Brooge Energy Ltd Appoints Firoze Kapadia as Independent Board Member and Regains Compliance with NASDAQ Listing Rule 5605(b)(1)
21 Octubre 2022 - 8:00AM
Brooge Energy Ltd, (“Brooge Energy” or the “Company”), a Cayman
Islands-based infrastructure provider, which is currently engaged
in clean petroleum products and biofuels and crude oil storage and
related services, today announced the appointment of Firoze Kapadia
as independent board member of the Company and regaining compliance
with NASDAQ Listing Rule 5605(b)(1), which requires the Company’s
board of directors to be comprised of a majority of independent
directors. With this appointment, Brooge Energy’s board of
directors is comprised of seven members, including four independent
directors.
Mr. Kapadia qualified in June 1994 as a
Chartered Certified Accountant in the U.K. and has accumulated a
diverse career experience of approximately 27 years in the field of
accounting, finance and management as well as in taxation.
In 2011, Mr. Kapadia joined the Al Sayegh Group
as Group Chief Financial Officer to oversee its expansion into
Africa in the mining and agro commodities sector. Currently he is
overseeing the group’s first mining IPO on ADX. Mr. Kapadia has
also been involved with spearheading the group’s foray into the
agro commodity sector and acts as the CEO of the business. In his
role of Group Chief Financial Officer, Mr. Kapadia has the
responsibility for ensuring preparation of consolidated statutory
financial statements, preparation of appropriate accounting
policies and procedures at group level, ensuring staff technical
training for the finance department and ensuring that group
companies file regular VAT returns.
Mr. Nicolaas Paardenkooper, Chief Executive
Officer of Brooge Energy, stated, “We are pleased to welcome Firoze
as independent director of the Company. His financial, regulatory
insight and leadership will be invaluable to Brooge Energy as we
continue to grow our business.”
About Brooge
Energy Limited Brooge Energy Ltd, is a Cayman
Islands-based infrastructure provider now intending to focus on
renewable energy infrastructures and biofuels, next to clean
petroleum products, crude oil storage and related services. The
company conducts its business and operations through its
subsidiaries Brooge Renewable Energy, Brooge Petroleum and Gas
Investment Company FZE, and Brooge Petroleum and Gas Investment
Company Phase 3 FZE (BPGIC). BPGIC, the Company’s primary operating
subsidiary that focuses on midstream oil storage and other
services, is strategically located outside the Strait of Hormuz at
the Port of Fujairah in the Emirate of Fujairah in the UAE. The
Company differentiates itself from competitors by providing
customers with fast order processing times, excellent customer
service and high accuracy blending services with low product
losses. For more information, please visit
at www.broogeenergy.com.
Forward-Looking StatementsThis
press release contains statements that are not historical facts,
including the Company’s anticipated shift towards green energy and
targeted production at BRE’s planned Green Hydrogen and Green
Ammonia plant and constitute “forward-looking statements” within
the meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Such statements reflect
management’s current views based on certain assumptions, and they
involve risks and uncertainties. Actual results, events or
performance may differ materially from the forward-looking
statements due to a number of important factors, and will be
dependent upon a variety of factors, including availability of
labor and other resources needed to for completion of the new
plant, timing of obtaining regulatory approvals needed with respect
to the new facility, the Company’s ability to complete construction
and initiate operations of the new facility on the anticipated
timeline or at all, the Company’s ability to maintain the lease for
the new facility, and other risks described in public reports filed
by Brooge Energy with the U.S. Securities and Exchange Commission.
Readers are cautioned not to place undue reliance upon any
forward-looking statements, which speak only as of the date made.
Brooge Energy does not undertake any obligation to update or revise
the forward-looking statements, whether as a result of new
information, future events or otherwise.
Investor ContactKCSA Strategic
CommunicationsValter Pinto, Managing Director+1 212-896-1254
BROG@kcsa.com
Brooge Energy (NASDAQ:BROG)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Brooge Energy (NASDAQ:BROG)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024