THE INFORMATION
CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO
CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE
REGULATION (EU) NO. 596/2014, AS AMENDED ("MAR"). ON THE
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY
INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO
BE IN THE PUBLIC DOMAIN.
Oscillate
Plc
AQSE:
MUSH
("Oscillate" or the
"Company")
CEO & BOARD
APPOINTMENT AND ROLE
CHANGE
The Company is pleased to
announce the appointment of Robin Jonathan Eckford Birchall as
Chief Executive Officer with immediate effect. Steve Xerri will become Executive Director with
immediate effect.
Robin Birchall
(aged 54) has more than
twenty-five years of experience in the financing and management of
resource companies. Mr. Birchall is currently the Non-Executive
Chairman of Evolution Energy Minerals Ltd. and previously was
Non-Executive Chairman of Awale Resources Ltd. Mr. Birchall was
Chief Executive Officer & Director at Giyani Metals Corp.
Before that he was the Executive Chair of Silver Bear Resources.
Mr. Birchall was also a Non-Executive Director of Helium One
Global. Previous roles include former Chief Executive Officer of a
private oil and gas E&P company as well as Vice President
Investment & Corporate Banking with BMO Capital Markets, where
he completed a variety of high-profile transactions for resource
companies. Prior to BMO Capital Markets, Mr. Birchall was Vice
President Corporate Finance at Canaccord Adams Ltd. Mr. Birchall
earned an MBA from the University of Cape
Town, a MSc in European and International Politics from
Edinburgh University, a Première Degré
en Langues Literature et Civilisation, from Stendahl Université and
a BA from Queens
University.
Mr. Birchall does not
currently hold any ordinary shares in the Company. Mr. Birchall
will be rewarded with options as follows, exercisable in the event
there is admission to AIM or other Recognised Investment
Exchange:
-
options equal to 2% of the
current issued share capital in the Company, equating to
approximately 8,508,000 options over ordinary shares. The options
shall have a strike price equivalent to an initial quotation price
upon commencement of trading on AIM or other Recognised Investment
Exchange; and
-
a payment which will be
used to subscribe for ordinary shares in the Company upon
commencement of trading on AIM or other Recognised Investment
Exchange, equal to 1% of the current share capital, equivalent to
approximately 4,254,400 ordinary
shares.
The below details all
directorships held by the director in any other company at any time
in the previous five years:
|
Current
directorships |
Previous
directorships |
|
|
|
|
Evolution Energy Minerals
Limited |
Awale Resources
Limited |
|
|
Georgetown Real Estate
Company |
|
|
Giyani Metals
Corp |
|
|
Helium One Global
Limited |
Except as set out above,
there is no further information regarding Robin Birchall that is required to be disclosed
pursuant to Rule 4.9 of the Aquis Growth Market Access
Rulebook.
Steve Xerri commented: "The appointment
of Robin Birchall with his industry
experience in non-hydrocarbon gases at the stage when Helium One
was being formed, along with his wealth of experience in various
other industries, positions Robin with a wide range of relevant
skills as CEO to take us to the next level. He also
brings a high level of confidence and commitment which is in line
with the Company’s vision. Robin has been directly and specifically
remunerated around the ultimate success of the Company and for our
shareholders and therefore I am confident that this appointment
should give an extreme amount of confidence to our investors for
the future. I look forward to working with Robin and dividing the
executive function, bringing our near-term plans to
fruition."
The Directors of the
Company accept responsibility for the contents of this
announcement.
Enquiries:
Company
Oscillate
PLC
John Treacy
ir@oscillateplc.com
https://oscillateplc.com
Corporate
Adviser
Peterhouse Capital
Limited
Telephone: 020 7220
9795
