6 October 2009 - Directorate Changes
For immediate release: 6 October 2009
EnCore Oil plc (‘EnCore’ or ‘the Company’)
Directorate Changes
EnCore is pleased to announce the appointment of Keith Hughes as a Non-Executive Director of the Company. Keith is a senior partner at EnCore’s legal advisors Dewey & LeBoeuf. Keith has advised EnCore since its inception as a private company in April 2005. He brings an extensive background in advising on oil and gas and energy related commercial and asset transactions.
Additionally EnCore has appointed James Clark to the Board as Commercial Director. James was previously EnCore’s Manager of Tax and Commercial, and has played an increasingly important role in leading and managing a number of key commercial and financial transactions for the Company.
Alan Booth, EnCore’s Chief Executive Officer commented:
“I would like to welcome both Keith and James to the Board. Their long standing association with EnCore from its formation in 2005 make them ideally placed to help us continue to deliver on our original strategy of returning value to our shareholders in the most effective ways possible. Both Keith and James have been, and continue to be, significant shareholders in EnCore and reaffirm Directors’ direct alignment with the interests of shareholders.”
The following information is provided pursuant to AIM Rule 17.
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Keith Hughes
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Full name
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Leo Keith Hughes
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Age
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58
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Current Directorships & Partnerships
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81/83 Cadogan Gardens (RMT) Co. Limited
Dewey & LeBoeuf LLP
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Past Directorships & Partnerships
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LeBoeuf, Lamb, Greene & Macrae LLP
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Shareholding in EnCore
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2,200,560 ordinary shares of 5 pence each
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James Clark
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Full name
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James Anthony Clark
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Age
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59
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Current Directorships & Partnerships
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None
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Past Directorships & Partnerships
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None
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Shareholding in EnCore
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2,110,327 ordinary shares of 5 pence each
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Share options in EnCore
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Date granted
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Exercise period
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Number
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Exercise price
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3 March 2006
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3 March 2007 –
2 March 2011
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640,000
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34p
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14 March 2007
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14 March 2008 – 13 March 2012
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850,000
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17p
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5 March 2009
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5 March 2010 –
4 March 2014
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1,000,000
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8.5p
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Click here for a pdf of the announcement
For further information, please contact:
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EnCore Oil plc
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www.encoreoil.co.uk
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Alan Booth, Chief Executive Officer
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+44 (0)20 7224 4546
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Eugene Whyms, Chief Financial Officer
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Yvonne Fraser, Investor Relations Manager
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+44 (0)7957 241408
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Aquila Financial Limited
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www.aquila-financial.com
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Peter Reilly
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+44 (0) 118 979 4100
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Hanson Westhouse Limited
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Tim Feather
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+44 (0) 20 7601 6100
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Matthew Johnson
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Notes to editors:
EnCore Oil plc (LSE:EO.) is an oil and gas exploration and production (E&P) company quoted on AIM.
It is not the Company’s aim to build a full cycle E&P company. The principal strategy is to create shareholder value through the successful exploration and appraisal of prospects and discoveries. The Company will seek to monetise or exchange the asset at the appropriate point in its life cycle and return value directly to shareholders wherever possible.
EnCore has an experienced and proven management team, a number of whom were responsible for the discovery of the Buzzard field in the UK North Sea, which currently produces over 10 per cent. of the UK’s total oil production.
All EnCore’s commercial and material technical evaluations are undertaken in-house by the EnCore team. This brings both continuity to the management and development of the assets and an ownership that is vital to unearth the best and most creative new ideas and opportunities.
www.encoreoil.co.uk
Tuesday, October 06, 2009
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