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19 Jun 2024 07:00
19 June 2024
Kistos Holdings plc
("Kistos" or the "Company")
Directorate Changes
Appointment of Independent Non-Executive Director
Kistos (LSE: KIST), the low carbon intensity energy producer pursuing a strategy to acquire assets with a role in energy transition, is pleased to announce the appointment of Stephen Pawson to the Board as an independent Non-Executive Director with immediate effect. Stephen will replace Julie Barlow, who today steps down from the Board to focus on other professional commitments.
Mr. Pawson has 40 years' finance experience in the oil and gas exploration and production sector. He spent ten years both with Phillips Petroleum and ARCO British, fulfilling various financial roles in the UK and overseas. He then joined Star Energy, where he set up the finance function and was involved in its IPO in 2004, which was the largest on AIM that year. From 2017 to 2019, Mr. Pawson was the Finance Director of RockRose Energy plc where he was again involved in setting up the finance function, incorporating several acquisitions, and in various funding/financing activities. In August 2023, he was appointed a non-executive director of Axies Ventures Ltd, a startup company involved in non-ferrous minerals exploration.
Commenting, Andrew Austin, Kistos' Executive Chairman, said:
"I am pleased to announce that Steve has agreed to join the Kistos Holdings plc Board. His knowledge and experience will be invaluable as we continue to grow the business for the benefit of all stakeholders."
"I would like to express a huge debt of gratitude to Julie, who has served Kistos tirelessly since its inception in 2020. Her contribution over the past four years helped the business navigate its IPO and first acquisition, as well as the subsequent expansion into two new countries and into the gas storage industry."
Stephen Hargrave Pawson (aged 68)
Stephen Pawson does not own any shares in the Company.
Current Directorships
Axies Ventures Ltd.
Evans & Pawson Ltd.
Previous Directorships (within 5 years)
Waters Evans Pawson & Filbin Ltd.
Lythe Hill Park Management Company Ltd.
Lythe Hill Park Ltd.
There is no further information to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM Rules.
ENDS
Enquiries:
Kistos Holdings plc Andrew Austin / Peter Mann
| via Hawthorn Advisors |
Panmure Gordon (NOMAD, Joint Broker) James Sinclair-Ford / Dougie McLeod
| Tel: 0207 886 2500 |
Berenberg (Joint Broker) Matthew Armitt / Ciaran Walsh
| Tel: 0203 207 7800 |
Hawthorn Advisors (Public Relations Advisor) Henry Lerwill / Simon Woods
| Tel: 0203 745 4960 |
Camarco (Public Relations Advisor) Billy Clegg | Tel: 0203 757 4983 |
Notes to editors
Kistos plc was established to acquire and manage companies in the energy sector engaging in the energy transition trend. The Company has undertaken a series of transactions including the acquisition of a portfolio of highly cash generative natural gas production assets in the Netherlands from Tulip Oil Netherlands B.V. in 2021. This was followed in July 2022, with the acquisition of a 20% interest in the Greater Laggan Area (GLA) from TotalEnergies, which includes four producing gas fields and a development project. In May 2023, Kistos completed its third acquisition, acquiring the total share capital of Mime Petroleum and its Norwegian Continental Shelf Assets. These comprise a 10% stake in the Balder joint venture spanning Balder and Ringhorne oil fields.
Kistos is a low carbon intensity gas producer with Estimated Scope 1 CO₂ emissions from its operated activities offshore of less than 0.01 kg/boe in 2022 (excluding necessary flaring during drilling campaigns).
https://kistosplc.com/
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