REG - Serica Energy PLC - Board Changes

Serica EnergyAnnouncement

17/07/2023 10:00

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RNS Number : 2279G  Serica Energy PLC  17 July 2023

Serica Energy plc

("Serica" or the "Company")

Board Changes

London, 17 July 2023 - Serica Energy plc (AIM: SQZ), a British independent
upstream oil and gas company, is delighted to announce that Kaat Van Hecke and
Sian Lloyd Rees have each accepted an invitation to join Serica's Board as
Independent Non-Executive Directors with immediate effect. Upon joining the
Board, Kaat will be appointed to chair the HSE Committee and the Reserves
Committee, and Sian will be joining the Remuneration and Sustainability
Committees. After the AGM on 29 June 2023 Tony Craven Walker retired and David
Latin took over as Chairman. The Company also announces that Trevor Garlick is
stepping down as an Independent Non-Executive Director with effect from
today's date.

 

Kaat has over 25 years of experience in the petrochemical and upstream oil and
gas business.  She has held a variety of positions with ExxonMobil, Shell,
OMV, and Nostrum Oil & Gas in Europe, Nigeria, Russia and Kazakhstan. Kaat
is an experienced Non-Executive Director who currently holds Independent
Non-Executive Director positions and chairs Board Committees at Glover Gas
& Power B.V/Axxela Limited, the largest private sector natural gas
distributor in West Africa, and at Trinity Exploration & Production Plc
which is focussed on Trinidad and Tobago.

 

Sian has over 30 years experience in Oil & Gas, IT and renewable Energy
industries. Her career includes roles at Halliburton Corporation, Oracle
Corporation and Aker Group, across multiple geographies. Currently Sian is UK
Managing Director for Aker ASA's Mainstream Renewable Power business which is
responsible for growing a renewable energy portfolio in offshore wind and
hydrogen. She is also a Non-Executive Director and co-chair of OEUK Ltd, a
Non-Executive Director for the UKs Net Zero Technology Centre Ltd, and a
Non-Executive Director for Aberdeen Harbour Ltd (Port of Aberdeen).

 

 

David Latin, Chairman of Serica commented:

 

"Trevor Garlick joined the Board of Serica Energy plc just after the
acquisition of the Bruce, Keith and Rhum assets was completed, he has chaired
our Committees for HSE and Reserves throughout as well as sitting on other
Board Committees, and we have benefited greatly from his broad understanding
of our industry and his deep knowledge and experience of offshore production
operations and reservoir management. We wish him all the very best for the
future.

 

I am absolutely delighted to welcome Kaat Van Hecke and Sian Lloyd Rees to the
Serica Energy plc Board following the recent retirements of Tony Craven Walker
and Trevor Garlick. Kaat brings wide-ranging technical and operational
experience in the exploration & production sector, from very large
companies to small companies in multiple geographies, as a petroleum engineer,
an executive leader and a Non-Executive Director. Sian augments and extends
the overall experience set represented on the Board with her background in the
supply chain, digital technology and the energy transition and brings
perspectives gained as a Non-Executive Director for important industry funded
government-facing organisations in the UK. I am very much looking forward to
the contribution and support both Sian and Kaat will provide as we build on
the strong financial and operating capabilities whch Serica has established
whilst we continue to look at new opportunities to deliver growth for our
shareholders."

 

Regulatory

 

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

 

Kaat Van Hecke (aged 51)

 

Mrs Van Hecke does not hold any ordinary shares nor options over ordinary
shares in the Company.

 

 Current Directorships:                        Past Directorships (within the last 5 years):
 Glover Gas & Power B.V. / Axxela Limited      Nostrum Oil & Gas PLC
 Axxela Funding 1 PLC                          OMV Austria Exploration & Production GmbH
 Transit Gas Nigeria Limited
 Trinity Exploration & Production PLC

 

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 Kaat
Van Hecke.

 

Sian Lloyd Rees (aged 62)

 

Mrs Rees does not hold any ordinary shares nor options over ordinary shares
in the Company.

 

 Current Directorships:                        Past Directorships (within the last 5 years):
 Aker Offshore Wind Limited                    Aberdeen Cyrenians Limited
 Arven Offshore Wind Farm Hold Co Limited      Aker Engineering Malaysia Ltd
 Arven Offshore Wind Farm Limited              Aker Engineering & Technology Limited
 Dubh Artach Holdings Limited                  Aker Offshore Partner Limited
 Dubh Artach Offshore Wind Limited             Aker Solutions Eame Limited
 Energy Transition Zone Ltd                    Aker Solutions Holding Limited
 Net Zero Technology Centre Limited            Aker Solutions IP Limited
 The UK Offshore Energies Association Limited  Aker Solutions Limited
 UK Mainstream Renewable Power Limited         Enovate Systems Limited
 Aberdeen Harbour Limited

 

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 Sian
Lloyd Rees.

 

 

Enquiries:

 

 Serica Energy plc                                      +44 (0)20 7390 0230
 Mitch Flegg (CEO) / Andy Bell (CFO)

 Peel Hunt (Nomad & Joint Broker)                       +44 (0)20 7418 8900
 Richard Crichton / David McKeown / Georgia Langoulant

 Jefferies (Joint Broker)                               +44 (0)20 7029 8000
 Tony White / Will Soutar

 Vigo Consulting (PR Advisor)                           +44 (0)20 7390 0230
 Patrick d'Ancona / Finlay Thomson                      serica@vigoconsulting.com

 

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