LAM.L Regulatory News (LAM)

14 Jun 2007 09:45

Lamprell Plc14 June 2007 14 June 2007 LAMPRELL PLC ("Lamprell" or the "Company") APPOINTMENT OF DIRECTOR OF THE BOARD Lamprell (symbol: LAM), a leading provider of specialist engineering services tothe international oil & gas industry based in the UAE, is pleased to announcethat Mr. Scott Doak was appointed a Director of the Board at the Company'sAnnual General Meeting held on 11th June 2007. Scott was appointed as the Chief Financial Officer of Lamprell in March 2007 andhas over 20 years of accounting experience in the Middle East. Prior to joiningLamprell he worked for Reuters Ltd. serving as the Head of Finance for MiddleEast & Africa, where he was also a member of the Senior Management Groupinvolved in Strategic Planning and Market Development. Previously Scott hasheld senior financial roles with Telerate Ltd., Dubai, Price Waterhouse, Dubaiand Whinney Murray & Company (Saudi affiliate to Ernst & Young). Scott (age 45) holds 8,000 ordinary shares of 5 pence each in the Companyrepresenting 0.004% of the issued share capital of the Company. Speaking on the appointment of Scott Doak, Peter Whitbread, Chairman and CEO said: "We are delighted to welcome Scott Doak to the Board of the Company, Scottbrings a wealth of Middle Eastern financial experience to the Group and has overthe past few months proved himself to be a valuable member of the managementteam and we look forward to working with him as Lamprell continues to grow." Scott Doak is currently a Director in the following companies: Company Date of appointment Caledonian Investments (Dubai) Limited 13 January 2005Caledonian Developments (Dubai) Limited 2 May 2006Caledonian Management (Dubai) Limited 16 March 2006 Scott Doak's previous Directorships were: Company Date of resignation Reuters Middle East Limited 28 February 2007Reuters MEA Limited 28 February 2007Reuters Cyprus Limited 28 February 2007Reuters Malta Limited 28 February 2007Reuters Saudia Limited 28 February 2007 Save as set out above, there are no other matters under Rule 17 or paragraph (g)of Schedule 2 of the AIM rules to be disclosed. Enquiries: Lamprell plc (+44 20 7638 9571)Peter Whitbread, Chairman and Chief Executive OfficerDavid Moran, Chief Operating Officer JP Morgan Cazenove, London (+44 20 7588 2828)Nick GarrettMalcolm Moir Citigate Dewe Rogerson, London (+44 20 7638 9571)Media enquiries: Martin Jackson/George CazenoveAnalyst enquiries: Nina Soon Notes to editors • Lamprell, based in the UAE, has played an increasingly prominent role in the development of the offshore industry in the Arabian Gulf for over 30 years, in later years providing specialised services to the offshore oil and gas industry. • Lamprell's two primary facilities are in Port Khalid, in the Emirate of Sharjah, and in the Jebel Ali Free Zone, in the Emirate of Dubai, both of which are in the UAE • The principal markets in which Lamprell operates, and the principal services it provides, are: - Upgrade and refurbishment of offshore jackup rigs; - New build construction for the offshore oil and gas sector, including Floating Production, Storage and Offloading systems and other offshore and onshore structures; and - Oilfield engineering services, including the upgrade and refurbishment of land rigs. • Lamprell has grown strongly over the last three years, driven by buoyant conditions in the oil and gas industry and the increase in capacity with the opening of its facility in the Jebel Ali Free Zone in 2002. This information is provided by RNS The company news service from the London Stock Exchange