Soco International PLC Directorate Change (7898O)
May 22 2018 - 5:43AM
UK Regulatory
TIDMSIA
RNS Number : 7898O
Soco International PLC
22 May 2018
SOCO International plc
("SOCO" or the "Company" or, together with its subsidiaries, the
"Group")
DIRECTORATE CHANGES
Appointment of Non-Executive Director
SOCO International plc is pleased to announce that John Martin
has been appointed as an Independent Non-Executive Director with
effect from conclusion of the Company's Annual General Meeting
(AGM) on 7 June 2018. John will serve as a member of the
Nominations Committee and the Remuneration Committee, and as the
Chair of the Audit and Risk Committee, replacing the current Chair,
Rob Gray, in that role.
John has more than 30 years' experience in international banking
in the oil and gas industry and, until recently, was a Senior
Managing Director in the Oil and Gas team at Standard Chartered
Bank. Prior to joining Standard Chartered in 2007, John worked for
ABN Amro for 26 years, specialising in the oil and gas sector. John
has served as Senior Vice President of the World Petroleum Council,
and as an Independent Non-Executive Director of Rockhopper
Exploration plc. He was previously Chairman of Falkland Oil and Gas
Limited, an Independent Non-Executive Director on the board of
Bowleven plc and, an Independent Non-Executive Director and Chair
of the Audit Committee of Total E&P UK Limited.
The Group confirms that there are no additional matters
requiring disclosure under Rule 9.6.13 of the Listing Rules beyond
the directorships set out in the preceding paragraph.
Retirement of Non-Executive Director
SOCO also announces that Olivier Barbaroux, Non-Executive
Director, will retire from the Board of SOCO at the conclusion of
the Company's forthcoming AGM. Accordingly, resolution 7 within the
notice of the AGM, proposing the re-appointment of Olivier
Barbaroux, will be withdrawn from consideration at the meeting.
Rui de Sousa, Non-Executive Chairman, commented:
"Olivier has been a director of SOCO during its formative years
and I thank him for his long and distinguished service to the
company and wish him every happiness in his retirement. I am
delighted to welcome John Martin to the Board. John brings a wealth
of experience and expertise that will be valuable in SOCO's next
phase of growth."
ENQUIRIES:
SOCO International plc Tel: 020 7747 2000
Ed Story, President and Chief Executive Officer
Jann Brown, Managing Director and Chief Financial Officer
Mike Watts, Managing Director
Sharan Dhami, Group Investor Relations Manager
Camarco Tel: 020 3757 4980
Billy Clegg
Georgia Edmonds
Owen Roberts
NOTES TO EDITORS
SOCO is an international oil and gas exploration and production
company, headquartered in London and traded on the London Stock
Exchange. The Company has field development and production
interests in Vietnam and exploration and appraisal interests in the
Republic of Congo (Brazzaville) and Angola.
SOCO holds a 30.5% working interest in the Te Giac Trang Field
of Block 16-1, which is operated by the Hoang Long Joint Operating
Company. Block 16-1 is located in the shallow water Cuu Long Basin,
offshore southern Vietnam.
SOCO holds a 25% working interest in the Ca Ngu Vang field of
Block 9-2, which is operated by the Hoan Vu Joint Operating
Company. Block 9-2 is located in the shallow water Cuu Long Basin,
offshore southern Vietnam.
SOCO holds a 40.39% interest in and is designated operator of
the Marine XI Block, located in the shallow water Lower Congo Basin
offshore, offshore the Republic of Congo (Brazzaville).
SOCO holds a 22% interest in the Production Sharing Agreement
for the Cabinda North Block onshore the Angolan enclave of
Cabinda.
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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