NOSTRUM OIL & GAS PLC announces changes in Board of Directors

15.02.23 14:09
/KASE, February 15, 2023/ – NOSTRUM OIL & GAS PLC (United Kingdom), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated February 14, 2023: quote Nostrum Oil & Gas PLC (LSE: NOG) ("Nostrum" or the "Company"), an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, announces, following the completion of the restructuring of the Group's US$725 million 8.0% Senior Notes due July 2022 and the US$400 million 7.0% Senior Notes due February 2025, in each case issued by Nostrum Oil & Gas Finance B.V. (the "Restructuring"), the following changes to the Board effective from today, 14 February 2023: - Atul Gupta has stepped down as Executive Chair and from the Board; - Sir Christopher Codrington, Bt, Martin Cocker and Kaat van Hecke have each stepped down from the Board; - Stephen Whyte has been appointed as Independent Chair and a Non- Executive Director; - Martin Gudgeon has been nominated by the trustee of the warrants issued in connection with the Restructuring as the Warrant Director and has been appointed as a Non-Executive Director; - Chris Cox, Christopher Hopkinson and Fiona Paulus have each been appointed as Independent Non-Executive Directors. Arfan Khan remains as the CEO and a Director of the Company. unquote The complete press release is available on KASE website: - – in Russian; - – in English. [2023-02-15]