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RENERGEN LIMITED - Board Change and Appointment of Non-Executive Chairman

Release Date: 11/11/2021 08:00
Code(s): REN     PDF:  
Wrap Text
Board Change and Appointment of Non-Executive Chairman

Incorporated in the Republic of South Africa
(Registration number: 2014/195093/06)
JSE Share code: REN
A2X Share code: REN
ISIN: ZAE000202610
LEI: 378900B1512179F35A69
Australian Business Number (ABN): 93 998 352 675
ASX Share code: RLT
(“Renergen” or “the Company”)


In accordance with paragraphs 3.59(b) and 3.59(c) of the JSE Limited Listings Requirements, the
board of directors of the Company wishes to advise that Renergen Non-Executive Chairman Mr
Brett Kimber has announced his intention to step down from the board of the Company after
serving shareholders for 7 years with effect from 30 November 2021. This is in keeping with the
board’s decision to begin rotating non-executive directors as the Company moves into a state of

During his tenure as Non-Executive Chairman, Renergen has experienced excellent growth and
value creation. The Company has grown significantly from a start-up gas and helium explorer to
successfully listing on both the JSE (June 2015) and ASX (June 2019) and is now focused on
commencing commissioning of Phase 1 at the Virginia Gas Project in December 2021. Mr
Kimber’s guidance throughout this period has played a key role in the strong position the
Company finds itself in today.

Existing Non-Executive Director, Dr David King has agreed to serve as incoming Non-Executive
Chairman with effect from 1 December 2021 to steer the Company through the next major phase
of growth, as Renergen transitions into a helium and LNG producer. Dr King has over 40 years’
experience in oil and gas and other natural resources industries. He holds an MSc in Geophysics
from Imperial College, London, and a PhD in Seismology from the Australian National University,

Dr King has held various Board positions with ASX natural resources companies and was a
founder of oil and gas companies Eastern Star Gas Ltd and Sapex Ltd. Dr King has also served
as Managing Director of ASX listed gold producer North Flinders Mines, CEO and Managing
Director of oil & gas producers Beach Petroleum and Claremont Petroleum, and Chairman of
Robust Resources Ltd.

Dr King has served on the Renergen board since 6 June 2019 and is currently Non-Executive
Director of ASX listed Galilee Energy Limited and AIM listed Litigation Capital Management
Limited. Dr King is a Fellow at the Australian Institute of Company Directors, the Australian
Institute of Geoscientists, and Australasian Institute of Mining & Metallurgy.

Stefano Marani, CEO of Renergen said “I would like to formally extend my sincere thanks to Brett
for his service and dedication to Renergen over the past 7 years. His guidance has been
invaluable in shepherding the Company to our current position and the strong position we find
ourselves in today.”
“I would like to congratulate David on his appointment as Non-Executive Chairman and
importantly, look forward to his leadership and guidance as the Company transitions from
greenfield to production status.”

Incoming Chairman Dr David King said “I am excited to assume position of Executive/Non-
Executive Chairman and thank Brett for his role in delivering the Company to the position of
strength that we find ourselves in today. His excellent stewardship and the smooth transition that
he has facilitated will be beneficial to all shareholders as we turn our attention towards
commissioning, production and sales from the world class Virginia Gas project.”

11 November 2021

Authorised by: Stefano Marani
Chief Executive Officer

Designated Advisor
PSG Capital

For Australian Investors & Media, contact Citadel-MAGNUS
Cameron Gilenko, 0466 984 953

For South African Investors & Media, contact

Date: 11-11-2021 08:00:00
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