Prospex Energy PLC (AIM:PXEN) Board Appointment

Prospex Energy PLC (AIM: PXEN), the AIM quoted investment company focused on European gas and power projects, is pleased to announce the appointment of Andrew Hay as an independent Non-Executive Director of the Company with immediate effect.

Mr Hay, a graduate of Oxford University, has more than 30 years of experience as a banker in London and New York. He is currently a Senior Adviser at Smith Square Partners, a leading London corporate finance firm. Formerly he was Chairman of LGB Corporate Finance and before that built and led the corporate finance business of Edmond de Rothschild in London. He has in depth experience in corporate banking, the debt and equity capital markets and international M&A.

Previously, Mr Hay held senior positions at ING Barings and Schroders, including two years in New York. He led the North American corporate finance and capital markets origination activity of Barings until 1997.

Until May 2017, Mr Hay was a Non-Executive Director of Aminex plc (senior independent director, audit and remuneration committees), a London and Dublin stock exchange listed oil and gas development and production company focused on East Africa and was a Non-Executive Director of Independent Oil & Gas PLC (senior independent director, chair of audit committee), the AIM quoted company with development interests in the North Sea, until February 2018.

Currently Mr Hay is a Non-Executive Director of the holding company of Lloyd George Advisory, a specialist India and Asia focused emerging market fund management business. Since 2020, Mr Hay has been the senior Non-Executive Director and chair of audit committee at Great Western Mining Corporation PLC, the AIM quoted mineral exploration and development company with licences and operations in Nevada.

Bill Smith, the Chairman of Prospex, commented:

“We are very pleased to welcome Andrew Hay to the Board of Prospex. As the Company expands and grows our assets in Italy and Spain and as new opportunities are being reviewed, Andrew’s experience and deep understanding of the upstream energy sector and capital markets will add great value to Prospex. We are very much looking forward to working alongside Andrew.”

Further information on Mr Andrew Hay’s appointment

The following details in relation to the appointment of Mr Hay are disclosed in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies.

Mr Andrew Nicholas John Hay (aged 71) has held the following directorships and/or partnerships in the past five years.

Other than the information contained within this announcement, there is no further information required to be disclosed pursuant to paragraph (g) of Schedule Two of the AIM Rules for Companies.

For further information visit or contact the following:

Mark Routh

Prospex Energy PLC

Tel: +44 (0) 20 7236 1177

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