20 Feb 2012 15:45
20 February 2012
REGAL PETROLEUM PLC
("Regal" or the "Company")
DIRECTORATE CHANGES
The Company is pleased to announce that, pursuant to the Relationship Agreement entered into between the Company, Energees Investments Limited and JSC Smart Holding UA ("JSC Smart"), as announced on 3 March 2011, Energees Investments Limited has nominated, and the Company has appointed Sergii Glazunov as a Non-Executive Director of the Company with immediate effect in place of Denis Rudev, who has resigned from the Board with immediate effect.
Mr Glazunov is a Ukrainian national and is currently the Director of Corporate Development at JSC Smart. He is a qualified Chartered Financial Analyst with an MBA from Wayne State University.
Additional information:
Sergii Glazunov, aged 41, is currently a director of the following companies:-
CFA Ukraine
Veres Group*
In the last five years he has been a director of the following companies:-
Consoris Capital LLC
JSC "Industrial Insurance Alliance"*
JSC "Velikoburluckij cheese plant"*
JSC "Kharkiv Municipal Insurance Company"*
PJSC "Agrokombinat Kalita"*
PJSC "Kalitanskiy Experimental Mill of Mixed Fodder's And Mixes"*
PJSC "Black Sea Shipyard"*
PJSC "Unex Bank"*
*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 3427 3550
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