REG - Afentra PLC - Board and Audit Chair Appointment

AfentraAnnouncement

10/11/2025 07:00

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RNS Number : 8396G  Afentra PLC  10 November 2025

10(th) November 2025

 

AFENTRA PLC

 

Board and Audit Chair Appointment

 

Afentra plc ('Afentra' or the 'Company') (AIM: AET), the upstream oil and gas
company focused on acquiring production and development assets in Africa, is
pleased to announce the appointment of Andrew Osborne as Independent
Non-Executive Director and Chair of the Audit Committee, with effect from
10(th) November 2025. On his appointment Andrew Osborne will also become a
member of the Company's Nominations Committee and Remuneration Committee.
Thierry Tanoh, Chairman of the Board, will step down from his interim Audit
Committee Chair responsibilities upon Andrew's appointment.

 

Andrew Osborne brings more than 30 years' board-level and senior leadership
experience across oil & gas, capital markets and M&A. He was most
recently EVP, Special Projects at Harbour Energy plc (2021-2024) and
previously Chief Financial Officer at Chrysaor (2012-2021), where he led major
financings and acquisitions, including transactions with Shell and
ConocoPhillips, and was part of the executive team during the merger that
created Harbour Energy. Earlier in his career he was a Managing Director at
Merrill Lynch.

 

Thierry Tanoh, Chairman, commented:

"On behalf of the Board, I am delighted to welcome Andrew to Afentra. His deep
financial, transaction and governance experience in the energy sector will
bring valuable perspective to the Board and enhance the effectiveness of the
Audit Committee. Andrew's appointment further strengthens our governance
framework as Afentra continues to build its position as a responsible,
well-governed and financially disciplined independent producer."

 

Andrew Osborne, Audit Chair, commented:

"I'm pleased to be joining Afentra at this exciting stage in its growth. The
Company's disciplined approach to capital management and its strategic focus
on value-accretive opportunities in Africa align well with my experience and
interests. I look forward to working with the Board and management team to
support Afentra's continued progress and ensure robust financial oversight as
the business evolves."

 

Board and Board Committee Chairs

Following the appointment of Andrew Osborne as Independent Non-Executive
Director of Afentra, the Board and Board Committee Chairs will be as follows:

 

 Role                                 Name
 Chairman                             Thierry Tanoh (Nominations Committee Chair)
 Executive Directors                  Paul McDade (Chief Executive Officer)

                                      Anastasia Deulina (Chief Financial Officer)

                                      Ian Cloke (Chief Operating Officer)
 Independent Non-Executive Directors  Gavin Wilson (Remuneration Committee Chair)

                                      Andrew Osborne (Audit Committee Chair)

 

 

For further information contact:

Afentra plc +44 (0)20 7405 4133

Paul McDade, CEO

Anastasia Deulina, CFO

Christine Wootliff, Investor Relations

 

Burson Buchanan (Financial PR) +44 (0)20 7466 5000

Ben Romney

Barry Archer

George Pope

 

Stifel Nicolaus Europe Limited (Nominated Adviser and Joint Broker) +44 (0) 20
7710 7600

Callum Stewart

Simon Mensley

Ashton Clanfield

 

Tennyson Securities (Joint Broker) +44 (0)20 7186 9033

Peter Krens

 

 

 

Regulatory Disclosures

In accordance with AIM Rule 17 and Schedule Two (g) of the AIM Rules for
Companies, the following information is disclosed regarding Andrew Jon
Osborne, aged 55:

-       Current directorships/partnerships: Acorn Investment Management
and Kalahari Copper Limited (BVI)

-       Directorships/partnerships held within the last five years:

 

 Chrysaor Resources Irish Sea) Limited  Chrysaor (U.K.) Theta Limited              Chrysaor (U.K.) Alpha Limited            Chrysaor CNS Limited
 Chrysaor Developments Limited          Chrysaor E&P Limited                       Chrysaor Holdings Limited                Chrysaor Limited
 Chrysaor North Sea Limited             Chrysaor Production (U.K.) Limited         Chrysaor Petroleum Company U.K. Limited  Chrysaor Petroleum Limited
 Chrysaor Production Holdings Limited   Chrysaor (U.K.) Beta Limited               Chrysaor (U.K.) Britannia Limited        Chrysaor (U.K.) Lambda Limited
 Chrysaor (U.K.) Sigma Limited          Chrysaor Investments Limited               Chrysaor (U.K.) Eta Limited              Chrysaor (U.K.) Delta Limited
 Chrysaor Supply & Trading Limited      Chrysaor Production Limited                Chrysaor Production Oil (GB) Limited     Chrysaor Resources (U.K.) Holdings Limited
 Chrysaor (U.K.) Zeta Limited           Chrysaor Petroleum Chemicals U.K. Limited  Viking CCS Limited                       Harbour Energy Finance Limited
 Harbour Energy Services Limited        Harbour Energy Marketing Limited           Harbour Energy Developments Limited      Harbour Energy Norge AS

 

-       On 15 February 2012 the UK Financial Services Authority
announced it had imposed a financial penalty on Mr. Osborne
https://www.fca.org.uk/publication/final-notices/andrew_osborne.pdf
(https://url.uk.m.mimecastprotect.com/s/7WbrCBBkxu7NkNczf3u263c0) .

 

The Company confirms that there is no other information to be disclosed under
the requirements of Schedule Two (g) of the AIM Rules for Companies.

 

About Afentra

Afentra plc (AIM: AET) is an upstream oil and gas company focused on
opportunities in Africa. The Company's purpose is to support a responsible
energy transition in Africa by establishing itself as a credible partner for
divesting IOCs and host governments. Offshore Angola, in the Lower Congo
Basin, Afentra holds a 30% non-operated interest in the producing Block 3/05,
a 21.33% non-operated interest in Block 3/05A, and a 40% operated interest in
Block 3/24 - both Blocks 3/05A and 3/24 are located adjacent to Block 3/05.
Onshore Angola, in the western part of the onshore Kwanza Basin, Afentra holds
45% non-operated interests in the prospective Blocks KON15 and KON19. Afentra
also holds a 40% non-operated interest in the offshore exploration Block 23 in
the Kwanza Basin, and a 34% carried interest in the Odewayne Block, onshore in
south-western Somaliland.

 

Inside Information

This announcement contains inside information for the purposes of article 7 of
Regulation 2014/596/EU (which forms part of domestic UK law pursuant to the
European Union (Withdrawal) Act 2018) and as subsequently amended by the
Financial Services Act 2021 ('UK MAR'). Upon publication of this announcement,
this inside information (as defined in UK MAR) is now considered to be in the
public domain. For the purposes of UK MAR, the person responsible for
arranging for the release of this announcement on behalf of Afentra is Paul
McDade, Chief Executive Officer.

 

 

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