Lekoil Limited Appointment of CFO (2475X)
20 February 2017 - 6:03PM
UK Regulatory
TIDMLEK
RNS Number : 2475X
Lekoil Limited
20 February 2017
20 February 2017
Lekoil Limited
("LEKOIL" or the "Company")
Appointment of Chief Financial Officer
LEKOIL (AIM: LEK), the oil and gas exploration and production
company with a focus on Nigeria and West Africa, is pleased to
announce the appointment to the Company and Board of Directors of
Bruce Burrows as Chief Financial Officer ("CFO") with effect from
27th February 2017.
Mr Burrows brings a wealth of experience in the oil and gas
sector, much of it in Nigeria. For the past six years, Mr Burrows
has been the CFO of Seven Energy, a private integrated gas company
in south east Nigeria, with upstream oil and gas interests in the
region. Prior to Seven Energy, Bruce was for 14 years Finance
Director of JKX Oil & Gas PLC, the London listed exploration
and production Company with interests in Ukraine and central and
Eastern Europe.
At Seven Energy, Mr Burrows participated in key decisions and
strategic initiatives as well as being responsible for the finance
functions and performance across the business. He was centrally
involved in debt and equity capital raises during a growth phase of
the company. Mr. Burrows established and maintained productive,
proactive and effective relationships with investors and banks in
the UK, Nigeria and internationally.
Mr Burrows is a member of the Institute of Chartered Accountants
of Australia & New Zealand and initially held various positions
at Ernst & Young in both Wellington and London. He holds a BSc
Honours degree from Canterbury University, a Diploma in Accounting
from Victoria University.
Commenting on the appointment, Samuel Adegboyega, Chairman of
Lekoil, said:
"We are delighted to welcome Bruce to LEKOIL. His experience
working in Nigeria, his knowledge of the investment and banking
communities and his experience at a producing company will be
invaluable to us as we embark on the next chapter in LEKOIL's
development. "
The following additional information is provided in accordance
with paragraph (g) of Schedule Two of the AIM Rules for Companies
in relation to the appointment of Bruce Burrows:
Bruce Burrows (aged 58)
Current Directorships / Partnerships Past Directorships / Partnerships (last 5 years)
------------------------------------- -------------------------------------------------
Seven Energy (UK) Limited Realto Energy Limited
European Goldfields Limited
For further information, please visit www.lekoil.com or
contact:
LEKOIL Limited
Alfred Castaneda, Investor
Relations +44 20 3434 5800
Hamilton Esi, Corporate Communications +44 20 7920 3150
Strand Hanson Limited (Financial
& Nominated Adviser)
James Harris / James Spinney
/ Ritchie Balmer +44 20 7409 3494
Mirabaud Securities LLP (Joint
Broker) +44 20 7878 3362 /
Peter Krens / Edward Haig-Thomas +44 20 7878 3447
BMO Capital Markets (Joint
Broker)
Vicary Gibbs / Neil Haycock
/ Thomas Rider +44 20 7236 1010
Tavistock (Financial PR)
Simon Hudson / Barney Hayward
/ Merlin Marr-Johnson +44 20 7920 3150
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 ('MAR')
-ends-
This information is provided by RNS
The company news service from the London Stock Exchange
END
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