TIDMJSE
RNS Number : 2756Q
Jadestone Energy PLC
18 October 2023
Appointment of Gunter Waldner as a Non-Executive director of
Jadestone Energy plc
18 October 2023 - Singapore: Jadestone Energy plc ("Jadestone"
or the "Company"), an independent oil and gas production company
focused on the Asia-Pacific region, announces the appointment of
Gunter Waldner as a non-executive director of the Company with
immediate effect. Mr Waldner was nominated as a non-executive
director by the Company's largest shareholder, Tyrus Capital S.A.M.
and funds managed by it ("Tyrus"), pursuant to the relationship
agreement entered into by the Company and Tyrus in November 2018.
Mr Waldner will stand for election at the Company's 2024 Annual
General Meeting.
Gunter Waldner, an Austrian national, has over 25 years of
corporate finance and investment management experience. Mr Waldner
is currently Head of Private Equity and Co-Chief Investment Officer
of Tyrus Capital S.A.M. having joined the firm in 2012. Prior to
Tyrus Capital, Mr Waldner spent five years in senior positions at
AlpInvest Partners, where he was responsible, amongst others, for
deal sourcing, structuring and execution of secondary private
equity transactions and portfolio management.
Mr Waldner's previous experience includes 10 years in investment
banking at Lehman Brothers, advising corporates on M&A
transactions and capital market activities. Mr Waldner holds a
Master's degree in Business Administration and Economics from the
Vienna University of Economics and Business Administration.
Dennis McShane, Chair of Jadestone commented:
"On behalf of Jadestone, I welcome Gunter to the Board. His
significant corporate finance and investment experience, as well as
familiarity with strategy and M&A execution, will be important
and complementary additions to our director skillset.
Following Gunter's appointment, we will continue with the
previously announced Board restructuring as we recognise the
importance of maintaining independence, while balancing the need to
manage the size of the Board and strengthening capability and
experience to support the growth of the business. We look forward
to updating our shareholders on this process in due course."
Regulatory disclosures
The following information is disclosed under Rule 17 and
Schedule Two, paragraph (g), of the AIM Rules for Companies:
Gunter Waldner (aged 51)
Mr Waldner does not directly hold any ordinary shares nor
options over ordinary shares in the Company. Mr Waldner indirectly
holds securities in the Company through personal investments in
entities for which Tyrus Capital S.A.M. acts as a discretionary
asset manager.
Mr Waldner is currently Director, Co-Chief Investment Officer
and Head of Private Equity at Tyrus Capital S.A.M., where he has
worked since 2012. Mr Waldner is also a director of New Lake 42
B.V.
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 Gunter Waldner.
-ends-
For further information, please contact:
Jadestone Energy plc
Paul Blakeley, President and CEO +65 6324 0359 (Singapore)
Bert-Jaap Dijkstra, CFO
Phil Corbett, Investor Relations Manager +44 (0) 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)
Will Soutar
Cameron Jones
Camarco (Public Relations Advisor) +44 (0) 203 757 4980 (UK)
Billy Clegg jse@camarco.co.uk
Andrew Turner
Elfie Kent
About Jadestone Energy
Jadestone Energy plc is an independent oil and gas company
focused on the Asia-Pacific region. It has a balanced and
increasingly diversified portfolio of production and development
assets in Australia, Malaysia, Indonesia, Thailand and Vietnam, all
stable jurisdictions with a positive upstream investment
climate.
Led by an experienced management team with a track record of
delivery, who were core to the successful growth of Talisman
Energy's business in Asia-Pacific, the Company is pursuing a
strategy to grow and diversify the Company's production base both
organically, through developments such at Akatara in Indonesia and
Nam Du/U Minh in Vietnam, as well as through acquisitions that fit
within Jadestone's financial framework and play to the Company's
strengths in managing maturing oil assets. Jadestone delivers value
in its acquisition strategy by enhancing returns through operating
efficiencies, cost reductions and increased production through
further investment.
Jadestone is a responsible operator and well positioned for the
energy transition through its increasing gas production, by
maximising recovery from existing brownfield developments and
through its Net Zero pledge on Scope 1 & 2 GHG emissions from
operated assets by 2040. This strategy is aligned with the IEA Net
Zero by 2050 scenario, which stresses the necessity of continued
investment in existing upstream assets to avoid an energy crisis
and meet demand for oil and gas through the energy transition.
Jadestone Energy plc (LEI: 21380076GWJ8XDYKVQ37) is listed on
the AIM market of the London Stock Exchange (AIM: JSE). The Company
is headquartered in Singapore. For further information on the
Company please visit www.jadestone-energy.com .
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