19 June 2024
Kistos
Holdings plc
("Kistos"
or the "Company")
Directorate
Changes
Appointment of Independent
Non-Executive Director
Kistos (LSE: KIST), the low carbon
intensity energy producer pursuing a strategy to acquire assets
with a role in energy transition, is pleased to announce the
appointment of Stephen Pawson to the Board as an independent
Non-Executive Director with immediate effect. Stephen will replace
Julie Barlow, who today steps down from the Board to focus on other
professional commitments.
Mr. Pawson has 40 years' finance
experience in the oil and gas exploration and production sector. He
spent ten years both with Phillips Petroleum and ARCO British,
fulfilling various financial roles in the UK and overseas. He then
joined Star Energy, where he set up the finance function and was
involved in its IPO in 2004, which was the largest on AIM that
year. From 2017 to 2019, Mr. Pawson was the Finance Director of
RockRose Energy plc where he was again involved in setting up the
finance function, incorporating several acquisitions, and in
various funding/financing activities. In August 2023, he was
appointed a non-executive director of Axies Ventures Ltd, a startup
company involved in non-ferrous minerals exploration.
Commenting, Andrew Austin, Kistos' Executive Chairman,
said:
"I am pleased to
announce that Steve has agreed to join the Kistos Holdings plc
Board. His knowledge and experience will be invaluable as we
continue to grow the business for the benefit of all
stakeholders."
"I would like to express a huge debt
of gratitude to Julie, who has served Kistos tirelessly since its
inception in 2020. Her contribution over the past four years helped
the business navigate its IPO and first acquisition, as well as the
subsequent expansion into two new countries and into the gas
storage industry."
Stephen Hargrave Pawson (aged 68)
Stephen Pawson does not own any
shares in the Company.
Current Directorships
Axies Ventures Ltd.
Evans & Pawson Ltd.
Previous Directorships (within 5 years)
Waters Evans Pawson & Filbin
Ltd.
Lythe Hill Park Management Company
Ltd.
Lythe Hill Park Ltd.
There is no further information to be
disclosed pursuant to paragraph (g) of Schedule 2 of the AIM
Rules.
ENDS
Enquiries:
|
Kistos
Holdings plc
Andrew Austin / Peter Mann
|
via Hawthorn
Advisors
|
|
Panmure Gordon
(NOMAD, Joint Broker)
James Sinclair-Ford / Dougie McLeod
|
Tel: 0207
886 2500
|
|
Berenberg
(Joint Broker)
Matthew Armitt / Ciaran Walsh
|
Tel: 0203 207
7800
|
|
Hawthorn
Advisors (Public Relations Advisor)
Henry Lerwill / Simon Woods
|
Tel: 0203 745
4960
|
|
Camarco
(Public Relations Advisor)
Billy Clegg
|
Tel: 0203 757
4983
|
Notes to editors
Kistos plc was established to acquire
and manage companies in the energy sector engaging in the energy
transition trend. The Company has undertaken a series of
transactions including the acquisition of a portfolio of highly
cash generative natural gas production assets in the Netherlands
from Tulip Oil Netherlands B.V. in 2021. This was followed in July
2022, with the acquisition of a 20% interest in the Greater Laggan
Area (GLA) from TotalEnergies, which includes four producing gas
fields and a development project. In May 2023, Kistos completed its
third acquisition, acquiring the total share capital of Mime
Petroleum and its Norwegian Continental Shelf Assets. These
comprise a 10% stake in the Balder joint venture spanning Balder
and Ringhorne oil fields.
Kistos is a low carbon intensity gas
producer with Estimated Scope 1 CO₂ emissions from its operated
activities offshore of less than 0.01 kg/boe in 2022 (excluding
necessary flaring during drilling campaigns).
https://kistosplc.com/