Executive Director signs contract terms

RNS Number : 5285G

Range Resources Limited

02 March 2018

 

EXECUTIVE DIRECTOR SIGNS CONTRACT TERMS

Range makes the following disclosure in connection with new employment contract entered into with Executive Director Mr Lubing Liu. This disclosure is made in accordance with ASX Listing Rule 3.16.4.

As announced on 21 February 2018, Mr Lubing Liu has been appointed as Group Chief Operating Officer and General Manager of Trinidad. The key terms of the contract are:

Group Chief Operating Officer

·     Engaged to provide the services of a Chief Operating Officer commencing on 1 March 2018;

·     A set annual fee of US$84,000; and

·     3 month termination notice (or payment in lieu of notice, subject to the Corporations Act and Listing Rules).

General Manager of Trinidad

·    Engaged to provide the services of a General Manager of Trinidad Operations commencing on 1 March 2018 (subject to work permit approval in Trinidad);

·     A set annual fee of US$60,000; and

·     3 month termination notice (or payment in lieu of notice, subject to the Corporations Act and Listing Rules).

Contact details
Range Resources Limited Evgenia Bezruchko (Group Corporate Development Manager) e. [e-mail] t.   [phone]	Cantor Fitzgerald Europe (Nominated Adviser and Broker) David Porter / Nick Tulloch (Corporate Finance) t.   [phone]

Note relating to statutory disclosure of significant shareholdings

Statutory disclosure of significant shareholdings (as defined in the AIM Rules) is different for Australian companies and may not always ensure compliance with the requirements of Rule 17 of the Aim Rules.  All shareholders who are holding (directly or indirectly), 3% or more of the issued and outstanding Ordinary Shares are requested to notify the Company without delay of any changes to their holding which increase or decrease such holding through any single percentage. Likewise, shareholders who acquire 3% or more of the issued and outstanding Ordinary Shares are requested to notify the Company without delay.

 

END

 

 

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