Business
Board Changes & Withdrawal of GM Requisitions
Board Changes & Withdrawal of GM Requisitions.
About this update from Buccaneer Energy Plc
[{"type":"text","content":"\n \n \n RNS Number : 7719E\n Nostra Terra Oil & Gas Company PLC\n 03 March 2020\n \n \n \n \n 3 March 2020\n \n \n \n \n \n Nostra Terra Oil and Gas Company plc\n \n \n (\"Nostra Terra\" or the \"Company\")\n \n \n \n \n \n Board Changes & Withdrawal of GM Requisitions\n \n \n \n \n \n Nostra Terra (AIM: NTOG), the oil & gas exploration and production company with a portfolio of development and production assets in Texas, USA, is pleased to announce \n the following changes to the composition of the board of the Company (the \"Board\"), effective 3 March 2020. \n \n \n \n \n \n Overview\n \n \n \n \n \n · \n Andrew Morrison appointed as Non-Executive Chairman for 12 months*\n \n \n · \n Stephen Staley \n appointed as a Non-Executive Director, transitioning to Non-Executive Chairman in 12 months' time* \n \n \n · \n Reconstituted Board comprises;\n \n \n o \n Andrew Morrison (Non-Executive Chairman)\n \n \n o \n Matthew Lofgran (CEO)\n \n \n o \n Stephen Staley (Non-Executive Director)\n \n \n o \n John Stafford (Non-Executive Director)\n \n \n \n \n \n The reconstituted Board will immediately conduct a review of all aspects of the business, including on remuneration and operations. All Directors will be proposed for re-election at the next AGM of the Company and Matt Lofgran commits to remain as President of the Company's subsidiary, New Horizons Energy 1 LLC, for six months should he cease to act as a Director of the Company at any time (together, the \"Commitment\").\n \n \n \n \n \n * Subject to re-election as set out above\n \n \n \n \n \n Background information on Mr Morrison and Dr Staley\n \n \n \n \n \n Andrew (Andy) Morrison is an outcome‐focused Chairman and Chief Executive Officer of growth businesses with successful experience in both major multi‐national corporations and smaller public companies. He has a background in strategic business development combined with technical literacy, an entrepreneurial mind‐set and a reputation for addressing and resolving challenging commercial situations. He is currently Chairman of Spinnaker Opportunities Plc., a LSE Main Market Standard Listed cash shell pursuing an acquisition in the medicinal cannabis sector. Through his work with Spinnaker and in prior r...