Nostrum Oil & Gas PLC Board Changes (7713W)
November 17 2017 - 1:01AM
UK Regulatory
TIDMNOG
RNS Number : 7713W
Nostrum Oil & Gas PLC
17 November 2017
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT
JURISDICTION
Disclosure of inside information in accordance with Article 17
of Regulation (EU) 596/2014 (16 April 2014) relating to Nostrum Oil
& Gas PLC and Zhaikmunai LLP
Amsterdam, 17 November 2017
Board Changes
Nostrum Oil & Gas PLC (LSE: NOG) ("Nostrum", or "the
Company"), an independent oil and gas company engaging in the
production, development and exploration of oil and gas in the
pre-Caspian Basin, is pleased to announce the appointment by the
Board on 16 November 2017 of: (i) Mr Simon Byrne as a Non-Executive
Director and (ii) Mr Martin Cocker as an Independent Non-Executive
Director, with effect from 16 November 2017. Mr Cocker will also
become a member of the Audit Committee.
Mr Byrne succeeds Mr Pankaj Jain, who steps down from the Board
of the Company with effect from 16 November 2017, as the
representative of Mayfair Investments B.V., the Company's largest
shareholder. Mr Jain has been appointed as an Alternate Director
who may act for Mr Byrne in his absence with effect from the same
date.
Mr Byrne is the Chief Executive Officer of Steppe Capital Pte
Ltd, an investment holding company and international family office
based in Singapore. Steppe Capital holds an indirect interest in
Nostrum through Mayfair Investments. Prior to joining Steppe
Capital in 2008, Mr Byrne worked in corporate and investment
banking for 22 years, including 17 years with ABN AMRO Bank and RBS
Global Banking & Markets where he served as a Managing Director
covering the oil & gas sector. Prior to that he held positions
with Asahi Bank and Manufacturers Hanover Limited.
Mr Cocker is a chartered accountant with over 30 years' business
experience. He has held several line management, project leader and
CEO level positions and currently is an Independent Non-Executive
Director and chairman of the audit committee at Etalon Group PLC
and TCS Group Holdings PLC, both of which are Russia-based entities
listed on the London Stock Exchange, at a UK National Health
Service Foundation Trust and at a UK Building Society. Mr Cocker is
a member of the investment committee of Pride Capital, and
previously held senior positions with Deloitte & Touche, KPMG,
Ernst & Young and Amerada Hess.
Mr Atul Gupta, Nostrum's Chairman, commented: "We are delighted
to strengthen Nostrum's Board by welcoming Simon and Martin as a
Non-Executive Director and Independent Non-Executive Director,
respectively. Their combined years of extensive business experience
and strong backgrounds in the oil and gas and financial services
sectors will further reinforce Nostrum's position as a leading
independent exploration and production company.
We also wish to thank Mr Pankaj Jain for his contribution to the
Company during his five years as a Non-Executive Director on
Nostrum's Board. We are pleased that we will be able to continue to
draw on his expertise while he maintains his relationship with the
Company through his role as Alternate Director."
The Company confirms that for the purposes of paragraph
9.6.13(1) of the Listing Rules of the UK Listing Authority (the
"Listing Rules") Mr Cocker is currently a director of the following
publicly quoted companies:
-- Etalon Group PLC
-- Tinkoff Credit Systems Group Holdings
Mr Cocker does not hold any other directorships in any other
publicly quoted companies and has not done so at any time in the
previous five years.
The Company confirms that there is no other information
regarding Mr Byrne, Mr Cocker or Mr Jain that must be disclosed
under paragraph 9.6.13 of the Listing Rules.
LEI: 2138007VWEP4MM3J8B29
Further information:
For further information please visit www.nog.co.uk
Further enquiries:
Nostrum Oil & Gas PLC - Investor Relations
Kirsty Hamilton-Smith
Amy Barlow
ir@nog.co.uk
+ 44 (0) 203 740 7430
Instinctif Partners - UK
David Simonson
Laura Syrett
George Yeomans
+ 44 (0) 207 457 2020
Promo Group Communications - Kazakhstan
Asel Karaulova
+ 7 (727) 264 67 37
Notifying person
Thomas Hartnett
Company Secretary
About Nostrum
Nostrum Oil & Gas PLC is an independent oil and gas company
currently engaging in the production, development and exploration
of oil and gas in the pre-Caspian Basin. Its shares are listed on
the London Stock Exchange (ticker symbol: NOG). The principal
producing asset of Nostrum is the Chinarevskoye field, in which it
holds a 100% interest and is the operator through its wholly-owned
subsidiary Zhaikmunai LLP. In addition, Nostrum holds a 100%
interest in and is the operator of the Rostoshinskoye, Darinskoye
and Yuzhno-Gremyachenskoye oil and gas fields through the same
subsidiary. Located in the pre-Caspian basin to the north-west of
Uralsk, these exploration and development fields are situated
approximately 60 and 120 kilometres respectively from the
Chinarevskoye field.
Forward-Looking Statements
Some of the statements in this document are forward-looking.
Forward-looking statements include statements regarding the intent,
belief and current expectations of the Group or its officers with
respect to various matters. When used in this document, the words
"expects," "believes," "anticipates," "plans," "may," "will,"
"should" and similar expressions, and the negatives thereof, are
intended to identify forward-looking statements. Such statements
are not promises or guarantees, and are subject to risks and
uncertainties that could cause actual outcomes to differ materially
from those suggested by any such statements.
No part of this announcement constitutes, or shall be taken to
constitute, an invitation or inducement to invest in the Company or
any other entity, and shareholders of the Company are cautioned not
to place undue reliance on the forward-looking statements. Save as
required by the Listing Rules and applicable law, the Company does
not undertake to update or change any forward-looking statements to
reflect events occurring after the date of this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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