REG-Genel Energy PLC Genel Energy PLC: Directorate change

Genel EnergyAnnouncement

02/04/2024 07:15

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   Genel Energy PLC (GENL)
   Genel Energy PLC: Directorate change

   02-Apr-2024 / 07:00 GMT/BST

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   2 April 2024

    

     

                                Genel Energy plc

     

                               Directorate change

     

   Genel Energy plc  ('Genel' or  'the Company') announces  that Sir  Michael
   Fallon has indicated his  intention to retire from  the Board of Genel  at
   the AGM in May 2024. 

    

   Sir  Michael  Fallon  has  served  more  than  four  years  at  Genel   as
   Non-Executive Director, Deputy Chair,  Senior Independent Director,  Chair
   of the International Relations Committee, and a member of the Remuneration
   Committee and the Nomination Committee.

    

   The Board recognises that following  the retirement of Sir Michael  Fallon
   from the Board of Directors, under the UK Corporate Governance Code,  only
   half of the Board excluding the Chair is considered independent. The Board
   intends to appoint  a new  Independent Non-Executive Director  as soon  as
   practically possible.

    

   David McManus, Chair of Genel Energy, said:

    

   “Sir Michael has been a long-standing member of the Board, and it has been
   a pleasure to work with him and benefit from his exceptional  geopolitical
   knowledge and experience. On behalf of the Board, we wish him all the best
   with his other commitments.”

    

                                     -ends-

    

   For further information please contact:

    

   Genel Energy
                                         +44 20 7659 5100
   Andrew Benbow, Head of Communications
                                          
   Vigo Consulting
                                         +44 20 7390 0230
   Patrick d’Ancona 

    

    

   Notes to editors:

    

   Genel Energy is  a socially responsible  oil producer listed  on the  main
   market   of    the    London    Stock   Exchange    (LSE:    GENL,    LEI:
   549300IVCJDWC3LR8F94). Genel has low-cost  and low-carbon production  from
   the Kurdistan Region of Iraq, and  continues to seek opportunities to  add
   new resilient and  cash-generative assets  to its  portfolio. For  further
   information, please refer to www.genelenergy.com

    

    

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:          JE00B55Q3P39, NO0010894330
   Category Code: BOA
   TIDM:          GENL
   LEI Code:      549300IVCJDWC3LR8F94
   Sequence No.:  312910
   EQS News ID:   1870945


    
   End of Announcement EQS News Service

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