RNS Number : 4505U
D1 Oils Plc
21 December 2011
D1 Oils plc (the 'Company')
Resignation of director
The Company announces the resignation today of Martin Jarvis as Chief Operating Officer and a Director of the Company.
In line with his contractual entitlement, Martin has been granted an option to acquire 2,500,000 ordinary shares in the Company. Subject to a performance based criteria, the option is exercisable within three years from today at an exercise price of two pence per share, which is based on the market price on the 24th June 2011.
Nicholas Myerson, a current executive director of the Company, has been appointed with immediate effect as the new Chief Operating Officer.
Steven Rudofsky, Executive Chairman, said "I would like to thank Martin for all his hard work and his contribution to the Company and wish him well in the future".
D1 Oils plc
Steven Rudofsky +44 (0) 20 7936 9104
Chris Fielding +44 (0) 20 7220 0470
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