Board Changes and Director Appointment
05/12/2024 11:22
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RNS Number : 9994O Global Petroleum Ltd 05 December 2024
5 December 2024
Global Petroleum Limited
("Global" or "the Company")
Board Changes and Director Appointment
The Company is pleased to announce the appointments of Brian Chu to the
Company's board of directors ("Board") as Non-Executive Director and Company
Secretary. Andrew Draffin has retired from board effective immediately in his
role as Non-Executive Director to focus on his financial services business and
will remain as Co-Company Secretary for a transition period of three months
until March 5, 2025, thereafter Brian Chu will be sole Company Secretary.
The Company would like to thank Andrew for his contribution during his tenure
and wishes him well for the future.
Brian Chu - Non-Executive Director
Brian brings a wealth of experience in finance, investment analysis, and
academic leadership. He is the Founding Director of the Australian Gold Fund,
focusing on research and investment in ASX and NYSE-listed gold mining
companies. Additionally, Brian is the Precious Metals Editor at Fat Tail
Investment Research, where he analyses gold markets and mining companies,
producing investment reports and hosting industry discussions.
Brian began his career in actuarial consulting and progressed to roles in
academia, including serving as an Adjunct Assistant Professor in Finance and
Financial Modelling at SP Jain College of Global Management. He has also
contributed to the development of university-level finance and actuarial
courses in Australia.
Brian holds a Master of Commerce (Actuarial Studies), a Bachelor of Applied
Finance, and a Bachelor of Commerce (Actuarial Studies) from Macquarie
University. He was an Associate of the Institute of Actuaries of Australia
from 2006 to 2021.
Additional disclosures
Brian Cho has agreed to receive 20% of his remuneration in shares each
quarter, with the number of shares to be issued determined based on the
preceding 5 day VWAP.
The following details in relation to the appointments are disclosed in
accordance with Schedule 2(g) of the AIM Rules:
Brian Chu (aged 42)
The names of all companies and partnerships of which Brian Chu is, or has been
a director or partner at any time in the previous five years, are set out
below:
Current directorships or partnerships Previous directorships or partnerships (in the last five years)
B & C Chu Holdings Pty Ltd
B & C CHU Wealth Holdings Pty Ltd
The Trustee of The Australian Gold Fund Trust
For further information, please visit http://www.globalpetroleum.com.au/
(http://www.globalpetroleum.com.au/) or contact:
Global Petroleum Limited info@glo-pet.com
Brian Chu, Company Secretary and Non-Executive Director
SPARK Advisory Partners Limited (Nominated Adviser) +44 (0) 20 3368 3555
Andrew Emmott
CMC Markets (Broker) +44 (0) 20 7170 8200
Tom Curran/Thomas Smith
SI Capital Limited +44 (0) 148 341 3500
Nick Emerson/Nick Briers
Tavistock (Financial PR & IR) +44 (0) 20 7920 3150
Simon Hudson / Nick Elwes
This announcement has been issued by and is the sole responsibility of the
Company.
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