22 May 2012 07:00
WESSEX EXPLORATION PLC
(AIM: WSX)
Directorate Change
Wessex Exploration PLC ("Wessex" or "the Company") announces that David Bramhill has resigned as non-executive chairman with immediate effect. The Company would like to thank Mr Bramhill for his contribution to the Company, particularly his efforts in achieving a successful AIM flotation, and wishes him well for the future.
The Company has commenced a process to recruit a replacement for Mr Bramhill. It is the Board's intention to appoint at least one non-executive director who will be independent of management.
The Company has agreed to pay Mr Bramhill his contractual entitlement under his letter of appointment and as regards the Company's unapproved share option scheme he has been granted good leaver status.
Contacts | |
Wessex Exploration PLC | www.wessexexploration.com |
Frederik Dekker - Managing Director | +44 (0) 117 315 9010 |
WH Ireland Limited | www.wh-ireland.co.uk |
John Wakefield / Marc Davies (Corporate Finance) | +44 (0) 117 945 3470 |
Ruari McGirr / Sebastian Wykeham (Institutional Sales) | +44 (0) 207 220 1691 |
Yellow Jersey PR | +44 (0) 776 853 7739 |
Dominic Barretto | dominic@yellowjerseypr.com |