Nostrum Oil & Gas PLC Changes to Board Committees (7666T)
23 March 2019 - 12:45AM
UK Regulatory
TIDMNOG
RNS Number : 7666T
Nostrum Oil & Gas PLC
22 March 2019
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT
JURISDICTION
London, 22 March 2019
Changes to Board Committees
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, today announces that on 21 March 2019 the
Company's Board of Directors established a Health, Safety,
Environment and Communities Committee of the Board as part of the
Company's initiatives to further develop its sustainability
practices across the Company and its operations and take further
steps in its commitment to improve overall health, safety,
environmental and social performance and better address important
issues such as climate change and gender diversity.
The new committee will be chaired by independent non-executive
director Kaat Van Hecke, and also includes CEO and director Kai-Uwe
Kessel and independent non-executive director Martin Cocker. The
HSEC Committee will work closely with Company management and will
report on its activities to the full Board.
Atul Gupta, Executive Chairman, commented: "ESG performance has
been and always will be central to how Nostrum operates as a
business. This includes maintaining high standards of practice in
these areas, with the health, safety and well-being of our
employees, partners and the communities in which we operate being
paramount. The newly-established HSEC Committee, headed by Kaat Van
Hecke, will undoubtedly benefit from Kaat's deep experience and
knowledge of the Company and the oil and gas sector. It will work
in close collaboration with the Audit Committee and the Board and
will primarily focus in 2019 on environmental and climate change
related initiatives, as well as further improvement of Nostrum's
health and safety practices."
In addition, the Board decided on 21 March that with effect
immediately following the Company's annual general meeting of
shareholders, Martin Cocker will replace Sir Christopher Codrington
as chairman of the Audit Committee of the Board. Sir Christopher
will remain a member of the Committee.
The Board has designated Sir Christopher as the non-executive
director who will lead the Board's engagement with Nostrum's
workforce as foreseen in Provision 5 of the 2018 UK Corporate
Governance Code.
Disclosure of inside information in accordance with Article 17
of Regulation (EU) 596/2014 (16 April 2014) relating to Nostrum Oil
& Gas PLC.
LEI: 2138007VWEP4MM3J8B29
Further information
For further information please visit www.nog.co.uk
Further enquiries
Nostrum Oil & Gas PLC - Investor Relations
Kirsty Hamilton-Smith
Amy Barlow
+44 203 740 7433
ir@nog.co.uk
Instinctif Partners - UK
David Simonson
+ 44 (0) 207 457 2020
Promo Group Communications - Kazakhstan
Asel Karaulova
Irina Noskova
+ 7 (727) 264 67 37
Notifying person
Thomas Hartnett
Company Secretary
About Nostrum Oil & Gas
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 Oil & Gas PLC 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 Oil & Gas 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 between approximately 60 and
120 kilometres 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 Company 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 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.
END
MSCLLFVVVTIFFIA
(END) Dow Jones Newswires
March 22, 2019 09:45 ET (13:45 GMT)
Nostrum Oil & Gas (LSE:NOG)
Historical Stock Chart
From Apr 2024 to May 2024
Nostrum Oil & Gas (LSE:NOG)
Historical Stock Chart
From May 2023 to May 2024