TIDMGBP
RNS Number : 8008U
Global Petroleum Ltd
27 November 2023
27 November 2023
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the
publication of this announcement via a Regulatory Information
Service ("RIS"), this inside information is now considered to be in
the public domain.
Global Petroleum Limited
("Global" or "the Company")
Appointment of New Executive Chairman and Board Changes
Global Petroleum Limited (LSE AIM: GBP) ("Global" or "the
Company"), an oil and gas upstream exploration company presently
focused on Africa and the Mediterranean, is pleased to announce the
appointment of new Executive Chairman Daniel Page to the board with
immediate effect. Also appointed to the board with immediate effect
are Cecilia Yu as Executive Director and Azib Khan as a
non-Executive Director. Mr Andrew Draffin will continue as a
non-Executive Director and Company Secretary.
These appointments are further to the Company's announcement of
6 November 2023 regarding the proposal received from Mr Omar Ahmad,
a 5.04% shareholder in the Company. Global now confirms that final
agreement has been reached regarding changes to the Board of the
Company.
Following this agreement, it is also noted that Mr Peter Hill,
Mr John van der Welle and Mr Garrick Higgins have resigned from the
Company's Board with immediate effect. The outgoing Directors, in
order to assist the incoming Board with the conservation of funds,
have agreed to waive all outstanding past and present remuneration
and fees, including those relating to contractual notice
periods.
Daniel Page, incoming Executive Chairman of Global Petroleum
commented:
"I am honoured to be appointed the Executive Chairman of Global
Petroleum and am excited to begin unlocking the large potential I
believe the Company has. The new Directors and I have broad
experience within the sector, across financial markets and asset
management and we believe that we will be able add significant
value for the shareholders.
The primary focus of the new leadership team will be to assess
the present assets of the Company with the view to maximise
shareholder value and finding suitable other opportunities in this
sector using our extensive network to significantly drive the
Company valuation.
The team will also ensure financial prudence is at the forefront
of any strategy devised and a focus on shareholder engagement is
paramount.
I would like to thank the outgoing Directors for their work at
Global Petroleum and allowing for a smooth transition and wish them
all best on their future endeavours."
Daniel Page - Executive Chairman
Dan has more than 23 years of experience across the financial
services sector. He spent the first third of his career in
Investment Banking with Deutsche Bank and Goldman Sachs where he
focussed predominantly on the Credit Derivative markets.
His move into the buy side saw him spend 7 years with the
Bedrock Group in a variety of roles as a GP and LP before
co-founding the firm's technology led platform business, BRT.
Dan then went on to build an Enterprise Risk Management
consultancy which was assumed by KPMG where he led the Asset
Management Advisory Practice across EMEA for a further 9 years. As
a practice under Dan's tenure AMA was at the forefront of advisory
forward value creation.
Today Dan continues to leverage that experience to help firms
build elite commercial organisations and achieve superior results
for investors.
Ceclila Yu - Executive Director
Cecilia has 15 years of experience across the financial service
industry. She began her career as a structured credit trader at
Citigroup and JP Morgan, before moving on to help building out what
became one of the leading structured credit hedge funds, Serone
Capital.
During her decade in trading and investing, her primary focus
was in structured credit solutions credit synthetics, and macro
credit. Since then, she built out and headed the capital markets
function at Prytek, a multi-billion-dollar private equity holding
company, where she executed and syndicated multiple cross-border
buyout transactions in the fintech space.
She has advised multiple fintech ventures both in the trad-fi
and blockchain space, and currently is Head of Markets at Deep
Knowledge Group, a longevity, deeptech, fintech consortium.
Azib Khan - Non-Executive Director
Azib has covered the banking sector since 2006, most recently as
the lead banking analyst at Morgans Financial for six years prior
to joining E&P Financial Group Limited. Prior to Morgans, Azib
covered the Australian banks and diversified financials primarily
at BBY and Wilson HTM.
Azib began his career as an Actuarial Consultant at
PricewaterhouseCoopers, consulting to banks and general
insurers.
Azib is an Associate of the Institute of Actuaries of Australia
(AIAA) and has a Bachelor of Commerce - Actuarial Studies from
Macquarie University. He is resident in Australia.
For further information please visit: www.globalpetroleum.com.au
or contact:
+44 (0) 20 3 875
Global Petroleum Limited 9255
Andrew Draffin, Company Secretary and non-Executive
Director
Panmure Gordon (UK) Limited (Nominated Adviser +44 (0) 20 7886
& Joint Broker) 2500
John Prior / Freddie Twist
Corporate Broking: Hugh Rich
CMC Markets (Joint Broker) +44 (0) 20 7170
Tom Curran/Thomas Smith 8200
Tavistock (Financial PR & IR) +44 (0) 20 7920
Simon Hudson / Nick Elwes 3150
The following information is disclosed in accordance with Rule
17 and paragraph (g) of Schedule 2 of the AIM Rules for Companies
in connection with the appointments to the Board of the
Company:
Daniel Christopher Page (Age 41)
Current directorships/ Past directorships/ partnerships (held
partnerships within the last five years)
Swiss Brand Partners
(UK Limited) Recycled Commodities Limited
Cornerman Limited Apex Advisory and Capital Raising Ltd
Azib Ahmed Khan (Age 40)
Current directorships/ Past directorships/ partnerships (held
partnerships within the last five years)
- -
Zhizhu (known as Cecila) Yu (Age 39)
Current directorships/ Past directorships/ partnerships (held
partnerships within the last five years)
Westlake Consulting
Ltd Serone Capital Management LLP
Westlake Global Holdings
Ltd
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END
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November 27, 2023 09:41 ET (14:41 GMT)
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