Director Appointment

RNS Number : 7984A

Range Resources Limited

01 October 2015

 



Director Appointment

The Board is pleased to announce the appointment of Mr. Yu Wang, the nominee of Beijing Sibo Investment Management LP ("Sibo"), as a Non-Executive Director to the Board with immediate effect.

The appointment is made pursuant to Sibo's contractual right to appoint up to three Non-Executive Directors to the Board of the Company, arising from the Subscription Agreement entered into with the Company as part of their investment of US$30 million in Range earlier this year, as announced on 29 May 2015.

Mr. Wang, 33, has five years of corporate experience in finance and investments, focusing on energy and mineral sectors. He is currently a senior investment manager at Shanghai Anjin Investment Co., Ltd., responsible for project investments and management, both domestically and overseas. Previously, he worked as an investment manager at Weihai International Economic & Technical Cooperative Co., Ltd, specialising in project analysis and evaluation of energy and mineral projects in Africa, including oil and gas projects in the Republic of the Congo. Prior to that, he was an investment analyst at Beijing Golden Valley Investment Management Co., Ltd.

Mr. Wang holds an MSc in Economics from the University of Edinburgh, and a BSc in Financial Economics from the University of Dundee.

Appendix Schedule Two (g) information

Mr. Wang has not been a director of any company in the last five years.

Mr. Wang does not hold any interest in the share capital of the Company.

There are no other matters in relation to the new directors that require disclosure under the AIM Rules.

Contact Details
Range Resources Limited Evgenia Bezruchko (Investor Relations) e. [e-mail] t.   [phone]	Cantor Fitzgerald Europe (Nominated Advisor and Broker) David Porter / Sarah Wharry (Corporate Finance) Richard Redmayne (Corporate Broking) t.   [phone]

 

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