properties LLC Caledonia Properties II, LLC ------------------------------------ The Vine Charity USA The Tasty Spoon LLC ------------------------------------ KrisEnergy Ltd ------------------------------------ Hansa Hydrocarbons Limited ------------------------------------ Delta Energy Limited ------------------------------------
Gavin Hugh Lothian Wilson, (aged 57)
Mr Wilson owns 2,681,666 ordinary shares in the Company.
Current Directorships: Past Directorships (within the last 5 years): Waterwheel Investments ------------------------------------ Imbokodo Exploration and Production ------------------------------------ TAG Oil Ltd ------------------------------------ PetroTal Corp ------------------------------------
For furth er information c ontact:
S terling Energy p lc + 44 (0)20 7405 4133
Paul McDade, CEO
Buchanan (Financial PR) +44 (0)207 466 5000
Ben Romney
Chris Judd
Peel Hunt LLP (Nominated Adviser and Joint Broker) +44 (0)20 7418 8900
Richard Crichton
David McKeown
Tennyson Securities (Joint Broker) +44 (0)20 7186 9033
Peter Krens
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(END) Dow Jones Newswires
March 30, 2021 02:00 ET (06:00 GMT)
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