Directorate Change

Kistos Holdings PLC

02 October 2024

 

02 October 2024

Kistos Holdings plc

("Kistos" or the "Company")

Directorate Change

Appointment of Deputy Chief Financial Officer

Kistos (LSE: KIST) is pleased to announce the appointment of James Thomson as Deputy Chief Financial Officer with immediate effect. It is intended that Mr. Thomson will become the Company's Chief Financial Officer and join the Board of Directors on 1^st January 2025 subject to the satisfactory completion of due diligence by the Company's Nominated Adviser. He will do so after Richard Slape steps down from the Board at the end of the year.

Mr. Thomson has worked in natural resources since March 2019, initially as Finance Director of RockRose Energy and latterly in a senior finance role as Head of Design & Implementation at Anglo American. Prior to that, Mr. Thomson spent 14 years at PwC, the last four of which were as a Partner based in Santiago, Chile. He qualified as a Chartered Accountant in 2007.

Commenting, Andrew Austin, Kistos' Executive Chairman, said:

"I am pleased to announce that James has agreed to join the Kistos Holdings plc team and look forward to welcoming him onto the Board at the start of next year. His knowledge and experience will be invaluable as we continue to grow the business for the benefit of all stakeholders."

"I would like to express my gratitude to Richard, who has served on Kistos' Board of Directors for the last three years. His contribution since joining the Company has helped the business navigate the integration of its first acquisition, as well as the subsequent expansion into two new countries and into the gas storage industry."

ENDS

Enquiries:

Kistos Holdings plc Andrew Austin / Peter Mann	via Hawthorn Advisors
Panmure Liberum (NOMAD, Joint Broker) James Sinclair-Ford / Dougie McLeod / Mark Murphy	Tel: [phone]
Berenberg (Joint Broker) Matthew Armitt / Ciaran Walsh	Tel: [phone]
Hawthorn Advisors (Public Relations Advisor) Henry Lerwill / Simon Woods	Tel: [phone]
Camarco (Public Relations Advisor) Billy Clegg	Tel: [phone]

Notes to editors

Kistos plc was established to acquire and manage companies in the energy sector engaging in the energy transition trend. The Company has undertaken a series of transactions including the acquisition of a portfolio of highly cash generative natural gas production assets in the Netherlands from Tulip Oil Netherlands B.V. in 2021. This was followed in July 2022, with the acquisition of a 20% interest in the Greater Laggan Area (GLA) from TotalEnergies, which includes four producing gas fields and a development project. In May 2023, Kistos completed its third acquisition, acquiring the total share capital of Mime Petroleum and its Norwegian Continental Shelf Assets. These comprise a 10% stake in the Balder joint venture spanning Balder and Ringhorne oil fields.

Kistos is a low carbon intensity gas producer with Estimated Scope 1 CO₂ emissions from its operated activities offshore of less than 0.01 kg/boe in 2022 (excluding necessary flaring during drilling campaigns).

https://kistosplc.com/

 

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