Appointment of Chief Operating Officer (8239X)
21 2월 2012 - 10:00PM
UK Regulatory
TIDMGAS
RNS Number : 8239X
Gasol plc
21 February 2012
Gasol plc
('Gasol' or the 'Company')
Appointment of Chief Operating Officer
Gasol (AIM: GAS) is pleased to announce the appointment of Alan
Buxton as its Chief Operating Officer with immediate effect. Mr.
Buxton joins the Board of Gasol from Standard Bank plc where he was
a Managing Director and Global Head of its Power and Infrastructure
Group, with responsibility for building the bank's franchise into
several territories, including Africa, advising clients on a number
of domestic and cross-border transactions.
Prior to working with Standard Bank plc he was a core member of
Royal Bank of Canada's Infrastructure Finance Group, having joined
in 2000, and over the following eight years built it into a
significant business with gross revenues of C$250 million. Mr.
Buxton joined Royal Bank of Canada from National Power plc where
for three years he led the evaluation and acquisition of generating
assets in Europe, the Middle East and India; and was responsible
for all aspects of project management, including construction,
operations, power offtake, financing, risk assessment and
shareholder returns.
Ewen Wigley, Gasol's former Chief Operating Officer, will remain
a Director of the Company and work on a part time basis with Mr.
Buxton to assist with the delivery of Gasol's strategy. For the
remainder of his time Mr. Wigley will return to Gasol's major
shareholder, African Gas Development Corporation Ltd, where he will
serve as its Head of Corporate Development.
Commenting on the appointment Mr. Wigley said: "Having refocused
the Company's strategy and set it on its development path, I am
pleased to welcome Alan to Gasol. I am sure that he will prove
instrumental in delivering Gasol's strategy, which aims to monetise
stranded gas assets in the Gulf of Guinea particularly focusing on
the developing West African gas-to-power sector."
"Alan brings with him a 25 year track record of highly relevant
sector experience and corporate finance expertise with a particular
specialism in highly regulated international environments."
Commenting on his appointment Mr. Buxton said: "I am delighted
to be joining Gasol at an exciting and pivotal time in its
development. Stranded gas assets in West Africa offer huge
opportunities for the region to take more control of its future and
I am looking forward to delivering Gasol's strategy for growth over
the coming months and years."
In accordance with his service contract, on formally taking up
his duties as a Director of the Company and its Chief Operating
Officer, Alan Buxton has today been granted an option over 15
million shares in the Company, (see Annex 1).
- Ends -
Further details of Mr. Buxton's career history are provided
below.
Enquiries
Gasol plc
Ewen Wigley, Director +44 (0) 20 7290 3300
Panmure Gordon (UK) Limited
Dominic Morley (Corporate Finance)
Callum Stewart (Corporate Finance)
Adam Pollock (Corporate Broking) +44 (0) 20 7459 3600
Pelham Bell Pottinger
Olly Scott +44 (0) 20 7861 3891
In accordance with Rule 17 and Paragraph (g) of Schedule 2 of
the AIM Rules for Companies, further information in relation to the
appointment is set below:
Name: Alan Keith Buxton (Age 48)
No further information is required under the AIM Rules.
Notes to Editors
Alan Buxton
Alan has worked in the banking industry for over 10 years and
was previously Managing Director and Global Head of Standard Bank's
Power and Infrastructure division from 2009, responsible for the
bank's growth in Africa, Brazil and China. From 2000 Alan spent
eight years at the Royal Bank of Canada, where he advised on a
number of mergers and acquisitions and gained considerable
experience in regulatory environments including water, gas and
renewables.
After graduating from Cambridge University, where he read Law,
Alan joined Simmons & Simmons and qualified as a solicitor in
1987. He went on to establish the firm's first Middle Eastern
office in 1993 following his work with the Abu Dhabi government as
a client.
In 1996 he completed his MBA at INSEAD and in 2000 passed his
Securities Institute examinations in securities, financial
derivatives and commodity derivatives.
Annex 1
In accordance with his service contract, on formally taking up
his duties as a Director of the Company and its Chief Operating
Officer, Alan Buxton has today been granted the following options
over the Company's ordinary shares:
Vesting date Number of shares vesting Exercise price
------------------ ------------------------- ---------------
21 February 2012 2,000,000 1 pence
------------------ ------------------------- ---------------
21 February 2012 2,000,000 2 pence
------------------ ------------------------- ---------------
21 February 2012 2,000,000 3 pence
------------------ ------------------------- ---------------
21 February 2013 1,500,000 1 pence
------------------ ------------------------- ---------------
21 February 2013 1,500,000 2 pence
------------------ ------------------------- ---------------
21 February 2013 1,500,000 3 pence
------------------ ------------------------- ---------------
21 February 2014 1,500,000 1 pence
------------------ ------------------------- ---------------
21 February 2014 1,500,000 2 pence
------------------ ------------------------- ---------------
21 February 2014 1,500,000 3 pence
------------------ ------------------------- ---------------
Total 15,000,000
------------------ ------------------------- ---------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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