14th Feb 2023 19:37
Nostrum Oil & Gas PLC - Independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin - Says Atul Gupta stepped down as executive chair from the board. Appoints Stephen Whyte as independent chair and a non-executive director. Says that Whyte is an experienced FTSE and AIM chair and non-executive director in the global energy sector with experience in Kazakhstan.
"I am pleased that Nostrum has attracted such a high caliber new board of directors to support our strong executive team. I am confident they will play an important role in helping to unlock the value of the group's world-class gas processing infrastructure in Kazakhstan whilst guiding the executive team in safeguarding the base business," Chair Stephen Whyte comments.
Current stock price: 29.00 pence, closed up 18% on Tuesday in London
12-month change: up sharply from 0.46 pence
By Abby Amoakuh; Alliance News reporter
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