Lansdowne Oil & Gas plc Result of AGM (7696E)
July 20 2016 - 8:58AM
UK Regulatory
TIDMLOGP
RNS Number : 7696E
Lansdowne Oil & Gas plc
20 July 2016
Lansdowne Oil & Gas plc
Result of Annual General Meeting, retirement of Chairman, John
Greenall and appointment of Viscount Torrington as new Chairman of
the Board
20 July 2016
Lansdowne Oil & Gas ("Lansdowne" or "the Company"), the
independent oil and gas company focussed on offshore Ireland, is
pleased to announce that at its Annual General Meeting held earlier
today all resolutions were duly approved by shareholders.
Also at the AGM, Lansdowne's Chairman, John Greenall, announced
his retirement with immediate effect and the appointment of
Viscount Torrington, formerly a Non-Executive Director of
Lansdowne, as the new Chairman.
John Greenall commented:
"Now that the immediate problems associated with the Transocean
litigation payment have been resolved, it is time to look forward
to creating value from our 20% interest in Barryroe, which by any
standards is a significant resource with attractive costs of
development and production. We have also made reductions in our
running costs going forward and with this background, I am
announcing my retirement as Chairman and am pleased to announce
that (Viscount) Tim Torrington has been appointed to take over the
reins. Tim has a wealth of experience in the sector and I wish him
well - hopefully in calmer waters".
Viscount Torrington commented:
"On behalf of all Lansdowne Directors and shareholders, I would
like to thank Johnny for his insightful leadership for more than 10
years, since Lansdowne's inception. He has worked tirelessly to
further the company's interests and we all wish him the very best
for his retirement".
For further information please contact:
Lansdowne Oil & Gas plc
Steve Boldy +353 1 495 9259
Cantor Fitzgerald Europe
Sarah Wharry
David Porter +44 (0) 20 7894 7000
For more information on Lansdowne, please refer to
www.lansdowneoilandgas.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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