Board Changes

RNS Number : 9483A

BowLeven Plc

30 March 2017

 

30 March 2017

Bowleven plc ('Bowleven' or 'the Company')

Board Changes

Bowleven, the Africa focused oil and gas group traded on AIM today announces that following 18 months' service Billy Allan, non-executive Chairman of the board, has resigned as a director of the Company with immediate effect. Billy will be replaced as Chairman by Christopher Ashworth, non-executive director, with immediate and simultaneous effect. The board would like to take this opportunity to thank Mr Allan for his service to the Company.

In addition, and further to recent press speculation, the board confirms that the employment contracts of both former executive directors Kevin Hart and Kerry Crawford have been terminated with effect from 31 March 2017, and both are no longer involved in the running of the Company.

The board continues to focus on carrying out its previously announced Strategic Review and a further announcement will be made regarding this in due course.

ENQUIRIES

For further information please contact:

Bowleven plc

David Clarkson, Chief Operating Officer                       00 44 131 524 5678

Brunswick Group LLP

Patrick Handley                                                            00 44 207 404 5959

Will Rowberry                                                 

Cenkos Securities plc (NOMAD)                                            

Derrick Lee                                                                  00 44 131 220 6939

Neil McDonald

Notes to Editors:

Bowleven is an African focused oil and gas group, based in Edinburgh and traded on AIM. Bowleven's vision is to build an African focused company dedicated to creating and realising material value through organic growth and niche acquisitions. Bowleven holds equity interests in two blocks in Cameroon, with one block located offshore in shallow water (operated by NewAge) and one onshore (operated by Bowleven).

 

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