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Solo Oil Plc

Solo Oil Plc Board Changes

Solo Oil Plc (LON:SOLO) today announced board changes.

Alastair Ferguson has now taken over as Non-Executive Chairman and Neil Ritson has retired as Executive Chairman and as a director of the Company and will assume the role of Technical Advisor.

Dan Maling, previously the Company’s Finance Director, will take on the role of Managing Director with immediate effect.

Alastair Ferguson commented:

‘I am very pleased to have been appointed to the Board and to take up the role of Non-Executive Chairman at the AGM. I look forward to working with Dan as Managing Director to bring a strong commercial and business focus to the Board that will help drive the monetization of our portfolio of assets.

On behalf of the Board I would like to thank Neil Ritson for his longstanding service and contributions to the company as both an Executive Director and Chairman and I look forward to working with him as a Technical Advisor.’

Directors Dealings

Further the announcements of 6 August 2018 relating to the issue and allotment of new ordinary shares pursuant to the firm and conditional placing , and to the issue and allotment of ordinary shares to be issued to Directors in lieu of fees, Directors’ holdings are as follows:

Director or former Director

Existing holding of shares

Existing Options

Total placing shares

Fee shares

Total number of shares

% of issued share capital

Alastair Ferguson

5,714,286

6,666,667

12,380,953

2.13%

Jon Fitzpatrick

16,833,777

2,500,000

1,822,222

2,960,000

24,115,999

4.16%

Neil Ritson

4,650,000

5,200,000

2,548,889

12,398,889

2.14%

Dan Maling

3,250,000

7,110,847

10,360,847

1.78%

Don Strang

2,000,000

1,891,111

3,891,111

0.67%