Sterling Energy PLC Executive Director Appointments & Joint Broker (3287S)
16 March 2021 - 6:00PM
UK Regulatory
TIDMSEY
RNS Number : 3287S
Sterling Energy PLC
16 March 2021
16 March 2021
S terling Energy p lc
Executive Director appointments
Engagement of joint broker
Sterling Energy plc ('Sterling' or the 'Company') an upstream
oil and gas company listed on the AIM market of the London Stock
Exchange (Ticker Symbol: SEY) announces that Mr. Paul McDade and
Mr. Ian Cloke have joined the Board as executive directors of the
Company, with immediate effect.
Mr. McDade has joined as the Company's Chief Executive Officer
and Mr. Cloke has joined as the Company's Chief Operating Officer.
The Company's existing CEO, Mr. Tony Hawkins, has stepped down from
the Board and, after a suitable transition period, will depart the
Company. The existing directors of the Company, Mr. Michael
Kroupeev, Mr. Ilya Belyaev and Mr. Leo Koot will ensure there is a
suitable transition to a new Board of Directors.
Mr. McDade, the former CEO of Tullow Oil plc, and Mr. Cloke, the
former EVP at Tullow Oil plc, have extensive experience and
knowledge of identifying and developing oil and gas assets in West
Africa and intend to refocus the Company's strategy on producing
assets in this region.
New directors
Paul McDade : A Petroleum engineer who has over 35 years'
experience in the oil & gas industry gaining broad operational,
commercial and management experience in the North Sea, Latin
America and Africa. He joined Tullow Oil in 2001 and was one of the
Executive team who built Tullow Oil to be Africa's leading
independent oil & gas company, initially as COO and latterly as
CEO, before retiring from this role in December 2019.
Ian Cloke : A Geoscientist who has over 25 years' experience in
the oil and gas industry gaining broad, technical, operational,
commercial and management experience in Africa, North & South
America, the North Sea and South East Asia. He joined Tullow Oil in
2005 after 10 years at ExxonMobil and built operated businesses
across the group as a key member of the leadership team and
latterly as EVP New Ventures Business, before leaving in September
2020.
Corporate update
The Company is pleased to announce that it has appointed
Tennyson Securities to act as the Company's Joint Broker alongside
Peel Hunt with immediate effect.
The Company's Non-Executive Chairman, Mr. Michael Kroupeev,
said:
"I would like to welcome Paul and Ian to the Board and I look
forward to working with them to transition to a new Board of
Directors. This is an exciting time for the Company as it looks to
move forward with a refreshed strategy for the business.
I would like to thank Tony for his help with the transition
between shareholder groups and we wish him all the very best with
his future endeavors. "
Regulatory
The information included below is required under Rule 17 of the
AIM Rules for Companies ("AIM Rules") and Schedule Two Paragraph
(g) of the AIM Rules:
Paul McDade, aged 57
Mr McDade owns 2,267,000 ordinary shares in the Company.
Current Directorships: Past Directorships (within the last
5 years):
African Insights Limited
---------------------------------------
Sterling Energy (UK) Limited
---------------------------------------
Sterling Energy Overseas Limited
---------------------------------------
Sterling North West Africa Holdings
Limited
---------------------------------------
Sterling Energy Holdings Limited
---------------------------------------
Sterling Energy (East Africa)
Limited
---------------------------------------
Eagle Drill Limited
---------------------------------------
Planet Oil International Limited
---------------------------------------
Tullow (EA) Holdings Limited
---------------------------------------
Tullow Argentina Limited
---------------------------------------
Tullow Comoros Limited
---------------------------------------
Tullow Congo Limited
---------------------------------------
Tullow Côte D'Ivoire Exploration
Limited
---------------------------------------
Tullow Côte D'Ivoire Limited
---------------------------------------
Tullow Cote D'Ivoire Onshore Limited
---------------------------------------
Tullow EG Exploration Limited
---------------------------------------
Tullow Equatorial Guinea Limited
---------------------------------------
Tullow Ethiopia B.V.
---------------------------------------
Tullow Gabon Holdings Limited
---------------------------------------
Tullow Gabon Limited
---------------------------------------
Tullow Gambia Limited
---------------------------------------
Tullow Ghana Limited
---------------------------------------
Tullow Greenland Exploration Limited
---------------------------------------
Tullow Group Services Limited
---------------------------------------
Tullow Guyana B.V.
---------------------------------------
Tullow Jamaica Limited
---------------------------------------
Tullow Kenya B.V.
---------------------------------------
Tullow Madagascar Limited
---------------------------------------
Tullow Mauritania Limited
---------------------------------------
Tullow Mexico B.V.
---------------------------------------
Tullow Mozambique Limited
---------------------------------------
Tullow Namibia Limited
---------------------------------------
Tullow New Ventures Limited
---------------------------------------
Tullow Oil (Jersey) Limited
---------------------------------------
Tullow Oil (Mauritania) Limited
---------------------------------------
Tullow Oil 100 Limited
---------------------------------------
Tullow Oil 101 Limited
---------------------------------------
Tullow Oil Canada Limited
---------------------------------------
Tullow Oil Finance Limited
---------------------------------------
Tullow Oil Holdings (Guernsey) Limited
---------------------------------------
Tullow Oil Plc
---------------------------------------
Tullow Oil SK Limited
---------------------------------------
Tullow Oil SNS Limited
---------------------------------------
Tullow Oil SPE Limited
---------------------------------------
Tullow Senegal Exploration Limited
---------------------------------------
Tullow Tanzania B.V.
---------------------------------------
Tullow Uruguay Limited
---------------------------------------
Tullow Zambia B.V.
---------------------------------------
Ian Richard Cloke, aged 49
Mr. Cloke owns 1,733,000 ordinary shares in the Company.
Current Directorships: Past Directorships (within the last
5 years):
Navara Energy LTD
------------------------------------
For furth er information c ontact:
Ticker Symbol: SEY
S terling Energy p lc + 44 (0)20 7405 4133
www.sterlingenergyplc.com/
Paul McDade, CEO
Peel Hunt LLP (Nominated Adviser and Co-Broker) +44 (0)20 7418
8900
Richard Crichton
David McKeown
Tennyson Securities (Co-Broker) +44 (0)20 7186 9033
Peter Krens
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
MSCBCGDXBBBDGBU
(END) Dow Jones Newswires
March 16, 2021 03:00 ET (07:00 GMT)
Afentra (LSE:AET)
Historical Stock Chart
From Mar 2024 to Apr 2024
Afentra (LSE:AET)
Historical Stock Chart
From Apr 2023 to Apr 2024
