11 May 2012 07:33
11 May, 2012
PRESIDENT PETROLEUM COMPANY PLC
("President" or "the Company")
Peter Levine appointed as Executive Chairman
President is pleased to announce the appointment of Peter Michael Levine as Executive Chairman effective 11 May, 2012.
Mr. Levine, 56, a graduate and Honorary Fellow of Trinity College, Oxford, will join the Board of President as Executive Chairman. Mr. Levine founded the former FTSE 250 company Imperial Energy Corporation PLC.
John Hamilton, the Interim Chairman of President and Managing Director of Levine Capital Management Advisors Limited will continue on the Board as Executive Director.
For further information contact:
President Petroleum Company
John Hamilton, Director +44 (0) 207 811 0140
Ben Wilkinson, Finance Director +44 (0) 207 811 0140
RBC Capital Markets
Jeremy Low, Stephen Foss, Matthew Coakes +44 (0) 207 653 4000
Jeffries Hoare Govett +44 (0) 207 029 8316
Simon Hardy, Max Jones
Pelham Bell Pottinger +44 (0) 207 861 3232
James Henderson, Mark Antelme
Further information on Mr. Levine as required by AIM Rule 17 and Schedule Two, paragraph (g) of the AIM Rules for Companies:
Mr. Levine currently holds, or has held during the previous five years, the following directorships and/or partnerships:
Current Directorships President Petroleum Company Holdings B.V. Levine Capital Management Limited (BVI) President Petroleum Pty Limited President Petroleum (USA) Inc. Pinnacle Holdings GmbH Pinnacle Executive Management GmbH Pinnacle Nominees GmbH Pinnacle Secretaries GmbH Pinnacle Trustees GmbH Pinnacle Management Services GmbH Alpha Oil Invest GmbH | Former Directorships Imperial Energy Corporation PLC Imperial Energy Limited Severfield-Rowen PLC Keltbray Group (Holdings) Limited President Petroleum Coöperatief U.A. Severfield-Rowen PLC Dalton Airfield Estate Limited Watson Steel Structures Limited Tubemasters Limited Dalton Airfield Properties Limited Atlas (Sherburn) Limited Atlas Ward Building Systems Limited Atlas Ward EBT Limited Atlas Ward Holdings Limited Atlas Ward Limited Atlas Ward Structures Limited AW European Holdings Limited AWS Holdings Limited Reydale Structures Limited Dalton 009 Limited Sevrow Limited Rowen Structures Limited Ennerdale Appartments (Leeds) Limited PL Company Nominees Limited PL Company Secretaries Limited |
Mr. Levine is the beneficial owner of 37,118,525 ordinary shares representing approximately 28.87% of the issued share capital of the Company (excluding related parties).
Save as disclosed above, and in accordance with AIM Rule 17, there is nothing further to disclose under Schedule Two, paragraph (g) of the AIM Rules for Companies.