5 December 2024
Global Petroleum
Limited
("Global"
or "the Company")
Board
Changes and Director Appointment
The Company is pleased to announce
the appointments of Brian Chu to the Company's board of directors
("Board") as Non-Executive Director and Company Secretary. Andrew
Draffin has retired from board effective immediately in his role as
Non-Executive Director to focus on his financial services business
and will remain as Co-Company Secretary for a transition period of
three months until March 5, 2025, thereafter Brian Chu will be sole
Company Secretary.
The Company would like to thank
Andrew for his contribution during his tenure and wishes him well
for the future.
Brian Chu - Non-Executive Director
Brian brings a wealth of experience
in finance, investment analysis, and academic leadership. He is the
Founding Director of the Australian Gold Fund, focusing on research
and investment in ASX and NYSE-listed gold mining companies.
Additionally, Brian is the Precious Metals Editor at Fat Tail
Investment Research, where he analyses gold markets and mining
companies, producing investment reports and hosting industry
discussions.
Brian began his career in actuarial
consulting and progressed to roles in academia, including serving
as an Adjunct Assistant Professor in Finance and Financial
Modelling at SP Jain College of Global Management. He has also
contributed to the development of university-level finance and
actuarial courses in Australia.
Brian holds a Master of Commerce
(Actuarial Studies), a Bachelor of Applied Finance, and a Bachelor
of Commerce (Actuarial Studies) from Macquarie University. He was
an Associate of the Institute of Actuaries of Australia from 2006
to 2021.
Additional disclosures
Brian Cho has agreed to receive 20%
of his remuneration in shares each quarter, with the number of
shares to be issued determined based on the preceding 5 day
VWAP.
The following details in relation to
the appointments are disclosed in accordance with Schedule 2(g) of
the AIM Rules:
Brian Chu (aged
42)
The names of all companies and
partnerships of which Brian Chu is, or has been a director or
partner at any time in the previous five years, are set out
below:
|
Current directorships or partnerships
B & C Chu Holdings Pty
Ltd
B & C CHU Wealth Holdings Pty
Ltd
The Trustee of The Australian Gold
Fund Trust
|
Previous directorships or partnerships (in the last five
years)
|
For
further information, please visit http://www.globalpetroleum.com.au/ or
contact:
|
Global Petroleum Limited
|
info@glo-pet.com
|
|
Brian Chu, Company Secretary and
Non-Executive Director
|
|
|
SPARK Advisory Partners Limited (Nominated
Adviser)
|
+44 (0) 20 3368 3555
|
|
Andrew Emmott
|
|
|
CMC
Markets (Broker)
Tom Curran/Thomas Smith
|
+44 (0) 20 7170 8200
|
|
|
|
|
SI
Capital Limited
|
+44 (0) 148 341 3500
|
|
Nick Emerson/Nick Briers
|
|
|
Tavistock (Financial PR & IR)
Simon Hudson / Nick Elwes
|
+44 (0) 20 7920 3150
|
This announcement has been issued by
and is the sole responsibility of the Company.