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Director Appointments

Nostrum Chairman steps down

18 April 2017 13:04

Nostrum Oil & Gas has announced that Mr. Frank Monstrey has resigned from his position as Executive Chairman and as a member of the board, with effect from 17 April 2017.

Mr. Monstrey said:

"I have decided to step down from the role of Executive Chairman of Nostrum as I believe it is in the best interest of the Company to be able to pursue its strategic objectives without the distraction of my involvement in the litigation which was announced on 20 March 2017. I believe the Company has a very important year ahead of it and would not want it to be indirectly impacted or for me personally to be distracted from focusing fully on the Company's objectives. As soon as the litigation has been concluded successfully I fully intend to seek re-election to the Board but in the meantime will focus all my efforts to resolving the litigation as swiftly as possible. In the meantime I wish the Company every success in achieving all its goals, I believe it is in an excellent position to deliver significant value to shareholders in the coming years."

At 1:04pm: (LON:NOG) Nostrum Oil Gas Plc share price was -6.65p at 468.35p

Story provided by StockMarketWire.com

Related Company: NOG

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