Corcel PLC
("Corcel" or the "Company")
Board Update
18 September 2024
Corcel Plc (London AIM: CRCL), the pan Angola-Brazil focused exploration and production company announces that further to the announcement of 12 July 2024, the company confirms Mr. Scott Gilbert's regulatory checks have been completed and that he will be joining the board with immediate effect.
The Board of the Company will therefore consist of:
Executive Directors:
Mr. Scott Gilbert - Chief Executive Officer
Ms. Geraldine Geraldo - Chief Commercial Strategy Officer
Non-Executive Directors:
Mr. Andrew Fairclough - Interim independent Non-executive Chairman
Mr. Pradeep Kabra - Independent Non-Executive Director
Mr. Antoine Karam - Non-Executive Director
Mr. Yan Zhao - Non-Executive Director
Mr. Gilbert currently has disclosed the following interests in the Company:
|
Directors |
Ordinary Shares |
Total Shares |
% of Issued Share Capital |
Warrants |
Options |
|
|
|
Direct |
Indirect |
|
|
|
|
|
Scott Gilbert |
- |
25,000,000 |
25,000,000 |
1.02% |
Nil |
31,490,580 |
The following information is disclosed pursuant to paragraph (g) Schedule two of the AIM Rules for Companies.
Scott Gilbert (aged 39) directorships and partnerships in the last five years are as follows:
Current Directorships:
Group de Clermont Limited
De Clermont Capital Limited
Sagitta Energy Limited
DCC Latam Limited
DGJB Holdings Limited
Past Directorships:
Ingwe Power Limited
GDC Energy Limited
AOT International Limited
AOT Manufacturing Limited
Conterp Group plc
Swala Oil and Gas (Tanzania) Limited
Related Party Interests:
Mr. Gilbert also indirectly owns a 1.25% interest in Apex Petroleum Exploration Worldwide Limited, an entity which retains a 10% carried interest in the Company's three exploration blocks in Angola, namely, KON-11, KON-12 and KON-16, as announced on 24 May 2023.
There is no further information to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM Rules.
For further information, please contact:
Scott Gilbert Corcel Plc CEO
James Joyce / James Bavister /Andrew de Andrade WH Ireland Limited NOMAD & Broker
0207 220 1666
Patrick d'Ancona Vigo Communications IR
0207 3900 230
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
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