8 April 2010
Europa Oil & Gas (Holdings) plc ("Europa" or the "Company")
Appointment of Chairman
The Directors of Europa Oil & Gas (Holdings) plc are pleased to announce that
Bill Adamson OBE, 61 has joined the company as non executive Chairman with
effect from yesterday.
Bill has had a longstanding career in the energy industry with BG Group Plc
managing all aspects of large gas businesses including CNG, power generation,
joint venture management, corporate governance and risk and safety management.
He was the Chairman and CEO of MetroGas S.A., Argentina's post-privatisation
leading gas utility, Vice President and General Manager of BG Group's UK
Downstream and most recently Managing Director BG India where he managed a
portfolio of Upstream and Downstream businesses. Bill is a Chartered Engineer
and holds an Honours Degree in Gas Engineering from the University of Salford.
Bill is a non-executive director of Composite Energy.
In connection with his appointment, Bill has been granted 250,000 options over
ordinary shares in the Company. All the options have an exercise price of 14p
and a 10 year life. One third of the options are exercisable after 18 months, a
further third after 30 months and the balance after 42 months. Bill is entitled
to a further 250,000 options to be granted in the fourth quarter of 2011 at the
market price at the date of issue.
Paul Barrett, Managing Director of Europa, commented "I am delighted to welcome
Bill to Europa. He has exceptional experience which will be of huge benefit to
the Company as we move forward on developing our assets in UK, Romania and
France. It is a measure of the potential of those assets that we have been able
to attract someone of Bill's stature to Europa. I look forward to working with
him on our exciting portfolio of projects. On behalf of the Board I would like
to thank Sir Michael Oliver for his huge contribution since Europa was admitted
to AIM in 2004. I wish him well in his retirement."
Current Directorships & Partnerships:
Composite Energy Ltd.
Previous Directorships & Partnerships held in the last five years:
Premier Power Ltd.
Mahanagar Gas Limited
Gujarat Gas Company Limited
BG India Exploration and Production Ltd.
Emerald Gas Ltd.
BG India
BG India Trading
Interconnector (UK) Limited
Seabank Power Limited
BG Gas Services Limited
Homepower Services Limited
Microgen Holdings UK Limited
Microgen Manufacturing Limited
Dragon LNG Group Limited
Dragon LNG Limited
Dragon LNG Holdings Limited
Save for the information disclosed above there is no other information required
to be disclosed under Schedule 2(g) of the AIM Rules.
For further information, please contact:
Paul Barrett, Europa Oil & Gas +44 1235 553 266
Lindsay Mair / Toby Gibbs, Astaire Securities +44 20 7448 4400