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3 Nov 2014 07:40
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3 November 2014
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Independent Resources plc
("IRG" or "the Company")
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Appointment of Director
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The Board of IRG is pleased to announce the immediate appointment to the Board of Owain Franks as Commercial Director.
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Owain has been working with IRG for over a year as Commercial Director. Previously Owain was a partner in PwC in the UK for 21 years. As well as having been a member of PwC's Management Board, he specialised for many years in the Oil and Gas Industry using his role as Managing Partner of the firm's Human Resource Consulting practice to bring specialist services to broad based client problems.
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During his tenure at PwC, he also provided specialist tax advice to UK and overseas clients on structuring and execution of domestic and cross-border transactions.
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Since retiring from PwC, Owain has continued to build on his substantial experience in the Oil and Gas industry. He was previously Senior Adviser to the Board of Dana Petroleum plc and is currently a non-executive director and was previously Chief Financial Officer of Warrego Energy Limited; a private company focused on an unconventional gas field development in Western Australia.
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He is also Chairman and Senior Partner of Mars Omega LLP; a niche consultancy partnership providing senior business executives with specialist intelligence and advice regarding operational and political risk, often in very difficult or complex territories such as Africa or the Middle East.
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Greg Coleman commented:
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"I am pleased to welcome Owain to the board. We are shaping the company to move forwards in this very challenging environment and I am sure that Owain will use his significant sector and general commercial experience to add value at Board level as well as within the Company."
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Further details in respect of Owain Franks as required pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies, are set out below.
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For more information, please visit www.ir-plc.com or contact:
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Greg Coleman | Independent Resources plc | 020 3367 1134 Β | |||
Phil Davies | Charles Stanley Securities | 020 7149 6942 | |||
Carl Holmes | (Nominated Adviser) Β | ||||
Simon Hudson | Tavistock Communications | 020 7920 3150 | |||
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Further information required pursuant to Schedule 2(g) of the AIM Rules for Companies
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Director Β | Current Appointments | Previous Appointments |
Owain Philip Taylor Franks (Age 58) | Warrego Energy Limited (Non-executive director) Β Mars Omega LLP and Mars Omega Partnership Limited (Chairman and Senior Partner) Β Bligh Appointments Limited (Non-executive Chairman) Β Pro bono: Β Royal Yachting Association Limited (Deputy Chairman) Β Royal Thames Yacht Club Limited (Director) Β Transfusion Music Community Interest Company (Non-executive Chairman) Β Cholmley Gardens Limited (Chairman) | Oil and Gas Management Consulting Limited Queen Mary Reservoir Sailing Club Limited Queen Mary Reservoir Sailsports Limited Franks Helicopter Leasing Limited. |
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Owain Franks currently holds 333,333 ordinary shares of the Company, representing 0.31 per cent. of its issued share capital.
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There is no further information to be disclosed under Rule 17 or paragraph (g) of Schedule Two of the AIM Rules for Companies.
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