United Oil & Gas PLC Board Change (1287X)

TIDMUOG

RNS Number : 1287X

United Oil & Gas PLC

25 August 2022

United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas

25 August 2022

United Oil and Gas Plc

("United" "the Group" or the "Company")

Board Change

United Oil & Gas Plc announces that Tom Hickey has notified the Board of his intention to step down as independent Non-Executive Director (NED), Chair of the Audit and Risk Committee and a member of the Remuneration Committee following his appointment as Finance Director of Kenmare Resources Plc announced today. Tom will step down from the Board on 23 September 2022 prior to taking up the Kenmare role.

The Company is committed to good governance and a search process to find a Board successor to Tom has commenced with a view to maintaining the right skills, experience and diversity to align with the Company's strategic goals. The result of this process will be announced in due course. Graham Martin will Chair the Audit and Risk Committee until a new NED is appointed.

Graham Martin, Chair commented:

"I would like to take this opportunity to thank Tom for his guidance and the very important contribution he has made to United since he joined. Tom's commitment and wealth of experience has been invaluable during United's transition into a producing company. Tom will be missed and we are sad that he will not be part of the next phase of growth of the business. However, we fully understand and support his decision to take up this executive role with Kenmare and on behalf of the Board I would like to congratulate Tom on his new role and wish him every success."

ENDS

This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310).

 
Enquiries 
United Oil & Gas Plc (Company) 
Brian Larkin, CEO                 brian.larkin@uogplc.com 
Sharan Dhami, Head of IR          sharan.dhami@uogplc.com 
 & ESG 
 
Beaumont Cornish Limited 
 (Nominated Adviser) 
Roland Cornish | Felicity 
 Geidt                            +44 (0) 20 7628 3396 
 
  Tennyson Securities (Joint 
  Broker) 
Peter Krens                       +44 (0) 020 7186 9030 
 
  Optiva Securities Limited 
  (Joint Broker) 
Christian Dennis                  +44 (0) 20 3137 1902 
 
Camarco (Financial PR) 
Georgia Edmonds | James           +44 (0) 20 3757 4983 | 
 Crothers |                        uog@camarco.co.uk

Notes to Editors

United Oil & Gas is a high growth oil and gas company with a portfolio of low-risk, cash generative production, development, appraisal and exploration assets across Egypt, UK and a high impact exploration licence in Jamaica.

The business is led by an experienced management team with a strong track record of growing full cycle businesses, partnered with established industry players and is well positioned to deliver future growth through portfolio optimisation and targeted acquisitions.

United Oil & Gas is listed on the AIM market of the London Stock Exchange. For further information on United Oil and Gas please visit www.uogplc.com

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END

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August 25, 2022 02:03 ET (06:03 GMT)

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