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INVICTUS ENERGY LTD — Board/Management Information 2018
Jun 20, 2018
65149_rns_2018-06-20_b250d9df-ba4a-4ad6-b0d3-3a94762f383c.pdf
Board/Management Information
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ASX ANNOUNCEMENT ASX: IVZ
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ABOUT INVICTUS ENERGY LTD
Invictus Energy Ltd is an independent oil and gas exploration company focused on high impact energy resources in sub-Saharan Africa. Our asset portfolio consists of a highly prospective portion of the Cabora Bassa Basin in Zimbabwe, one of the largest under-explored interior rift basins in Africa.
BOARD & MANAGEMENT
Scott Macmillan Managing Director
Brent Barber Country Manager
Barnaby Egerton-Warburton Non-Executive Director
Eric de Mori Non-Executive Director
21 JUNE 2018
APPOINTMENT OF MANAGING DIRECTOR
Invictus Energy Limited ("Invictus" or "the Company") , is pleased to confirm that following the company’s shareholder meeting on 15 June 2018, that it has appointed Scott Macmillan as Managing Director of Invictus Energy Limited effective immediately.
Mr. Macmillan is a Zimbabwean national and reservoir engineer with over 12 years’ experience in oil and gas. He was previously the Business Advisor in the Global New Ventures group for Woodside Petroleum, which focused on Africa exploration and the Senior Reservoir Engineer for AWE Ltd, responsible for the Waitsia Gas Field development in Western Australia. He also has extensive business experience in Zimbabwe allowing the Company to take full advantage of Mr Macmillan’s local relationships within the region.
A summary of Mr. Macmillan’s employment contract has been included as an Appendix to this announcement
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Gabriel Chiappini Non-Executive Director and Company Secretary
For further information, please contact:
invictusenergy.com
Scott Macmillan Managing Director [email protected]
Robbie Hamilton Ashanti Corporate Finance P +61 (08) 6169 2668
Corporate Advisor and Lead Manager
For further information on Invictus Energy, please visit the Company's website at www.invictusenergy.com
Invictus Energy Limited ABN 21 150 956 773
50 Ord Street, West Perth WA 6005 Australia T: +61 8 6102 5055 E: [email protected] 50 Ord Street, West Perth WA 6005 Australia [email protected]
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APPENDIX 1 – KEY TERMS OF REMUNERATION
| Position | Managing Director |
|---|---|
| Status | Full Time |
| Term | Ongoing, no fixed term |
| Termination | 3 months’ notice by either party |
| Fee / Salary | $250,000 per annum exclusive of statutory superannuation |
| Superannuation | Statutory Rate |
| Leave | 20 days annual leave |
| Short / LongTermIncentives | The Company may, from time to time, offer theManaging Director the right to participate in anemployee incentive plan and may be grantedperformance rights or other incentives on terms andperformance criteria to be determined by theBoard in its absolute discretion |
ASX ANNOUNCEMENT | PAGE 2