4 Apr 2011 07:00
4 April 2011
REGAL PETROLEUM PLC
("Regal" or the "Company")
BOARD APPOINTMENTS
The Company is pleased to announce that, following the closing of the increased, recommended partial cash offer made by Energees Management Limited ("Energees Management") on 6 February 2011 and pursuant to the Relationship Agreement entered into between the Company, Energees Investments Limited ("Energees Investments") and JSC Smart Holding UA ("JSC Smart") announced on 3 March 2011, Energees Investments has nominated, and the Company has appointed Alexey Pertin and Denis Rudev as additional Directors of the Company with immediate effect. Their appointment to the Board of the Company is in addition to the appointment of Oleksii Tymofieiev which was announced on 28 March 2011. In accordance with the Relationship Agreement, Energees Investments and JSC Smart are entitled to nominate three appointees to the Board and have now done so.
Mr Pertin has been appointed as a Non-Executive Director and Mr Rudev has been appointed as an Executive Director. Mr Pertin is currently a director of Energees Investments and Energees Management and is the Chief Executive Officer of JSC Smart. Mr Rudev is currently a director of Energees Management and First Deputy Chief Executive Officer for Finance of JSC Smart.
Following the appointments of Mr Pertin and Mr Rudev, the Board of Regal now comprises the following directors:-
·; Keith Henry (Chairman)
·; Denis Rudev (Executive Director)**
·; Harry Verkuil (Chief Operating Officer)
·; Robert Wilde (Finance Director)
·; Adrian Coates (Non-Executive Director)
·; Alastair Graham (Non-Executive Director)
·; Oleksii Tymofieiv (Non-Executive Director)**
·; Alexey Pertin (Non-Executive Director)**
** Directors nominated by Energees Investments
Additional information
Alexey Pertin, aged 38, is currently a director of the following companies:-
Energees Investments Limited
Energees Management Limited
JSC Smart Holding UA
Adeona Holdings Limited
Smart Holding N.V.
Legolas Limited
Metinvest Holding UA
JSC Moldova Steel Works
In the last five years he has been a director of the following companies:-
Makiyivka Steel Works UA*
JSC Severstal Group
Denis Rudev, aged 31, is currently a director of the following companies:-
Energees Management Limited
JSC Smart Holding UA
R&S Capital Partners Limited
Legolas Limited
Metinvest Holding UA*
Unex Bank UA*
JSC Moldova Steel Works
* Relates to the appointment to a supervisory board.
There is no other information that is required to be disclosed pursuant to paragraph (g) of Schedule Two to the AIM Rules for Companies.
Enquiries
For further information please contact:
Regal Petroleum plc
Keith Henry, Chairman Telephone: +44 20 7408 9500
Robert Wilde, Finance Director
Strand Hanson Limited
(Nominated Adviser to Regal)
Simon Raggett Telephone: +44 20 7409 3494
Rory Murphy
Citigate Dewe Rogerson
Martin Jackson Telephone: +44 20 7638 9571
George Cazenove