REG - Nostrum Oil & Gas - Board Changes

Nostrum Oil & GasAnnouncement

03/06/2024 12:00

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RNS Number : 8465Q  Nostrum Oil & Gas PLC  03 June 2024

 

 

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

 

FOR IMMEDIATE RELEASE

 

London, 3 June 2024

 

Board Changes

Nostrum Oil & Gas PLC (LSE: NOG) ("Nostrum", or the "Company" and together
with its subsidiaries, the "Group"), an independent mixed-asset energy company
with world-class gas processing facilities and export hub in north-west
Kazakhstan, today announces the resignation of Mr Chris Cox from the Board of
Directors of the Company effective 31 May 2024. Mr Cox is leaving the Nostrum
Board due to increased professional commitments following his appointment as
the Chief Executive Officer of Serica Energy plc effective 1 July 2024.

The Board takes this opportunity to express its appreciation for the
commitment and invaluable contributions made by Mr Cox during his tenure on
the Nostrum Board and wishes him the very best in his future endeavours.

As a consequence of Mr Cox's resignation, AGM Resolution 5 "To reappoint Mr
Cox as a director of the Company" will be withdrawn from the resolutions to be
put to the Company's AGM on 5 June 2024.

The Company will commence a search for an additional independent non-executive
director to be appointed to the Board, taking into consideration Nostrum's
Board diversity goals, and will make any further Board announcements as
appropriate.

 

LEI: 2138007VWEP4MM3J8B29

 

Further information

For further information please visit www.nostrumoilandgas.com
(http://www.nostrumoilandgas.com)

 

Further enquiries

Nostrum Oil & Gas PLC

 

Petro Mychalkiw

Chief Financial Officer

ir@nog.co.uk (mailto:ir@nog.co.uk)
 
 

 

Instinctif Partners -
UK
 

Guy Scarborough

Vivian Lai

+ 44 (0) 207 457 2020

nostrum@instinctif.com (mailto:nostrum@instinctif.com)

 

 

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 producing asset of Nostrum Oil & Gas PLC is the
Chinarevskoye field, which is operated by Zhaikmunai LLP, a wholly-owned
subsidiary of Nostrum Oil & Gas PLC and the sole holder of the subsoil use
rights with respect to the development of the 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 nor 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 relevant 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.

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