Coro Energy PLC Board Changes (3572R)
28 February 2019 - 6:03PM
UK Regulatory
TIDMCORO
RNS Number : 3572R
Coro Energy PLC
28 February 2019
28 February 2019
Coro Energy plc
("Coro Energy" or the "Company")
Board Changes
Coro Energy, the South East Asian focused exploration and
production company, today announces two changes to its Board of
Directors.
The Company is delighted to announced that Andrew Dennan, Chief
Financial Officer, will join the Board, subject
to regulatory approval. Andrew joined the Company in January 2018.
As recently appointed Chairman of PT Bank Muamalat Limited,
Ilham Habibie has been required to rationalise his portfolio of
non-executive directorships. Following the Company's second recent
acquisition in Indonesia, the Company now has a robust platform in
South East Asian from which to further expand. Mr Habibie has
therefore decided it is now an appropriate time for him to step
down from the Board of Coro Energy, effective 1 March 2019. Mr
Habibie will continue to support the Company in an advisory
capacity.
James Parsons, Chairman of the Board commented:
"We would like to thank Ilham for his wise council and
significant contribution launching Coro Energy into South East
Asia. We look forward to his ongoing support in an advisory
capacity.
We also look forward to welcoming Andy Dennan to the Board and
appreciate his continuing drive and expertise in further growing
Coro Energy's business."
Further consideration is being given to Board composition and
the Company expects to appoint an additional independent
Non-Executive Director in due course.
Coro Energy plc
Tel: 44 (0)20 3965 7917
James Menzies, Chief Executive Officer
Andrew Dennan, Chief Financial Officer
Grant Thornton UK LLP (Financial and Tel: +44 (0)20 383 5100
Nominated Adviser)
Colin Aaronson/Jen Clarke/Harrison
J Clarke
Mirabaud Securities Ltd (Joint Broker) Tel: 44 (0)20 3167 7221
Peter Krens/Ed Haig-Thomas
Turner Pope Investments (TPI) Ltd Tel: +44 (0)20 3621 4120
(Broker)
info@turnerpope.com
Ben Turner/James Pope
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END
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