REG - Libertine Holdings - Non-Executive Director Appointment

Libertine HoldingsAnnouncement

05/08/2022 07:00

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RNS Number : 0023V  Libertine Holdings PLC  05 August 2022

5 August 2022

Libertine Holdings PLC

("Libertine" the "Company" or the "Group")

Non-Executive Director Appointment

Libertine Holdings PLC (LSE AIM: LIB), a developer of clean, highly efficient
and fuel-flexible Linear Generator products, is pleased to announce the
appointment of Peter Wright as an independent Non-Executive Director with
immediate effect.

Peter has extensive experience in accounting and risk management from a career
both in industry and professional services spanning over 25 years. He has held
senior roles at Deloitte, where he worked closely with a wide range of
businesses, as well as at Britannic plc and Foseco plc. He is currently
Independent Chair of the Audit Committee at UNIQA Insurance Group (previously
AXA Insurance) in Czech Republic and Slovakia, a role he has held since 2015.

 

Libertine is also pleased to have recently appointed Julia Langton as People
Director to lead the Company's employee engagement and recruitment strategy.
 

 

Keith Jackson, Chairman of Libertine, commented:

"We are delighted to welcome Peter to the Board. He has a keen interest in
powertrain technologies and his prior experience fits well with our desire to
appoint a qualified accountant to the Audit & Risk Committee, which he
will chair. Further, his considerable global tax knowledge will assist
Libertine's strategic development as we advance our operations and sales into
overseas markets.

We are also very pleased to welcome Julia to the Company in her capacity of
People Director, with her experience in supporting the growth of similar stage
AIM listed companies."

Additional information regarding Peter Wright, pursuant to paragraph (g) of
Schedule Two of the AIM Rules for Companies, is set out below:

 

Mr Peter Frederick Wright, (aged 58)

 

 Current Directorships and Partnerships  Past Directorships and Partnerships over the last 5 years
 None                                    36 Percy Gardens Management Company Limited

 

Peter Wright does not hold any shares or options in the Company.

 

There are no further disclosures to be made in relation to the appointment of
Peter Wright in accordance with Rule 17 or Schedule Two paragraph (g) of the
AIM Rules for Companies.

 

For further information, please visit www.libertine.co.uk
(http://www.libertine.co.uk) or contact:

 Libertine Holdings PLC                               via Tavistock
 Sam Cockerill, Chief Executive Officer
 Gareth Hague, Chief Financial Officer

 Panmure Gordon (NOMAD and Broker)                    +44 20 7886 2500
 John Prior
 Ailsa Macmaster
 Hugh Rich (Corporate Broking)

 Tavistock (Public Relations and Investor Relations)  +44 207 920 3150
 Simon Hudson                                         libertine (mailto:libertine@tavistock.co.uk) @tavistock.co.uk
                                                      (mailto:libertine@tavistock.co.uk)
 Rebecca Hislaire
 Nick Elwes

 

Notes to editors

Founded in 2009, Libertine has developed a technology platform solution for
powertrain Original Equipment Manufacturers ("OEMs"), enabling efficient and
clean power generation from renewable fuels. Libertine was admitted to trading
on the AIM market of the London Stock Exchange in December 2021.  Libertine's
linear electrical machines, controls and developer tools together form a
technology platform (intelliGEN™) which the Company provides to customers
for the development of clean, highly efficient and fuel-flexible Linear
Generator products. The platform is a result of over a decade of development
of Linear Generator technology with multiple successful client-led programmes.

The potential market for Linear Generator products goes well beyond the
distributed power generation applications where Linear Generators are already
in commercial use today, complementing intermittent renewable power with
clean, on-demand power generation. Linear Generators also have the potential
to complement battery electrification in hybrid powertrains as range
extenders, addressing the practical and economic barriers to rapid adoption of
clean electric propulsion using battery electric powertrain technology alone.
Linear Generator products using Libertine's technology could work alongside
battery electrification in a wide range of hybrid systems including:

·      Heavy-duty hybrid powertrains of trucks, buses, tractors,
construction and mining equipment

·      Medium and light-duty hybrid powertrains of commercial vehicles
operating over longer distances;

·      A proportion of the passenger automotive market where vehicle use
and recharging constraints are a barrier to battery electrification; and

·      A wide range of off-grid, portable power and distributed power
generation applications.

Libertine receives engineering fees by providing its linear e-machine
hardware, controls and developer tools into OEM client product development
programmes, and seeks to license its technology for volume production. Working
with OEMs from an early stage in the development cycle ensures Libertine's
technology is effectively integrated into OEM products, maximising the
performance and economic benefits provided by Libertine's platform technology.
Libertine has developed a portfolio of over 30 granted patents in addition to
a significant body of technical know-how developed since the company's
formation in 2009. The Company's senior management team and board includes
executives with decades of deep technical experience in the automotive and
energy industries.

 

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