Faroe Petroleum PLC Appointment of Independent Non-Executive Director (2627Q)
05 June 2018 - 4:01PM
UK Regulatory
TIDMFPM
RNS Number : 2627Q
Faroe Petroleum PLC
05 June 2018
5 June 2018
Faroe Petroleum plc
("Faroe Petroleum" or the "Company")
Appointment of Independent Non-Executive Director
Faroe Petroleum, the independent oil and gas company focusing
principally on exploration, appraisal and production opportunities
in Norway and the UK, is pleased to announce the appointment of
Katherine Roe as an Independent Non-Executive Director.
Katherine's career began in investment banking in the City of
London, starting with Morgan Stanley and then as a Director of
investment banking at Panmure Gordon. For her last four years at
Panmure Gordon, she headed up the natural resources team and has
extensive experience in oil and gas transactions, advising
companies on a range of strategic options and equity capital fund
raisings and has led many capital markets and M&A
transactions.
Katherine is the senior independent director and audit chair of
IDE Group, an Aim quoted IT services provider. She is also the CFO
of Wentworth Resources Limited, an Aim quoted and Oslo Børs listed
oil and gas company with interests in Tanzania and Mozambique,
which she joined in June 2014.
Katherine's appointment to the Board of the Company takes effect
from 1 July 2018 and she will take over the chair of the Audit
Committee when Roger Witts steps down at next year's annual general
meeting.
John Bentley, Non-Executive Chairman of Faroe Petroleum and the
Nominations Committee, commented:
"As we continue our ongoing process of Board refreshment, I am
very pleased to welcome Katherine Roe to our Board. She has an
extensive and impressive track record in advising companies in the
oil and gas and other sectors on the full spectrum of capital
markets and corporate governance matters, as well as the financial
experience to take over the Audit Committee next year. I and the
Board very much look forward to working with Katherine as we
continue to deliver on our strategy of building the leading
pan-North Sea independent E&P company."
- Ends -
For further information please contact:
Faroe Petroleum plc Tel: +44 (0) 1224 650 920
Graham Stewart, CEO
Stifel Nicolaus Europe Limited Tel: +44 (0) 20 7710 7600
Callum Stewart / Nicholas
Rhodes / Ashton Clanfield
BMO Capital Markets Tel: +44 (0) 207 236 1010
Neil Haycock / Tom Rider /
Jeremy Low
FTI Consulting Tel: +44 (0) 20 3727 1000
Edward Westropp / Emerson
Clarke
Notes
Katherine Louise Margiad Ward (née Roe) (40) holds the following
directorships:
Current Directorships Past Directorships
IDE Group Holdings PLC
Roe Resources Limited
Mrs Roe does not hold any ordinary shares in the Company.
Save for the above, there is no further information required to
be disclosed under paragraph (g) of Schedule Two of the AIM Rules
for Companies, with respect to the appointment of Katherine
Roe.
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END
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