20th Sep 2024 20:12
Curzon Energy PLC - London-based oil and gas company - As part of a company voluntary arrangement, Paul Forrest and Richard Glass join board as executive director and non-executive director, respectively. Appointments are effective immediately. Concurrently, Non-Executive Chair John McGoldrick resigns. Scott Kaintz resigns as executive director and is appointed non-executive director. The changes are made as part of the CVA agreed in August, which followed a failed restructuring proposal of GBP3.3 million in loans outstanding.
Richard Glass comments: "We extend our gratitude to John for his perseverance in navigating Curzon Energy through a challenging phase and setting a strong foundation for future growth. The recent board changes represent early steps in shaping the company's next chapter, and we look forward to sharing more updates on our strategic direction and growth plans in due course."
Current share price: 0.042 pence, up 30% in London on Friday
12-month change: down 15%
By Aidan Lane, Alliance News reporter
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