REG - eEnergy Group PLC - Directorate Change

EenergyAnnouncement

28/03/2023 07:15

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RNS Number : 3867U  eEnergy Group PLC  28 March 2023

28 March 2023

 

eEnergy Group plc

("eEnergy" or "the Group")

 

Directorate Change

 

eEnergy (AIM: EAAS), the net zero energy services provider, is pleased to
announce, further to the announcement of 25 November 2022, the appointment of
John Foley as Non-Executive Chairman of the Company, with immediate effect.
David Nicholl remains on the eEnergy board as a Non-Executive Director.

John is a barrister and chartered accountant who has served on a number of
public and private company boards. He was CEO of MacLellan Group plc, a UK
facilities management provider, for 12 years until its sale in 2006 to
Interserve plc for an enterprise value of £130 million. He was co-founder of
Premier Technical Services Group Ltd (PTSG) a specialist provider of
facilities services, and was its Chairman from inception in 2007 until early
November 2022 (he remains a Non-Executive Director). PTSG became a public
listed company in 2015 and was acquired by Macquarie Group Ltd in 2019 for an
enterprise value of approximately £300 million which represented a 304%
premium to the 2015 listing share price. He is also currently Chairman of SEC
Newgate Spa, the parent company of a global strategic communications and
advisory group and is also Chairman of Servoca Plc, a provider of staffing
solutions and outsourced services.

 

On 25 November 2022, the Group announced that it had raised £2,525,000
through the issue of secured discounted capital bonds (the "Subordinated
Debt") which are due for repayment on 24 May 2024 and 21 June 2024. £1
million of this Subordinated Debt was provided by FFIH Limited ("FFIH"), an
investment company owned by John Foley and his wife. In connection with the
Subordinated Debt, FFIH was granted warrants to subscribe for 16,666,666
ordinary shares in eEnergy. Further details on the Subordinated Debt and
associated grant of warrants are included in the Company's announcement of 25
November 2022.

 

Harvey Sinclair, CEO of eEnergy Group plc, commented: "We are pleased to
welcome John Foley to the eEnergy Board as Non-Executive Chairman following
his support in the Company's debt financing round in November though his
investment company FFIH. He brings with him a wealth of experience in our
sector and has a strong track record in growing businesses and creating value
for shareholders. He will certainly be an asset to the team. David Nicholl
moves to a Non-Executive Director and we look forward to our continued
relationship."

 

Regulatory Disclosures

 

In accordance with Schedule 2(g) of the AIM Rules for Companies, John Robert
Foley (aged 67) is, or has been within the previous five years, a director or
partner of the following companies or partnerships:

 

 Current directorships/partnerships                     Previous directorships/partnerships

 ·      Premier Technical Services Group Limited        ·      Penta Consulting Limited

 ·      Servoca plc                                     ·      PTSG Access and Safety Limited

 ·      Penta Consulting Holdings Limited               ·      PTSG Steeplejacking Limited

 ·      Penta NC1 Limited                               ·      PTSG Steeplejacks Limited

 ·      Penta NC1 Limited                               ·      ENSCO 835 Limited

 ·      Penta Ultimate Holdings Limited                 ·      Guardian Cradle Maintenance Ltd

 ·      FFIH Limited

 ·      Hotham Killinghall Limited

 ·      UKFH Limited

 ·      SEC Newgate Global Strategy Spa (Italy)

 

On 13 May 2008, Hat Pin Plc, of which John Foley was a director, was placed
into administration. Hat Pin Plc was subsequently placed into creditor's
voluntary liquidation on 6 May 2009 and was dissolved with a final deficit as
regards to creditors of £2.3 million on 27 February 2015.

On 24 August 2003, John Foley resigned as a director of Elequip Holdings
Limited. On 10 October 2003, Elequip Holdings Limited was placed into
administrative receivership with an estimated deficit as regards to creditors
of approximately £3.5 million. The underlying trade and assets of the Elequip
Holdings Limited group were sold by the administrative receiver and the
company was dissolved on 2 December 2008.

There are no further disclosures to be made under Schedule 2(g) of the AIM
Rules for Companies.

 

 

Contacts:

 eEnergy Group plc                                                Tel: +44 20 7078 9564
 Harvey Sinclair, Chief Executive Officer                         info@eenergyplc.com (mailto:info@eenergyplc.com)   ;  www.eenergyplc.com

                                                                (http://www.eenergyplc.com/)
 Crispin Goldsmith, Chief Financial Officer

 Singer Capital Markets  (Nominated Adviser and Joint Broker)     Tel: +44 20 7496 3000
 Justin McKeegan, Asha Chotai, James Maxwell (Corporate Finance)

 Tom Salvesen (Corporate Broking)

 Canaccord Genuity Limited  (Joint Broker)                        Tel: +44 20 7523 8000
 Max Hartley, Tom Diehl (Corporate Broking)

 Tavistock                                                        Tel: +44 207 920 3150
 Jos Simson, Heather Armstrong, Katie Hopkins                     eEnergy@tavistock.co.uk (mailto:eEnergy@tavistock.co.uk)

 

About eEnergy Group plc

eEnergy (AIM: EAAS) is a net zero energy services provider, empowering
organisations to achieve net zero by tackling energy waste and transitioning
to clean energy, without the need for upfront investment. It is making net
zero possible and profitable for all organisations in four ways:

 ·             Transition to the lowest cost clean energy through the Group's digital
               procurement platform and energy management services. 
 ·             Tackle energy waste with granular data and insight on energy use and dynamic
               energy management. 
 ·             Reduce energy use with the right energy efficiency solutions without upfront
               cost. 
 ·             Reach net zero with onsite renewable generation and electric vehicle (EV)
               charging.

 

eEnergy is a Top 5 B2B energy company and has been awarded The Green Economy
Mark by London Stock Exchange. 

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