Saffron Energy PLC Saffron and Po Valley Director Changes (0211V)
31 October 2017 - 6:00PM
UK Regulatory
TIDMSRON
RNS Number : 0211V
Saffron Energy PLC
31 October 2017
31 October 2017
Saffron Energy Plc
("Saffron" or the "Company")
Saffron Energy and Po Valley Energy Director Changes
Saffron Energy plc (AIM: SRON), the natural gas producer with
interests in northern Italy, is pleased to announce that the
Company's Non-Executive Director Ms Sara Edmonson will formally
take up the position of Chief Executive Officer of Saffron Energy
which is 54% owned by Po Valley Energy Limited ("PVE") from 1
November 2017.
Mr Michael Masterman as Executive Chairman of PVE will assume
Sara's Executive roles at PVE and Po Valley Operations Limited
("PVO"). Michael will move to a Non-Executive Director position at
Saffron after leading Saffron through the IPO in February and
proposed expansion of the Company while Sara will retain her
Non-Executive Director position at PVO.
The change will assist in aligning roles in preparation for the
proposed Saffron Energy acquisition of Sound Energy plc's wholly
owned subsidiary Sound Energy Holdings Italy Limited and PVO to
position itself as a mid-cap regional gas producer and explorer as
announced on 5 October 2017.
About Saffron Energy Plc
Saffron Energy is a natural gas producer with interests in
Northern Italy. Its portfolio includes two producing fields Sillaro
(100%) and Bezzecca (90%) and a near-term gas production field
Sant'Alberto presently under development, all near Milan and
Bologna. Saffron Energy commenced trading on the London AIM Market
under the ticker of SRON on 24 February 2017.
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
For more information, please visit www.saffronenergy.co.uk or
contact the following:
Saffron Energy plc +44 (0) 7791288381
Michael Masterman, CEO info@saffronenergy.co.uk
Grant Thornton UK LLP (Financial +44 (0) 207 383
& Nominated Adviser) 5100
Colin Aaronson
Jen Clarke
Harrison J Clarke
Turner Pope Investments (TPI)
Ltd (Broker) +44 (0)2036214120
Ben Turner info@turnerpope.com
James Pope
Cassiopeia Services (PR/IR) +44 (0) 7949690338
Stefania Barbaglio stefania@cassiopeia-ltd.com
This information is provided by RNS
The company news service from the London Stock Exchange
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