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Share Name Share Symbol Market Type Share ISIN Share Description
Providence Resources Plc LSE:PVR London Ordinary Share IE00B66B5T26 ORD EUR0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.125 -3.91% 3.075 3.05 3.10 3.25 3.05 3.20 2,203,223 14:48:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -18.1 -3.0 - 26

PROVIDENCE RES. Appointment Of Chief Executive Officer

09/01/2020 7:00am

UK Regulatory (RNS & others)


 
TIDMPVR 
 
   This announcement contains inside information within the meaning of the 
EU Market Abuse Regulation 596/2014. Upon the publication of this 
announcement, this inside information is now considered to be in the 
public domain. 
 
   Providence Resources P.l.c. 
 
   Appointment of Chief Executive Officer 
 
   Dublin and London -- January 9, 2020 - Providence Resources P.l.c. 
("Providence" or the "Company"), the Irish based energy company, today 
announces that Alan Linn has been appointed Chief Executive Officer of 
the Company with immediate effect. He also joins the board as an 
executive director. 
 
   Alan has over 35 years of international oil and gas industry experience 
with a successful track record of operating and developing businesses in 
diverse and often challenging environments. He has over ten years 
leadership experience as an executive director working with listed oil 
and gas companies, and a proven ability to devise and implement 
strategic change within established businesses. Having established his 
career originally in the UK, he subsequently worked internationally with 
Lasmo, Cairn Energy, Tullow Oil, ROC Oil, and with Afren PLC as part of 
a restructuring process. He joins Providence from Third Energy Onshore 
where he was Chief Executive Officer. Alan is a Chemical Engineer and 
lives in Ireland. 
 
   Pat Plunkett, Chairman of Providence, commented: 
 
   "I am pleased that Alan has agreed to join Providence at this time of 
significant opportunity within the Company. He has the ideal mix of 
operational and strategic experience for the position, and will bring 
valuable insights to the board as we rebuild the business after the 
challenging past year. Alan recognizes the considerable potential of the 
Company's assets, in particular Barryroe, and I am sure he will enhance 
our options in taking this exciting project to the next stage. I look 
forward to working with him in the coming years" 
 
   Alan Linn, CEO of Providence, commented 
 
   "I am delighted to be joining Providence and look forward to working 
with the team. The opportunity to lead the commercialisation of an oil 
and gas field with the potential of Barryroe is very compelling. I look 
forward to working with the board to bring new investment into the 
project to ensure value creation at the earliest opportunity" 
 
   Disclosures required pursuant to Schedule 2, paragraph (g) of the AIM 
Rules for Companies and Schedule 2, paragraph (g) of the Euronext Growth 
Rules 
 
   Mr Alan Scott Linn aged 62, holds or has held the following 
directorships and/or partnerships in the previous five years: 
 
 
 
 
Current Directorships            Past Directorships 
UK Onshore Oil & Gas             DNO North Sea (ROGB) Limited 
ROC Oil (Malaysia) Pty Limited*  ROC Oil (Europe) Limited 
Afren PLC                        Afren Energy International PLC 
                                 Afren International Limited 
                                 Afren Finance PLC 
                                 Afren Assets Limited 
                                 ROC Oil (GB Holdings) Limited 
                                 Croft Exploration Limited 
                                 ROC Oil (Malaysia) Pty Limited** 
                                 Anzon Energy Pty Limited 
                                 ROC Oil (Finance) Pty Limited 
                                 ROC Oil (GB) Limited 
                                 ROC Oil (Ventures) Pty Limited 
                                 ROC Oil (VIC) Pty Limited 
                                 ROC Oil Australia Holdings Pty Ltd 
                                 ROC Oil Company Pty Limited 
                                 ROC Oil Chinguetti) B.V. 
                                 ROC Oil International Holdings Pty Ltd 
                                 Triangle Energy (Operations) Pty Ltd 
                                 ROC Oil (Tasman) Pty Limited 
                                 ROC Oil (Exploration No. 1) Pty Limited 
                                 ROC Oil (Chinguetti) B.V. 
                                 BC Petroleum Sdn Bhd 
                                 ROC Oil (Sarawak) Sdn Bhd 
                                 ROC Oil Malaysia (Holdings) Sdn Bhd 
                                 ROC Oil (Falklands) Limited 
                                 ROC Oil (North Sea) Limited 
                                 Third Energy Onshore Limited 
                                 Third Energy Trading Limited 
                                 Third Energy UK Gas Limited 
                                 ROC Oil (China) Company 
                                 ROC Oil (Bohai) Company 
 
 
   * Malaysian company 
 
   ** Australian company 
 
   Mr. Linn was previously a director of Afren PLC, a company formerly 
listed on the London Stock Exchange. Afren PLC was placed in 
administration at the time Mr. Linn was a director of the company. 
 
   Save for the above, there is no further information required to be 
disclosed under paragraph (g) of Schedule Two of the AIM Rules for 
Companies or paragraph (g) of Schedule Two of the Euronext Growth Rules, 
with respect to the appointment of Alan Linn. 
 
 
 
 
ENQUIRIES 
--------------------------- 
Providence Resources P.l.c.    Tel: +353 1 219 4074 
Pat Plunkett 
 
Cenkos Securities plc          Tel: +44 131 220 9771 
Neil McDonald/Derrick Lee 
 
J&E Davy                       Tel: +353 1 679 6363 
Anthony Farrell 
 
Mirabaud Securities Limited    Tel: + 44 20 3167 7221 
Peter Krens 
 
MEDIA ENQUIRIES 
--------------------------- 
Murray Consultants             Tel: +353 1 498 0300 
Pauline McAlester 
 
   ABOUT PROVIDENCE RESOURCES PLC 
 
   Providence Resources is an Irish based Energy Company with a portfolio 
of appraisal and exploration assets located offshore Ireland. 
Providence's shares are quoted on the AIM in London and the Euronext 
Growth Market in Dublin. Further information on Providence can be found 
on www.providenceresources.com 
 
   FORWARD-LOOKING STATEMENTS 
 
   This announcement contains certain forward-looking statements. Actual 
results may differ materially from those projected or implied in such 
forward-looking statements. Such forward-looking information involves 
risks and uncertainties that could significantly affect expected 
results. No representation is made that any of those statements or 
forecasts will come to pass or that any forecast results will be 
achieved. You are cautioned not to place any reliance on such statements 
or forecasts. Those forward-looking and other statements speak only as 
at the date of this announcement. Providence Resources Plc undertakes no 
obligation to update any forward-looking statements. 
 
 
 
 

(END) Dow Jones Newswires

January 09, 2020 02:00 ET (07:00 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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