TIDMNEW

RNS Number : 8652D

New World Oil & Gas

11 July 2016

New World Oil and Gas Plc / Index: AIM / Epic: NEW / Sector: Oil & Gas

For immediate release 11 July 2016

NEW WORLD OIL AND GAS PLC ("New World" or "the Company")

Directorate changes

The Company announces that Christopher Einchcomb, Stephen Polakoff and Georges Sztyk have resigned as Directors of the Company with immediate effect. Accordingly, the Company does not intend to call a meeting pursuant to the letters of requisition for an EGM from shareholders as announced on 22 June 2016.

The Board will now comprise Nicholas Lee and Adam Reynolds, with further additions to the Board being considered as appropriate. The Board expects to update shareholders on the possible reverse acquisition of Big Sofa Limited as announced on the 9 May 2016 and other operational matters in due course.

Pursuant to the announcement of 9 May 2016, trading in the Company's ordinary shares continues to be suspended.

 
 Enquiries: 
 Nicholas Lee     New World Oil and    Tel: +44 (0) 20 
  Adam Reynolds    Gas plc              7580 7576 
                   New World Oil and    Tel: +44 (0) 7785 
                   Gas plc              908158 
 Roland Cornish   Beaumont Cornish     Tel: +44 (0) 20 
                   Limited              7628 3396 
 Felicity Geidt   Beaumont Cornish     Tel: +44 (0) 20 
                   Limited              7628 3396

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 11, 2016 12:11 ET (16:11 GMT)

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