27 Jun 2014 07:00
For Immediate Release
| 27 June 2014
|
EGDON RESOURCES PLC
("Egdon" or "the Company")
Appointment of Non-Executive Director
Egdon Resources plc (AIM:EDR) is delighted to announce the appointment of Neil O'Brien as a Non-Executive Director of the Company with immediate effect. Neil is Chief Executive Officer of Alkane Energy plc which holds 40,000,000 ordinary shares of Egdon, representing approximately 18 per cent. of Egdon's issued share capital.
Neil is a qualified Chartered Accountant with over 20 years' management experience within the UK and Europe. After qualifying at Coopers Lybrand, Neil joined Blue Circle Industries PLC where he held a number of senior financial roles including a period as Finance Director of Blue Circle's French based Heating Products operations. More recently Neil was Finance Director at Speedy Hire PLC the UK's largest rental company and a FTSE250 member. During Neil's ten years at Speedy Hire the group was transformed from a generalist building group to focus on the Speedy brand which grew revenues to over £450m in 2008. Neil joined Alkane Energy plc as Chief Executive Officer in November 2008.
Neil Christopher O'Brien, aged 51, is currently a Director of, or during the past five years has been a Director of, the following companies:
Current directorships
Alkane Energy plc
Alkane Biogas Limited
Alkane Energy UK Limited
Alkane Pro2 Services Limited
Coalgas (Cymru) Limited
Coalgas (Europe) Limited
Eastern Pegasus Limited
MW Renewables Limited
Seven Star Natural Gas Limited
Regent Park Energy Limited
Neil O'Brien has an interest in 749,000 ordinary shares of Alkane Energy plc.
There is no further information to be disclosed under Rule 17 or Paragraph (g) of Schedule 2 of the AIM Rules for Companies.
Philip Stephens Chairman of Egdon, commented:
"On behalf of the Board, I am delighted to welcome Neil O'Brien as a Non-Executive Director of Egdon. Neil brings a wealth of valuable experience to the Company, particularly in the UK energy sector. We all look forward to working with him as we continue to grow the business".
For further information please contact:
Egdon Resources plc
Mark Abbott, Jerry Field 01256 702 292
Buchanan
Richard Darby, Anna Michniewicz 020 7466 5000
Nominated Adviser and Broker - Cantor Fitzgerald Europe
David Porter, Tom Sheldon (Corporate Finance) 020 7894 7000
Richard Redmayne (Corporate Broking)
Joint Broker - VSA Capital Limited
Andrew Monk, (Corporate Broking) 020 3005 5000
Andrew Raca (Corporate Finance)
Notes to Editors:
Egdon Resources plc (LSE:EDR) is an established UK-based exploration and production company primarily focused on onshore exploration and production in the hydrocarbon-producing basins of the UK and France.
Egdon holds interests in thirty seven licences in the UK and France and has an active programme of exploration, appraisal and development within its balanced portfolio of oil and gas assets. Egdon is an approved operator in both the UK and France.
Egdon was formed in 1997 and listed on AIM in December 2004.