REG - Eco (Atlantic) O&G - Result of AGM

Eco (Atlantic) Oil & GasAnnouncement

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RNS Number : 5386Y  Eco (Atlantic) Oil and Gas Ltd.  30 March 2026

 

 

30 March 2026

 

ECO (ATLANTIC) OIL & GAS LTD.

("Eco," "Eco Atlantic," "Company," or together with its subsidiaries, the
"Group")

 

Result of AGM

 

Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX ‐ V: EOG), the oil and
gas exploration company focused on the offshore Atlantic Margins, announces
that all resolutions were duly passed by shareholders with substantial
majority support at the Company's Annual General Meeting held on 27 March 2026
in Toronto, Canada (the "Meeting").

 

Following the Meeting, the previously indicated board changes have now taken
place, and the board of directors has appointed Keith Hill as Non-Executive
Chairman, succeeding Peter Nicol, effective March 30, 2026. Peter Nicol will
remain as a Non-Executive Director.

 

The Company's omnibus incentive plan (the "Omnibus Incentive Plan") was
approved by shareholders at the Meeting in accordance with TSX Venture
Exchange Policy 4.4. The Omnibus Incentive Plan is a 10% rolling
security-based compensation plan and remains subject to final acceptance of
the TSX Venture Exchange.

 

Gil Holzman, President and Chief Executive Officer of Eco Atlantic, commented:

 

"On behalf of the Board and everyone at Eco, I thank Peter Nicol for his
leadership and dedication as Non- Executive Chairman since December 2022.
Peter has provided invaluable guidance helping to steer the board of directors
through a period of significant change across both the business and the wider
industry.

His experience and steady counsel have been instrumental as the company
navigated complex challenges, including key personnel transitions and
transformational transactions.

Peter will remain as a Non-Executive Director, and we look forward to
continuing to benefit from his insight and experience. The Company is in an
excellent position with strong foundations for future growth. We welcome Keith
Hill as non-executive chair during this pivotal phase of transformational
portfolio developments. Keith brings a strong and long industry experience,
global network, and proven leadership, and we look forward to advancing our
strategic goals focusing on growth, execution and high impact exploration and
development with his support benefiting from his expertise as we advance our
strategic priorities."

Following the changes the Board now comprises of the following:

Keith Hill - Non-Executive Chairman

Gil Holzman - President & Chief Executive Officer

Peter Nicol - Non-Executive Director

Emily Ferguson - Non-Executive Director

Alan Friedman - Non-Executive Director

ENDS

 

For more information, please visit www.ecooilandgas.com or contact the
following.

 

 Eco Atlantic Oil and Gas                                         c/o Celicourt +44 (0) 20 7770 6424
 Gil Holzman, President & Chief Executive Officer

 Alice Carroll, VP Business Development & Corporate Affairs
 Strand Hanson (Financial & Nominated Adviser)                     +44 (0) 20 7409 3494
 James Harris, James Bellman, Edward Foulkes
 Canaccord Genuity (Joint Broker)                                 +44 (0) 20 7523 8000
 Henry Fitzgerald-O'Connor, Charlie Hammond
 Berenberg (Joint Broker)                                         +44 (0) 20 3207 7800
 Matthew Armitt
 Celicourt (PR)                                                   +44 (0) 20 7770 6424
 Mark Antelme, Charles Denley-Myerson

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended by virtue of the Market
Abuse (Amendment) (EU Exit) Regulations 2019.

 

 

About Eco Atlantic:

 

Eco Atlantic is a TSX-V and AIM-quoted Atlantic Margin-focused oil and gas
exploration company with offshore licence interests in Guyana, Namibia, and
South Africa. Eco aims to deliver material value for its stakeholders through
its role in the energy transition to explore for low carbon intensity oil and
gas in stable emerging markets close to infrastructure.

 

In Offshore Guyana, in the proven Guyana-Suriname Basin, the Company operates
a 100% Working Interest in the 1,354 km(2) Orinduik Block. In Namibia, the
Company holds Operatorship and an 85% Working Interest in three offshore
Petroleum Licences: PELs: 97, 99, and 100, representing a combined area of
22,893 km(2) in the Walvis Basin. In Offshore South Africa, Eco holds a 5.25%
Working Interest in Block 3B/4B and a 75% Operated Interest in Block 1 CBK, in
the Orange Basin, totalling approximately 37,510km(2).

 

 

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