Longboat Energy announced that as part of the ongoing review of its cost base, the company announced the following changes to its board and management team, as in its Notice of Annual General Meeting posted to shareholders. The company announced that Katherine Roe has notified the board of her intention to step down at the AGM to focus on new executive opportunities, following the recent acquisition of Wentworth Resources plc, where she was CEO. In addition, Jonathan Cooper, currently Chief Financial Officer, has agreed to leave the Company on 30 August 2024 after a short transition period.

Therefore, he will be step down from the board at the AGM and will not be putting himself forward for re-appointment. Jon, one of the original founders of Longboat, has been instrumental in helping successfully build and manage the Longboat business over multiple jurisdictions with boundless energy and enthusiasm. It is intended that the finance function will be managed among the remaining members of the team with some additional part-time support.

They both have served on the Company's board of directors since inception in late 2019 and have provided invaluable support and advice during this period. Graham Stewart has agreed to step down from his role as Non-Executive Chairman but will remain on the board as a Non-Executive Director providing important continuity and support to the new directors.