Tower Resources PLC Board Changes (4895A)
30 Settembre 2020 - 8:00AM
UK Regulatory
TIDMTRP
RNS Number : 4895A
Tower Resources PLC
30 September 2020
30 September 2020
Tower Resources plc
Board Changes
Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)),
the AIM listed oil and gas company with its focus on Africa,
announces the following board changes with immediate effect.
The Company is pleased to announce that Paula Brancato has
agreed to join the board as an independent Non-Executive Director.
Paula is an investment advisor with Barnum Financial Group in New
York, where she works with clients and also in new venture and
market development. Paula holds an MBA from Harvard Business School
and FINRA qualifications in the US as both a broker and investment
advisor, as well as being a member of the CFA Society New York.
Paula will also serve as Chair of the Audit Committee.
The Company also announces that David M Thomas, Non-Executive
Director, has decided to step down from the board to pursue his
other business interests, notably his interest in Orion Energy plc.
The board would like to thank David for his contribution to Tower
since joining in 2017, during which time Tower completed its
G&G work on the Njonji structure, planned and designed the
NJOM-3 well, and prepared the drilling site for the well itself, in
addition to obtaining the PEL-96 license in Namibia. The board
wishes him the very best in his future endeavours.
Jeremy Asher, Chairman and CEO, commented: "We are delighted to
welcome Paula to the board, even as we are sorry to say goodbye to
David. Paula will fill a gap left by Graeme Thomson last year, for
a well qualified financial professional to oversee our audit
committee, and she will also bring a fresh set of eyes to all of
our commercial and risk management. We anticipate further additions
to the board as we ramp up operations again after the pandemic,
which we hope will be soon."
Paula Concetta Brancato, also known as Paula Concetta Fritsch,
(age 63), currently has no other Directorships and has held none
during the past five years.
There are no further disclosures required under Schedule 2(g) of
the AIM Rules for Companies.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
Contacts
Tower Resources plc +44 20 7157 9625
Jeremy Asher
Chairman and CEO
Andrew Matharu
VP - Corporate Affairs
SP Angel Corporate Finance
LLP
Nominated Adviser and
Joint Broker + 44 20 3470 0470
Stuart Gledhill
Caroline Rowe
Turner Pope Investments
(TPI) Limited
Joint Broker
Andy Thacker
Zoe Alexander + 44 20 3657 0050
Panmure Gordon (UK) Limited
Joint Broker
Nick Lovering
Hugh Rich + 44 20 7886 2500
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END
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