RNS Number : 9367E
Saffron Energy PLC
15 February 2018
 

15 February 2018

 

Saffron Energy Plc

 

("Saffron Energy" or the "Company")

 

 

Proposed Director Appointment and Trading Restoration

 

 

The Company is pleased to announce that it will be introducing Mr. Ilham Habibie at this evening's Coro Energy launch event.  Ilham is a well-known Indonesian businessman with over 25 years of experience in energy and aeronautics industries. It is the Company's intention to appoint Ilham Habibie to the Board as soon as practicable, subject to customary NOMAD checks and due diligence.

 

As previously announced, the Company expects the shares to be restored to trading on AIM on or around 16th February 2018 following the publication of the Admission Document and posting of a circular to shareholders.

 

 

James Parsons, Saffron's Chairman, commented

 

"I look forward to introducing Ilham, who I have known for many years, to investors and to welcoming him to the Board in due course.  His appointment reinforces the centrality of South East Asian gas to our new strategy, and he is the first of a number of high profile appointments we intend to reveal in the coming weeks.

 

Coro Energy, with its new Board, advantaged access to capital and new direction is now initiating its South East Asian gas journey."

 

 

For further information please contact:

 



Saffron Energy plc / Coro Energy plc

 

Sara Edmonson, Chief Executive Officer

 

James Parsons, Non-Executive Chairman

 

 

s.edmonson@coroenergyplc.com

 

j.parsons@coroenergyplc.com

 



Grant Thornton UK LLP (Financial and Nominated Adviser)

 

Colin Aaronson

 

Jen Clarke

 

Harrison J Clarke

 

 

Tel: 44 (0)20 383 5100

Turner Pope Investments (TPI) Ltd (Broker)

 

Ben Turner

 

James Pope

Tel: 44 (0)20 3621 4120

 

info@turnerpope.com

 

 

 

 

 



 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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