SEA.L Regulatory News (SEA)

SeaEnergy PLC announces board restructuring

19 June, 2013

SeaEnergy PLC announces that it is restructuring its Board to more closely fit with its business needs and has decided to combine the roles of Finance and Commercial Director. Steven Bertram, currently Commercial Director, has been appointed to fill this role and will also assume the role of Company Secretary.

As a result, Chris Moar will step down as Finance Director and Company Secretary with immediate effect, by mutual consent, and is leaving SeaEnergy. 

David Sigsworth, Chairman, said "SeaEnergy thanks Chris for his service over many years and wishes him well for the future. SeaEnergy continues to make good progress with implementing its strategy and looks forward to announcing its interim results in due course."

Notes for Editors

1. Chris Moar joined SeaEnergy in 1993, and was appointed Finance Director in 2006. He qualified as a Chartered Accountant with Arthur Young in 1987.

2. Steven has been with SeaEnergy since 1986 and has previously served as Finance Director, and more recently as Commercial Director. Steven has an MA Honours degree in Economics with Accountancy from Aberdeen University and qualified as a Chartered Accountant with Arthur Young in 1984.

ENQUIRIES

SeaEnergy PLC Tel: 01224 748480John Aldersey-Williams - Chief Executive

Investec Bank PLC Tel: 020 7597 4000James Grace, David Flin

Pelham Bell Pottinger - Public Relations Tel: 0 20 7861 3232Mark Antelme, Rollo Crichton-Stuart

SeaEnergy PLCBritannia HouseEndeavour DriveArnhall Business ParkWesthillAberdeenshireAB32 6UFUnited KingdomTel: +44 (0)1224 748480Fax: +44 (0)1224 748481