TIDMLEK

RNS Number : 1722U

Lekoil Limited

29 July 2022

29 July 2022

Lekoil Limited

("LEKOIL" or the "Company")

Directorate Update

LEKOIL (AQSE: LEK), the Cayman Islands litigation asset company with an investment in oil & gas assets in Nigeria, wishes to announce that its Non-Executive Chairman, Mr Olapade Durotoye has notified the Board of Directors of his intention, subject to final agreements, to take up a significant role with Savannah Energy PLC in Nigeria.

Savannah Energy is an investor in the company and by the terms of the Convertible Facility Agreement between the Company and a Savannah Energy subsidiary (as announced by the Company on 28 February 2022), the Savannah Energy subsidiary is entitled to appoint two Directors to the Board of the Company. Mr Durotoye will take up the second Director's seat.

The Board will assess any required changes to the Board to maintain the balance of Independent Directors as soon as possible.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

For further information, please visit www.lekoilplc.com or contact:

 
First Sentinel Corporate Finance Ltd (AQSE 
 Corporate Adviser) 
 Brian Stockbridge                                +44 203 989 2200 
Tennyson Securities (Broker) 
 Peter Krens                                      +44 20 7186 9030 
                                              -------------------- 
Camarco (Financial PR Advisor) 
 Billy Clegg / Owen Roberts / Violet Wilson       +44 20 3757 4983 
                                              -------------------- 
 

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

BOABKFBBDBKBBOB

(END) Dow Jones Newswires

July 29, 2022 02:00 ET (06:00 GMT)

Lekoil (LSE:LEK)
過去 株価チャート
から 11 2024 まで 12 2024 Lekoilのチャートをもっと見るにはこちらをクリック
Lekoil (LSE:LEK)
過去 株価チャート
から 12 2023 まで 12 2024 Lekoilのチャートをもっと見るにはこちらをクリック