Lansdowne Oil & Gas plc
18 September 2007
Date 18 September 2007
LANSDOWNE OIL & GAS plc
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'
ENQUIRIES:
Lansdowne Oil & Gas plc
Chris Moar, Finance Director 01224 748 480
John East & Partners Limited
David Worlidge / Simon Clements 020 7628 2200
www.lansdowneoilandgas.com
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).
This information is provided by RNS
The company news service from the London Stock Exchange
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