Appointment of Non-Executive Director

Jadestone Energy PLC

18 October 2023

 

Appointment of Gunter Waldner as a Non-Executive director of Jadestone Energy plc

18 October 2023 - Singapore: Jadestone Energy plc ("Jadestone" or the "Company"), an independent oil and gas production company focused on the Asia-Pacific region, announces the appointment of Gunter Waldner as a non-executive director of the Company with immediate effect. Mr Waldner was nominated as a non-executive director by the Company's largest shareholder, Tyrus Capital S.A.M. and funds managed by it ("Tyrus"), pursuant to the relationship agreement entered into by the Company and Tyrus in November 2018.   Mr Waldner will stand for election at the Company's 2024 Annual General Meeting.

Gunter Waldner, an Austrian national, has over 25 years of corporate finance and investment management experience.  Mr Waldner is currently Head of Private Equity and Co-Chief Investment Officer of Tyrus Capital S.A.M. having joined the firm in 2012.  Prior to Tyrus Capital, Mr Waldner spent five years in senior positions at AlpInvest Partners, where he was responsible, amongst others, for deal sourcing, structuring and execution of secondary private equity transactions and portfolio management.

Mr Waldner's previous experience includes 10 years in investment banking at Lehman Brothers, advising corporates on M&A transactions and capital market activities. Mr Waldner holds a Master's degree in Business Administration and Economics from the Vienna University of Economics and Business Administration.

Dennis McShane, Chair of Jadestone commented:

"On behalf of Jadestone, I welcome Gunter to the Board. His significant corporate finance and investment experience, as well as familiarity with strategy and M&A execution, will be important and complementary additions to our director skillset.

Following Gunter's appointment, we will continue with the previously announced Board restructuring as we recognise the importance of maintaining independence, while balancing the need to manage the size of the Board and strengthening capability and experience to support the growth of the business.  We look forward to updating our shareholders on this process in due course."

Regulatory disclosures

The following information is disclosed under Rule 17 and Schedule Two, paragraph (g), of the AIM Rules for Companies:

Gunter Waldner (aged 51)

Mr Waldner does not directly hold any ordinary shares nor options over ordinary shares in the Company.  Mr Waldner indirectly holds securities in the Company through personal investments in entities for which Tyrus Capital S.A.M. acts as a discretionary asset manager.

Mr Waldner is currently Director, Co-Chief Investment Officer and Head of Private Equity at Tyrus Capital S.A.M., where he has worked since 2012.  Mr Waldner is also a director of New Lake 42 B.V.

There is no further information which is required to be disclosed under Schedule Two, paragraph (g),

of the AIM Rules for Companies in respect of Gunter Waldner.

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For further information, please contact:

Jadestone Energy plc
Paul Blakeley, President and CEO	[phone] (Singapore)
Bert-Jaap Dijkstra, CFO Phil Corbett, Investor Relations Manager	[phone] (UK)
	[e-mail]
Stifel Nicolaus Europe Limited (Nomad, Joint Broker)	[phone] (UK)
Callum Stewart
Jason Grossman
Ashton Clanfield
Jefferies International Limited (Joint Broker)	[phone] (UK)
Will Soutar
Cameron Jones
Camarco (Public Relations Advisor)	[phone] (UK)
Billy Clegg	[e-mail]
Andrew Turner Elfie Kent

About Jadestone Energy

Jadestone Energy plc is an independent oil and gas company focused on the Asia-Pacific region.  It has a balanced and increasingly diversified portfolio of production and development assets in Australia, Malaysia, Indonesia, Thailand and Vietnam, all stable jurisdictions with a positive upstream investment climate.

Led by an experienced management team with a track record of delivery, who were core to the successful growth of Talisman Energy's business in Asia-Pacific, the Company is pursuing a strategy to grow and diversify the Company's production base both organically, through developments such at Akatara in Indonesia and Nam Du/U Minh in Vietnam, as well as through acquisitions that fit within Jadestone's financial framework and play to the Company's strengths in managing maturing oil assets. Jadestone delivers value in its acquisition strategy by enhancing returns through operating efficiencies, cost reductions and increased production through further investment.

Jadestone is a responsible operator and well positioned for the energy transition through its increasing gas production, by maximising recovery from existing brownfield developments and through its Net Zero pledge on Scope 1 & 2 GHG emissions from operated assets by 2040. This strategy is aligned with the IEA Net Zero by 2050 scenario, which stresses the necessity of continued investment in existing upstream assets to avoid an energy crisis and meet demand for oil and gas through the energy transition.

Jadestone Energy plc (LEI: 21380076GWJ8XDYKVQ37) is listed on the AIM market of the London Stock Exchange (AIM: JSE).  The Company is headquartered in Singapore.  For further information on the Company please visit www.jadestone-energy.com.

The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

 

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