REG - OPG Power Ventures - Board Change

OPG Power VenturesAnnouncement

31/05/2022 10:30

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RNS Number : 3875N  OPG Power Ventures plc  31 May 2022

31 May 2022

 

OPG Power Ventures plc

("OPG" or the "Company")

 

Board Change

 

Further to the announcement on 3 May 2022, OPG Power Ventures plc (AIM: OPG),
the developer and operator of power generation assets in India, is pleased to
announce the Board appointment of Ajit Pratap Singh as Chief Financial
Officer, with immediate effect. Mr Singh has been a director of a number of
the Company's subsidiaries, including as an Executive Director of OPG Power
Generation Private Ltd, the Chennai subsidiary of OPG, since February 2019.

 

Mr Singh is a management and finance professional with over 24 years of
corporate finance, accounting, M&A, commercial and investors relations
experience, working primarily with large publicly listed conglomerates in
India including JSW, Vedanta, Jaypee and Lohia Group.

 

He is a Fellow member of the Institute of Company Secretaries of India, a
Fellow member of the Institute of Cost Accountants of India (FCMA), a Law
Graduate, a Master of Science (Finance), a Chartered Financial Analyst (CFA),
a Certified Management Accountant (CMA - USA), a member of the Chartered
Institute of Public Finance & Accountancy in the UK and a member of the
Chartered Institute of Securities & Investments in the UK.

 

The Company's current CFO Mr Dmitri Tsvetkov is stepping down and retiring
from the Board with effect from today and will support the Company with the
finalisation of the FY22 audited financial statements and ensure a smooth
transition.

 

In addition to his appointment to the OPG Board, Ajit Pratap Singh, aged 44,
has held the following directorships and/or partnerships in the past five
years:

 

 Current Directorships/Partnerships               Past Directorships/Partnerships
 Gita Power & Infrastructure Private Limited      Tutelage Professional Private Limited

 OPG Power Generation Private Limited

 Samriddhi Surya Vidyut Private Limited

 

Mr Singh does not hold any ordinary shares in the Company and there are no
further disclosures to be made pursuant to Schedule 2 paragraph (g) of the AIM
Rules.

 

For further information, please visit www.opgpower.com or contact:

                                                         Via Tavistock below

 OPG Power Ventures PLC
 Avantika Gupta

 Cenkos Securities plc (Nominated Adviser & Broker)      +44 (0) 20 7397 8900
 Stephen Keys / Katy Birkin

 Tavistock (Financial PR)                                +44 (0) 20 7920 3150

 Simon Hudson / Nick Elwes

 

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