RE: New director appointment26 Jul 2018 08:23
Alastair Ferguson commented:
"As the Company enters a critical phase in considering the commercialisation of its core assets in the Ruvuma Basin, the Horse Hill discovery and its exciting helium asset, I am delighted to be invited by the Solo Board to become a non-executive director and Chairman-designate. As the strategic focus of the Board turns to how to provide a return to Shareholders through the monetisation of its assets and the eventual reinvestment of at least part of the proceeds, I look forward to bringing my own expertise to the Board to deliver this outcome."
It is intended that Mr Ferguson will take over as Non-Executive Chairman following the conclusion of the Company's AGM on 6 August 2018, when Mr Ritson will retire as Executive Chairman and as a director of the Company and assume the role of Technical Advisor. It is additionally anticipated that Don Strang will retire as a director in the coming months, alongside a further appointment of an Independent Non-Executive Director.