Aminex PLC Directorate Change (7345S)
October 04 2017 - 12:00PM
UK Regulatory
TIDMAEX
RNS Number : 7345S
Aminex PLC
04 October 2017
4 October 2017
Aminex plc
("Aminex" or "the Company")
DIRECTORATE CHANGE - APPOINTMENT OF NON-EXECUTIVE DIRECTOR
Aminex is pleased to announce the appointment of Mr Sultan
Al-Ghaithi, as a Non-Executive Director of the Company with
immediate effect.
Mr Al-Ghaithi has 18 years of industry experience and is
currently Chief Executive Officer of Ara Petroleum LLC where he is
responsible for two subsidiary E&P companies operating in Oman.
He is a wellsite engineer by background and has previously worked
with Petroleum Development Oman and Weatherford International where
he was Country and Area Manager in Oman.
Ara Petroleum LLC is a division of The Zubair Corporation LLC of
Oman which, through Eclipse Investments LLC, holds a beneficial
interest of just under 30% of the Company's issued share capital.
Under the terms of the shareholder approved Shareholder and
Relationship Agreement dated 8 July 2016, Eclipse Investments LLC
has the right to appoint two directors. Mr Al-Ghaithi becomes the
second representative director to join the Aminex Board.
Mr Al-Ghaithi will be proposed for election by shareholders at
the next General Meeting of the Company.
Aminex Chairman Brian Hall commented:
"We warmly welcome Sultan Al-Ghaithi to the Board of Aminex and
look forward to harnessing his impressive technical and commercial
background as we continue to plan and execute the upcoming drilling
programme in the Ruvuma Basin, Tanzania.
During the course of the last year, we have considerably
expanded our management and technical team and, in addition to
today's announcement, we expect to make further Board appointments
of independent non-executive directors in the near future."
For further information, please contact:
Aminex PLC
Jay Bhattacherjee, Chief Executive Officer +44 (0) 20 3198
8415
Max Williams, Chief Financial Officer
Investec Bank plc
Chris Sim +44 (0) 207 597 4000
Shore Capital
Jerry Keen
+44 (0) 20 7408 4090
Davy
Brian Garrahy +353 (0) 1 679 6363
Camarco
Billy Clegg / Gordon Poole / James Crothers +44 (0) 20 3757
4980
This information is provided by RNS
The company news service from the London Stock Exchange
END
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