San Leon Energy PLC Directorate Change (4446R)
June 30 2020 - 1:00AM
UK Regulatory
TIDMSLE
RNS Number : 4446R
San Leon Energy PLC
30 June 2020
The information communicated within this announcement is deemed
to constitute inside information as stipulated under the Market
Abuse Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
30 June 2020
San Leon Energy plc
("San Leon" or the "Company")
Directorate Change
San Leon, the independent oil and gas production, development
and exploration company focussed on Nigeria, announces that Mark
Phillips, Non-Executive Director of the Company, informed the
Company on 29 June 2020 that he has decided to step down from the
Company with immediate effect.
Oisin Fanning, Chief Executive, commented:
"In the four years since Mark joined our board, our Company has
transformed and he leaves us as a successful, cash generative oil
& gas company. I am very grateful to him for all the support he
has given San Leon and I wish him well in his future plans.
"As has been well publicised, our current nominated adviser,
Cantor Fitzgerald Europe, will shortly be ceasing its nominated
adviser activities and I am pleased to report that we are in the
latter stages of the appointment process with our proposed new
nominated adviser. Once their appointment is concluded, it is our
intention to work with them to review the composition of our board
in line with best practice corporate governance. We expect this is
a process that will be carried out during the summer and we
envisage appointing at least one new Non-Executive Director of the
Company as part of it. I will look forward to updating shareholders
on this in the coming months."
Mark Phillips commented:
"After a number of years of challenge and endeavour, the
business has progressed to a strong financial position and is well
positioned going forward. The moment is right for me to step down,
and I wish the Company the very best for its future."
Enquiries:
San Leon Energy plc +353 1291 6292
Oisin Fanning, Chief Executive
Cantor Fitzgerald Europe
(Nominated adviser and joint broker to the Company) +44 207 894 7000
David Porter
Rick Thompson
Whitman Howard Limited
(Joint broker to the Company) +44 20 7659 1234
Nick Lovering
Brandon Hill Capital Limited
(Joint broker to the Company) +44 20 3463 5000
Oliver Stansfield
Jonathan Evans
Tavistock
(Financial Public Relations) +44 20 7920 3150
Nick Elwes
Simon Hudson
Barnaby Hayward
Plunkett Public Relations +353 1 230 3781
Sharon Plunkett
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END
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