Resignation of Director (4505U)
December 21 2011 - 11:03AM
UK Regulatory
TIDMDOO
RNS Number : 4505U
D1 Oils Plc
21 December 2011
D1 Oils plc (the 'Company')
Resignation of director
The Company announces the resignation today of Martin Jarvis as
Chief Operating Officer and a Director of the Company.
In line with his contractual entitlement, Martin has been
granted an option to acquire 2,500,000 ordinary shares in the
Company. Subject to a performance based criteria, the option is
exercisable within three years from today at an exercise price of
two pence per share, which is based on the market price on the
24(th) June 2011.
Nicholas Myerson, a current executive director of the Company,
has been appointed with immediate effect as the new Chief Operating
Officer.
Steven Rudofsky, Executive Chairman, said "I would like to thank
Martin for all his hard work and his contribution to the Company
and wish him well in the future".
Enquiries:
D1 Oils plc
Steven Rudofsky +44 (0) 20 7936 9104
WH Ireland
Chris Fielding +44 (0) 20 7220 0470
This information is provided by RNS
The company news service from the London Stock Exchange
END
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