ENQUEST PLC
28 March
2024
Director
Changes
EnQuest PLC ('EnQuest') is delighted
to announce the appointment of Rosalind Kainyah MBE to the Board of
Directors with effect from 30 May 2024, subject to shareholder vote
at the Company's 2024 Annual General Meeting ('AGM') on that date.
It also reconfirms, as announced on 7 December 2023, that Jonathan
Copus, Chief Financial Officer, will be recommended for election to
the Board as an Executive Director at the AGM.
EnQuest also announces that Liv
Monica Stubholt and Rani Koya have notified the Board of their
intention to step down as Non-Executive Directors at the Company's
AGM. Liv Monica has served a full three-year term of office at
EnQuest and wishes to focus on her Norwegian portfolio, while Rani
wishes to focus on other commitments.
In addition, Executive Director and
CEO of Veri Energy, Salman Malik, will be stepping down from the
EnQuest Board to devote his time to Veri Energy, a wholly owned
subsidiary of EnQuest. Veri Energy intends to leverage EnQuest's
capabilities to progress decarbonisation and new energy projects at
scale, including carbon capture and storage, green hydrogen, and
electrification through renewable power at the Sullom Voe Terminal,
on Shetland.
The Board is seeking to appoint a
further Non-Executive Director and will provide an update when
appropriate.
Rosalind Kainyah, MBE
Rosalind has over 30 years of
international, legal, operational, executive and board experience
in a variety of sectors, including energy, oil and gas, mining,
infrastructure, private equity, financial services and
manufacturing. She has worked across Africa, Europe, the Americas,
Asia and the South Pacific for companies and organisations,
including Linklaters, Anglo American, De Beers, Tullow Oil plc, the
United Nations Environment Programme, University of Oxford's
Environmental Change Unit and ERM.
Rosalind is the founder and director
of Kina Advisory Limited, and also a non-executive director of
discoverIE plc, Gem Diamonds Limited and WE Soda, a private
company.
Rosalind will join the Remuneration
Committee as Chair.
Rosalind said: "I'm excited to be
joining the Board of EnQuest and very much look forward to working
with the Company as it continues its energy transition
journey."
Commenting on today's announcement, Gareth Penny, Chairman,
said:
"On behalf of the Board, I am
thrilled to welcome Rosalind to EnQuest and look forward to working
with her over the coming years. Her experience and expertise will,
I'm sure, prove to be extremely beneficial to the Company as it
continues its journey through the energy transition.
I would also like to thank both Liv
Monica and Rani for their contribution to EnQuest and wish them
well for the future. Both have been of huge support to the Company
during their tenures. I will continue to collaborate with Salman as
he grows Veri Energy."
This announcement is made pursuant
to paragraph 9.6.11R of the Listing Rules of
the UK Listing Authority ('UKLA').
Ends
For further information please
contact:
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EnQuest PLC
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Tel: +44 (0)20 7925 4900
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Amjad Bseisu (Chief Executive
Officer)
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Chris Sawyer (General Counsel and
Company Secretary)
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Craig Baxter (Head of Investor
Relations)
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Teneo
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Tel: +44 (0)20 7353
4200
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Martin Robinson
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Harry Cameron
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Notes to editors
ENQUEST
EnQuest is providing creative
solutions through the energy transition. As an independent energy
company with operations in the UK North Sea and Malaysia, the
Group's strategic vision is to be the partner of choice for the
responsible management of existing energy assets, applying its core
capabilities to create value through the transition.
EnQuest PLC trades on the London
Stock Exchange.
Please visit our website
www.enquest.com
for more information on our global
operations.
Forward-looking statements: This announcement may contain certain forward-looking
statements with respect to EnQuest's expectations and plans,
strategy, management's objectives, future performance, production,
reserves, costs, revenues and other trend information. These
statements and forecasts involve risk and uncertainty because they
relate to events and depend upon circumstances that may occur in
the future. There are a number of factors which could cause actual
results or developments to differ materially from those expressed
or implied by these forward-looking statements and forecasts. The
statements have been made with reference to forecast price changes,
economic conditions and the current regulatory environment. Nothing
in this announcement should be construed as a profit forecast. Past
share performance cannot be relied upon as a guide to future
performance.