Board Change & Change of Interest
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Corcel Plc (London AIM: CRCL), the pan Angola-Brazil focused energy company, announces the resignation of Non-Executive Director Mr. Antoine Karam with immediate effect.
Corcel's Interim Non-Executive Chairman Andrew Fairclough commented: "On behalf of the board, I would like to offer thanks to Antoine for all that he has done for the company, having led the change in strategic direction last year and for supporting it both financially and enthusiastically throughout his time on the board as we aim to deliver the value in this business, which he has always believed in. We wish him well in his future endeavours and, furthermore, thank him and Extraction on their promise of ongoing support."
Further to the "TR-1: Notification of major holdings" announced this morning, the direct holding of Extraction SRL ("EXT") has decreased to 4% as at 28 October 2024. Mr. Antoine Karam remains a 45% shareholder of EXT.
The resultant indirect shareholding is as follows:
| Ordinary Shares | Total Shares | % of Issued Share Capital | Options | Warrants | ||
|---|---|---|---|---|---|---|
| Direct | Indirect | |||||
| Antoine Karam | - | 67,233,609* | 67,233,609 | 1.80% | 125,962,320 | 94,996,305 |
*A total of 149,408,021 shares are held by Extractions Premium & Mining Ltd.
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