REG - Europa Oil & Gas - Board Changes

Europa Oil & Gas (Holdings)Announcement

12/12/2024 07:00

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RNS Number : 7478P  Europa Oil & Gas (Holdings) PLC  12 December 2024

12 December 2024

Europa Oil & Gas (Holdings) plc

("Europa" or the "Company")

 

Board Changes

 

Europa Oil & Gas (Holdings) plc, the AIM quoted UK, Ireland and West
Africa focused oil and gas exploration, development and production company, is
pleased to announce the appointment of Bo Krøll to the board of the Company
as a non-executive director with immediate effect. Mr Krøll is a proven
entrepreneur and successful businessman who has been a long-term shareholder
in Europa with a current holding of 6.04% of the issued share capital of the
Company. The Europa board believes that the management of the Company would
benefit from increased representation of the shareholders on the board and as
a result has invited Mr Krøll to join the board.

 

Mr Krøll is an entrepreneur who has founded and successfully built multiple
companies during his career. He is currently Chairman and CEO of SeeReal
Technologies, a leading engineering and design house within the field of
Holographic 3D Displays which has built a Holographic Display Patent Portfolio
comprising almost 600 patents and patent applications and is one of the
largest holographic display portfolios in the world. Prior to this, he held
board level roles at several data management companies, notably: he was CEO of
Boersinformation Telecom A/S where he doubled turnover, made the business
profitable and then sold; and, he founded IFX Group Plc, which provided
financial information services on mobile terminals, and after eight years of
rapid growth he successfully sold the business.

 

Mr Krøll holds a Baccalaureate from Holte Gymnasium and a Master of Science
from the Technical University of Denmark.

 

In order to maintain a majority of independent non-executive directors on the
Europa board of directors, Alastair Stuart will stand down from the board with
immediate effect but will continue as Chief Operating Officer.

 

Brian O'Cathain, Chairman of Europa, said:

 

"We are delighted that Bo has agreed to join the Europa board. He is a proven
entrepreneur with extensive experience in building businesses and will bring
deep commercial and strategic expertise to the board. He understands the oil
and gas sector well, having started his career as a geophysical engineer at
Schlumberger before moving into the telecommunications and data management
business. As one of our largest shareholders, he will provide a valuable
shareholder perspective as we continue to grow the business."

 

AIM Rules for Companies, Schedule 2(g) Disclosures

 

As required by Schedule 2(g) of the AIM Rules for Companies, the Company
confirms that Bo Peter Høegh Krøll, aged 67, currently holds or has held
the following directorships and partnerships in the last five years:

 

 Current directorships and partnerships  Past directorships and partnerships
 SeeReal Technologies S.A.               None
 i2i Holding S.A.

 

Mr Krøll was a director of F. B. Krøll Ingeniørfirma A/S, a private, family
engineering business in Denmark owned by his father, at the time of the
company going into receivership on 2 March 1990. Mr Krøll was also a director
of Intervest A/S, Intervest Holding A/S and Erhvervsselskabet AF 16/7 1985
ApS. The sole purpose of these companies was to hold Mr Krøll's interest in
F. B. Krøll Ingeniørfirma A/S. All three companies entered insolvent
compulsory dissolutions, following the receivership of F. B. Krøll
Ingeniørfirma A/S. Intervest A/S and Intervest Holding A/S entered compulsory
dissolution on 8 August 1990, and Erhvervsselskabet AF 16/7 1985 ApS entered
compulsory dissolution on 30 July 1990.

 

Mr Krøll was a director of 27/4 1992 A/S (formerly named AXXESS A/S; Telecom
A/S; and Børsinformation Telecom A/S) within twelve months of the company
going into receivership on 06 August 1992. Mr Krøll was also a director of
Polysat A/S, a wholly owned subsidiary of 27/4 1992 A/S, within twelve months
of that company entering commencing an insolvent compulsory dissolution. Mr
Krøll's directorships in these entities ceased following his sale of his
shares 27/4 1992 A/S to the majority partner and the entities subsequently
became insolvent.

 

Bo Krøll currently holds 57,951,502 Ordinary Shares in the Company,
representing 6.04% of the current issued share capital.

 

There is no further information required to be disclosed in respect of the
above appointments pursuant to Rule 17 or Schedule 2 (g) of the AIM Rules for
Companies.

 

* * ENDS * *

 

For further information, please visit www.europaoil.com
(http://www.europaoil.com/)  or contact:

 

 William Holland                                                 Europa Oil & Gas (Holdings) plc            mail@europaoil.com

 Samantha Harrison / Ciara Donnelly / Elliot Peters              Grant Thornton UK LLP - Nominated Adviser  +44 (0) 20 7383 5100

 Peter Krens                                                     Tennyson Securities                        +44 (0) 20 7186 9033

 Patrick d'Ancona / Finlay Thomson / Kendall Hill / Anna Stacey  Vigo Consulting                            +44 (0) 20 7390 0230

 

 

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