REG - Jadestone Energy PLC - Appointment of Non-Executive Director

Jadestone EnergyAnnouncement

18/10/2023 07:00

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RNS Number : 2756Q  Jadestone Energy PLC  18 October 2023

 

Appointment of Gunter Waldner as a Non-Executive director of Jadestone Energy
plc

 

18 October 2023 - Singapore: Jadestone Energy plc ("Jadestone" or the
"Company"), an independent oil and gas production company focused on the
Asia-Pacific region, announces the appointment of Gunter Waldner as a
non-executive director of the Company with immediate effect. Mr Waldner was
nominated as a non-executive director by the Company's largest shareholder,
Tyrus Capital S.A.M. and funds managed by it ("Tyrus"), pursuant to the
relationship agreement entered into by the Company and Tyrus in November 2018.
  Mr Waldner will stand for election at the Company's 2024 Annual General
Meeting.

 

Gunter Waldner, an Austrian national, has over 25 years of corporate finance
and investment management experience.  Mr Waldner is currently Head of
Private Equity and Co-Chief Investment Officer of Tyrus Capital S.A.M. having
joined the firm in 2012.  Prior to Tyrus Capital, Mr Waldner spent five years
in senior positions at AlpInvest Partners, where he was responsible, amongst
others, for deal sourcing, structuring and execution of secondary private
equity transactions and portfolio management.

 

Mr Waldner's previous experience includes 10 years in investment banking at
Lehman Brothers, advising corporates on M&A transactions and capital
market activities. Mr Waldner holds a Master's degree in Business
Administration and Economics from the Vienna University of Economics and
Business Administration.

 

Dennis McShane, Chair of Jadestone commented:

 

"On behalf of Jadestone, I welcome Gunter to the Board. His significant
corporate finance and investment experience, as well as familiarity with
strategy and M&A execution, will be important and complementary additions
to our director skillset.

 

Following Gunter's appointment, we will continue with the previously announced
Board restructuring as we recognise the importance of maintaining
independence, while balancing the need to manage the size of the Board and
strengthening capability and experience to support the growth of the
business.  We look forward to updating our shareholders on this process in
due course."

 

Regulatory disclosures

 

The following information is disclosed under Rule 17 and Schedule Two,
paragraph (g), of the AIM Rules for Companies:

 

Gunter Waldner (aged 51)

 

Mr Waldner does not directly hold any ordinary shares nor options over
ordinary shares in the Company.  Mr Waldner indirectly holds securities in
the Company through personal investments in entities for which Tyrus Capital
S.A.M. acts as a discretionary asset manager.

 

Mr Waldner is currently Director, Co-Chief Investment Officer and Head of
Private Equity at Tyrus Capital S.A.M., where he has worked since 2012.  Mr
Waldner is also a director of New Lake 42 B.V.

 

There is no further information which is required to be disclosed under
Schedule Two, paragraph (g),

of the AIM Rules for Companies in respect of Gunter Waldner.

 

-ends-

 

For further information, please contact:

 

 Jadestone Energy plc
 Paul Blakeley, President and CEO                      +65 6324 0359 (Singapore)
 Bert-Jaap Dijkstra, CFO

 Phil Corbett, Investor Relations Manager              +44 (0) 7713 687467 (UK)
                                                       ir@jadestone-energy.com (mailto:ir@jadestone-energy.com)

 Stifel Nicolaus Europe Limited (Nomad, Joint Broker)  +44 (0) 20 7710 7600 (UK)
 Callum Stewart
 Jason Grossman
 Ashton Clanfield

 Jefferies International Limited (Joint Broker)        +44 (0) 20 7029 8000 (UK)
 Will Soutar
 Cameron Jones

 Camarco (Public Relations Advisor)                    +44 (0) 203 757 4980 (UK)
 Billy Clegg                                           jse@camarco.co.uk (mailto:jse@camarco.co.uk)
 Andrew Turner

 Elfie Kent

 

About Jadestone Energy

Jadestone Energy plc is an independent oil and gas company focused on the
Asia-Pacific region.  It has a balanced and increasingly diversified
portfolio of production and development assets in Australia, Malaysia,
Indonesia, Thailand and Vietnam, all stable jurisdictions with a positive
upstream investment climate.

 

Led by an experienced management team with a track record of delivery, who
were core to the successful growth of Talisman Energy's business in
Asia-Pacific, the Company is pursuing a strategy to grow and diversify the
Company's production base both organically, through developments such at
Akatara in Indonesia and Nam Du/U Minh in Vietnam, as well as through
acquisitions that fit within Jadestone's financial framework and play to the
Company's strengths in managing maturing oil assets. Jadestone delivers value
in its acquisition strategy by enhancing returns through operating
efficiencies, cost reductions and increased production through further
investment.

 

Jadestone is a responsible operator and well positioned for the energy
transition through its increasing gas production, by maximising recovery from
existing brownfield developments and through its Net Zero pledge on Scope 1
& 2 GHG emissions from operated assets by 2040. This strategy is aligned
with the IEA Net Zero by 2050 scenario, which stresses the necessity of
continued investment in existing upstream assets to avoid an energy crisis and
meet demand for oil and gas through the energy transition.

 

Jadestone Energy plc (LEI: 21380076GWJ8XDYKVQ37) is listed on the AIM market
of the London Stock Exchange (AIM: JSE).  The Company is headquartered in
Singapore.  For further information on the Company please visit
www.jadestone-energy.com (http://www.jadestone-energy.com) .

 

The information contained within this announcement is considered to be inside
information prior to its release, as defined in Article 7 of the Market Abuse
Regulation No. 596/2014 which is part of UK law by virtue of the European
Union (Withdrawal) Act 2018.

 

 

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