Sound Energy, the Moroccan focused upstream gas company, announced on 14 May 2019 that David Clarkson, a non-executive director of the Company, had informed the Company of his intention to step down from the Board on 13 August 2019 following a transitional period around the appointment of a new non-executive director. Following the appointment of Simon Davies as non-executive chairman of the Company on 23 May 2019, David Clarkson has resigned, as planned, as a director of the Company with immediate effect.
The Company also announces, further to the Company's announcement of 23 January 2018, that the Board has asked James Parsons, the Company's Chief Executive Officer, and he has agreed to remain in his current role whilst the Company continues to explore monetisation options available to the Company in respect of its Eastern Morocco portfolio. This marketing process is ongoing and the Company continues to expect the results to be known prior to the end of 2019.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
Create your account: sign up and get ahead on news and events
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...
Proactive Investors oil and gas correspondent Jamie Ashcroft spoke to Andrew Scott as shares in the Morocco-focused gas junior Sound Energy PLC (LON:SOU) enjoyed a 25% rise this week after the company issued five stock market statements in five days.
The daily communications included...