Board Changes and Financial Calendar Update

For immediate release

28 April 2021

Boston International Holdings plc

("BIH" or "the Company")

Board Changes and Financial Calendar Update

BIH is pleased to announce the appointment of Mr Christopher Pitman as Chairman and Mr Martin Lampshire as Non-Executive Director to the Board of Company with immediate effect.

Mr Pitman has held chief executive and president roles within both privately and publicly owned entrepreneurial oil companies and international service companies. He is a petroleum geologist with over 35 years international exploration and production experience providing him with a unique and in-depth knowledge of the petroleum systems in the Asia-Pacific (APAC) and the Middle East-Africa regions (MEA).

Mr Pitman has a significant track record of leading campaigns to open up new emerging petroleum plays and he has consistently provided both asset and corporate growth opportunities and raised substantial funding for various projects.

Mr Lampshire has over thirty years' experience in Corporate Broking, assisting in a variety of equity raises including IPOs, secondary fundraisings, vendor and private placings across a variety of sectors.

He has worked in a number of overseas financial centres including Hong Kong, Singapore, Kuala Lumpur and Dubai. Mr Lampshire is currently an Executive Director of Global Resources Investment Trust Plc, a Non-Executive Director of Bould Opportunities Plc and a Non-Executive Director of ValiRx Plc.

In conjunction with these appointments, Mr Norman Connell is stepping down from the Board and Mr Borden James resumes a role of Non-Executive Director.

Mr Borden James, Non-Executive Director, commented:

"I am very pleased to welcome Chris and Martin to the Board of BIH and look forward to working together in identifying a suitable acquisition target and successfully completing an RTO. I take this opportunity to thank Norman for the contribution to the Company since its establishment and wish him well for the future."

The Board now comprises:

Christopher Pitman, Chairman

Martin Lampshire, Non-Executive Director

Borden James, Non-Executive Director

Richard Hartheimer, Non-Executive Director

Additional disclosures

Christopher Nigel Pitman (aged 63) has held the following directorship /partnership positions in the past 5 years: 

Martin Lampshire (aged 60) has held the following directorship /partnership positions in the past 5 years: 

Mr Lampshire has been a director of Global Resources Investment Trust plc ("GRIT") since 30 August 2019. On 21 December 2020 a corporate voluntary arrangement ("CVA") was approved by GRIT shareholders and is continuing.

Neither Mr Pitman nor Mr Lampshire currently hold any securities in the Company.

Financial Calendar Update

Due to the challenges presented by the ongoing COVID-19 pandemic the Company is utilising the temporary relief measures implemented by the Financial Conduct Authority and the Financial Reporting Council which in their joint statement issued on 27 January 2021 confirmed that extended financial information timelines continue to apply. Accordingly, the Company is deferring the publication of its annual financial report for the year ending 31 December 2020 ("2020 Accounts") for the permitted time extension of two months. The Company has also applied to Companies House for an extension.  Following the deferral, the Company's reporting timetable for the 2020 Accounts means they must be published by no later than 30 June 2021.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").

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