Prospex Energy PLC Board Appointment (6547W)
April 19 2023 - 2:00AM
UK Regulatory
TIDMPXEN
RNS Number : 6547W
Prospex Energy PLC
19 April 2023
Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and
Gas
19 April 2023
Prospex Energy PLC
('Prospex' or the 'Company')
Board Appointment
Prospex Energy PLC (AIM: PXEN), the AIM quoted investment
company focused on European gas and power projects, is pleased to
announce the appointment of Andrew Hay as an independent
Non-Executive Director of the Company with immediate effect.
Mr Hay, a g raduate of Oxford University, has more than 30 years
of experience as a banker in London and New York. He is currently a
Senior Adviser at Smith Square Partners, a leading London corporate
finance firm. Formerly he was Chairman of LGB Corporate Finance and
before that built and led the corporate finance business of Edmond
de Rothschild in London. He has in depth experience in corporate
banking, the debt and equity capital markets and international
M&A.
Previously, Mr Hay held senior positions at ING Barings and
Schroders, including two years in New York. He led the North
American corporate finance and capital markets origination activity
of Barings until 1997.
Until May 2017, Mr Hay was a Non-Executive Director of Aminex
plc (senior independent director, audit and remuneration
committees), a London and Dublin stock exchange listed oil and gas
development and production company focused on East Africa and was a
Non-Executive Director of Independent Oil & Gas PLC (senior
independent director, chair of audit committee), the AIM quoted
company with development interests in the North Sea, until February
2018.
Currently Mr Hay is a Non-Executive Director of the holding
company of Lloyd George Advisory, a specialist India and Asia
focused emerging market fund management business. Since 2020, Mr
Hay has been the senior Non-Executive Director and chair of audit
committee at Great Western Mining Corporation PLC, the AIM quoted
mineral exploration and development company with licences and
operations in Nevada.
Bill Smith, the Chairman of Prospex, commented:
"We are very pleased to welcome Andrew Hay to the Board of
Prospex. As the Company expands and grows our assets in Italy and
Spain and as new opportunities are being reviewed, Andrew's
experience and deep understanding of the upstream energy sector and
capital markets will add great value to Prospex. We are very much
looking forward to working alongside Andrew."
Further information on Mr Andrew Hay's appointment
The following details in relation to the appointment of Mr Hay
are disclosed in accordance with paragraph (g) of Schedule Two of
the AIM Rules for Companies.
Mr Andrew Nicholas John Hay (aged 71) has held the following
directorships and/or partnerships in the past five years.
Past Directorships (last
Current Directorships five years)
Great Western Mining Corporation Plc
(Ireland)
-------------------------
Lloyd George Advisory (Cayman) Limited
-------------------------
Lloyd George Indian Ocean Fund
-------------------------
Lloyd George Indian Ocean US Fund
-------------------------
Lloyd George Indian Ocean Master Fund
-------------------------
Andrew Hay Advisory Limited
-------------------------
Ragley Trust Company Limited
-------------------------
Seymour Trust Company Limited
-------------------------
Tollemache Farms Limited
-------------------------
Other than the information contained within this announcement,
there is no further information required to be disclosed pursuant
to paragraph (g) of Schedule Two of the AIM Rules for
Companies.
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR") and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
* * ENDS * *
For further information visit www.prospex.energy or contact the
following:
Mark Routh Prospex Energy PLC Tel: +44 (0) 20
7236 1177
Ritchie Balmer Strand Hanson Limited Tel20 7409 3494
Rory Murphy
Andrew Monk (Corporate Broking) VSA Capital Limited Tel: +44 (0) 20
Andrew Raca/Alex Cabral (Corporate 3005 5000
Finance)
Colin Rowbury Novum Securities Tel: +44 (0) 20
Jon Belliss Limited 7399 9427
Susie Geliher St Brides Partners Tel: +44 (0) 20
Ana Ribeiro Limited 7236 1177
Notes
Prospex Energy PLC is an AIM quoted investment company focussed
on high impact onshore and shallow offshore European opportunities
with short timelines to production. The Company's strategy is to
acquire undervalued projects with multiple, tangible value trigger
points that can be realised within 12 months of acquisition and
then applying low-cost re-evaluation techniques to identify and
de-risk prospects. The Company will rapidly scale up gas production
in the short term to generate internal revenues that can then be
deployed to develop the asset base and increase production
further.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
BOABLGDSGXBDGXI
(END) Dow Jones Newswires
April 19, 2023 02:00 ET (06:00 GMT)
Prospex Oil And Gas (LSE:PXOG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Prospex Oil And Gas (LSE:PXOG)
Historical Stock Chart
From Apr 2023 to Apr 2024
