18 September 2007
Lansdowne Oil & Gas plc (“Lansdowne” or “the Company”)
Appointment of Non-Executive Director
Lansdowne Oil & Gas plc (“Lansdowne ” or “the Company”) announces that it has appointed Steven George Lampe (aged 48) to the Board of Lansdowne as a Non-Executive Director with immediate effect.
Steven Lampe is an investment manager based in New York, USA. He has been appointed a member of the Audit and Remuneration Committees.
Steven Lampe is managing member of Lampe, Conway & Co LLC, a limited liability company organized in the state of Delaware. Lampe, Conway & Co LLC is the investment manager of LC Capital Master Fund Limited (“LC”), which holds 5,225,000 ordinary shares in Lansdowne, representing 25.1 per cent. of the issued share capital and the voting rights of the Company.
LC also holds an option to acquire up to 12,723,308 ordinary shares in Lansdowne from Ramco Hibernia Limited, a wholly-owned subsidiary of Ramco Energy plc. The option can be exercised in whole or in part up to 26 June 2010 at an exercise price equivalent to the average of the closing price of a share in Lansdowne for the 20 days prior to the date of exercise (the Option) at any time within the exercise period. LC cannot exercise the Option in part over less than 3,000,000 Lansdowne shares.
Steven Lampe is beneficially interested in 196,078 ordinary shares in Lansdowne, representing 0.94 per cent. of the issued share capital and the voting rights of the Company. He is also non-beneficially interested, through LC, in 5,225,000 ordinary shares in Lansdowne, representing 25.1 per cent. of the issued share capital and the voting rights of the Company.
Mr Lampe has confirmed that there are no other matters to be disclosed in relation to Schedule 2 (g) of the AIM Rules.
John Greenall, Lansdowne’s Chairman said:
We are delighted to welcome Steve Lampe on to the Board. He brings a great deal of experience in capital markets and his skills will complement those of the existing Board members
|Lansdowne Oil & Gas plc|
|Chris Moar||Director||01224 352 200|
Lansdowne Oil and Gas plc
Arnhall Business Park
Tel: +44 (0)1224 748480
Fax: +44 (0)1224 748481
Further information required by Schedule 2 (g) of the AIM Rules
Steven Lampe’s current directorships are set out below:
Neon Communications Group Inc (USA)
Anvil Holdings Inc (USA)
Shared Technologies Inc (USA)
In the past five years he has also been a director of Globix Corp (USA).