REG - Enwell Energy PLC - Board Changes

Enwell EnergyAnnouncement

25/10/2024 07:00

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RNS Number : 5668J  Enwell Energy PLC  25 October 2024

25 October 2024

 

Enwell Energy plc
("Enwell" or the "Company")

 

Board Changes

 

Enwell Energy plc (AIM: ENW), the AIM-quoted oil and gas exploration and
production group, announces certain changes to its Board of Directors.

 

Ms Yuliia Kirianova has stepped down as a Non-Executive Director of the
Company with immediate effect.

 

Also with immediate effect, Mr Oleksiy Zayets has been appointed as a Director
of the Company and he remains Interim Chief Executive Officer. Mr Zayets joins
the Board as an appointee of the Company's majority shareholder, Smart Energy
(CY) Limited.

 

Mr Zayets joined the Company in September 2018, was appointed as Chief
Financial Officer of the Company's Ukrainian operations in June 2019 and
became Interim Chief Executive Officer in March 2024. Mr Zayets is an
experienced financial management executive, having previously held senior
financial management roles within the DTEK Holdings Group, including as Chief
Financial Officer of a gas production company and a heat and power generation
company. He is a Certified Accounting Practitioner, and has a BA Heat and
Power Engineering from the Donetsk National Technical University (Ukraine), a
Master of Management Diploma from the Donetsk State Academy of Management
(Ukraine) and an MBA from the National University of Kyiv-Mohyla Business
School (Ukraine).

 

The Company wishes to extend its appreciation to Yuliia Kirianova for her
contribution during her tenure with the Company, and to welcome Oleksiy Zayets
to the Board.

 

Additional information on Mr Zayets:

 

Oleksiy Zayets, aged 43, is currently a director, partner or principal of the
following entities:

 

Regal Petroleum Corporation Limited

Well Investum LLC

Smart Energy LLC

 

He has not formerly been a director, partner or principal of any other
entities within the last five years.

 

There is no other information that is required to be disclosed pursuant to
paragraph (g) of Schedule Two to the AIM Rules for Companies.

 

For further information, please contact:

 

 Enwell Energy plc                              Tel: 020 3427 3550
 Chuck Valceschini, Chairman
 Olekisy Zayets, Interim CEO
 Bruce Burrows, Finance Director

 Strand Hanson Limited                          Tel: 020 7409 3494
 Rory Murphy / Matthew Chandler

 Zeus Capital Limited                           Tel: 020 7614 5900
 Alexandra Campbell-Harris (Corporate Finance)
 Simon Johnson (Corporate Broking)

 Citigate Dewe Rogerson                         Tel: 020 7638 9571
 Ellen Wilton / Alex Winch

 

 

This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014, which 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.

 

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