Last checked at 18 Dec 2023 16:00
EnQuest PLC 18 December 2023
Directorate Change
EnQuest PLC ('EnQuest' or the 'Company') announces that Karina Litvack, Non-Executive Director, has informed the Board of her intention to resign as Non-Executive Director of the Company with immediate effect, due to an unexpected conflict arising through the EU Unbundling Directive which prohibits any director of a European power transmission company from also serving on the board of an upstream operator. Ms. Litvack is a director of Terna S.p.A, an Italian company.
As part of its ongoing Board renewal process, the EnQuest PLC Board will seek to allocate the positions of Senior Independent Director and Chair of Remuneration and Social Responsibility Committee, which are today vacated by Ms. Litvack.
Commenting on today's announcement, Gareth Penny, Chairman, said:
"On behalf of the Board, I would like to thank Karina for her contribution to EnQuest, which has been meaningful over the period she has been with us. Karina has brought a passion to her role as a Director and her commitment to delivering a just energy transition is something that the Board and I will seek to emulate going forward."
This announcement is made pursuant to paragraph 9.6.13R of the Listing Rules of the UK Listing Authority ('UKLA'). There are no other disclosures to be made pursuant to the paragraph 9.6.13R (1)-(6) of the Listing Rules.
Ends
For further information please contact:
EnQuest PLC | Tel: +44 (0)20 7925 4900 |
Amjad Bseisu (Chief Executive Officer) |
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Salman Malik (Chief Financial Officer) |
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Craig Baxter (Head of Investor Relations) |
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Teneo | Tel: +44 (0)20 7353 4200 |
Martin Robinson |
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Martin Pengelley |
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Harry Cameron |
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Notes to editors
ENQUEST
EnQuest is providing creative solutions through the energy transition. As an independent energy company with operations in the UK North Sea and Malaysia, the Group's strategic vision is to be the partner of choice for the responsible management of existing energy assets, applying its core capabilities to create value through the transition.
EnQuest PLC trades on both the London Stock Exchange and the NASDAQ OMX Stockholm.
Please visit our website www.enquest.com for more information on our global operations.
Forward-looking statements: This announcement may contain certain forward-looking statements with respect to EnQuest's expectations and plans, strategy, management's objectives, future performance, production, reserves, costs, revenues and other trend information. These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that may occur in the future. There are a number of factors which could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements and forecasts. The statements have been made with reference to forecast price changes, economic conditions and the current regulatory environment. Nothing in this announcement should be construed as a profit forecast. Past share performance cannot be relied upon as a guide to future performance.