REG - i(x) Net Zero PLC - Directorate change

I (X) Net ZeroAnnouncement

06/05/2022 07:00

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RNS Number : 5222K  i(x) Net Zero PLC  06 May 2022

06 May 2022

 

i(x) Net Zero PLC

("i(x)" or the "Company")

 

Directorate change

 

Further to its announcement released on 3 May 2022, i(x) Net Zero PLC (AIM:
IX.), the investing company which focuses on Energy Transition and
Sustainability in the Built Environment, is pleased to announce the
appointment of Dmitri Tsvetkov as its Chief Financial Officer and an Executive
Director with effect from 1 July 2022.

Dmitri will replace Marc Chennault, i(x)'s Chief Financial Officer, who has
split his time as CFO of both i(x) and WasteFuel Global, LLC ("WasteFuel"), a
sustainable transportation fuels company and one of i(x)'s investee companies,
since August 2020. Marc has been appointed as the full time Chief Financial
Officer of WasteFuel with effect from 1 July 2022.

Mr. Tsvetkov has more than 27 years of financial, accounting and operational
experience, including significant experience of working with energy sector
listed companies in London, Africa, Asia and Canada.

Dmitri joins i(x) Net Zero from AIM-listed OPG Power Ventures plc ("OPG"), a
power generation company operating in India, where he was Chief Financial
Officer and a Board Director of the Company. Dmitri was a member of OPG's ESG
committee and was part of the leadership team developing its energy transition
strategy and its first standalone ESG report.

Prior to joining OPG, Mr. Tsvetkov was CFO at Advance International
Exploration Inc., a private Canadian oil & gas company, Interim Chief
Executive Officer and CFO at Mart Resources Inc., a TSX-listed international
exploration and production oil and gas company, and Chief Financial Controller
of Heritage Oil Plc, a FTSE 250 oil and gas company.  Mr Tsvetkov was an
auditor with PricewaterhouseCoopers from 1994 to 2006.

He has a Chartered Accountant (CA) designation from the Canadian Institute of
Chartered Accountants, an FCCA designation from the Association of Chartered
and Certified Accountants in the UK and Chartered Financial Analyst (CFA)
designation from the CFA Institute in the US.

Further information in accordance with paragraph (g) of Schedule Two of the
AIM Rules for Companies is set out at the end of this announcement.

Nick Hurd, Non-Executive Chairman of the Company, said: "We are delighted to
welcome Dmitri to the Board as the Company's Chief Financial Officer with
effect from 1 July 2022. Given his experience as a public company CFO, we
expect that this will be a seamless transition.

The Board thanks Marc for his valuable contribution to i(x) which has
benefitted greatly from his expertise. We look forward to continuing to work
closely with Marc in his role as the full time CFO of WasteFuel, which
continues to expand rapidly on the back of strong demand for sustainable fuel
solutions."

 

- Ends -

 

For further information visit https://ixnetzero.com/ (https://ixnetzero.com/)
 or contact:

 i(x) Net Zero PLC                           Via Buchanan below
 Steve Oyer - Chief Executive Officer
 Pär Lindström - Chief Investment Officer
 Marc Chennault - Chief Financial Officer

 H & P Advisory Limited                      +44 20 7907 8500

 Financial Adviser & Joint Broker
 Neil Passmore
 Ernest Bell
 Andy Crispin (Sales)

 Shore Capital                               +44 20 7408 4050

 Nominated Adviser & Joint Broker
 Tom Griffiths
 David Coaten

 Iain Sexton

 Buchanan
 Helen Tarbet                                +44 7872 604 453
 Simon Compton                               +44 7979 497 324
 Ariadna Peretz                              +44 7488 495 969

 

 

Notes to Editors

About i(x) Net Zero PLC

i(x) Net Zero PLC is an AIM quoted investing company that provide its
shareholders the opportunity to create long-term capital growth with
positive, scalable, measurable and sustainable impact on the environment and
on the communities it serves.

In accordance with its belief that the world's biggest problems are also the
biggest market opportunities, i(x) Net Zero focuses on two critical areas in
which it aims to make a positive impact: (i) Energy Transition and (ii)
Sustainability in the Built Environment. The Company uses a multi-strategy
investment approach, providing the companies in which it invests with the
expertise and catalytic capital to help them grow. To date, i(x) Net Zero has
invested in biofuels, direct air capture (carbon removal), renewable energy,
sustainable workforce housing and net zero construction technology.

i(x) Net Zero is a provisional signatory to the UN Principles for Responsible
Investing. The Company has received the London Stock Exchange's Green Economy
Mark.

 

INFORMATION REQUIRED UNDER SCHEDULE TWO, PARAGRAPH (G) OF THE AIM RULES FOR
COMPANIES ("AIM RULES")

 

 Full name:                                        Dmitri Tsvetkov
 Age                                               49
 i(x) Net Zero Plc ordinary shares held            0
 Current directorships                             Clarion Petroleum Limited
                                                   Epiplex Limited
                                                   Mercantile Ports & Logistics Limited

                                                   OPG Power Ventures Plc

 Historic directorships (within previous 5 years)  None

 

 

There is no further information to be disclosed in relation to the appointment
of Dmitri Tsvetkov pursuant to Schedule Two, paragraph (g) of the AIM Rules.

 

 

 

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