Angus Energy PLC - UK-focused onshore oil and gas developer - Says that Patrick Clanwilliam has resigned as non-executive chair of the board. Clanwilliam joined the board in 2019, and stepped in as interim chair in August last year. Krzysztof Zielicki, currently a non-executive director, will assume the role of chair on an interim basis until a new chair has been selected.
Chief Executive Officer Richard Herbert says: ‘As chairman, he was closely involved in the successful redevelopment of the Saltfleetby gas field, and in the subsequent refinancing of the company, putting Angus Energy on a secure financial footing to commence the next stage of the company’s development. Paddy had stated his intention to step down at the conclusion of the refinancing project, which was announced last month.’
Current stock price: 0.37 pence, down 0.4% in London on Friday at noon
12-month change: down 74%
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