NOT FOR
RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO
OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION
FOR IMMEDIATE RELEASE
London, 16 August 2024
Board
Changes
Nostrum Oil & Gas
PLC (LSE: NOG)
("Nostrum", or the
"Company" and together with
its subsidiaries, the "Group"), an independent mixed-asset energy company with world-class
gas processing facilities and an export hub in
north-west Kazakhstan, is pleased to announce that Viktor Gladun has been
appointed as a non-executive director of the the Company
effective 15 August 2024.
Mr Gladun is a business manager with
extensive experience in the energy sector. Viktor was the CEO
and executive director on
the board of directors of JKX Oil and Gas plc, a
UK-headquartered hydrocarbon exploration company, from 2019 through
2022, after having served as Acting CEO of JKX during
2017-2018. Viktor also served as the CEO of JKX's Ukrainian
subsidiary Poltava Petroleum Company JV from 2016-2022. Prior
to that he held executive financial
roles at DTEK & NIKO, a senior auditor position at TNK-BP
and a tax consultant position at
Arthur Andersen. Viktor is currently a
non-executive director of Bank Avangard JSC and of Energy Trade
Group LLC, both based in Ukraine.
The Company also announces that
Martin Gudgeon, a non-executive director of the Company and a
member of the Nomination and Governance
Committee of the Board of Directors, has been
appointed as Acting Chair of such committee. In his role as
Acting Chair Martin replaces Christopher Cox, who stepped down from
the Board earlier this year.
As previously announced, the Company
has commenced a search for an additional independent non-executive
director to be appointed to the Board, taking into consideration
Nostrum's Board diversity goals, and will make any further Board
announcements as appropriate.
Stephen Whyte, Chair of Nostrum's Board,
said:
"Viktor brings significant oil & gas sector experience and
I am delighted to welcome him to the Nostrum
Board.
I
would also like to thank Martin Gudgeon for agreeing to serve as
Acting Chair of the Board's Nomination and Governance Committee,
which will ensure that there is continuity and leadership in the
conduct of the Committee's activities."
LEI: 2138007VWEP4MM3J8B29
Further information
For further information please
visit https://www.nostrumoilandgas.com/
Further enquiries
Nostrum Oil & Gas PLC
Petro Mychalkiw
Chief Financial Officer
ir@nog.co.uk
Instinctif
Partners -
UK
Guy Scarborough
Vivian Lai
+ 44 (0) 207 457 2020
nostrum@instinctif.com
About Nostrum Oil & Gas
Nostrum Oil & Gas
PLC is an
independent oil and gas company currently engaging in the
production, development and exploration of oil and gas in the
pre-Caspian Basin. Its shares are listed on the London Stock
Exchange (ticker symbol: NOG). The producing asset
of Nostrum Oil
& Gas PLC is the Chinarevskoye field, which is operated
by Zhaikmunai
LLP, a wholly-owned subsidiary of Nostrum Oil & Gas
PLC and the
sole holder of the subsoil use rights with respect to the
development of the field.
Forward-Looking
Statements
Some of the statements in this
document are forward-looking. Forward-looking statements include
statements regarding the intent, belief and current expectations of
the Company or its officers with respect to various matters. When
used in this document, the words "expects", "believes",
"anticipates", "plans", "may", "will", "should" and similar
expressions, and the negatives thereof, are intended to identify
forward-looking statements. Such statements are not promises nor
guarantees and are subject to risks and uncertainties that could
cause actual outcomes to differ materially from those suggested by
any such statements.
No part of this announcement
constitutes, or shall be taken to constitute, an invitation or
inducement to invest in the Company or any other entity, and
shareholders of the Company are cautioned not to place undue
reliance on the forward-looking statements. Save as required by the
relevant listing rules and applicable law, the Company does not
undertake to update or change any forward-looking statements to
reflect events occurring after the date of this
announcement.