Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Result of EGM

16th Feb 2011 14:25

RNS Number : 3526B
Jubilant Energy N.V.
16 February 2011
 



Jubilant Energy N.V.

("Jubilant" or the "Company")

 

 

Result of EGM and Appointment of Non Executive Director

 

Jubilant is pleased to announce that, at the Extraordinary General Meeting of the Company held today, the resolution for the appointment of Mr Shahzaad Siraj Dalal as a Non Executive Director of Jubilant was put to the meeting and was duly passed.

 

Consequently, and as announced on 17 January 2011, Mr Shahzaad Siraj Dalal has been appointed as a Non Executive Director of Jubilant, effective immediately.

 

 

Mr. Shyam Sunder Bhartia, Chairman of Jubilant Group commented:

 

"We are delighted to welcome Mr Shahzaad Siraj Dalal to the Board of Jubilant. He has a wealth of experience across a wide range of industries, including oil and gas. His appointment further deepens the industry expertise within the Company and his knowledge and understanding in overall planning and raising of resources in infrastructure projects will be an invaluable resource for the Company as it embarks upon the next stage of its development. We look forward to working with him"

 

 

16th February 2011

 

 

For further information please contact:

 

Jubilant Energy

 

+91 120 402 5700

Ajay Khandelwal, Vipul Agarwal, Rini Kalra

 

Evolution Securities

+44 20 7071 4300

Rob Collins, Matthew Tyler

Renaissance Capital

+44 20 7367 7777

Hasnen Varawalla, Simon Matthews

College Hill

+44 20 7457 2020

Simon Whitehead, Nick Elwes

 

 

About Jubilant

 

Jubilant Energy N.V. is a holding company for a group of companies engaged in the upstream oil and gas exploration and production sector with a portfolio of interests in exploration, development and production assets. The group holds interests in nine blocks in India, one of which is producing field, one under appraisal and development and rest of the blocks are in various stages of appraisal and exploration. The group has sole operator responsibilities in six of these blocks.

 

Jubilant's principal strategy is to create sustainable shareholder value by building and exploiting its diverse portfolio of exploration, development and producing oil and gas assets focusing primarily on India. In particular, Jubilant will seek to monetise the value of its reserves and convert its resources to reserves through focused and economical appraisal and development. The Company intends to seek to maintain a balanced portfolio of production, development and exploration assets, with diversity across fields and basins, hydrocarbon-type, as well as a diverse set of risk/reward profiles.

 

The Company listed on AIM on 24th November 2010 and is part of the Jubilant Bhartia Group, a prominent diversified Indian business group founded by Shyam Bhartia and Hari Bhartia with a presence in over 65 countries and revenues of around US$1 billion for FY 2010

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
REGSFLFLMFFSEEE

Related Shares:

JUB.L
FTSE 100 Latest
Value8,774.65
Change-17.15