REG - Nostrum Oil & Gas - Appointment of a NED and Board Committee Changes

Nostrum Oil & GasAnnouncement

24/10/2025 07:00

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RNS Number : 6560E  Nostrum Oil & Gas PLC  24 October 2025

 

 

 

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FOR IMMEDIATE RELEASE

 

London, 24 October 2025

 

Appointment of a Non-Executive Director and Board Committee Changes

Nostrum Oil & Gas PLC (LSE: NOG) ("Nostrum" or the "Company"), an
independent mixed-asset energy company with world-class gas processing
facilities and export hub in north-west Kazakhstan, announces the appointment
of James Hart to the Board of Directors as an independent non-executive
director, effective 23 October 2025. Mr Hart has also been appointed on such
date to the audit committee and as chairman of the remuneration committee of
the Board.

Mr Hart is a special situations and dispute resolution professional. For
nearly 10 years he has managed Hillmont Partners, the international law firm
he founded, which focuses on matters in Eastern Europe and Eurasia. He jointly
oversees the firm's International Dispute Resolution & Restructuring
practices. Mr Hart holds a BA from Durham University and an MBA from London
Business School.

The Company also announces that Nikolay Ivin has been appointed as chairman,
and Viktor Gladun has been appointed as a member, of the strategy committee of
the Board.  Martin Gudgeon remains a member of the strategy committee.

These changes to the Board and its committees have received relevant consent
in accordance with the requirements of the warrant instrument constituting the
Company's share warrants dated 9 February 2023. The Company proposes to
re-constitute the composition of other Board committees so as to comply with
the relevant provisions of the warrant instrument on Board committee
composition and further announcements in that regard will be made when
appropriate.

Nikolay Ivin, Chairman of the Board, said:

"I would like to welcome James to the Board. I believe his experience and
skillset will be invaluable to the Company."

 

LEI: 2138007VWEP4MM3J8B29

 

Further information

For further information please visit www.nostrumoilandgas.com
(http://www.nostrumoilandgas.com)

 

Further enquiries

Nostrum Oil & Gas PLC
 

Yelena Zhuravleva, CFO

ir@nog.co.uk (mailto:ir@nog.co.uk)
 
 

 

Instinctif Partners -
UK
 

Galyna Kulachek

+ 44 (0) 207 457 2020

nostrum@instinctif.com (mailto:nostrum@instinctif.com)

 

Notifying person

Thomas Hartnett

Company Secretary

 

About Nostrum Oil & Gas

Nostrum Oil & Gas PLC is an independent mixed-asset energy company with
world-class gas processing facilities and export hub in north-west Kazakhstan.
Its shares are listed on the London Stock Exchange (ticker symbol: NOG). The
principal producing asset of Nostrum Oil & Gas PLC is the Chinarevskoye
field which is operated by its wholly-owned subsidiary Zhaikmunai LLP, which
is the sole holder of the subsoil use rights with respect to the development
of the Chinarevskoye field. The Company also owns an 80% interest in Positiv
Invest LLP, which holds the subsoil use rights for the "Kamenskoe" and
"Kamensko-Teplovsko-Tokarevskoe" areas in the West Kazakhstan region (the
Stepnoy Leopard fields).

 

Forward-Looking Statements

Some of the statements in this document are forward-looking. Forward-looking
statements include statements regarding the intent, belief and current
expectations of the Company or its officers with respect to various matters.
When used in this document, the words "expects", "believes", "anticipates",
"plans", "may", "will", "should" and similar expressions, and the negatives
thereof, are intended to identify forward-looking statements. Such statements
are not promises nor guarantees and are subject to risks and uncertainties
that could cause actual outcomes to differ materially from those suggested by
any such statements.

 

No part of this announcement constitutes, or shall be taken to constitute, an
invitation or inducement to invest in the Company or any other entity, and
shareholders of the Company are cautioned not to place undue reliance on the
forward-looking statements. Save as required by the relevant listing rules and
applicable law, the Company does not undertake to update or change any
forward-looking statements to reflect events occurring after the date of this
announcement.

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