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Amerisur Resources PLC  -  AMER   

Director's Interests

Released 07:00 16-Dec-2015

RNS Number : 1759J
Amerisur Resources PLC
16 December 2015
 

 

16 December 2015

 

 

Amerisur Resources Plc

 

Director's Interests

 

 

Amerisur Resources Plc ("Amerisur" or the "Company"), the oil and gas producer and explorer focused on South America announces that on 12 December 2015 Mr. Douglas Ellenor, Non-Executive Director of the Company, renounced all of his 300,000 options over new ordinary shares at 0.1p each which he held under the Company's 2013 ("LTIP") scheme. As of 31 December 2015, Douglas Ellenor will have zero LTIP share options in the Company.

 

In addition, on 10 December 2015 Jade Oil & Gas Consulting, which Douglas Ellenor is a shareholder and a Director, terminated its Technical Consulting Services agreement with Amerisur Resources.

 

As a result Douglas Ellenor is deemed an independent Director under the UK Corporate Governance Code of the Financial Reporting Council which sets out standard of best practice and Amerisur Resources will have a total of three independent non-executive Directors.

 

Douglas Ellenor sits on the Remuneration Committee and Audit Committee.

 

ENDS

 

 

 

ENQUIRIES:

 

Billy Clegg/Georgia Mann

Tel: +44(0)203 757 4980

Camarco

 


Daniel Conti/Tristan Lovegrove

Tel: +44 (0)207 653 4000

RBC Capital Markets

 


Chris Sim

Tel: +44 (0)207 597 4000

Investec


 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Director's Interests - RNS