Appointment of Nomad and Board Changes

RNS Number : 8844A

Reabold Resources PLC

17 September 2018

 

17 September 2018

Reabold Resources Plc

("Reabold" or the "Company")

Appointment of Nominated Adviser

and

Board Changes

Reabold, the oil and gas investing company, announces the appointment of Strand Hanson Limited as Nominated & Financial Adviser to the Company with immediate effect.

Reabold is also delighted to announce the appointment to the board, with immediate effect, of Marcos Mozetic and Mike Felton, both as Non-Executive Directors.

Marcos Mozetic, an exploration geologist, brings over 41 years of international technical experience in the oil and gas industry to the Company. His most recent experience was in designing, implementing and leading Repsol S.A's exploration strategy between 2004 and 2016. During this period Repsol become a leader in reserve replacement and participated in some of the most exciting discoveries worldwide.

Previous to this, Marcos worked as a development geologist in 1975 with Bridas, before moving into the exploration department, which he later led. Following this, Marcos worked for BHP Petroleum and BHP Minerals as Chief Geologist for Argentina and later Country Leader. Marcos holds a BSc and Post-Graduate degree in Petroleum Geology from the University of Buenos Aires.

Mike Felton is an experienced fund manager in the City and brings over 29 years of financial expertise to the Company. Mike previously served as Head of UK Retail Equities at M&G Investments and was Manager of the M&G UK Select Fund, growing the fund's assets from £110m to circa £550m at its peak. Mike has also previously served as Joint Head of Equities at ISIS Asset Management and Manager of ISIS UK Prime Fund, as well as Chief Investment Officer at Lumin Wealth, a position he still retains part-time. Mr Felton sits on the International Tennis Federation's Investment Advisory Panel and is a Business Ambassador for Anthony Nolan, the UK's blood cancer charity and bone marrow register.

Stephen Williams, co-CEO, commented:

"We are extremely pleased to welcome both Marcos and Mike to the Company and look forward to working with them both in the years to come. Between them, they bring invaluable technical and capital allocation expertise to Reabold and will complement our already experienced and dynamic team."

Sachin Oza, co-CEO, commented:

"Marcos's expertise, which was instrumental in rebuilding Repsol's business and unlocking some of the industry's most exciting discoveries globally, combined with Mike's extensive financial experience, will be invaluable in Reabold's pursuit of growth and value creation."

Further information in relation to the appointments of Mr Mozetic and Mr Felton pursuant to paragraph (g) of Schedule Two to the AIM Rules for Companies appears below.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

Enquiries:                                                                                                        

Reabold Resources Plc

Stephen Williams / Sachin Oza

c/o Camarco

Tel. [phone]

Strand Hanson Limited (Nominated & Financial Adviser)

Rory Murphy / James Spinney / James Dance

Tel. [phone]

Camarco (PR)

James Crothers / Ollie Head / Billy Clegg

Tel. [phone]

Whitman Howard Limited (Joint Broker)

Hugh Rich / Grant Barker

Tel. [phone]

Turner Pope Investments (TPI) Ltd (Joint Broker)

Andy Thacker

Tel. [phone]

Additional Information on Mr Mozetic and Mr Felton

The following additional information is provided in accordance with paragraph (g) of Schedule Two to the AIM Rules for Companies:

Marcos Estanislao Mozetic Vidmar (aged 66)

Current Directorships / Partnerships	Past Directorships / Partnerships (last 5 years)
N/A	Repsol Sinopec Brasil S.A.
	EniRepSa Gas Limited

Michael Craig Felton (aged 51)

Current Directorships / Partnerships	Past Directorships / Partnerships (last 5 years)
Lumin Wealth Management Limited*	N/A

*Subject to regulatory approval

Mr Felton is interested in 2,808,876 ordinary shares in the Company, representing approximately 0.07% of the issued share capital.

Mr Mozetic does not hold any interest in the Company's ordinary shares.

There is no other information that is required to be disclosed pursuant to paragraph (g) of Schedule Two of the AIM Rules for Companies.

 

END

 

 

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