REG - Regal Petroleum PLC - Board appointment

Mon Mar 28, 2011 10:23am EDT

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RNS Number : 7579D
Regal Petroleum PLC
28 March 2011


28 March 2011



("Regal" or the "Company")




The Company is pleased to announce that, following the closing of the increased, recommended partial cash offer made by Energees Management Limited ("Energees Management") on 6 February 2011 and pursuant to the Relationship Agreement entered into between the Company, Energees Investments Limited ("Energees Investments") and JSC Smart Holding UA ("JSC Smart") announced on 3 March 2011, Energees Investments has nominated, and the Company has appointed Oleksii Tymofieiev (alternatively spelt, when translated from the Cyrillic alphabet, Alexey Timofeyev) as an additional Director of the Company with immediate effect. In accordance with the Relationship Agreement, Energees Investments and JSC Smart are entitled to nominate two additional appointees to the Board and any further appointments will be announced at the relevant time.


Mr Tymofieiev is currently First Deputy Chief Executive Officer for Corporate Development and Asset Management of JSC Smart. Prior to joining the Smart Holding Group, Mr Tymofieiev held positions at SJSC Naftogaz Ukrainy (the Ukrainian state oil and gas company), Concern Geo-Alliance UA and SC Ukrgazvydobuvannya, a subsidiary of SJSC Naftogaz Ukrainy


Robert Wilde and Harry Verkuil will continue in their respective roles as Finance Director and Chief Operating Officer of Regal.  Keith Henry will continue in his role as Chairman of Regal and the current, existing Non-Executive Directors of Regal, Adrian Coates and Alastair Graham, will remain in place.


Additional information


Oleksii Tymofieiev, aged 33, is currently a director of the following company:-


JSC Smart Holding UA


In the last five years he has been a director of the following companies:-


JSC Concern Avek UA

LLC Yaroslavtsev & Partners

State Joint-Stock Company Naftogaz Ukrainy

Unex Bank UA*

JSC Ukrtransnafta*

JSC Chernomorneftegaz*

JSC Ukrspetstransgaz*

Concern Geo-Alliance UA


* Relates to the appointment to a supervisory board.


There is no other information that is required to be disclosed pursuant to paragraph (g) of Schedule Two to the AIM Rules for Companies.




For further information please contact:-

Regal Petroleum plc
Keith Henry, Chairman                                      Telephone:        +44 20 7408 9500
Robert Wilde, Finance Director

Strand Hanson Limited
Simon Raggett                                                  Telephone:        +44 20 7409 3494
Rory Murphy


Citigate Dewe Rogerson

Martin Jackson                                                 Telephone:        +44 20 7638 9571

George Cazenove    


This information is provided by RNS
The company news service from the London Stock Exchange
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