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CRCL Corcel Plc

0.155
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Corcel Plc LSE:CRCL London Ordinary Share GB00BKM69866 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.155 0.15 0.16 0.155 0.155 0.155 5,384,253 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Nonmtl Minrls, Ex Fuels 0 -1.26M -0.0004 -3.75 4.71M

Corcel PLC Board Changes and Management Update

12/07/2024 7:00am

RNS Regulatory News


RNS Number : 1315W
Corcel PLC
12 July 2024
 

Corcel PLC

("Corcel" or the "Company")

 

Board Changes and Management Update

 

12 July 2024

 

Corcel Plc (London AIM: CRCL), the pan Angola-Brazil focused exploration and production company announces that Mr. Antoine Karam will step down from the role of non-executive Chairman and  Mr. Andrew Fairclough will assume the role of interim  non-executive Chairman.  Mr. Fairclough has over 28 years of experience in finance and in the oil and gas industry having held various Chief Financial Officer roles in publicly listed companies, as well as having spent 17 years in investment banking at Flemings, Rothschild and Merrill Lynch.  He has extensive experience in corporate governance, M&A and corporate finance.

 

The Company also confirms Mr. Scott Gilbert's appointment as permanent Chief Executive Officer, having previously been appointed as interim Chief Executive Officer, as announced on 25th April 2024.  Mr. Gilbert will also be joining the Board as executive Director as soon as the regulatory checks are concluded.

 

Corcel also announces that Mr. Deepak Kohli will no longer be joining the Board.

 

Corcel interim non-executive Chairman, Andrew Fairclough commented: "I look forward to supporting Scott and the management team through this transition phase as they progress G&G and other efforts in Angola and the pursuit of M&A opportunities in Brazil under the Collaboration Agreement signed with Conterp, that we announced this week."

 

The Board of the Company will therefore consist of:

 

Executive Directors (upon completion of Mr. Gilbert's regulatory checks):

 

Mr. Scott Gilbert (Chief Executive Officer)

Ms. Geraldine Geraldo (Chief Commercial Officer and MD Angola)

 

Non-Executive Directors:

 

Mr. Andrew Fairclough (interim independent non-executive Chairman)

Mr. Pradeep Kabra (independent non-executive Director)

Mr. Antoine Karam and Mr. Yan Zhao (non-executive Directors).

 

For further information, please contact:

 

Corcel Plc:

Scott Gilbert, CEO

Development@Corcelplc.com                                                                              

 

WH Ireland (NOMAD & Broker):

James Joyce / James Bavister /Andrew de Andrade              

0207 220 1666                                                                                        

 

Vigo Communications (IR):

Patrick d'Ancona      

0207 3900 230            

 

               

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

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END
 
 
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