Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Sterling Energy Plc LSE:SEY London Ordinary Share GB00B4X3Q493 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.10 0.58% 17.45 17.30 17.60 18.00 17.00 17.00 1,449,238 16:35:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -1.2 -0.5 - 38

Sterling Energy PLC Directorate Change

07/12/2020 7:00am

UK Regulatory (RNS & others)


Sterling Energy (LSE:SEY)
Historical Stock Chart


From Nov 2020 to Feb 2021

Click Here for more Sterling Energy Charts.

TIDMSEY

RNS Number : 6543H

Sterling Energy PLC

07 December 2020

7 December 2020

S terling Energy p lc

Directorate Change

Sterling Energy plc ('Sterling' or the 'Company') an upstream oil and gas company listed on the AIM market of the London Stock Exchange (Ticker Symbol: SEY) is pleased to announce the appointment of Mr Tony Hawkins as its Chief Executive Officer.

Mr Hawkins will succeed Mr David Marshall who has, by mutual consent, stepped down as Chief Executive Officer and as a Director of the Company with immediate effect.

Mr Hawkins will be appointed to the Board of Directors with immediate effect and will take up his executive position as Chief Executive Officer on 1 January 2021. Mr Marshall will remain available until the end of 2020 in order to affect an orderly handover. In the interim period, Mr Michael Kroupeev (the Company's Non-Executive Chairman) will temporarily move to Executive Chairman.

Background

Tony is an experience oil & gas executive, with over 20 years' experience as a CEO, senior commercial advisor and legal counsel. He has worked extensively in oil & gas but also across the broader energy sector, including power, infrastructure and renewables. He is an English and Australian qualified lawyer, who has worked in both private practice and in-house roles.

Until August 2020, Tony was the Chief Executive Officer of Columbus Energy Resources plc ("Columbus"), an AIM listed oil & gas company with operations in Trinidad and Suriname. Columbus was successfully sold to Bahamas Petroleum Company plc in August 2020.

Tony is currently a Non-Executive Director of Lekoil Limited, an AIM listed company with operations in Nigeria.

Prior Columbus, Tony was General Counsel & Head of Commercial for Sterling from January 2013 to July 2017. Prior to Sterling, Tony spent six years at Centrica plc (a FTSE 100 listed utility), where he had several roles, including interim General Counsel for Centrica Energy. Prior to that, he worked for ten years in private practice in Australia and the UK.

Tony is a member of the Association of International Petroleum Negotiators and was previously a member of the legal committee of OGUK where he was instrumental in helping to develop the standard DES LNG Master Sale Agreement for the European Federation of Energy Traders.

Sterling Energy Plc's Chairman, Michael Kroupeev, said:

"I'd like to thank David for all his work and effort since his appointment in June 2018. It is well known that oil and gas markets have had a turbulent time in the last few years and David has steered the Company safely through those periods. We wish David every success in his future endeavours."

"We are delighted to welcome Tony back to Sterling as our CEO, he will make a great addition to the team. His specialist experience and expertise in E&P, power, LNG and the renewables sectors will be invaluable to the Company. I look forward to working with him to continue our strategy and to evolve it as need be for the current markets."

Tony Hawkins, said:

"I am very pleased to return to Sterling and I am very much looking forward to working again with the Board and the team to implement the Company's strategy. Sterling retains a strong position in the sector due to its cash position and I am confident we will find the right strategy to take advantage of the current market conditions in oil & gas and the energy markets in general."

Regulatory

The information included below is required under Rule 17 of the AIM Rules for Companies ("AIM Rules") and Schedule Two Paragraph (g) of the AIM Rules:

Anthony James Hawkins, aged 49

 
 Current Directorships:            Past Directorships (within the last 
                                    5 years): 
 Anthony Hawkins Consulting GmbH   Columbus Energy Resources plc 
                                  ------------------------------------ 
 Great Holt Management Company 
  Limited 
                                  ------------------------------------ 
 Lekoil Limited 
                                  ------------------------------------ 
 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For furth er information c ontact:

Ticker Symbol: SEY

S terling Energy p lc + 44 (0)20 7405 4133

www.ster li n g ener g y p l c.com

Michael Kroupeev, Chairman

Peel Hunt LLP +44 (0)20 7418 8900

Richard Crichton

David McKeown

The Company is an experienced operator of international exploration and production licences, with a primary geographic focus on emerging markets including, Africa and the Middle East, although the Board would consider other regions for material opportunities. The Group has a high potential exploration asset in Somaliland and an active strategy to deliver shareholder value through disciplined, exploration and production projects; leveraging the Company's experience, with an emphasis on securing near term cash flow generative opportunities.

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

BOAKZMGZDDVGGZM

(END) Dow Jones Newswires

December 07, 2020 02:00 ET (07:00 GMT)

1 Year Sterling Energy Chart

1 Year Sterling Energy Chart

1 Month Sterling Energy Chart

1 Month Sterling Energy Chart
ADVFN Advertorial
Your Recent History
LSE
SEY
Sterling E..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20210227 16:35:37