DJ Genel Energy PLC: Directorate Change
Genel Energy PLC (GENL)
Genel Energy PLC: Directorate Change
06-May-2021 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014
(MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
=----------------------------------------------------------------------------------------------------------------------
6 May 2021
Genel Energy plc
Directorate Change
Genel Energy plc ('Genel' or 'the Company') announces that Martin Gudgeon and Esa Ikaheimonen have each tendered their
resignation as Director of the Company with effect from the close of the Annual General Meeting later today, and
accordingly the resolutions relating to their re-appointment have been withdrawn. Esa Ikaheimonen remains in his role
as Chief Financial Officer.
Martin Gudgeon was Chairman of the Remuneration Committee and a member of the Audit Committee. Board Committee
memberships are under review and updates will be made when appropriate.
David McManus, Chairman of Genel, said:
"Martin brought a wealth of experience of the financial markets to the Board of Genel, and has been an important part
of our Board discussions. I thank Martin for his valuable contribution to the Company. I also take this opportunity to
thank Esa for his valued and continuing contribution to Genel. As Chief Financial Officer, Esa remains integral to the
further strengthening of Genel's already strong financial position, with robust finances supporting a material dividend
and re-investment in significant growth opportunities."
-ends-
For further information, please contact:
Genel Energy
+44 20 7659 5100
Andrew Benbow, Head of Communications
Vigo Communications
+44 20 7390 0230
Patrick d'Ancona
This announcement includes inside information.
Notes to editors:
Genel Energy is a socially responsible oil producer listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). The Company is one of the largest London-listed independent hydrocarbon producers, with an asset portfolio that positions us well for a future of fewer and better natural resources projects. Genel has low-cost and low-carbon production from the Sarta, Taq Taq, and Tawke licences in the Kurdistan Region of Iraq, providing financial resilience that allows investment in growth and the payment of a material and sustainable dividend, even at a low oil price. Genel also continues to pursue further growth opportunities. For further information, please refer to www.genelenergy.com. -----------------------------------------------------------------------------------------------------------------------
ISIN: JE00B55Q3P39, NO0010894330 Category Code: BOA TIDM: GENL LEI Code: 549300IVCJDWC3LR8F94 Sequence No.: 103286 EQS News ID: 1193135 End of Announcement EQS News Service =------------------------------------------------------------------------------------ Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1193135&application_name=news
(END) Dow Jones Newswires
May 06, 2021 02:00 ET (06:00 GMT)
