REG - Molecular Energies - Appointment of CEO of Green House Capital

Molecular EnergiesAnnouncement

25/09/2023 07:00

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RNS Number : 4371N  Molecular Energies PLC  25 September 2023

25 September 2023

 

 

MOLECULAR ENERGIES PLC

("Molecular" or the "Company")

 

Appointment of Chief Executive Officer of Green House Capital Group PLC

 

Molecular Energies (AIM: MEN), the international energy company, is pleased to
announce the appointment of Christopher Raggett as Chief Executive Officer of
Green House Capital Group PLC ("GHC"), a 75% subsidiary of Molecular, which it
intends to spin out by way of an initial public offering on the AIM Market of
the London Stock Exchange in Q4 this year.

 

Christopher, who has joined with effect from today, has over 15 years of
experience in energy and corporate finance. Until recently he sat on the Group
Executive Committee of finnCap Group plc - an AIM quoted financial services
firm incorporating capital markets, M&A, private capital and debt advisory
services. He was also Head of Energy and Natural Resources and Co-Head of
Corporate Finance at finnCap Capital Markets Limited (subsequently Cavendish
Capital Markets Limited following a merger with Cenkos Securities plc), which
is the largest Nominated Adviser and Broker on AIM by number of clients. Prior
to joining finnCap, Christopher was a solicitor at a multi-national US-based
law firm. In September 2022, Christopher was appointed to the board of
net-zero energy consultancy, Energise Ltd.

 

Peter Levine, Chairman of Molecular Energies plc, commented: "I have worked
with Chris for many years now and have seen first-hand how his insightful,
down-to-earth and pragmatic business sense and strong network in the energy
industry can help companies to grow. I am delighted he has decided to embark
on a new complementary career and become CEO of this exciting business. The
capital markets experience and passion for business that Chris has will be
invaluable as Green House Capital builds upon the momentum already
established."

 

Christopher Raggett, Chief Executive Officer of Green House Capital,
commented: "I am extremely excited to be joining Green House Capital. There
are vast opportunities in the green energy space and a distinct need for
strategic vision and direction to help entrepreneurs affect change while
maintaining financial discipline. I am looking forward to helping the
excellent existing portfolio within Green House achieve its potential and to
growing the business even further."

 

For further information, please visit www.molecularenergiesplc.com
(http://www.molecularenergiesplc.com) or contact:

 

 Molecular Energies PLC                                            +44 (0) 207 016 7950

 Peter Levine, Chairman                                            info@molecularenergiesplc.com

 Rob Shepherd, Finance Director

 Cavendish Capital Markets Limited (Nominated Adviser and Broker)  +44 (0) 207 220 0500

 Simon Hicks, George Dollemore

 Green House Capital Group PLC                                     +44 (0)20 7016 7950

 Christopher Raggett                                               christopher.raggett@GHCplc.com
 Tavistock (Financial PR and IR)                                   +44 (0) 20 7920 3150

 Simon Hudson, Nick Elwes, Charles Baister

 

Notes to Editors

 

About Molecular Energies

Molecular Energies PLC is an AIM listed company at the forefront of energy
development and has interests across the energy spectrum, from oil and gas
projects to subdivisions in the green and alternative energy sub-sectors. The
Company has oil and gas production in Argentina as well as exploration assets
in both Argentina and Paraguay. The Company has two separate subdivisions
which are focused on early-stage opportunities in the green and/or alternative
energy sub-sector.

 

Activities in the green and alternative energy space are being carried out
under the Green House Capital brand and through AIM listed Atome Energy PLC, a
green hydrogen, ammonia, and fertiliser company operating in Paraguay, Costa
Rica and Iceland, in which Molecular currently has 20.5%.

 

With a strong strategic and institutional base of support, an in-country
management team as well as the Chairman whose interests as the largest
shareholder are aligned to those of its shareholders, Molecular gives UK
investors access to an energy growth story combined with world class standards
of corporate governance, environmental and social responsibility.

 

 

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