3rd Mar 2006 14:00
Forum Energy Plc03 March 2006 03 March 2006 Forum Energy Plc ('Forum' or 'the Company') Appointment of Chief Financial Officer The Company announces that Cameron Pearce has been appointed as Chief FinancialOfficer of the Company. He has also been appointed to the Board of Forum withimmediate effect. Cameron (aged 34) has gained relevant industry experience in his previous rolesas Financial Controller for three AIM listed companies: Celtic ResourcesHoldings plc, Eureka Mining plc and Victoria Oil and Gas plc. Cameron joinedCeltic Resources Holdings plc in September 2004 and was Financial Controller ofall three companies. He previously worked as a chartered accountant for BearStearns International Limited, Henderson Investors Limited, RabobankInternational and KPMG Australia. Cameron replaces David Thompson on the Board of Forum as of today. David, whohaving been instrumental in the formation and flotation of the Company in 2005,is leaving the Company to return to his home in Bermuda and concentrate on hisother business interests there. David will remain with the Company until 30 April 2006 and will assist with theaudit of the Group's accounts for the period to 31st December 2005, thepreparation of the annual report and related work. David's options over 270,000ordinary shares will become fully vested on 9 August 2006 and shall remainexercisable up to 9 February 2006 under the Option Scheme Rules. Commenting on the announcement David Robinson, Chief Executive of Forum said: "We are delighted to be announcing Cameron's arrival at such an important stagein the development of the Company. His experience within the industry willenable him to make a valuable contribution to our management team as we continuethe progress that the Company has made since admission to AIM. I would also liketo thank David Thompson for the important part he played in ensuring Forum'ssuccessful admission to AIM, and we wish him well." Following the appointment of Cameron to the Board, the Company announces that ithas granted options over 300,000 ordinary shares in the capital of the Companyto Cameron, at an exercise price of £1.20 per ordinary share of 10p per share.The options were granted under the Forum Energy Share Option Plan. The optionswill be exercisable from 3 February 2008 and will lapse on 3 February 2006. Theoptions are exercisable earlier in certain circumstances, as set out in theScheme Rules. For further information please contact: David Robinson, Chief Executive, Forum Energy Plc: +44 (0) 19 3244 5346 Adam Westcott, Noble & Company Limited: +44 (0) 131 225 9677 Ian Foster, First City Financial Public Relations: +44 (0) 20 7436 7486 +44 (0) 7739 185 050 Or visit the Company's website: www.forumenergyplc.com Additional information Cameron Pearce In accordance with Schedule 2 (g) of the AIM Rules, the following information inrelation to the appointment of Cameron William Leslie Pearce (age 34) as adirector of Forum is disclosed: Current directorships and partnerships: Peruzzi Management Solutions Ltd, Secretary Directorships and partnerships held in the past five years: None Save for the information disclosed above there is no other information fallingto be disclosed under Schedule 2(g) of the AIM Rules. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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