Europa Oil & Gas (Holdings) PLC Board Changes

RNS Number : 7478P

Europa Oil & Gas (Holdings) PLC

12 December 2024

 

12 December 2024

Europa Oil & Gas (Holdings) plc

("Europa" or the "Company")

 

Board Changes

 

Europa Oil & Gas (Holdings) plc, the AIM quoted UK, Ireland and West Africa focused oil and gas exploration, development and production company, is pleased to announce the appointment of Bo Krøll to the board of the Company as a non-executive director with immediate effect. Mr Krøll is a proven entrepreneur and successful businessman who has been a long-term shareholder in Europa with a current holding of 6.04% of the issued share capital of the Company. The Europa board believes that the management of the Company would benefit from increased representation of the shareholders on the board and as a result has invited Mr Krøll to join the board.

 

Mr Krøll is an entrepreneur who has founded and successfully built multiple companies during his career. He is currently Chairman and CEO of SeeReal Technologies, a leading engineering and design house within the field of Holographic 3D Displays which has built a Holographic Display Patent Portfolio comprising almost 600 patents and patent applications and is one of the largest holographic display portfolios in the world. Prior to this, he held board level roles at several data management companies, notably: he was CEO of Boersinformation Telecom A/S where he doubled turnover, made the business profitable and then sold; and, he founded IFX Group Plc, which provided financial information services on mobile terminals, and after eight years of rapid growth he successfully sold the business.

 

Mr Krøll holds a Baccalaureate from Holte Gymnasium and a Master of Science from the Technical University of Denmark.

 

In order to maintain a majority of independent non-executive directors on the Europa board of directors, Alastair Stuart will stand down from the board with immediate effect but will continue as Chief Operating Officer.

 

Brian O'Cathain, Chairman of Europa, said:

 

"We are delighted that Bo has agreed to join the Europa board. He is a proven entrepreneur with extensive experience in building businesses and will bring deep commercial and strategic expertise to the board. He understands the oil and gas sector well, having started his career as a geophysical engineer at Schlumberger before moving into the telecommunications and data management business. As one of our largest shareholders, he will provide a valuable shareholder perspective as we continue to grow the business."

 

AIM Rules for Companies, Schedule 2(g) Disclosures

 

As required by Schedule 2(g) of the AIM Rules for Companies, the Company confirms that Bo Peter Høegh Krøll, aged 67, currently holds or has held the following directorships and partnerships in the last five years:

 

Current directorships and partnerships	Past directorships and partnerships
SeeReal Technologies S.A.	None
i2i Holding S.A.

 

Mr Krøll was a director of F. B. Krøll Ingeniørfirma A/S, a private, family engineering business in Denmark owned by his father, at the time of the company going into receivership on 2 March 1990. Mr Krøll was also a director of Intervest A/S, Intervest Holding A/S and Erhvervsselskabet AF 16/7 1985 ApS. The sole purpose of these companies was to hold Mr Krøll's interest in F. B. Krøll Ingeniørfirma A/S. All three companies entered insolvent compulsory dissolutions, following the receivership of F. B. Krøll Ingeniørfirma A/S. Intervest A/S and Intervest Holding A/S entered compulsory dissolution on 8 August 1990, and Erhvervsselskabet AF 16/7 1985 ApS entered compulsory dissolution on 30 July 1990.

 

Mr Krøll was a director of 27/4 1992 A/S (formerly named AXXESS A/S; Telecom A/S; and Børsinformation Telecom A/S) within twelve months of the company going into receivership on 06 August 1992. Mr Krøll was also a director of Polysat A/S, a wholly owned subsidiary of 27/4 1992 A/S, within twelve months of that company entering commencing an insolvent compulsory dissolution. Mr Krøll's directorships in these entities ceased following his sale of his shares 27/4 1992 A/S to the majority partner and the entities subsequently became insolvent.

 

Bo Krøll currently holds 57,951,502 Ordinary Shares in the Company, representing 6.04% of the current issued share capital.

 

There is no further information required to be disclosed in respect of the above appointments pursuant to Rule 17 or Schedule 2 (g) of the AIM Rules for Companies.

 

* * ENDS * *

 

For further information, please visit www.europaoil.com or contact:

 

William Holland	Europa Oil & Gas (Holdings) plc	[e-mail]
Samantha Harrison / Ciara Donnelly / Elliot Peters	Grant Thornton UK LLP - Nominated Adviser	[phone]
Peter Krens	Tennyson Securities	[phone]
Patrick d'Ancona / Finlay Thomson / Kendall Hill / Anna Stacey	Vigo Consulting	[phone]

 

 

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