REG - EnQuest PLC - Directorate Change

EnquestAnnouncement

28/03/2024 07:15

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RNS Number : 6173I  EnQuest PLC  28 March 2024

ENQUEST PLC

28 March 2024

 

Director Changes

 

EnQuest PLC ('EnQuest') is delighted to announce the appointment of Rosalind
Kainyah MBE to the Board of Directors with effect from 30 May 2024, subject to
shareholder vote at the Company's 2024 Annual General Meeting ('AGM') on that
date. It also reconfirms, as announced on 7 December 2023, that Jonathan
Copus, Chief Financial Officer, will be recommended for election to the Board
as an Executive Director at the AGM.

 

EnQuest also announces that Liv Monica Stubholt and Rani Koya have notified
the Board of their intention to step down as Non-Executive Directors at the
Company's AGM. Liv Monica has served a full three-year term of office at
EnQuest and wishes to focus on her Norwegian portfolio, while Rani wishes to
focus on other commitments.

 

In addition, Executive Director and CEO of Veri Energy, Salman Malik, will be
stepping down from the EnQuest Board to devote his time to Veri Energy, a
wholly owned subsidiary of EnQuest. Veri Energy intends to leverage EnQuest's
capabilities to progress decarbonisation and new energy projects at scale,
including carbon capture and storage, green hydrogen, and electrification
through renewable power at the Sullom Voe Terminal, on Shetland.

 

The Board is seeking to appoint a further Non-Executive Director and will
provide an update when appropriate.

 

Rosalind Kainyah, MBE

Rosalind has over 30 years of international, legal, operational, executive and
board experience in a variety of sectors, including energy, oil and gas,
mining, infrastructure, private equity, financial services and manufacturing.
She has worked across Africa, Europe, the Americas, Asia and the South Pacific
for companies and organisations, including Linklaters, Anglo American, De
Beers, Tullow Oil plc, the United Nations Environment Programme, University of
Oxford's Environmental Change Unit and ERM.

 

Rosalind is the founder and director of Kina Advisory Limited, and also a
non-executive director of discoverIE plc, Gem Diamonds Limited and WE Soda, a
private company.

 

Rosalind will join the Remuneration Committee as Chair.

 

Rosalind said: "I'm excited to be joining the Board of EnQuest and very much
look forward to working with the Company as it continues its energy transition
journey."

 

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

"On behalf of the Board, I am thrilled to welcome Rosalind to EnQuest and look
forward to working with her over the coming years. Her experience and
expertise will, I'm sure, prove to be extremely beneficial to the Company as
it continues its journey through the energy transition.

 

I would also like to thank both Liv Monica and Rani for their contribution to
EnQuest and wish them well for the future. Both have been of huge support to
the Company during their tenures. I will continue to collaborate with Salman
as he grows Veri Energy."

 

 

This announcement is made pursuant to paragraph 9.6.11R of the Listing Rules
of the UK Listing Authority ('UKLA').

 

 

Ends

 

For further information please contact:

 

 EnQuest PLC                                           Tel: +44 (0)20 7925 4900
 Amjad Bseisu (Chief Executive Officer)
 Chris Sawyer (General Counsel and Company Secretary)
 Craig Baxter (Head of Investor Relations)

 Teneo                                                 Tel: +44 (0)20 7353 4200
 Martin Robinson
 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 the London Stock Exchange.

Please visit our website www.enquest.com (https://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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