TIDMPVR
Press Release
Providence Resources P.l.c.
Significant Strengthening of Board to Progress Barryroe
Project
Dublin and London -- 22 July - Providence Resources P.l.c. (PVR
LN, PRP ID), the Irish based resource development company
("Providence" or the "Company"), announces a significant
strengthening of its Board, as part of moving forward with the
Barryroe offshore work programme. Peter Newman and Ann-Marie
O'Sullivan will join the Board of Providence at the conclusion of
today's AGM.
Peter Newman
For over 30 years, Peter Newman has been a leading financial and
business strategist, providing counsel to some of the world's major
energy companies. Peter was Global Head of Oil and Gas with
Deloitte for 7 years. During his time leading the Deloitte team, he
worked with global energy companies including Shell and Perenco.
Prior to joining Deloitte, Peter was a Partner and Head of Oil and
Gas for the EMEIA Region with Arthur Andersen.
Peter has significant Board experience in the energy sector. He
is a Director of the Addax and Oryx Group (AOG). AOG is an
entrepreneurial investment group that has pioneered energy
development in Africa and the
Middle East. Peter chairs the AOG Audit Committee and has helped drive strategy for the business. Peter also chairs the Audit and Corporate Governance Committees at Toronto-listed Forza Petroleum, where he has provided oversight of exploration activities in the Middle East and offshore West Africa, and operated development and production in Kurdish Iraq. Peter sits on the Board and Chairs the Audit Committee of Motor Fuel Group (MFG), the UK's largest independent petrol forecourt operator with over 900 sites. Peter is also currently a Director of Eclipse Shipping, where he also Chairs the Audit Committee.
Peter has played a wide-ranging role in the oil and gas industry
in the UK and further afield, having held leadership roles in the
Energy Institute, the World Petroleum Council. He is a Fellow of
the Institute of Chartered Accountants in England and Wales and an
Honorary Fellow of the Energy Institute. He was central to the
establishment of the Energy Institute through a merger between the
Institute for Energy and the Institute of Petroleum. He is a
Chartered Environmentalist with the Society for the Environment and
served as Trustee and Hon. Treasurer at WaterAid, the international
development charity. He holds an MA Geography from the University
of Oxford.
Peter joins the Board as Senior Independent Non-Executive
Director and will Chair the Audit Committee.
Ann-Marie O'Sullivan
Ann-Marie O'Sullivan is one of the best known and most highly
regarded communications professionals in the Republic of Ireland.
She is founder and Chief Executive of AM O'Sullivan PR Ltd, a
leading strategic communications consultancy headquartered in Cork,
the nearest city to the Barryroe oil and gas field.
Ann-Marie has held a number of senior Board positions with
leading organisations including Dublin Airport Authority (daa plc),
the operator of Dublin and Cork Airports, Cork Chamber (of
Commerce) and the Public Relations Consultants Association of
Ireland. She is a Board member of Mercy University Hospital, a
member of the Cork Airport Development Council, and is the current
Chair of the UCC Alumni Board. Ann-Marie has also served on the
Board of several leading 'not for profit' organisations in the Cork
region.
Ann-Marie graduated from UCC in 1988 with an Honours BComm.
degree. She was conferred with the title of Life Fellow of the
Public Relations Institute of Ireland in December 2020, the highest
honour the Institute can bestow on a member and she is a member of
the Institute of Directors (MIoD).
Ann-Marie will join the Nominations Committee of the Board.
Providence Resources new Chair, James Menton, welcomed the
addition of Ann-Marie and Peter to the Board:
"Providence Resources is now moving forward with the development
of the Barryroe oil and gas field. This will not only be
transformational for Providence, it will also provide major
benefits to Ireland and to the Cork region, as the country
transitions to a low carbon economy.
These new appointments significantly strengthen our team. Peter
has near unrivalled experience in the energy industry with a
particular speciality in the financing of energy companies. This
skill is obviously crucial to Providence as we undertake this major
project.
Ann-Marie brings significant strategic communications and
stakeholder engagement expertise to the Board. She is also a leader
in the business and broader community in the Cork region. As we
look to further build our stakeholder network in the region and
beyond, her insights will be hugely important to us.
These are important Board appointments and I look forward to a
further strengthening of the Board in the coming months.
ENDS
AIM Disclosures
Mr. Peter Newman (a British citizen, aged 66 years) has held the
following directorships and/or partnerships in the past 5
years:
Current: Past:
----------------------------- ---------
The Addax & Oryx Group plc Water Aid
----------------------------- ---------
CD & R Firefly Holdco Ltd*
----------------------------- ---------
CD&R Tiger Jersey Holdco Ltd*
----------------------------- ---------
Forza Petroleum Limited
----------------------------- ---------
Eclipse Shipping Limited
----------------------------- ---------
*Parent companies to Motor Fuel Group (MFG)
The Company confirms that there is no other information that is
required to be disclosed in accordance with Rule 17 Schedule 2
paragraph (g) of the AIM Rules for Companies and Rule 5.22 (b),
Schedule 2 paragraph (g) of Chapter 5: Additional Rules for the
Euronext Growth Market operated by Euronext Dublin.
Ms. Ann-Marie O'Sullivan (an Irish citizen, aged 53 years) has
held the following directorships and/or partnerships in the past 5
years:
Current Past
------------------------------ -------
AM O'Sullivan PR daa PLC
------------------------------ -------
Mercy University Hospital Cork
------------------------------ -------
UCC Alumni Board
------------------------------ -------
The Company confirms that there is no other information that is
required to be disclosed in accordance with Rule 17 Schedule 2
paragraph (g) of the AIM Rules for Companies and Rule 5.22 (b),
Schedule 2 paragraph (g) of Chapter 5: Additional Rules for the
Euronext Growth Market operated by Euronext Dublin.
ENDS
INVESTOR ENQUIRIES
Providence Resources P.l.c. Tel: +353 1 219 4074
Alan S Linn,
Chief Executive Officer
Joe Langbroek
Investor Relations
J&E Davy Tel: +353 1 679 6363
Anthony Farrell
Murray Consultants Tel: +353 1 498 0300
Joe Heron
(END) Dow Jones Newswires
July 22, 2021 02:00 ET (06:00 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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