Ophir Energy Plc CHANGES TO SID AND BOARD COMMITTEE (9252Y)
March 08 2017 - 11:57AM
UK Regulatory
TIDMOPHR
RNS Number : 9252Y
Ophir Energy Plc
08 March 2017
8 March 2017
Ophir Energy PLC
("Ophir" or the "Company")
Changes to Senior Independent Director and Board Committee
Change in Senior Independent Non-Executive Director
Ophir announces that Mr. Ronald (Ron) Blakely will retire from
both the Board and from his role as Senior Independent
Non-Executive Director with effect from 31 March 2017. Mr Blakely
has been a Non-Executive Director of the Company since July 2011
and during that time he has served as the Senior Independent
Non-Executive Director, the Chairman of the Audit Committee as and
a member of Nomination and Remuneration Committees.
At that date Dr Carol Bell will be appointed as Senior
Independent Non-Executive Director. Dr Bell has served as an
independent Non-Executive Director since March 2015 and will
continue to serve as Chairman of the Corporate Responsibility
Committee as well as a member of the Audit and Nomination
Committees.
Change of Board Committee
On the recommendation of the Technical Advisory Committee on 8
March 2017, the Board approved the establishment of a new
formalised Board committee to be known as the Technical and
Reserves Committee ("TR Committee") with immediate effect.
This new committee will replace the Technical Advisory Committee
and will support the Board and the Audit Committee by reviewing,
monitoring and assessing the Company's approach to and management
of reserves data and will evaluate the effectiveness of the
technical and subsurface assurance processes. The Board deems this
change appropriate given that the Company has matured in recent
years and now reports reserves and resources.
The Technical and Reserves Committee will be chaired by Alan
Booth. Other members of this Committee are Bill Schrader, Dr Nick
Cooper, Dr Bill Higgs and Dr Carl Trowell.
The Technical and Reserves Committee will meet at least two
times per year and at such other times as required.
The Committee's terms of reference will be available on the
Company's website at www.ophir-energy.com
Commenting Bill Schrader, Chairman of Ophir Energy said:
"On behalf of the Board, I would like to thank Ron for his long
service and outstanding contribution to Ophir since its IPO in
2011. It has been a pleasure to work alongside him and we wish him
well in his future endeavours.
I would also like to congratulate Carol on her appointment to
the role of Senior Independent Non-Executive Director. She will be
an excellent conduit for shareholders and other stakeholders."
This announcement is in conformity with Listing Rules 9.6.11R
and 9.6.13R.
For Further Information please contact:
Ophir Energy plc +44 (0)20 7811 2400
Philip Laing, General Counsel & Company Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
END
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