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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Lapp Plats | LSE:LPP | London | Ordinary Share | GB0034353531 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 25.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMLPP RNS Number : 4890T Lapp Plats Plc 08 June 2009 8 June 2009 Lapp Plats plc Board Changes Lapp Plats plc, an AIM quoted, UK registered public company, soon to become Cove Energy plc ("Lapp Plats", "the Company" ) is pleased to announce the appointment of a new Non-Executive Director to the Company and proposed Board Changes in line with its recently announced strategy to focus on oil and gas exploration and production assets. * Appointment of Ivan B. Murphy as Non-Executive Director * Tom O'Gorman and Michael Nolan to step down from Board * Michael Nolan to continue as Company Secretary Board Changes Further to the Company's stated intention since achieving its AIM quotation in May 2005 of formalising an oil and gas division and following on from an announcement by the Company on the 27th of May 2009, Lapp Plats is pleased to announce today that Ivan B. Murphy has been appointed as Non-Executive Director with immediate effect. Ivan is currently a senior executive with Gazprombankinvest, an investment bank owned by Gazprom and Quantic. Gazprom (www.gazprom.com) is the world's largest gas company basically focused on geological exploration, production, transmission, storage, processing and marketing of gas and other hydrocarbons. Quantic is a group comprising various companies created with the intention of forming the core of an oil organization active in all levels of activities traditionally associated with companies present in this sector - production, trading, refining, distribution and financing (www.quanticoil.com). Ivan B. Murphy (36) has a degree in Economics from University College Cork, Ireland and has 15 years experience in capital markets. He started his career at Aberdeen Asset Management PLC the FTSE 250 listed global investment manager. He worked with Aberdeen in London, Miami and Singapore before returning to Ireland to become Managing Director of Aberdeen Asset Management Ireland Limited. In 2003 he left Aberdeen to work as a consultant to a number of Irish and UK plc's assisting them in the disposal of asset management and life insurance assets. In 2005 he was one of the founders of Fairfax PLC a London based investment bank that listed more than 12 investment companies on AIM and the main market of the LSE, raising more than US$1 billion of equity from institutional clients. At Fairfax, he focussed on origination and developing the business in the Far East. After leaving Fairfax in 2008 he acted as a consultant to US and Ireland based property developer Shelbourne Developments negotiating with potential partners in China and the Middle East on the financing and construction of the Chicago Spire project. In addition to this Tom O'Gorman and Michael Nolan have decided to step down from the Board at the Company's AGM to be held on 2 July 2009. Michael Nolan will continue as Company Secretary. The Board expresses its sincere appreciation to both Tom and Michael for their work and commitment to the Company since its formation in 2003. Commenting on the Board appointment Michael Blaha, Non-Executive Chairman said: "I am very pleased to welcome Ivan to the Board of the Company; he brings with him a wealth of experience and skills from all aspects of capital markets, which will become invaluable to balance to the Board as we drive our ambitious strategy forward. He will be a great asset to the Company in working with our appointed advisors in terms of future transactions and business development. "I would also like to take the opportunity to thank both Michael Nolan and Tom O'Gorman for all their service and in recent months their help in re-positioning the Company for a very exciting future. Michael Nolan continuing as Company Secretary is a key support function for the Board and will ensure it communicates in a professional and timely manner with all our shareholders, advisors and other interested parties' Ivan B. Murphy, newly appointed Non-Executive said: "I am delighted to have joined the Board and I am very excited with the opportunity that this well structured Company offers at this particular point in the upstream oil and gas cycle' Information on Ivan B. Murphy +--------------------------------------+---------------------------------------+ | Current directorships | Past directorships (in the last 5 | | | years) | +--------------------------------------+---------------------------------------+ | FTSE hx Fund SPC (Cayman Islands) | Aberdeen International Fund PLC | | Ltd. | | +--------------------------------------+---------------------------------------+ | | Aberdeen International Management | | | Ireland | +--------------------------------------+---------------------------------------+ | | Aberdeen International India | | | Opportunities | +--------------------------------------+---------------------------------------+ | | (Mauritius) | +--------------------------------------+---------------------------------------+ | | IFG Financial Services Ltd. | +--------------------------------------+---------------------------------------+ | | Deutsche Asset Management Ireland | | | Ltd. | +--------------------------------------+---------------------------------------+ Mr. Murphy has a beneficial interest in 300,000 ordinary shares representing 1.3% of the share capital of the Company. There are no other details specified by schedule 2 paragraph (g) of the AIM and IEX Rules to be disclosed in relation to Mr. Murphy. For further information, please contact: Lapp Plats plc John Craven, CEO,Tel: + 353 1 662 4351 Cenkos Securities Jon Fitzpatrick / Ken Fleming, Tel: +44 (0)131 220 6939 Financial Dynamics Billy Clegg / Edward Westropp, Tel: +44 (0)20 7831 3113 Note to Editors: Lapp Plats plc is an AIM quoted natural resources company. It was founded in 2003 to secure and advance platinum group metal projects in Sweden and over the past 24 months it has been active in expanding its area of activity into the oil and gas sector. This information is provided by RNS The company news service from the London Stock Exchange END BOAFGGGVVKMGLZM
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