The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain. If you have any queries on this, then please contact Steve Boldy, the Chief Executive Officer of the Company (responsible for arranging release of this announcement).
8 September 2021
Lansdowne Oil & Gas plc
("Lansdowne" or the "Company")
Board Changes
Lansdowne Oil & Gas ("Lansdowne" or "the Company"), the independent oil and gas company focussed on offshore Ireland, announces that at the AGM being held later today the following board changes will be announced and will come into effect on 09 September 2021.
Viscount Torrington will step down from the Board with Jeffrey Auld taking over as Non-Executive Chairman of the Company.
In addition Daniel McKeown has been appointed as an independent Non-Executive Director of the Company.
Daniel graduated with a BA Economics & Political Science from the University of Dublin, Trinity College and a Diplôme de Grande Ecole (Commerce), Msc. in Management Science and Diplom-Kaufmann from ESCP Europe, Paris. He has more than 15 years of financial, commercial and operational experience in upstream oil and gas, having worked for Goldman Sachs, Perella Weinberg, SeaCrest Capital, Allied Irish Bank and Azinam Ltd.
Jeffrey Auld, Chairman of Lansdowne, commented:
On behalf of your Board, I would like to express our sincere thanks to Tim for his input and guidance. He has served on the Lansdowne Board since we listed in April 2006 and as Chairman for the last five years. We will miss his experience and wisdom and we wish him continuing good health and fortune.
On behalf of Lansdowne, I am delighted to welcome Daniel McKeown to the Board. His extensive experience in upstream oil and gas will augment the skill set of the Board and we look forward to working with him.
In addition to his appointment to the Board, John Daniel Henry McKeown, aged 39, holds or has held the following directorships or partnerships in the past five years:
| Current Directorships | Previous Directorships |
| - | Rockrose (UKCS2) Limited (Formerly Egerton Energy Ventures Limited) |
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| Azinam South Africa Limited |
Mr McKeown does not currently hold any shares in the Company.
Save for the information above, there are no further disclosures to be made in accordance with Rule 17, Schedule 2(g) of the AIM Rules for Companies in respect of Daniel's appointment.
For further information please contact:
| Lansdowne Oil & Gas plc | +353 1 963 1760 |
| Steve Boldy |
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| SP Angel Corporate Finance LLP | +44 (0) 20 3470 0470 |
| Nominated Adviser and Joint Broker |
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| Stuart Gledhill |
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| Richard Hail |
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| Brandon Hill Capital | +44 (0) 20 3463 5061 |
| Joint Broker |
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| Oliver Stansfield |
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Notes to editors:
About Lansdowne
Lansdowne Oil & Gas (LOGP.LN) is a North Celtic Sea focused, oil and gas exploration, appraisal and development company quoted on the AIM market and head quartered in Dublin.
For more information on Lansdowne, please refer to www.lansdowneoilandgas.com.
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