REG - Corcel PLC - Board Changes

CorcelAnnouncement

19/07/2023 13:15

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RNS Number : 5461G  Corcel PLC  19 July 2023

Corcel PLC

("Corcel" or the "Company")

 

BOARD CHANGES

19 July 2023

Corcel Plc (London AIM: CRCL), the pan Angolan / Brazilian Oil and Gas
company, with interests across battery metals mining and oil and gas,
announces that having delivered the initial phase of Corcel's recent pivot,
including the acquisition of Angola and signature bonus funding, and as part
of the previously announced planned transition of the Company, Mr Parsons has
decided to step down as director and Chief Executive Officer of the Company.
James will continue to work with the Company in an advisory capacity during
his notice period. The Company will review its board composition and in the
meantime, Antoine Karam has assumed the role of Interim Executive Chair of the
Company.

Corcel's Interim Executive Chair, Antoine Karam, commented:

I would like to thank James for his contribution in delivering the next phase
in Corcel's journey and I look forward to continuing to work with him over the
coming months as he provides support to the Board in delivering the Angola
strategy.

 

For further information, please contact:

Antoine
Karam
Corcel Plc Interim Executive Chair

020 7747 9960
 
 

James Joyce / James Bavister /Andrew de Andrade
                       WH Ireland Ltd NOMAD & Broker

0207 220 1666
 
 

Patrick d'Ancona
 
Vigo Communications IR

0207 3900
230

 

 

 

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