REG - Nostrum Oil & Gas - Appointment of CEO and a Non-Executive Director

Nostrum Oil & GasAnnouncement

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RNS Number : 1914R  Nostrum Oil & Gas PLC  15 July 2025

 

 

 

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FOR IMMEDIATE RELEASE

 

London, 15 July 2025

Appointment of CEO and a Non-Executive Director

Further to the announcement made on 30 June 2025, 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 that Viktor Gladun has been appointed as Chief
Executive Officer of the Company, effective 15 July 2025. Mr Gladun will
remain as a director of the Company.

The Company also announces the appointment of Nikolay Ivin to the Board of
Directors as a Non-Executive Director, effective 15 July 2025.

Mr Gladun is an executive with extensive experience in the energy sector.
Viktor was the CEO and executive director on the board of directors of JKX Oil
and Gas plc, a UK-headquartered hydrocarbon exploration company. Prior to that
he held executive financial roles at DTEK vertically integrated energy group,
NIKO/Mitsubishi Motor in Ukraine, a senior auditor position at TNK-BP.

Mr Ivin has broad expertise in corporate finance and management and is the
Managing Partner of Ziff-Ivin Associates Ltd, a corporate finance advisory and
management consulting services firm. Mr Ivin's prior professional experience
includes roles at Houlihan Lokey (Europe), Citigroup EMEA and GE Capital
(USA). Since 2021, Mr Ivin has also been serving as an independent
supervisory board member of DTEK Energy B.V., a vertically integrated coal
mining and power generating group in Ukraine.

The changes to the Board have received relevant consent in accordance with the
requirements of the warrant instrument constituting the share warrants dated 9
February 2023 such that no right to exercise the warrants shall arise
following these changes to the Board. The Company proposes to re-constitute
the composition of the relevant committees of the Board following additional
appointments of directors (so as to comply with the relevant provisions of the
warrant instrument).

Stephen Whyte, Chairman of the Board said:

"I would like to welcome Nick to the Board and to congratulate Viktor on his
appointment as CEO as the Company begins realising value from projects already
put in place, whilst taking into account in particular the scheduled maturity
of the Group's Senior Secured Notes and Senior Unsecured Notes due in June
2026."

 

LEI: 2138007VWEP4MM3J8B29

 

Further information

For further information please visit www.nog.co.uk (http://www.nog.co.uk)

 

Further enquiries

Nostrum Oil & Gas PLC
 

Petro Mychalkiw, 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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