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Share Name Share Symbol Market Type Share ISIN Share Description
San Leon Energy Plc LSE:SLE London Ordinary Share IE00BWVFTP56 ORD EUR0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.30 1.15% 26.30 25.50 26.30 18,224 16:35:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.2 -44.6 -7.0 - 132

San Leon Energy PLC Directorate Change

30/06/2020 7:00am

UK Regulatory (RNS & others)


San Leon Energy (LSE:SLE)
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RNS Number : 4446R

San Leon Energy PLC

30 June 2020

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

30 June 2020

San Leon Energy plc

("San Leon" or the "Company")

Directorate Change

San Leon, the independent oil and gas production, development and exploration company focussed on Nigeria, announces that Mark Phillips, Non-Executive Director of the Company, informed the Company on 29 June 2020 that he has decided to step down from the Company with immediate effect.

Oisin Fanning, Chief Executive, commented:

"In the four years since Mark joined our board, our Company has transformed and he leaves us as a successful, cash generative oil & gas company. I am very grateful to him for all the support he has given San Leon and I wish him well in his future plans.

"As has been well publicised, our current nominated adviser, Cantor Fitzgerald Europe, will shortly be ceasing its nominated adviser activities and I am pleased to report that we are in the latter stages of the appointment process with our proposed new nominated adviser. Once their appointment is concluded, it is our intention to work with them to review the composition of our board in line with best practice corporate governance. We expect this is a process that will be carried out during the summer and we envisage appointing at least one new Non-Executive Director of the Company as part of it. I will look forward to updating shareholders on this in the coming months."

Mark Phillips commented:

"After a number of years of challenge and endeavour, the business has progressed to a strong financial position and is well positioned going forward. The moment is right for me to step down, and I wish the Company the very best for its future."

Enquiries:

 
 San Leon Energy plc                                     +353 1291 6292 
 Oisin Fanning, Chief Executive 
 
 Cantor Fitzgerald Europe 
  (Nominated adviser and joint broker to the Company)    +44 207 894 7000 
 David Porter 
  Rick Thompson 
 
 
   Whitman Howard Limited 
   (Joint broker to the Company)                         +44 20 7659 1234 
 Nick Lovering 
 
 Brandon Hill Capital Limited 
  (Joint broker to the Company)                          +44 20 3463 5000 
 Oliver Stansfield 
  Jonathan Evans 
 
 Tavistock 
  (Financial Public Relations)                           +44 20 7920 3150 
 Nick Elwes 
  Simon Hudson 
  Barnaby Hayward 
 
 Plunkett Public Relations                               +353 1 230 3781 
 Sharon Plunkett 
 

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.

END

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June 30, 2020 02:00 ET (06:00 GMT)

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