Lekoil Limited Directorate Changes (2689K)
April 21 2020 - 1:00AM
UK Regulatory
TIDMLEK
RNS Number : 2689K
Lekoil Limited
21 April 2020
21 April 2020
Lekoil Limited
("LEKOIL" or the "Company")
Directorate Changes
LEKOIL (AIM: LEK), the oil and gas exploration and production
company with a focus on Nigeria and West Africa, announces the
resignation of Mr. Hezekiah Adesola Oyinlola and Mr. Thomas Schmitt
as Non-Executive Directors.
Further to the implementation of the Company's general and
administrative ("G&A") cost reduction measures, Mr. Oyinlola
and Mr. Schmitt have voluntarily resigned from the Company's Board
of Directors with immediate effect. Following these departures, Mr.
Anthony Hawkins will assume the role of Chairman of the Audit
Committee, and Mrs. Aisha Muhammed Oyebode will retain her role as
the Chairman of the Remuneration Committee.
Hezekiah Adesola Oyinlola, Non-Executive Director, commented,
"As a member of the LEKOIL Board for almost five years, I have had
the opportunity to be part of a great team building a collection of
world class assets. I am grateful for the opportunity and will
remain a strong supporter of the LEKOIL team whom I wish the best
of luck in the years ahead."
Thomas Schmitt, Non-Executive Director, commented, "It has been
a pleasure to be part of the LEKOIL Board and team. I am confident
that despite the current challenges within the oil and gas
industry, the Company has the wealth of experience, resources and
ability to handle what are indeed unprecedented times in the global
economy and emerge even better equipped to generate value for all
stakeholders."
Samuel Adegboyega, Chairman of LEKOIL, commented, "On behalf of
the Board, we would like to thank Sola and Tom for their
contributions to LEKOIL and wish them both well in their future
endeavors."
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014. Upon the publication of
this announcement via the Regulatory Information Service, this
inside information is now considered to be in the public
domain.
For further information, please visit www.lekoil.com or
contact:
LEKOIL Limited
Ore Bajomo, Investor Relations +44 20 7457 2020
Strand Hanson Limited (Financial &
Nominated Adviser)
James Spinney / Ritchie Balmer / Georgia
Langoulant +44 20 7409 3494
Mirabaud Securities Limited (Joint
Broker) +44 20 7878 3362 / +44 20
Peter Krens / Edward Haig-Thomas 7878 3447
Numis Securities Limited (Joint Broker)
John Prior / Emily Morris +44 20 7260 1000
Instinctif (Financial PR) +44 20 7457 2020
Mark Garraway / Dinara Shikhametova lekoil@instinctif.com
/ Sarah Hourahane
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014. Upon the publication of
this announcement via the Regulatory Information Service, this
inside information is now considered to be in the public
domain.
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.
END
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