ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

ENQ Enquest Plc

14.10
0.10 (0.71%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Enquest Plc LSE:ENQ London Ordinary Share GB00B635TG28 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.10 0.71% 14.10 14.00 14.15 14.88 13.60 14.66 7,953,321 16:35:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec 1.92B -41.23M -0.0224 -6.25 258.27M

EnQuest PLC Board Change (2680P)

17/06/2022 7:00am

UK Regulatory


Enquest (LSE:ENQ)
Historical Stock Chart


From Mar 2022 to Mar 2024

Click Here for more Enquest Charts.

TIDMENQ

RNS Number : 2680P

EnQuest PLC

17 June 2022

EnQuest PLC, 17 June 2022

BOARD CHANGE

EnQuest PLC ('EnQuest') today announces that Martin Houston has notified the Board of his intention to step down as Non-Executive Chairman to focus on his other business interests. Martin has been Chair of the Board since 1 October 2019. The timing of his departure will be confirmed once a successor has been recruited.

The Board will now begin the search process for a new Non-Executive Chair, led by Senior Independent Director Howard Paver. An announcement confirming Martin's successor will be made in due course.

Under Martin's leadership, EnQuest has made good progress against its strategic objectives. In particular, year-end net debt has been reduced to $1,222.0 million, its lowest level since 2014. EnQuest has made three acquisitions and is well positioned to play a growing role in the energy transition. In addition, Martin has overseen significant improvements in governance, including recruiting several new non-executive directors, bringing greater diversity of gender, background and skills to the Board.

Amjad Bseisu, Chief Executive of EnQuest, said:

"On behalf of the Board and the management team, I would like to thank Martin for his diligent contribution to EnQuest. With his extensive experience and industry knowledge, he has provided valuable support to EnQuest during the difficult years spanning the pandemic."

Martin Houston, Chair of EnQuest, said:

"I have much enjoyed leading the EnQuest Board, but now is the right time to focus on my wider portfolio of companies in the sector. Over the last three years, EnQuest has made significant progress, despite the challenges of the pandemic and commodity price volatility. With a strengthened and diversified Board, I believe EnQuest is well positioned for the next phase of its journey."

Howard Paver, Senior Non-Executive Director of EnQuest, said:

"On behalf of the Board, I thank Martin for his strong, principled, leadership in a period of challenge and change, both for EnQuest and our industry. Martin has focused resolutely on serving the interests of all our shareholders."

Ends

For further information please contact:

 
 EnQuest PLC                                   Tel: +44 (0)20 7925 
                                                4900 
 Amjad Bseisu (Chief Executive) 
 Jonathan Swinney (Chief Financial Officer) 
 Ian Wood (Head of Communications & Investor 
  Relations) 
 Craig Baxter (Senior Investor Relations & 
  Communications Manager) 
 
 Tulchan Communications                        Tel: +44 (0)20 7353 
                                                4200 
 Martin Robinson 
 Martin Pengelley 
 Harry Cameron 
 

Notes to editors

ENQUEST

EnQuest is providing creative solutions through the energy transition. As an independent production and development company with operations in the UK North Sea and Malaysia, the Group's strategic vision is to be the operator of choice for maturing and underdeveloped hydrocarbon assets by focusing on operational excellence, differential capability, value enhancement and financial discipline.

EnQuest PLC trades on both the London Stock Exchange and the NASDAQ OMX Stockholm.

Please visit our website www.enquest.com for more information on our global operations.

Forward-looking statements: This announcement may contain certain forward-looking statements with respect to EnQuest's expectations and plans, strategy, management's objectives, future performance, production, reserves, costs, revenues and other trend information. These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that may occur in the future. There are a number of factors which could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements and forecasts. The statements have been made with reference to forecast price changes, economic conditions and the current regulatory environment. Nothing in this announcement should be construed as a profit forecast. Past share performance cannot be relied upon as a guide to future performance.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

BOASFFSIWEESEFM

(END) Dow Jones Newswires

June 17, 2022 02:00 ET (06:00 GMT)

1 Year Enquest Chart

1 Year Enquest Chart

1 Month Enquest Chart

1 Month Enquest Chart

Your Recent History

Delayed Upgrade Clock