Last checked at 18 Aug 2017 11:54
18 August 2017
Bowleven plc ('Bowleven' or 'the Company')
Board Change
Bowleven plc is pleased to confirm the appointment of Matt McDonald to the Board of the Company as a Non-Executive Director with immediate effect.
The Company's largest shareholder, Crown Ocean Capital P1 Limited, requested the appointment of Mr. McDonald to the Board, as its representative. The Directors, after due consideration, agree that his appointment would be in the interests of the Company.
Matt McDonald was an international financial restructuring lawyer who has worked extensively across M&A advisory, financial restructuring and corporate finance. He has over 20 years' experience having worked with international legal firms in London, Frankfurt and Los Angeles. He has advised companies and investors on complex transactions in numerous industries, including the oil & gas industry.
Commenting on the appointment, Bowleven's Chairman, Chris Ashworth, said:
"We are pleased that Matt McDonald has agreed to join the Board of Directors and we look forward to his experience and expertise contributing to Board decisions."
Additional information:
Name | Matthew Eugene McDonald
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Age | 48
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Current Directorships / Partnerships: | 1plusX AG Hersfyne Ltd Jerome Trading Ltd TIG Finance GmbH Tusk Finance GmbH Vedra Pensions AG Vedra Pensions Verwaltungs GmbH Vedra Risk Solutions Ltd Wickhams Cay Sarl
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Save for the above, there is no further information that is required to be disclosed in accordance with Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules for Companies with respect to the appointment.
ENQUIRIES
For further information, please contact:
Bowleven plc
Christopher Ashworth, Chairman 00 44 131 524 5678
Eli Chahin, Chief Executive
Brunswick Group LLP
Patrick Handley 00 44 207 404 5959
Will Rowberry
Cenkos Securities plc (NOMAD)
Derrick Lee 00 44 131 220 6939
Neil McDonald
Notes to Editors:
Bowleven is an African focused oil and gas group, based in Edinburgh and traded on AIM. Bowleven's vision is to build an African focused company dedicated to creating and realising material value through organic growth and niche acquisitions. Bowleven holds equity interests in two blocks in Cameroon, with one block located offshore in shallow water (operated by NewAge) and one onshore (operated by Bowleven).