Directorate Change

RNS Number : 8850K

Indus Gas Limited

30 June 2014

 



For Immediate Release 30 June 2014

Indus Gas Limited

('Indus' or 'the Company')

Board Composition

Further to the announcement on 7th May 2014, Indus Gas Limited (AIM:INDI.L) ("the Company"), an oil and gas exploration and development company with assets in India, can confirm that Non-executive Director John Behar will cease to be a Director of the Company on the 30th June 2014.

In addition, Non-executive Director Marc Holtzman will have completed two three-year terms on the Board, is currently residing in Asia and has increasing commitments in other roles. He reluctantly feels it is time to step down from the Board of Indus and has informed the Company that he will not seek re-election to the Board of Directors at the forthcoming Annual General Meeting later this year.

 Peter Cockburn, Chairman of Indus Gas Limited, commented:

 "On behalf of the Board I would like to thank both John and Marc for their contribution to the Company. Both have been board members since the Company's successful flotation in 2008 and the subsequent period of transformational growth. They depart Indus with our sincere thanks and best wishes for the future.

 The current search to add to and strengthen the Board is focused on attracting candidates equipped with the appropriate skills and experience to make a positive contribution to the next chapter in the Company's evolution."

ENDS

For further information please contact:

Indus Gas Limited
Peter Cockburn	c/o Arden  [phone]
Arden Partners plc
Richard Day	[phone]
Bell Pottinger PR
Philip Dennis	[phone]
Elena Dobson	[phone]

 

END

 

 

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