10th Sep 2007 07:03
Lamprell plc10 September 2007 10 September 2007 LAMPRELL PLC ("Lamprell" or the "Company") APPOINTMENT OF DIRECTOR Lamprell (symbol: LAM), a leading provider of specialist engineering services tothe international oil & gas industry based in the UAE, is pleased to announcethat Mr. Jonathan Silver was appointed as a Non-Executive Director of Lamprellat the Company's Board meeting held on 24th August 2007 pursuant to a nominationreceived from Lamprell Holdings Limited. Lamprell's Articles of Associationstipulate that whilst Lamprell Holdings Limited holds more than 15 percent ofthe issued shares, Lamprell Holdings Limited has the right to request theappointment of one Non-Executive Director of the Company. Jonathan trained and qualified as a solicitor with a leading City of London lawfirm, working first in London and later in the United Arab Emirates. In 1981, hestarted his own practice in the United Arab Emirates and merged that practicewith Clyde & Co in 1989. Jonathan has headed up Clyde & Co's operations in theregion since then overseeing a period of dynamic and continued growth. JonathanSilver has over 27 years of experience working in the Middle East in the areasof international banking and finance, mergers & acquisitions, private equity,project and construction work. This work has involved him in most sectors ofcommercial activity including international trade, energy, construction,shipping, commodities and insurance. Jonathan, through Clyde & Co, has been associated with the Lamprell Group formore than 17 years providing legal advice on numerous matters including therecent IPO. Jonathan (age 54) does not hold any shares in the Company. Speaking on the appointment of Jonathan Silver, Peter Whitbread, Chairman andCEO said: "We are delighted to welcome Jonathan Silver to the Board of the Company,Jonathan's experience and knowledge of the Middle Eastern region's legal regimeand his association with the Group over a number of years through Clyde & Co,one of the Company's legal advisers, will be a great advantage and we lookforward to working with him as Lamprell continues to grow." Jonathan Silver is currently a Director of the following company: Company Date of appointment International General Insurance Holdings Limited 9 April 2007 Save as set out above, there are no other matters under Rule 17 or paragraph (g)of Schedule 2 of the AIM rules to be disclosed. Enquiries: Lamprell plc (+44 20 7638 9571)Peter Whitbread, Chairman and Chief Executive OfficerDavid Moran, Chief Operating Officer JP Morgan Cazenove, London (+44 20 7588 2828)Nick GarrettMalcolm Moir Citigate Dewe Rogerson, London (+44 20 7638 9571)Media enquiries: Martin Jackson/George CazenoveAnalyst enquiries: Scott Fulton Notes to editors • Lamprell, based in the UAE, has played an increasingly prominent role in the development of the offshore industry in the Arabian Gulf for over 30 years, in later years providing specialised services to the offshore oil and gas industry. • Lamprell's two primary facilities are in Port Khalid, in the Emirate of Sharjah, and in the Jebel Ali Free Zone, in the Emirate of Dubai, both of which are in the UAE • The principal markets in which Lamprell operates, and the principal services it provides, are: - Upgrade and refurbishment of offshore jackup rigs; - New build construction for the offshore oil and gas sector, including FloatingProduction, Storage and Offloading systems and other offshore and onshore structures; and - Oilfield engineering services, including the upgrade and refurbishment of landrigs. • Lamprell has grown strongly over the last three years, driven by buoyant conditions in the oil and gas industry and the increase in capacity with the opening of its facility in the Jebel Ali Free Zone in 2002. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
LAM.L