Nostrum Oil & Gas PLC Board Changes (6152P)
19 November 2016 - 3:00AM
UK Regulatory
TIDMNOG
RNS Number : 6152P
Nostrum Oil & Gas PLC
18 November 2016
Amsterdam, 18 November 2016
Board Changes
Nostrum Oil & Gas PLC (LSE: NOG) ("Nostrum", or "the
Company"), an independent oil and gas company engaging in the
production, development and exploration of oil and gas in the
pre-Caspian Basin, is pleased to announce the appointment of Mrs
Kaat Van Hecke as an Independent Non-Executive Director with effect
from 31 December 2016. Mrs Van Hecke will also become a member of
the Remuneration Committee and the Nomination and Governance
Committee.
Mrs Van Hecke succeeds Eike von der Linden, who steps down from
the Board of the Company with effect from 31 December 2016. Mark
Martin will replace Mr von der Linden as Senior Independent
Director and become a member of the Audit Committee and Atul Gupta
will become Chairman of the Audit Committee.
Mrs Van Hecke obtained a Master of Science degree in Chemical
Engineering from the University of Ghent in Belgium. She also holds
an MBA from the Vlerick Management School, Belgium.
Mrs Van Hecke has 20 years of experience in the petrochemical
and upstream oil business. She has held a variety of positions with
ExxonMobil, Shell and Österreichische Mineralölverwaltung (OMV) in
Austria, Russia, Nigeria, The Netherlands and Belgium the most
recent of which was as Managing Director and Senior Vice President
heading up OMV's Austrian upstream business.
Commenting on the Board changes Frank Monstrey, Executive
Chairman of Nostrum said: "I am delighted to welcome Kaat to the
Board. She brings with her a wealth of sector experience and will
add great value to Nostrum's Board, its Remuneration Committee and
Nomination and Governance Committee. I would like to thank Eike for
his dedicated service to Nostrum and, in particular, for his
significant contribution as Chairman of the Audit Committee. We
wish him all the best in his future endeavours."
The Company confirms that there is no further information
regarding Mrs Van Hecke that must be disclosed under paragraph
9.6.13 of the Listing Rules of the UK Listing Authority.
Further information:
For further information please visit www.nog.co.uk
Further enquiries:
Nostrum Oil & Gas PLC - Investor Relations
Kirsty Hamilton-Smith
Rachel Pescod
ir@nog.co.uk
+ 44 (0) 203 740 7430
Instinctif Partners - UK
David Simonson
+ 44 (0) 207 457 2020
Promo Group Communications - Kazakhstan
Asel Karaulova
+ 7 (727) 264 67 37
About Nostrum
Nostrum Oil & Gas PLC is an independent oil and gas company
currently engaging in the production, development and exploration
of oil and gas in the pre-Caspian Basin. Its shares are listed on
the London Stock Exchange (ticker symbol: NOG). The principal
producing asset of Nostrum is the Chinarevskoye field, in which it
holds a 100% interest and is the operator through its wholly-owned
subsidiary Zhaikmunai LLP. In addition, Nostrum holds a 100%
interest in and is the operator of the Rostoshinskoye, Darinskoye
and Yuzhno-Gremyachenskoye oil and gas fields through the same
subsidiary. Located in the pre-Caspian basin to the north-west of
Uralsk, these exploration and development fields are situated
approximately 60 and 120 kilometres respectively from the
Chinarevskoye field.
Forward-Looking Statements
Some of the statements in this document are forward-looking.
Forward-looking statements include statements regarding the intent,
belief and current expectations of the Group or its officers with
respect to various matters. When used in this document, the words
"expects," "believes," "anticipates," "plans," "may," "will,"
"should" and similar expressions, and the negatives thereof, are
intended to identify forward-looking statements. Such statements
are not promises or guarantees, and are subject to risks and
uncertainties that could cause actual outcomes to differ materially
from those suggested by any such statements.
No part of this announcement constitutes, or shall be taken to
constitute, an invitation or inducement to invest in the Company or
any other entity, and shareholders of the Company are cautioned not
to place undue reliance on the forward-looking statements. Save as
required by the Listing Rules and applicable law, the Company does
not undertake to update or change any forward-looking statements to
reflect events occurring after the date of this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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