26 Nov 2018 07:00
26 November 2018
Solo Oil plc
("Solo" or the "Company")
Directorship Change
Solo (AIM: SOLO), the natural resources investment company focused on acquiring and developing a diverse global non-operated portfolio of strategic oil and gas assets, today announces the retirement of Donald Strang as a non-executive director of the Company. Mr Strang was first appointed as Finance Director in October 2014 before stepping down to a non-executive capacity in August 2016. The board intends on appointing a new independent non-executive director in the near term having regard to the QCA Corporate Governance Code adopted by the Company.
Alastair Ferguson, Solo's Non-Executive Chairman, commented:
"On behalf of the board and shareholders I would like to thank Don for his contribution to the Company. The Company is in an important transitional phase with best practice corporate governance a key deliverable for the board. In this regard we will be looking to appoint an independent non-executive director in due course."
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
For further information, please visit www.solooil.co.uk or contact:
Solo Oil plc | +44 (0) 20 7440 0642 |
Dan Maling, Managing Director | |
Alastair Ferguson, Non-Executive Chairman | |
Strand Hanson Limited (Nominated & Financial Adviser) | +44 (0) 20 7409 3494 |
James Spinney | |
Ritchie Balmer | |
Frederick Twist | |
Shore Capital (Broker) | +44 (0) 20 7408 4090 |
Jerry Keen | |
Buchanan (PR) | +44 (0) 20 7466 5000 |
Ben Romney | |
Chris Judd | |
Henry Wilson |
Notes to Editors:
Solo Oil plc (Solo), is a natural resources investment company with a diverse portfolio of onshore assets, principally in Europe and Africa. The company seeks to deliver returns through early stage investment in promising projects and uses management's own sector expertise to assist in strategic asset development. Solo's portfolio currently includes extensive interests in the prolific Ruvuma Basin in Tanzania, Helium One Limited, the Tanzanian helium exploration company, and Kiliwani North, a natural gas producing project in Tanzania.