TIDMJSE
RNS Number : 6113H
Jadestone Energy PLC
07 April 2022
Jadestone Energy
Appointment of Jenifer Thien as a Non-Executive director of
Jadestone Energy plc
7 April 2022 - Singapore: Jadestone Energy plc ("Jadestone" or
the "Company"), an independent oil and gas production company
focused on the Asia-Pacific region, is pleased to announce the
appointment of Jenifer Thien as an independent non-executive
director of the Company with immediate effect. Jenifer will stand
for election at the Company's 2022 Annual General Meeting. With her
appointment, Jenifer also joins the following board Committees: (i)
Remuneration, (ii) Governance and Nomination, and (iii) Health,
Safety, Environment and Climate.
Jenifer Thien, a Malaysian national, is the Founder and
Principal of Grit and Pace, through which she advises corporations
on Environmental, Social and Governance (ESG) strategy and what it
takes to drive change in supply chain, procurement and operational
excellence. She has over 30 years of international senior executive
experience in the consumer-packaged goods industry and had the
opportunity to live and work in several countries across Asia and
the US throughout her career. This includes 25 years with Mars,
Incorporated, where she last served as the Global Chief Procurement
Officer.
Jenifer has successfully led complex business transformation and
sustainability programs through her deep understanding of the
business enterprise, the ability to mobilise required capabilities,
as well as intensive stakeholder engagement. She is currently an
Independent Non-Executive Director of UEM Edgenta Berhad, a public
listed company in Malaysia.
Dennis McShane, Chair of Jadestone commented:
"I'm delighted to welcome Jenifer to the board of Jadestone. The
significant senior executive experience she has accumulated over a
30 year career will be an important and complementary addition to
our director skillset. Jenifer's familiarity with implementing and
advising on sustainability programmes will also be valuable as we
navigate the energy transition and set out our net zero ambition in
the near-term."
Regulatory
The following information is disclosed under Rule 17 and
Schedule Two, paragraph (g), of the AIM Rules for Companies:
Jenifer Thien Bit Leong (aged 54)
Ms Thien does not hold any ordinary shares nor options over
ordinary shares in the Company.
Ms Thien is currently an independent Non-Executive director of
UEM Edgenta, a Malaysia listed company focused on providing
physical asset solutions and infrastructure services.
There is no further information which is required to be
disclosed under Schedule Two, paragraph (g),
of the AIM Rules for Companies in respect of Jenifer Thien.
For further information, please contact:
Jadestone Energy plc
Paul Blakeley, President and CEO +65 6324 0359 (Singapore)
Phil Corbett, Investor Relations Manager +44 7713 687467 (UK)
ir@jadestone-energy.com
Stifel Nicolaus Europe Limited (Nomad, +44 (0) 20 7710 7600 (UK)
Joint Broker)
Callum Stewart
Jason Grossman
Ashton Clanfield
Jefferies International Limited (Joint +44 (0) 20 7029 8000 (UK)
Broker)
Tony White
Will Soutar
Camarco (Public Relations Advisor) +44 (0) 203 757 4980 (UK)
Billy Clegg jse@camarco.co.uk
James Crothers
About Jadestone Energy
Jadestone Energy plc is an independent oil and gas company
focused on the Asia-Pacific region. It has a balanced, low risk,
full cycle portfolio of development, production and exploration
assets in Australia, Malaysia, Indonesia, Vietnam and the
Philippines.
The Company has a 100% operated working interest in the Stag
oilfield and in the Montara project, both offshore Australia. Both
the Stag and Montara assets include oil producing fields, with
further development and exploration potential. The Company also has
interests in four oil producing licences offshore Peninsula
Malaysia; two operated and two non-operated positions. Further, the
Company has a 100% operated working interest in two gas development
blocks in Southwest Vietnam, and an operated 100% interest
(assuming completion of the Hexindo stake acquisition, as announced
in November 2021) in the Lemang PSC, onshore Sumatra, Indonesia,
which includes the Akatara gas field.
In addition, the Company has executed a sale and purchase
agreement to acquire a 69% operated working interest in the Maari
Project, shallow water offshore New Zealand, and is working with
the seller to obtain final New Zealand government approvals.
Led by an experienced management team with a track record of
delivery, who were core to the successful growth of Talisman's
business in Asia, the Company is pursuing an acquisition strategy
focused on growth and creating value through identifying,
acquiring, developing and operating assets in the Asia-Pacific
region.
Jadestone Energy plc is listed on the AIM market of the London
Stock Exchange. The Company is headquartered in Singapore. For
further information on the Company please visit
www.jadestone-energy.com .
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