DOR Doriemus

 
TIDMDOR 
 
15 November 2013 
 
                                 Doriemus Plc 
 
                         ("Doriemus" or the "Company") 
 
                   Board Reorganisation and Grant of Options 
 
Doriemus plc (AIM: DOR) has undertaken a strategic review of its business 
following the entry into the farm-in arrangements on the Lidsay oilfield on 18 
October 2013. Whilst the Company does not actively manage or control the new 
investment in the Lidsay oilfield, the board considers it appropriate that the 
executive directors of the Company should be focused on this new investment and 
any further opportunities which the Company may identify which are in-line with 
the Company's investing policy. Accordingly, the Company today announces a 
reorganisation of the board of directors with immediate effect. 
 
Board reorganisation 
 
Don Strang, currently non-executive chairman, will become executive chairman. 
Don is a member of the Australian Institute of Chartered Accountants and has 
been in business over 20 years, holding senior financial and management 
positions in both publicly listed and private enterprises in Australia, Europe 
and Africa. Mr Strang has considerable corporate and international expertise 
and over the past decade has focussed on mining and exploration activities. 
 
Hamish Harris, currently a non-executive director, will become an executive 
director. Hamish has held positions within product control, market risk and 
risk management at a number of financial institutions including Nomura Group, 
Dresdner Kleinwort Wasserstein, Deutsche Bank AG and Lloyds Banking Group plc. 
Hamish currently holds a position with Nivalis Capital. 
 
David Roxburgh, currently managing director, will become non-executive 
director. David is a member of the Institute of Certified Public Accountants in 
Ireland and is managing director of the Fitzwilton Group of Companies. One of 
Fitzwilton's investments is a 36 per cent. shareholding in Portfolio Design 
Group (the parent company of Surrenda-link Limited). The business of Portfolio 
Design Group includes the purchase, sale and valuation of secondary life 
policies, the valuation and procurement of US traded senior life interest 
policies and investment adviser on specialist investment products. Outside of 
the Fitzwilton Group, Mr Roxburgh is a Non-Executive Director of Waterford 
Crystal Limited (the world renowned luxury branded company). 
 
Grant Roberts remains on the Board as a non-executive director. 
 
Grant of options 
 
In addition, the Company announces that it has today granted options to the 
following Directors to subscribe for a total of 140 million new ordinary shares 
at an exercise price of 0.22p (being the closing mid-market price on 14 
November 2013, being the last practicable date prior to the grant of options) 
expiring five years from the date of grant and which vest immediately: 
 
Donald Strang                              50 million 
 
Hamish Harris                              50 million 
 
David Roxburgh                             20 million 
 
Grant Roberts                              20 million 
 
Total                                      140 million 
 
The options represent approximately 3.53 per cent. of the current issued 
ordinary share capital of the Company. 
 
For further information please contact: 
 
Doriemus plc                                               +44 (0) 20 7440 0640 
 
Donald Strang / Hamish Harris 
 
Sanlam Securities UK Limited (Nominated Adviser and        +44 (0) 20 7628 2200 
Broker) 
 
Simon Clements / Virginia Bull 
 
 
 
END 
 

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