10 Feb 2020 07:00
10 February 2020
LAMPRELL PLC("Lamprell" and with its subsidiaries the "Group")
DIRECTORATE CHANGES
Mr Nicholas Garrett has decided to resign as a Non-executive Director for personal reasons and the Board has agreed to his departure with immediate effect.
Dr. John Malcolm, Chairman of Lamprell, said:
"I would like to thank Nick for his involvement on the Board over the past three years and for his insights as the Company has navigated through this challenging period. He has contributed significantly as we have worked to re-position the Company for the future and it is with regret that we see him leave. The Board wishes him all the best for the future."
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
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Notes to editors
Lamprell PLC, based in the United Arab Emirates ("UAE") and with over 40 years' experience, is a leading provider of fabrication, engineering and contracting services to the offshore and onshore oil & gas and renewable energy industries. The Group has established leading market positions in the fabrication of shallow-water drilling jackup rigs, liftboats, land rigs, and rig refurbishment projects, and it also has an international reputation for building complex offshore and onshore process modules and fixed platforms.
Lamprell employs around 5,000 people across multiple facilities, with its primary facilities located in Hamriyah, Sharjah and Jebel Ali, all of which are in the UAE. In addition, the Group has facilities in Saudi Arabia (through a joint venture agreement). Combined, the Group's facilities cover approximately 828,000 m2 with 1.6 km of quayside.
Lamprell is listed on the London Stock Exchange (symbol "LAM").