3 Dec 2019 09:00
3 December 2019
VOLGA GAS PLC
Directorate Change
Volga Gas plc ("Volga Gas", the "Group" or the "Company"), the oil and gas exploration and production group operating in the Volga region of Russia, announces a change in its directorate.
Ronald Freeman has advised the Board that after 13 years of service as an independent non-executive director of the Company he wishes to retire with effect of 31 December 2019.
The Company has commenced a search process for another independent director to replace Mr. Freeman and a further announcement relating to the appointment will be made as soon as possible.
Mikhail Ivanov, Chairman of Volga Gas, commented:
"On behalf of the Board of Volga Gas I would like to express our warmest appreciation to Ron for the support, guidance and wise counsel he has given the Company for so many years. He has been a key member of the Board since the Company's foundation and apart from being a valued colleague has also been a kind friend to all of us."
For additional information please contact:
Volga Gas plc | |
Mikhail Ivanov, Chairman Andrey Zozulya, Chief Executive Officer Vadim Son, Chief Financial Officer Tony Alves, Investor Relations Consultant | +7 (985) 921 8916 +7 (903) 385 9889 +7 (905) 381 4377 +44 (0) 7824 884 342 |
S.P. Angel Corporate Finance LLP | +44 (0) 20 3470 0470 |
Richard Redmayne, Richard Morrison, Richard Hail | |
FTI Consulting | +44 (0) 20 3727 1000 |
Alex Beagley, Fern Duncan |
Editors' notes:
Volga Gas is an independent oil and gas exploration and production company operating in the Volga region of European Russia. The Company has 100% interests in its five licence areas.