Sterling Energy PLC Board Changes and Director Appointments (6610U)
January 20 2017 - 1:00AM
UK Regulatory
TIDMSEY
RNS Number : 6610U
Sterling Energy PLC
20 January 2017
20 January 2017
Board Changes and Director Appointments
Sterling Energy plc (the "Company"), the AIM listed oil and gas
exploration company (AIM: SEY), is pleased to announce, with
immediate effect, the appointments of Mr Michael Kroupeev to the
position of Non-Executive Chairman, Mr Leo Koot as the Senior
Independent Non-Executive Director and Mr Ilya Belyaev as a
Non-Executive Director.
Mr Michael Kroupeev - Non-Executive Chairman
Mr Kroupeev, who joined the Company's Board as a Non-Executive
Director in May 2016, has been appointed by the Board as
Non-Executive Chairman. Mr Kroupeev has over 20 years' experience
working within the exploration and production sector. In 1995, Mr
Kroupeev founded Waterford Finance and Investment Limited
("Waterford"), whom beneficially own 65,785,517 Ordinary Shares in
the Company (equivalent to approximately 29.9% of the entire issued
share capital of the Company).
Mr Leo Koot - Senior Independent Non-Executive Director
Mr Koot has over 28 years' experience in the Energy sector and
an MSc in Petroleum Engineering from Delft University, The
Netherlands. Following a successful start to his career with Shell
International, he has been involved in multiple successful business
start-ups of scale including EDP Ltd, TAQA Bratani (UK) Ltd and
TAQA Iraq BV.
Mr Ilya Belyaev - Non-Executive Director
Since 2011, Mr Belyaev has acted as investor in private equity
and venture capital projects via Supremum Capital and Concentric
VC, having closed over a dozen transactions in Russia and UK with a
focus on finance and real estate sectors. Prior to moving into
private equity and venture capital, Mr Belyaev spent over 8 years
in investment banking at JPMorgan, Barclays Capital and VEB Capital
in London and Moscow. Mr Belyaev graduated with distinction from
Moscow State University with a MSc in Mathematics.
Mr Belyaev has been appointed to the Board as the nominee of
Mistyvale Limited ("Mistyvale"), a company that beneficially owns
34,467,790 Ordinary Shares in Sterling (equivalent to approximately
15.7% of the entire issued share capital of the Company).
Board Committees
As a result of the above-noted changes, with effect from 20
January 2017, Mr Koot and Mr Belyaev have been appointed to the
Audit Committee and Remuneration Committee, which shall both be
chaired by Mr Koot. In addition, Mr Kroupeev, Mr Koot, Mr Belyaev
and Mr Eskil Jersing (CEO) have been appointed to the Nominations
Committee, which shall be chaired by Mr Kroupeev.
The terms of reference for each committee are available on the
Company's website noted below.
Comment
Eskil Jersing, the Company's Chief Executive Officer said:
"Michael transitioning to the Chairman's role will help further
align our business strategy, operational focus and aspirations to
those of the shareholders. Ilya will no doubt bring a refreshing
perspective to the business and we will endeavour to leverage his
financial and entrepreneurial experience. I am also delighted that
Leo will be joining the Board; he will bring deep and broad ranging
business development, financial and engineering expertise to help
move the Company forward. Collectively, I expect these appointments
will ensure continued focus on managing our asset base, in parallel
to successfully executing M&A led activities to transform the
Company in the near term."
Further Information
This announcement is inside information for the purposes of
Article 7 of Regulation 596/2014.
Further information can be found on the Company's website at
www.sterlingenergyplc.com
Sterling Energy plc Tel: +44 20 7405 4133
Eskil Jersing (CEO)
Michael Kroupeev (Chairman)
Peel Hunt LLP Tel: +44 20 7418 8900
Richard Crichton
Ross Allister
In accordance with the AIM Rules, the following information
required to be disclosed is set out below. Other than this
information, there is no further information required to be
disclosed under paragraph (g) of Schedule 2 of the AIM Rules.
Full name and age: Leo Willem Koot, aged
53
------------------------------- -----------------------------
Current Directorships Avanti Energy & Real Estate
B.V.
Avanti Energy FZ LLC
------------------------------- -----------------------------
Former Directorships (previous TAQA Bratani Limited
5 years) TAQA Bratani LNS Limited
The UK Oil and Gas Industry
Association Limited
------------------------------- -----------------------------
Full name and age: Ilya Belyaev, aged 35
------------------------------- -------------------------------
Current Directorships Supremum Capital LLC
SK Investments LLC
Dom Finans LLC
Staroe Melkovo Trade House
JSC
------------------------------- -------------------------------
Former Directorships (previous Intellectual Payments
5 years) LLC
InPlat Technologies LLC
Control Leasing LLC
SG-Trans JSC
Avesa JSC
Central Geophysics Expedition
JSC
Soyuzmorgeo JSC
Moscow Pharmaceuticals
Plant Semashko JSC
Moscow Oil & Lubricants
Plant JSC
------------------------------- -------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOAGGUMCGUPMGQB
(END) Dow Jones Newswires
January 20, 2017 02:00 ET (07:00 GMT)
Afentra (LSE:AET)
Historical Stock Chart
From Apr 2024 to May 2024
Afentra (LSE:AET)
Historical Stock Chart
From May 2023 to May 2024