Board Change

RNS Number : 5951K

Egdon Resources PLC

11 April 2018

 

            11 April 2018

EGDON RESOURCES PLC

 ("Egdon" or "the Company")

Board Change   

Egdon Resources plc (AIM:EDR) announces that Paul Jenkinson is to step down from his role as a non-executive Director of the Company with immediate effect.  This follows his resignation from the board of Alkane Energy Ltd ("Alkane") following its acquisition by Infinis Energy Management Limited.  Alkane holds 40,000,000 shares in Egdon Resources plc constituting a 15.39% shareholding.

Commenting on Paul's resignation, Philip Stephens, the Chairman of Egdon Resources said:

"On behalf of the Board I would like to offer my thanks to Paul for his contribution to Egdon over the last two years".

For further information please contact:

Egdon Resources plc

Mark Abbott                                                                              01256 702 292

Buchanan

Ben Romney, Anna Michniewicz                                                 020 7466 5000

Nominated Adviser and Broker - Cantor Fitzgerald Europe               

David Porter/Nick Tulloch (Corporate Finance)                              020 7894 7000

Caspar Shand Kydd / Alex Pollen (Sales)

Joint Broker - VSA Capital Limited

Andrew Monk (Corporate Broking)                                               020 3005 5000

Andrew Raca (Corporate Finance)

Notes to Editors:

Egdon Resources plc (LSE: EDR) is an established UK-based exploration and production company focused on onshore exploration and production in the hydrocarbon-producing basins of the UK. 

Egdon holds interests in 43 licences in the UK and has an active programme of exploration, appraisal and development within its portfolio of oil and gas assets.  Egdon is an approved operator in the UK.

Egdon was formed in 1997 and listed on AIM in December 2004.

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 ("MAR"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

 

END

 

 

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