20th Jan 2020 17:22
(Alliance News) - AIM-listed Sound Energy PLC on Monday said Exploration Director Brian Mitchener will leave at the end of March.
The Moroccan-focused gas company explained that the move is a part of its planned preparations for the forthcoming potential partial divestment of Eastern Morocco portfolio.
Sound Energy said Mitchener has agreed to accept shares in the company in settlement of termination of his employment contract. As a result, Sound Energy said it expects to issue new shares, worth GBP107,983.
"I am grateful to Brian for his leadership of our exploration programme and his continued support of our orderly handover of executive responsibilities for this next important phase of our development," said Chair Marco Fumagalli.
Sound Energy shares closed flat in London on Monday at 1.85 pence each.
By Evelina Grecenko; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
Sound Energy