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

I (X) Net ZeroAnnouncement

24/01/2023 07:00

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RNS Number : 6149N  i(x) Net Zero PLC  24 January 2023

 

The information contained within this announcement is deemed to constitute
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596/2014 which is part of UK law by virtue of the European
Union (Withdrawal) Act 2018. Upon the publication of this announcement, this
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i(x) Net Zero PLC

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

Directorate Change

i(x) Net Zero PLC (AIM: IX.), the investing company which focuses on Energy
Transition and Sustainability in the Built Environment, announces the
appointment of Pär Lindström, the Company's Chief Investment Officer, as its
Chief Executive Officer, replacing Steve Oyer, who has stepped down from the
Board, with immediate effect. Pär will continue in his role as Chief
Investment Officer of the Company.

Pär Lindström, who co-founded the Company in 2015, has over 25 years'
investment experience, M&A experience and business development expertise
through a career focused on venture capital, growth capital and private equity
investments in the U.S., Europe and the emerging markets.

Nick Hurd, Non-Executive Chair of i(x) Net Zero, said:

"The Board remains confident in the Company's market opportunity given growing
global momentum in the transition to net zero. Pär brings decades of
investment and M&A experience to the CEO role, which will be invaluable as
the Company looks to take advantage of opportunities in current markets. We
welcome him to his new role.

We wish to thank Steve for his service over the last five years and his
contribution in helping to steer the Company's IPO on AIM last year."

Pär Lindström, the Company's Chief Executive Officer, said: "It is an honour
to take on the role of CEO and I look forward to working with the Board to
maximise the impact of our current investments, expand the portfolio and
support the drive towards a net zero future."

- Ends -

 

 

For further information visit https://ixnetzero.com/
(https://url.avanan.click/v2/___https:/ixnetzero.com/___.YXAzOml4bmV0emVybzphOm86MWI5YTUyZmU4NmZiYWI5OGVjZjRmZWM5ZWRkZjg5OTE6NjpjYzE3OjFhMDNjOTMyMzEzNzkxYzkxY2QxYjg4YWRmYmExMjg5Y2FiNWM1YTQxYmExMjVlNDBhYTVjM2Q0YjZjZTI4NGQ6cDpU)
 or contact:

 i(x) Net Zero                              Via Buchanan below
 Pär Lindström - Chief Executive Officer
 Dmitri Tsvetkov - 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
 Abby Gilchrist                             +44 7557 952 223

 

 

Notes to Editors

About i(x) Net Zero PLC

i(x) Net Zero PLC is an AIM quoted investing company that provides 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 signatory to the UN Principles for Responsible
Investing. The Company has received the London Stock Exchange's Green Economy
Mark.

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