Petroceltic International PLC Directorate Change (0107G)
February 26 2015 - 10:15AM
UK Regulatory
TIDMPCI
RNS Number : 0107G
Petroceltic International PLC
26 February 2015
Dublin
26 February 2015
Petroceltic International plc
Directorate Change - Appointment of Non-Executive Directors
Petroceltic International plc ("Petroceltic" or the "Company"),
the oil and gas exploration, development and production company
focused on the Middle East and North Africa, the Mediterranean and
Black Sea regions, is pleased to announce the appointments of
Nicholas Gay and Neeve Billis to the Board of Petroceltic (the
"Board") as Non-Executive Directors with immediate effect. These
appointments were approved by shareholders at the Extraordinary
General Meeting of the Company held on 25 February 2015.
Nicholas Gay
Nicholas Gay is a qualified chartered accountant and taxation
specialist, and an experienced upstream executive with over 30
years' experience in the international oil and gas industry. His
early career began with Arthur Andersen & Co and he went on to
progress in finance and taxation roles in the UK North Sea with
LL&E and Kerr McGee.
Mr. Gay has extensive public markets experience having served in
the positions of Chief Financial Officer of PetroKazakhstan and as
Chief Executive Officer of PetroLatina Energy and Bitech Petroleum.
Subsequently he was CFO, and then CEO, of Compact GTL. Mr Gay was
also a non-executive director of Toreador Resources. Consequently,
Mr Gay has extensive experience in corporate governance and
financial regulatory matters in addition to shareholder and
investment relations activities and equity, loan and debt
financing.
Neeve Billis
Neeve Billis is a highly experienced oil and gas investment
banker with over 30 years' oil sector experience advising both
public and private companies on mergers, acquisitions, disposals,
refinancings and capital raisings. He is currently Global Co-Head
of oil and gas at Rothschild. Mr Billis began his career in the oil
industry at Britoil subsequently working at the Prudential as its
oil sector buy-side analyst prior to joining SG Warburg as a senior
oil and gas equity analyst.
Mr Billis joined Rothschild in 1992. In his role as Managing
Director and Global Co-Head of oil and gas, he has managed a wide
range of oil and gas company client relationships and has also
advised on large scale initial public offerings, debt financings
and privatisations.
Following the appointment of Mr Gay and Mr Billis, the Board
will formally consider the constitution of its Board Committees at
its next scheduled Board meeting.
Robert Adair, Chairman of Petroceltic, commented:
"I am pleased to welcome our two new Non-Executive Directors to
the Board following endorsement by our shareholders. The
appointment of Nicholas Gay and Neeve Billis helps to ensure an
appropriate representation of independent Non-Executive Directors
on the Board of Petroceltic. The appointments also bring suitable
relevant financial experience to the Board, consistent with good
corporate governance requirements".
ENDS
For further information, please contact:
Brian O' Cathain /Tom Hickey, Petroceltic International Tel: +353 (1) 421 8300
Philip Dennis / Rollo Crichton-Stuart, Bell Pottinger Tel: +44 (20) 3772 2500
Douglas Keatinge / Joe Heron, Murray Consultants Tel: +353 (1) 498 0300
John Frain / Roland French, Davy Tel: +353 (1) 679 6363
Additional Information:
Pursuant to Rule 17 and Schedule 2 paragraph (g) of the AIM and
ESM Rules for Companies, the following information in respect of
each of the Non-Executive Directors is disclosed:
Nicholas Hugo Gay, aged 59, is or has been a director or member
of the following companies or partnerships during the previous five
years:
Current Directorships Past Directorships within
last 5 years
British Foundation for CompactGTL Limited
International Reconstructive
Surgery and Training
Mr. Gay was a director of CompactGTL Limited when it entered
administration on 8 January 2014. CompactGTL Limited exited the
administration process on 4 February 2014.
Mr. Gay holds no shares in Petroceltic and, other than as set
out above, there is no further information to be disclosed under
Schedule 2(g) and Rule 17 of the AIM and ESM Rules in respect of
Mr. Gay's appointment as Non-Executive Director.
Neeve Joseph Billis, aged 54, is or has been a director or
member of the following companies or partnerships during the
previous five years:
Current Directorships Past Directorships within
last 5 years
None None
Mr. Billis holds no shares in Petroceltic and, other than as set
out above, there is no further information to be disclosed under
Schedule 2(g) and Rule 17 of the AIM and ESM Rules in respect of
Mr. Billis's appointment as Non-Executive Director.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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