Lekoil Limited Directorate Change (3403Z)

TIDMLEK

RNS Number : 3403Z

Lekoil Limited

17 May 2019

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

17 May 2019

LEKOIL Limited

("Lekoil" or the "Company")

Directorate Change

Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa more generally, announces the resignation of Lisa Mitchell, the Company's Chief Financial Officer. The Company and Lisa have agreed that she will stay until the annual report and accounts of the Company for the financial year ending December 2018 has been finalised and published.

Greg Eckersley, until recently the Global Head of Internal Equities at the Abu Dhabi Investment Authority (ADIA), will assume the role of interim Chief Financial Officer, to oversee, with the support of the Company's financial controller, the Company's finance function, following publication of the 2018 annual report and accounts. Greg is currently Chairman of Lekoil's Remuneration Committee and is a member of the Company's Audit Committee.

The Company has commenced the search to identify candidates for the role of a permanent Chief Financial Officer. In view of the needs of the business, the Company is focusing the search on a candidate that will be based primarily in Nigeria.

Commenting on the announcement, Samuel Adegboyega, Chairman of Lekoil, said:

"The entire Board would like to thank Lisa for her service to Lekoil to date and wishes her well in her future career. The Board would also like to thank Greg for accepting the position of Interim Chief Financial Officer. "

For further information, please visit www.lekoil.com or contact:

 
Lekoil Limited 
 Alfred Castaneda, Investor Relations                        +44 20 7920 3150 
Strand Hanson Limited (Financial & 
 Nominated Adviser) 
 James Harris / James Spinney / Ritchie 
 Balmer                                                      +44 20 7409 3494 
 
Mirabaud Securities LLP (Joint Broker)         +44 20 7878 3362 / +44 20 7878 
 Peter Krens / Edward Haig-Thomas                                        3447 
Numis Securities (Joint Broker) 
 John Prior / Ben Stoop                                      +44 20 7260 1000 
Tavistock (Financial PR) 
 Simon Hudson / Barney Hayward / Charles 
 Vivian                                                      +44 20 7920 3150

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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