Board and Management Changes

RNS Number : 4965T

UK Oil & Gas PLC

24 November 2021

 

UK Oil & Gas PLC

("UKOG" or the "Company")

Board and Management Changes

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that following a thorough external recruitment process, Matt Gormley has joined UKOG as the Company's Chief Financial Officer, a non-board position.

Matt Gormley was previously Group Financial Controller of Shanta Gold Limited and an Audit Manager at Grant Thornton UK LLP.

With effect from 1 January 2022 the board will also be restructured. Kiran Morzaria will step down as Finance Director and will become a Non-Executive Director. Allen Howard will move from Non-Executive Chairman to become an Executive Director of the Company on a part-time basis. Nick Marden Taylor will become the Non-Executive Chairman.

Chief Executive Stephen Sanderson commented:

"We are delighted to welcome Matt Gormley into the UKOG team. His fresh perspective from an alternate sector will be particularly valuable as UKOG seeks to expand internationally and diversify into green geothermal and hydrogen energy within the UK."

For further information, please contact:

UK Oil & Gas PLC

Stephen Sanderson / Kiran Morzaria                                                      Tel: [phone]

W   H Ireland Ltd  (Nominated Adviser and Broker)

James Joyce / Andrew de Andrade Tel: [phone]

Communications

Brian Alexander                                                                  Tel: [phone]

 

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