Business
BOARD APPOINTMENT
BOARD APPOINTMENT.
About this update from Afentra Plc
[{"type":"text","content":"\n Sterling Energy PLC\n14 February 2006\n\n\n14 February 2006\n\n STERLING ENERGY PLC\n ('Sterling' or the 'Company')\n\n Board Appointment\n\n\nSterling Energy plc, the AIM listed energy company with activities in the Gulf\nof Mexico and Africa, today announces the appointment of Mr. Christopher\nCallaway as a non-executive director of the Company with immediate effect.\n\nMr. Callaway joined the 'City' in 1973, initially with the London Stock Exchange\nand in 1983, he moved to Capel Cure Myers (subsequently ANZ Merchant Bank) in\nthe role of corporate finance adviser, specialising in small and medium sized\ngrowth companies. He became a partner at Coopers & Lybrand in 1990 before\njoining Beeson Gregory in 1995. Beeson Gregory was subsequently taken over by\nthe Evolution Group in 2002 and on the merger Mr. Callaway became Joint Head of\nCorporate Finance, retiring in December 2004. Since then, Mr. Callaway has been\ninvolved in the flotation of a number of companies of which he is both an\ninvestor and a director.\n\nMr. Callaway will join the Audit, Remuneration and Nominations committees of\nSterling.\n\n\nRichard O'Toole, Chairman of Sterling Energy commented:\n\n'I am delighted to welcome Chris Callaway to the Board of Sterling. His long\nexperience of the City and advising growth companies will be of great benefit to\nSterling as we seek to deploy the significant cash that will shortly begin to\nflow from our investment in the Chinguetti field, offshore Mauritania.'\n\nSave for the declarations below, and the issue to Mr. Callaway of options over\n1,000,000 ordinary shares at 22.5p per share, there are no updated disclosures\nto be made in respect of the appointment of Mr. Callaway under rule 17 and under\nSchedule 2 paragraph (g)) of the AIM rules.\n\n\nCurrent Directorships\n\nMr. Callaway is currently a non-executive director of the following companies:\n\nBETonSPORTS plc Joined May 2005 Aim Quoted\nCCO Capital PLC Joined March 2005 Aim Quoted\nPerspective Capital PLC Joined March 2005 Aim Quoted\nNBCC PLC Joined July 2005 Ofex Quoted\n\nMr. Callaway has also been a director and trustee of Southend on Sea Derby and\nJoan Organisation, a charity, since March 2005.\n\n\nPast Directorships\n\nEvolution Securities Ltd Resigned December 2004\n\n\nFurther information:\n\nSterling Energy plc +44 1582 462 121\nHarry Wils...