Appointment and Resignation of Directors

 

TIDMDNX 
 
RNS Number : 2593U 
Dana Petroleum PLC 
12 October 2010 
 

12 October 2010 
 
DANA PETROLEUM PLC 
("Dana" or the "Company") 
 
Appointment and Resignation of Directors 
 
Dana notes that, following the acquisition by Korea National Oil Corporation 
("KNOC") of shares in the Company together with valid acceptances from Company 
shareholders of KNOC's share offer totalling in aggregate over 75% of the issued 
share capital of the Company and the subsequent application for delisting of the 
Company and cancellation of the admission to trading of the ordinary shares of 
the Company submitted to the authorities on 30 September 2010, such delisting 
and cancellation of admission to trading is scheduled to occur on 28 October 
2010. 
 
Further to the above, Dana reports the following resignations and appointments 
of directors of the   Company. 
 
On 11 October 2010, each of Mr. Colin Goodall, non-executive Chairman of the 
Company and Mr. Iain  Rawlinson, Mr. Philip Dayer and Mr. Brian Johnston, the 
non-executive directors of the Company, resigned as a director of the Company, 
all such resignations to take effect from close of business on 28 October 2010. 
 
 
Also on 11 October 2010: 
 
(i)         Dr. Seong Hoon Kim was appointed as a non-executive director of the 
Company with immediate effect, and as non-executive Chairman of the Company with 
effect from 28 October 2010; 
 
(ii)        Mr. EuGene Synn was appointed as an executive director and Chief 
Strategy Officer of the Company with immediate effect; and 
 
(iii)       Mr. Hong Geun Im, and Mr. Chang Koo Kang were appointed as 
non-executive directors of the Company with immediate effect. 
 
Dr. Seong Hoon Kim was appointed as a director of Harvest Energy Trust in 
December 2009, shortly prior to its de-listing from the Toronto Stock Exchange 
following its acquisition by KNOC, and remains a director of the de-listed 
company.  He has held no other directorships of publicly quoted companies during 
the past five years and there are no further disclosures to be made in respect 
of his appointment under paragraphs LR 9.6.13 (2) - (6) of the Listing Rules of 
the UK Listing Authority. 
 
There are no disclosures to be made in respect of Mr. EuGene Synn, Mr. Hong Geun 
Im and Mr. Change Koo Kang under paragraphs LR 9.6.13 (1) - (6) of the Listing 
Rules of the UK Listing Authority. 
 
 
For further information please contact: 
 
Dana Petroleum plc 
Tom Cross, Chief Executive Officer 
01224 652400 
John Arnton, Company Secretary 
01224 652400 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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