REG - Nostrum Oil & Gas - Material related party transaction and new COO

Nostrum Oil & GasAnnouncement

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RNS Number : 5726Z  Nostrum Oil & Gas PLC  16 September 2025

 

 

 

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London, 16 September 2025

Material related party transaction and new COO

Nostrum Oil & Gas PLC (the "Company" or "Nostrum") announces that Nostrum
Oil & Gas Coöperatief UA, a wholly-owned indirect subsidiary of the
Company, has today entered into an employment agreement with David Roberts,
who will serve as Chief Operating Officer of the Company, reporting to the
Company's Chief Executive Officer.

David has a 50% shareholding in RD Energy Caspian Holdings Limited, which
holds 31,975,192 ordinary shares of Nostrum (representing 18.88% of the
Company's ordinary share capital).

As a result of David's shareholding in the Company and certain other factors
the employment agreement is defined as a material related party transaction
under DTR 7.3.8R.

David's initial compensation under the employment agreement will be USD
396,000 per annum plus customary benefits. The employment agreement may be
terminated by either party with six months' notice or immediately in certain
circumstances specified in the agreement.

 

The Board confirms its view that entry into the employment agreement with
David is fair and reasonable from the perspective of the Company and of the
shareholders who are not a related party, including minority shareholders.

The Company also announces that Robert Tinkhof, who joined the Company as
Chief Operating Officer on 12 February 2019, retired from that position on 3
September 2025.

 

Viktor Gladun, Nostrum's Chief Executive Officer, commented:

 

"I am delighted to welcome David to Nostrum. At the same time, I would like to
thank Robert for his major contributions 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

Thomas Hartnett - Chief Legal Officer / Company Secretary

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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