Volga Gas PLC Directorate Changes (8951G)

TIDMVGAS

RNS Number : 8951G

Volga Gas PLC

20 March 2020

20 March 2020

Volga Gas plc

("Volga Gas", the "Company" or the "Group")

Directorate Changes

Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to announce that Stewart Dickson and Andrei Yakovlev have been appointed as independent non-executive directors of the Company with immediate effect.

Mr Dickson has significant corporate and commercial experience across the natural resources and financial services sectors. He is currently Chief Executive Officer of ASX listed Variscan Mines Limited and is a non-executive director of LSE listed Trans-Siberian Gold plc. He previously worked as a corporate finance director for over ten years, advising on equity capital markets and M&A in the mining and oil sectors, working at Daniel Stewart & Co, Seymour Pierce and latterly at Cantor Fitzgerald Europe. Prior to his finance career, he served as an officer in the British Army.

Dr. Yakovlev is a City lawyer with 25 years of experience with leading international law firms in corporate finance, M&A, corporate governance and dispute resolution in the areas of foreign investment, M&A, joint ventures and fraud. He is qualified in law in Russia, New York and England. He is currently a partner at King & Wood Mallesons, having joined his present firm in 2014. He has dual Russian and British citizenship.

The Company also announces that Mr Vladimir Koshcheev, who has served as a non-executive director of since 2007, has decided to retire from the Board at the Company's next Annual General Meeting.

Mikhail Ivanov, Chairman of Volga Gas said "I am delighted to welcome these two highly qualified individuals to the Board and look forward to working with them to ensure good corporate governance and strategic leadership in the interest of all shareholders. I would also like to express my personal thanks and appreciation to the support and advice I and Volga Gas have received from Vladimir Koshcheev for these many years."

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

For further information, please contact:

 
 Volga Gas plc 
                                                  [phone] 
 Andrey Zozulya, Chief Executive Officer           [phone] 
  Vadim Son, Chief Financial Officer               [phone] 
  Tony Alves, Investor Relations Consultant        342 
 
                                                  [phone] 
 S.P. Angel Corporate Finance LLP                  0470 
 Richard Morrison, Richard Hail, Soltan Tagiev 
 
                                                  [phone] 
 FTI Consulting                                    1000 
 A lex Beagley , Fern Duncan 
 

Appendix

The information required by Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules for Companies in relation to the appointment of Stewart James Dickson (formerly, Dick) (aged 42) and Andrei Yakovlev (aged 50), are as follows:

 
 Name                    Current Directorships          Past Directorships within 
                                                         5 years 
 Stewart James Dickson   Variscan Mines Limited         Variscan Mines SASU 
                        -----------------------------  -------------------------- 
                         Variscan Mines Europe 
                          Limited 
                        -----------------------------  -------------------------- 
                         Trans-Siberian Gold 
                          Plc 
                        -----------------------------  -------------------------- 
                         FELDI Limited 
                        -----------------------------  -------------------------- 
                         Manstone Resources 
                          Plc 
                        -----------------------------  -------------------------- 
                         Cantor Fitzgerald LP 
                        -----------------------------  -------------------------- 
 Andrei Yakovlev         King & Wood Mallesons          King & Wood Mallesons 
                          (MENA) LLP                     LLP 
                        -----------------------------  -------------------------- 
                         Yeartrend Property 
                          Management Ltd 
                        -----------------------------  -------------------------- 
                         93 Linden Gardens Management 
                          Ltd 
                        -----------------------------  -------------------------- 
 

Neither Stewart Dickson nor Andrei Yakovlev has a beneficial interest in the ordinary shares of the Company.

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END

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March 20, 2020 03:00 ET (07:00 GMT)