Last checked at 30 Mar 2017 07:00
30 March 2017
Bowleven plc ('Bowleven' or 'the Company')
Board Changes
Bowleven, the Africa focused oil and gas group traded on AIM today announces that following 18 months' service Billy Allan, non-executive Chairman of the board, has resigned as a director of the Company with immediate effect. Billy will be replaced as Chairman by Christopher Ashworth, non-executive director, with immediate and simultaneous effect. The board would like to take this opportunity to thank Mr Allan for his service to the Company.
In addition, and further to recent press speculation, the board confirms that the employment contracts of both former executive directors Kevin Hart and Kerry Crawford have been terminated with effect from 31 March 2017, and both are no longer involved in the running of the Company.
The board continues to focus on carrying out its previously announced Strategic Review and a further announcement will be made regarding this in due course.
ENQUIRIES
For further information please contact:
Bowleven plc
David Clarkson, Chief Operating Officer 00 44 131 524 5678
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).