Business
Appointment of Nikolay Ivin as Chairman
Nostrum Oil & Gas PLC announced that Stephen Whyte retired as Chairman of the Board and director, effective October 16, 2025. Concurrently, the Board of Directors appointed Nikolay Ivin as the new Chairman, also effective October 16, 2025. Mr. Ivin previously served as a Nostrum board director since July 15, 2025. These board changes have received consent according to the warrant instrument dated February 9, 2023, related to the company's share warrants. The company intends to reconstitute the Board and its committees following additional director appointments to comply with the warrant instrument's provisions, considering the maturity of the Group's Senior Secured Notes and Senior Unsecured Notes due in June 2026. Disclaimer*
About this update from Nostrum Oil & Gas Plc
[{"type":"text","content":"\n\n \n \n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION\n\n\nFOR IMMEDIATE RELEASE\n \nLondon, 17 October 2025\n \nRetirement of Stephen Whyte and Appointment of Nikolay Ivin as Chairman\nNostrum Oil & Gas PLC (LSE: NOG) (\"Nostrum\" or the \"Company\"), an independent mixed-asset energy company with world-class gas processing facilities and export hub in north-west Kazakhstan, today announces that Stephen Whyte has retired as Chairman of the Board of Directors and as a director of the Company effective 16 October 2025. The Company also announces that the Board of Directors has appointed Nikolay Ivin as the new Chairman of the Board effective 16 October 2025. \nAs announced at the time of his appointment as a Nostrum board director on 15 July 2025, Mr Ivin has broad expertise in corporate finance across emerging markets, as co-founder and Managing Partner of Ziff-Ivin Associates Ltd, a UK-based financial advisory and management consulting practice. Mr Ivin has worked on financial advisory and restructuring assignments for international investors and companies all over Central and Eastern Europe, as well as Cyprus, Iceland, Kazakhstan, the Netherlands and the UK. Mr Ivin's prior professional experience includes roles at Houlihan Lokey (Europe), Citigroup Corporate and Investment Bank (EMEA) and GE Capital (USA). Since 2021, Mr Ivin has also been serving as an independent supervisory board member of DTEK Energy B.V., an integrated energy and mining group.\nThese changes to the Board have received relevant consent in accordance with the requirements of the warrant instrument dated 9 February 2023 constituting the Company's share warrants. The Company proposes to re-constitute the composition of the Board and relevant committees of the Board following additional appointments of directors in due course so as to comply with the relevant provisions of the warrant instrument.\nMartin Gudgeon, director, said:\n\"The directors take this opportunity to thank Steve Whyte for his many contributions to the Company's development and guidance of the Nostrum Board during his tenure as Chairman, and to congratulate and welcome Nick Ivin as he assumes t...