Company News

Lekoil Change of Guards, George Maxwell steps down as CEO of the Company


Published: Thursday April 15, 2021
By: Oilfield Africa Review

Lekoil, the oil and gas exploration and production company with a focus on Nigeria and West Africa has announced the following Board change.

George Maxwell, an independent non-executive director of the Company, has tended his resignation to focus on his new role as CEO of VAALCO Energy, Inc., Mr. Maxwell will be stepping down from his committee memberships later this week but has indicated that he is willing to remain on the board until 30 April 2021 (if required) to ensure an orderly transition.

Further to the Company’s announcement of 8 January 2021, the following details in relation to the appointment of Thomas Donald Richardson (aged 39) are disclosed in accordance with Schedule 2(g) of the AIM Rules:

As at the date of this announcement Mr Richardson holds no ordinary shares of US$0.00005 par value each in the share capital of the Company.

Mr. Richardson is the Chief Executive Office of Metallon Corporation which holds 81,000,000 ordinary shares of US$0.00005 par value each in the Company.

The following details in relation to the appointment of Michael Onochie Ajukwu (aged 64) are disclosed in accordance with Schedule 2(g) of the AIM Rules:

As at the date of this announcement Mr Ajukwu holds no ordinary shares of US$0.00005 par value each in the share capital of the Company.

The following details in relation to the appointment of George Walter Mitchell Maxwell (aged 55) are disclosed in accordance with Schedule 2(g) of the AIM Rules:

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As at the date of this announcement Mr Maxwell holds no ordinary shares of US$0.00005 par value each in the share capital of the Company.

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