REG - Nostrum Oil & Gas - Appointment of Nikolay Ivin as Chairman

Nostrum Oil & GasAnnouncement

17/10/2025 07:00

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RNS Number : 7513D  Nostrum Oil & Gas PLC  17 October 2025

 

 

 

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FOR IMMEDIATE RELEASE

 

London, 17 October 2025

 

Retirement of Stephen Whyte and Appointment of Nikolay Ivin as Chairman

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, today announces that
Stephen Whyte has retired as Chairman of the Board of Directors and as a
director of the Company effective 16 October 2025. The Company also announces
that the Board of Directors has appointed Nikolay Ivin as the new Chairman of
the Board effective 16 October 2025.

As announced at the time of his appointment as a Nostrum board director on 15
July 2025, Mr Ivin has broad expertise in corporate finance across emerging
markets, as co-founder and Managing Partner of Ziff-Ivin Associates Ltd, a
UK-based financial advisory and management consulting practice. Mr Ivin has
worked on financial advisory and restructuring assignments for international
investors and companies all over Central and Eastern Europe, as well as
Cyprus, Iceland, Kazakhstan, the Netherlands and the UK. Mr Ivin's prior
professional experience includes roles at Houlihan Lokey (Europe), Citigroup
Corporate and Investment Bank (EMEA) and GE Capital (USA). Since 2021, Mr
Ivin has also been serving as an independent supervisory board member of
DTEK Energy B.V., an integrated energy and mining group.

These changes to the Board have received relevant consent in accordance with
the requirements of the warrant instrument dated 9 February 2023 constituting
the Company's share warrants. The Company proposes to re-constitute the
composition of the Board and relevant committees of the Board following
additional appointments of directors in due course so as to comply with the
relevant provisions of the warrant instrument.

Martin Gudgeon, director, said:

"The directors take this opportunity to thank Steve Whyte for his many
contributions to the Company's development and guidance of the Nostrum Board
during his tenure as Chairman, and to congratulate and welcome Nick Ivin as he
assumes the position of Chairman."

Nikolay Ivin said:

"I am glad to take on my new role as Chairman, appreciating the trust placed
in me by fellow board directors on behalf of the stakeholders. I look forward
to working with my colleagues across Nostrum to strengthen, develop and grow
the Company's business, whilst taking into account 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.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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