20 Mar 2020 07:00
20 March 2020
Volga Gas plc
("Volga Gas", the "Company" or the "Group")
Directorate Changes
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to announce that Stewart Dickson and Andrei Yakovlev have been appointed as independent non-executive directors of the Company with immediate effect.
Mr Dickson has significant corporate and commercial experience across the natural resources and financial services sectors. He is currently Chief Executive Officer of ASX listed Variscan Mines Limited and is a non-executive director of LSE listed Trans-Siberian Gold plc. He previously worked as a corporate finance director for over ten years, advising on equity capital markets and M&A in the mining and oil sectors, working at Daniel Stewart & Co, Seymour Pierce and latterly at Cantor Fitzgerald Europe. Prior to his finance career, he served as an officer in the British Army.
Dr. Yakovlev is a City lawyer with 25 years of experience with leading international law firms in corporate finance, M&A, corporate governance and dispute resolution in the areas of foreign investment, M&A, joint ventures and fraud. He is qualified in law in Russia, New York and England. He is currently a partner at King & Wood Mallesons, having joined his present firm in 2014. He has dual Russian and British citizenship.
The Company also announces that Mr Vladimir Koshcheev, who has served as a non-executive director of since 2007, has decided to retire from the Board at the Company's next Annual General Meeting.
Mikhail Ivanov, Chairman of Volga Gas said "I am delighted to welcome these two highly qualified individuals to the Board and look forward to working with them to ensure good corporate governance and strategic leadership in the interest of all shareholders. I would also like to express my personal thanks and appreciation to the support and advice I and Volga Gas have received from Vladimir Koshcheev for these many years."
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
For further information, please contact:
Volga Gas plc | |
Andrey Zozulya, Chief Executive Officer Vadim Son, Chief Financial Officer Tony Alves, Investor Relations Consultant | +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 Morrison, Richard Hail, Soltan Tagiev | |
FTI Consulting | +44 (0) 20 3727 1000 |
Alex Beagley, Fern Duncan |
Appendix
The information required by Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules for Companies in relation to the appointment of Stewart James Dickson (formerly, Dick) (aged 42) and Andrei Yakovlev (aged 50), are as follows:
Name | Current Directorships | Past Directorships within 5 years |
Stewart James Dickson | Variscan Mines Limited | Variscan Mines SASU |
Variscan Mines Europe Limited | ||
Trans-Siberian Gold Plc | ||
FELDI Limited | ||
Manstone Resources Plc | ||
Cantor Fitzgerald LP | ||
Andrei Yakovlev | King & Wood Mallesons (MENA) LLP | King & Wood Mallesons LLP |
Yeartrend Property Management Ltd | ||
93 Linden Gardens Management Ltd |
Neither Stewart Dickson nor Andrei Yakovlev has a beneficial interest in the ordinary shares of the Company.