Upland Resources Limited Board Changes (5441Y)
September 10 2020 - 01:00AM
UK Regulatory
TIDMUPL
RNS Number : 5441Y
Upland Resources Limited
10 September 2020
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
This announcement is not an offer for sale, or a solicitation of
an offer to acquire, securities in any jurisdiction, including in
or into the United States, Canada, Australia, or Japan. Neither
this announcement nor any part of it shall form the basis of or be
relied on in connection with or act as an inducement to enter into
any contract or commitment whatsoever.
10 September 2020
UPLAND RESOURCES LIMITED
("Upland" or the "Company")
New Role for Chris Pitman
Upland Resources Limited (LSE: UPL), the oil and gas company
actively building a portfolio of attractive upstream assets in
Tunisia, South-East Asia and the UK, announces that Mr. Chris
Pitman is relinquishing his role as Chief Executive Officer of the
Company and will now focus on sourcing and developing new business
opportunities particularly in respect of the Middle East and Africa
regions where he has considerable previous experience. This is a
strategic decision made by the Board to ensure the Company
continues to deliver new attractive upstream assets. Chris Pitman
continues to serve as a director of the Company.
Until further notice, Mr. Bolhassan Di, Non-Executive Chairman
of the Company, will assume the role of the Company's interim Chief
Executive Officer. The Board intends to recruit a new CEO as soon
as practicable and expects to complete this within the next 3
months.
Bolhassan Di, Chairman of the Company, commented:
"The Upland Board wishes to thank Chris Pitman for stepping up
as CEO on short notice in early October last year. Chris will now
focus on sourcing and developing specific new opportunities for
Upland, with myself acting as interim CEO from today. Chris has
already identified a number of exciting plays. We look forward to
providing shareholders with further updates in due course and also
in respect of our activities in the UK, Tunisia, Sarawak and
Brunei.".
This announcement contains inside information for the purposes
of Article 7 of the Regulation (EU) No 596/2014 on market abuse.
Upon the publication of this announcement via the Regulatory
Information Service, this inside information is now considered to
be in the public domain.
For further information, please contact:
Bolhassan Di, Interim, CEO www.uplandres.com
Christopher Pitman, Non-Executive Tel: +44 (0) 7891 677441
Director E-mail: chris.pitman@uplandres.com
Optiva Securities - Broker
Jeremy King (Corporate Finance) www.optivasecurities.com
Tel: +44 (0) 20 3137 1904
E-mail: jeremy.king@optivasecurities.com
Christian Dennis (Corporate Broker) Tel: +44 (0) 20 3411 1903
E-mail: christian.dennis@optivasecurities.com
FTI Consulting - Financial PR Tel: +44 (0)203 727 1000
Ben Brewerton E-mail: ben.brewerton@fticonsulting.com
Christopher Laing E-mail: christopher.laing @fticonsulting.com
Flowcomms - IR Contact
Sasha Sethi Tel: +44 (0)7891 677441
sasha@flowcomms.com
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCFLFVAALIAIII
(END) Dow Jones Newswires
September 10, 2020 02:00 ET (06:00 GMT)
Upland Resources (LSE:UPL)
Historical Stock Chart
From Feb 2024 to Mar 2024
Upland Resources (LSE:UPL)
Historical Stock Chart
From Mar 2023 to Mar 2024