12 December 2024
Europa Oil & Gas (Holdings)
plc
("Europa" or the
"Company")
Board Changes
Europa Oil & Gas (Holdings) plc, the AIM
quoted UK, Ireland and West Africa focused oil and gas exploration,
development and production company, is pleased to announce the
appointment of Bo Krøll to the
board of the Company as a non-executive director with immediate
effect. Mr Krøll is a proven
entrepreneur and successful businessman who has been a long-term
shareholder in Europa with a current holding of 6.04% of the issued
share capital of the Company. The Europa board believes that the
management of the Company would benefit from increased
representation of the shareholders on the board and as a result has
invited Mr Krøll to join the
board.
Mr Krøll is an
entrepreneur who has founded and successfully built multiple
companies during his career. He is currently Chairman and CEO of
SeeReal Technologies, a leading engineering and design house within
the field of Holographic 3D Displays which has built a Holographic
Display Patent Portfolio comprising almost 600 patents and patent
applications and is one of the largest holographic display
portfolios in the world. Prior to this, he held board level roles
at several data management companies, notably: he was CEO of
Boersinformation Telecom A/S where he doubled turnover, made the
business profitable and then sold; and, he founded IFX Group Plc,
which provided financial information services on mobile terminals,
and after eight years of rapid growth he successfully sold the
business.
Mr Krøll holds a
Baccalaureate from Holte Gymnasium and a Master of Science
from the Technical University of Denmark.
In order to maintain a majority of independent
non-executive directors on the Europa board of directors, Alastair
Stuart will stand down from the board with immediate effect but
will continue as Chief Operating Officer.
Brian
O'Cathain, Chairman of Europa, said:
"We are delighted that Bo has agreed to join
the Europa board. He is a proven entrepreneur with extensive
experience in building businesses and will bring deep commercial
and strategic expertise to the board. He understands the oil and
gas sector well, having started his career as a geophysical
engineer at Schlumberger before moving into the telecommunications
and data management business. As one of our largest shareholders,
he will provide a valuable shareholder perspective as we continue
to grow the business."
AIM Rules for Companies, Schedule
2(g) Disclosures
As required by Schedule 2(g) of the
AIM Rules for Companies, the Company confirms that Bo Peter Høegh Krøll, aged
67, currently holds or has held the
following directorships and partnerships in the last five
years:
Current
directorships and partnerships
|
Past
directorships and partnerships
|
SeeReal Technologies S.A.
|
None
|
i2i Holding S.A.
|
|
Mr Krøll
was a director of F. B. Krøll Ingeniørfirma A/S, a private,
family engineering business in Denmark owned by his father, at the
time of the company going into receivership on 2 March 1990.
Mr Krøll was also a director of
Intervest A/S, Intervest Holding A/S and Erhvervsselskabet AF 16/7
1985 ApS. The sole purpose of these companies was to hold Mr
Krøll's interest in F. B. Krøll
Ingeniørfirma A/S. All three companies entered insolvent compulsory
dissolutions, following the receivership of F. B. Krøll
Ingeniørfirma A/S. Intervest A/S and Intervest Holding A/S entered
compulsory dissolution on 8 August 1990, and Erhvervsselskabet AF
16/7 1985 ApS entered compulsory dissolution on 30 July
1990.
Mr Krøll
was a director of 27/4 1992 A/S (formerly named AXXESS A/S;
Telecom A/S; and Børsinformation Telecom A/S) within twelve months
of the company going into receivership on 06 August 1992. Mr
Krøll was also a director of Polysat
A/S, a wholly owned subsidiary of
27/4 1992 A/S, within twelve months of that company entering
commencing an insolvent compulsory dissolution. Mr
Krøll's directorships in these entities ceased
following his sale of his shares 27/4 1992 A/S to the
majority partner and the entities subsequently became
insolvent.
Bo Krøll
currently holds 57,951,502 Ordinary Shares in the Company,
representing 6.04% of the current issued share capital.
There is no further information required to be
disclosed in respect of the above appointments pursuant to Rule 17
or Schedule 2 (g) of the AIM Rules for Companies.
* * ENDS * *
For further information, please
visit www.europaoil.com or
contact:
William Holland
|
Europa Oil & Gas (Holdings)
plc
|
mail@europaoil.com
|
Samantha Harrison / Ciara Donnelly /
Elliot Peters
|
Grant Thornton UK LLP - Nominated
Adviser
|
+44 (0) 20 7383 5100
|
Peter Krens
|
Tennyson Securities
|
+44 (0) 20 7186 9033
|
Patrick d'Ancona / Finlay Thomson /
Kendall Hill / Anna Stacey
|
Vigo Consulting
|
+44 (0) 20 7390 0230
|