Directorate Change

RNS Number : 2961C

Enteq Upstream PLC

30 April 2012

 

Enteq Upstream plc

("Enteq" or the "Company")

Board appointment

Enteq, the oil and gas field services company, which has today announced the conditional acquisition of substantially all of the operating assets and certain liabilities of XXT Incorporated ("XXT") (the "Acquisition") has also conditionally raised approximately £40.2 million (net of expenses) by way of a placing of 42,000,000 new ordinary shares (the "Placing").

The Company is pleased to announce that Ian Leaman, Enteq's interim Chief Financial Officer, was appointed to the Board of Directors as Chief Financial Officer on 27 April 2012. Ian Leaman was also appointed to the role of Company Secretary.

Ian David Leaman (50 years old) is a Chartered Accountant who qualified with Deloitte (then Touche Ross). Subsequently, Ian has held both chief financial officer and advisory positions and has specialised in corporate finance, advising businesses in various sectors, both public and private, in acquisitions, disposals and fundraisings. He is Vice-Chairman of the Institute of Chartered Accountants in England and Wales's Corporate Finance Faculty and is a non-executive director of Octopus VCT3 plc.

For further information, please contact:

Enteq Upstream plc	[phone]
Martin Perry, Chief Executive Officer
Ian Leaman, Chief Financial Officer
Investec Bank plc	[phone]
James Grace, Patrick Robb
David Anderson
Pelham Bell Pottinger	[phone]
Mark Antelme, Charlie Stewart

Additional disclosures pursuant to Schedule 2(g) of the AIM Rules:

Current directorships and partnerships:	Past five years' directorships and partnerships:
Buckingham Corporate Finance Ltd	Buckingham & Cavour Limited
Leaman Advisory Limited
Luxe Locations LLP
Octopus VCT 3 PLC
Timeless Releasing LLP

There is no other information that is required to be disclosed with regards to the appointment of Ian Leaman pursuant to Schedule 2 paragraph (g) of the AIM Rules.

 

END

 

 

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