REG - EnQuest PLC - Director Change

EnquestAnnouncement

18/12/2023 16:00

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RNS Number : 1955X  EnQuest PLC  18 December 2023

EnQuest PLC 18 December 2023

 

Directorate Change

 

EnQuest PLC ('EnQuest' or the 'Company') announces that Karina Litvack,
Non-Executive Director, has informed the Board of her intention to resign as
Non-Executive Director of the Company with immediate effect, due to an
unexpected conflict arising through the EU Unbundling Directive which
prohibits any director of a European power transmission company from also
serving on the board of an upstream operator. Ms. Litvack is a director of
Terna S.p.A, an Italian company.

 

As part of its ongoing Board renewal process, the EnQuest PLC Board will seek
to allocate the positions of Senior Independent Director and Chair of
Remuneration and Social Responsibility Committee, which are today vacated by
Ms. Litvack.

 

Commenting on today's announcement, Gareth Penny, Chairman, said:

"On behalf of the Board, I would like to thank Karina for her contribution to
EnQuest, which has been meaningful over the period she has been with us.
Karina has brought a passion to her role as a Director and her commitment to
delivering a just energy transition is something that the Board and I will
seek to emulate going forward."

 

This announcement is made pursuant to paragraph 9.6.13R of the Listing Rules
of the UK Listing Authority ('UKLA'). There are no other disclosures to be
made pursuant to the paragraph 9.6.13R (1)-(6) of the Listing Rules.

 

Ends

 

For further information please contact:

 

 EnQuest PLC                                Tel: +44 (0)20 7925 4900
 Amjad Bseisu (Chief Executive Officer)
 Salman Malik (Chief Financial Officer)
 Craig Baxter (Head of Investor Relations)

 Teneo                                      Tel: +44 (0)20 7353 4200
 Martin Robinson
 Martin Pengelley
 Harry Cameron

 

Notes to editors

 ENQUEST

EnQuest is providing creative solutions through the energy transition. As an
independent energy company with operations in the UK North Sea and Malaysia,
the Group's strategic vision is to be the partner of choice for the
responsible management of existing energy assets, applying its core
capabilities to create value through the transition.

EnQuest PLC trades on both the London Stock Exchange and the NASDAQ OMX
Stockholm.

Please visit our website www.enquest.com (http://www.enquest.com)  for more
information on our global operations.

Forward-looking statements: This announcement may contain certain
forward-looking statements with respect to EnQuest's expectations and plans,
strategy, management's objectives, future performance, production, reserves,
costs, revenues and other trend information. These statements and forecasts
involve risk and uncertainty because they relate to events and depend upon
circumstances that may occur in the future. There are a number of factors
which could cause actual results or developments to differ materially from
those expressed or implied by these forward-looking statements and forecasts.
The statements have been made with reference to forecast price changes,
economic conditions and the current regulatory environment. Nothing in this
announcement should be construed as a profit forecast. Past share performance
cannot be relied upon as a guide to future performance.

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