Business
Directorate Changes
Directorate Changes.
About this update from Sound Energy Plc
[{"type":"text","content":"\n \nRNS Number : 7778A Sound Energy PLC 23 January 2020 \n\n \n23 January 2020\n \nSound Energy plc\n(\"Sound Energy\" or the \"Company\")\n \nDirectorate Changes\n \nSound Energy, the Moroccan focused upstream gas company, is pleased to announce, further to the Company's announcement of 12 November 2019, the appointment of Mohammed Seghiri as acting Chief Executive and as a director of the Company with immediate effect. \n \nIn addition, as announced on 12 November 2019, the Company continues its process to identify and appoint a Chairman and further announcements in respect of the roles of Chairman and Chief Executive, which are currently performed on an acting basis, will be made, as appropriate, in due course.\n \nPreviously Sound Energy's Managing Director Morocco, Mr. Seghiri has been with the Company for approximately 3 years and has over 18 years' experience in a range of complex sectors, including gas storage, oil & gas exploration, power production and telecoms. Mr Seghiri joined Sound Energy from Oil & Gas Investment Fund S.A., having previously been CEO of Compagnie d'Electricite du Senegal and a Director of Advisory & Finance Group in Morocco. Mr. Seghiri holds a Masters degree in Engineering from Ecole National Superieure des Mines de Nancy. \n \nIn addition to his appointment to the Sound Energy board of directors, Mohammed Seghiri, aged 45, holds or has held the following directorships or partnerships in the past five years. \n \n\n\n\nCurrent\n\n\nPrevious (last five years)\n\n\n\n\n\n\n\n\n\n\n\n\nSoundEnergy Morocco East Limited\nSoundEnergy Meridja Limited\nSoundEnergy Morocco South Limited\nLes Vergers de Targa SARL\nMengouch SARLAU\n\n\nNordic Power AB\nCompagnie d'Electricite du Senegal\nAdvisory & Finance Group SA\nAdvisory and Finance Asset Management SA\nAtlas Wind SA\nCafés Carrion SA\nIndustrie Cotonniere d'Oued Zem ZA\nAl Hourria Telecom SA\n \n\n\n\n \nMr. Seghiri is beneficially interested in a total of 322,092 restricted stock units over new ordinary shares in the Company (\"RSUs\"), of which 126,501 RSUs vest on 1 January 2021 and 195,591 RSUs vest, subject to relevant performance criteria being achieved, on 1 January 2022. In addition, Mr. Seghiri holds 1.5 million options to subscribe for new ordinary shares i...