Harbour Energy plc said that investor EIG had reduced its notifiable interest in the company from 37% to 16%.
BOARD MEMBERS
In a statement, the oil and gas company added that the change reflected “a distribution of EIG’s shareholding in Harbour to certain of its underlying investors, rather than a sale of shares”.
EIG is now entitled to one shareholder-nominated director on the Harbour board.
Harbour has requested that both R Blair Thomas and Steve Farris, the two EIG-nominated directors, remain on the board due to their extensive oil and gas sector experience.
R Blair Thomas will remain as chairman of Harbour while Steve Farris intends not to stand for re-election in 2023, added Harbour.