Directorate Change -Executive Director Appointment

RNS Number : 0748V

MetalNRG PLC

29 November 2019

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

This announcement is for information purposes only and is not a prospectus and not an offer of securities for sale in any jurisdiction, including in the United States, Australia, Canada, Japan and South Africa.

29^th November 2019

MetalNRG plc

(The "Company" or "MetalNRG")

Directorate Change - Appointment of Executive Director

MetalNRG plc (LON:MNRG) the natural resource investing and exploration company announces that it has appointed Pierpaolo Rocco to the Board as an Executive Director, reporting to Rolf Gerritsen, to lead on the Oil and Gas project that the Company has now entered an exclusivity agreement on as announced to the market earlier today.

Pierpaolo brings a wealth of oil & gas expertise with him and will be leading the due diligence process on the deal. With successes as both an executive director and large-scale project manager, Pierpaolo has over 20 years' experience leading project development activity within the oil & gas industry, with a track record of leading high performing teams to profitable outcomes in both small-cap and major organisations.

With broad engineering and project execution experience gained covering key positions for Tier-1 Operators (Total, Eni, Shell) as well as Contractors (Subsea7, SBM, Saipem), ranging from field development to late-life extension strategies, from engineering and construction of subsea infrastructure to surface production/export facilities, from near-shore/landfall works to large deep-water developments, from turnkey EPCI/EPCC contracts to reimbursable IRM/brownfield work, Pierpaolo is skilled in defining robust pathways for complex projects and change programs, from in-depth planning through to leadership of efficient operational delivery models with effective governance frameworks, Pierpaolo is ideally placed to help us develop our oil & gas opportunity.

This announcement is made pursuant to Listing Rule 9.6.11. In accordance with LR 9.6.13R of the Listing Rules, the Company confirms that there is no information to be disclosed in terms of LR 9.6.13R (1) to LR 9.6.13R (6) inclusive in respect of Mr Rocco.

Rolf Gerritsen, CEO of MetalNRG commented "I am delighted to be able to announce the appointment of Pierpaolo to our Board and look forward to working with him on making sure we deliver a successful outcome for our investors."

Rolf Gerritsen, CEO of MetalNRG, arranged for the release of this announcement.

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The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

The directors of the Company accept responsibility for the contents of this announcement.

For further information, please contact:

METALNRG PLC - Rolf Gerritsen (Chief Executive Officer)	[phone]
Joint Broker PETERHOUSE CAPITAL LIMITED - Guy Miller/ Mark Anwyl	[phone]
Corporate Broker SI CAPITAL- Nick Emerson	[phone]

 

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