REG - Kistos Holdings PLC - Directorate Changes

Kistos HoldingsAnnouncement

19/06/2024 07:00

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RNS Number : 9581S  Kistos Holdings PLC  19 June 2024

19 June 2024

Kistos Holdings plc

("Kistos" or the "Company")

Directorate Changes

Appointment of Independent Non-Executive Director

Kistos (LSE: KIST), the low carbon intensity energy producer pursuing a
strategy to acquire assets with a role in energy transition, is pleased to
announce the appointment of Stephen Pawson to the Board as an independent
Non-Executive Director with immediate effect. Stephen will replace Julie
Barlow, who today steps down from the Board to focus on other professional
commitments.

Mr. Pawson has 40 years' finance experience in the oil and gas exploration and
production sector. He spent ten years both with Phillips Petroleum and ARCO
British, fulfilling various financial roles in the UK and overseas. He then
joined Star Energy, where he set up the finance function and was involved in
its IPO in 2004, which was the largest on AIM that year. From 2017 to 2019,
Mr. Pawson was the Finance Director of RockRose Energy plc where he was again
involved in setting up the finance function, incorporating several
acquisitions, and in various funding/financing activities. In August 2023, he
was appointed a non-executive director of Axies Ventures Ltd, a startup
company involved in non-ferrous minerals exploration.

Commenting, Andrew Austin, Kistos' Executive Chairman, said:

"I am pleased to announce that Steve has agreed to join the Kistos Holdings
plc Board. His knowledge and experience will be invaluable as we continue to
grow the business for the benefit of all stakeholders."

"I would like to express a huge debt of gratitude to Julie, who has served
Kistos tirelessly since its inception in 2020. Her contribution over the past
four years helped the business navigate its IPO and first acquisition, as well
as the subsequent expansion into two new countries and into the gas storage
industry."

Stephen Hargrave Pawson (aged 68)

Stephen Pawson does not own any shares in the Company.

Current Directorships

Axies Ventures Ltd.

Evans & Pawson Ltd.

Previous Directorships (within 5 years)

Waters Evans Pawson & Filbin Ltd.

Lythe Hill Park Management Company Ltd.

Lythe Hill Park Ltd.

 

There is no further information to be disclosed pursuant to paragraph (g) of
Schedule 2 of the AIM Rules.

 

ENDS

Enquiries:

 Kistos Holdings plc                           via Hawthorn Advisors

 Andrew Austin / Peter Mann

 Panmure Gordon (NOMAD, Joint Broker)          Tel: 0207 886 2500

 James Sinclair-Ford / Dougie McLeod

 Berenberg (Joint Broker)                      Tel: 0203 207 7800

 Matthew Armitt / Ciaran Walsh

 Hawthorn Advisors (Public Relations Advisor)  Tel: 0203 745 4960

 Henry Lerwill / Simon Woods

 Camarco (Public Relations Advisor)            Tel: 0203 757 4983

 Billy Clegg

 

Notes to editors

Kistos plc was established to acquire and manage companies in the energy
sector engaging in the energy transition trend. The Company has undertaken a
series of transactions including the acquisition of a portfolio of highly cash
generative natural gas production assets in the Netherlands from Tulip Oil
Netherlands B.V. in 2021. This was followed in July 2022, with the acquisition
of a 20% interest in the Greater Laggan Area (GLA) from TotalEnergies, which
includes four producing gas fields and a development project. In May 2023,
Kistos completed its third acquisition, acquiring the total share capital of
Mime Petroleum and its Norwegian Continental Shelf Assets. These comprise a
10% stake in the Balder joint venture spanning Balder and Ringhorne oil
fields.

 

Kistos is a low carbon intensity gas producer with Estimated Scope 1 CO₂
emissions from its operated activities offshore of less than 0.01 kg/boe in
2022 (excluding necessary flaring during drilling campaigns).

https://kistosplc.com/ (https://kistosplc.com/)

 

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