Phoenix Global Resources plc announced a change to the composition of the Board. Matthieu Milandri, a non-executive director, has on February 1, 2019 resigned from the Board, with immediate effect, to pursue other business interests. A replacement non-executive director will not be appointed at this time. However, as Matthieu will no longer be working for Mercuria and was one of the current Mercuria appointees under the Relationship Agreement between the company and certain Mercuria entities, as more fully described in the Admission Document dated 24 July 2017, Matthieu will be replaced by Tim Harrington, a non-executive director of the company, as one of the Mercuria appointees.