Share Name Share Symbol Market Type Share ISIN Share Description
Exillon Energy LSE:EXI London Ordinary Share IM00B58FMW76 ORD USD0.0000125
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.10p +0.14% 70.60p 68.40p 72.00p 72.00p 68.40p 72.00p 15,753 16:45:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 102.8 41.9 20.2 3.7 114.03

Exillon Energy Plc Appointment of new CEO

23/05/2018 1:43pm

UK Regulatory (RNS & others)


Exillon Energy (LSE:EXI)
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RNS Number : 0611P

Exillon Energy Plc

23 May 2018

Exillon Energy plc

Appointment of new CEO

23 May 2018 - Exillon Energy plc ("Exillon Energy", the "Company" or the "Group") (EXI.LN), a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora ("Exillon TP") and West Siberia ("Exillon WS"), announces that the Board of Directors has appointed Viacheslav Nekrasov as a new director and CEO of the Company at today's meeting.

The new CEO was recommended to the Company's Board by Seneal International Agency Ltd, which has held a 29.99% interest in the Company's share capital since December 2013 and is ultimately controlled by Alexei Khotin.

The Board has carefully considered Mr. Nekrasov's substantial experience in corporate finance and investment, including in the oil & gas sector, and unanimously approved the appointment.

The Board also approved the resignation of the current CEO and director, Dmitry Margelov, who is stepping down in order to pursue other business interests. The Board noted that Mr. Margelov demonstrated a substantial time commitment in his role as Chief Executive Officer and director of the Company, whilst successfully guiding the Company through a difficult trading period as a result of prevailing market conditions, and expressed its gratitude and commended Mr. Margelov's considerable efforts in leading the Company over the course of his appointment.

The changes will take effect from 31 May 2018.

Biographical information:

Viacheslav Nekrasov

Mr. Nekrasov has more than 20 years of experience in corporate finance and investment. Before joining Exillon Energy plc as CEO he served as Project Finance Director of JSC Kompleksnye Investitsii and was responsible for organising and managing debt and project finance transactions in the oil & gas and real estate sectors. Prior to this, Mr. Nekrasov held the following positions: CEO of Agency Plus LLC, Head of Investment Development Projects of ESN Group, Deputy CEO of FinanceConsult.

Mr. Nekrasov has a degree in Economics and Company Management from the Higher School of Economics, National Research University.

Media contacts:

Sergii Pershyn, EM

pershyn@em-comms.com

+1 929 855 8188

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.

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(END) Dow Jones Newswires

May 23, 2018 08:43 ET (12:43 GMT)

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