REG - Parkmead Group (The) - Board Appointment

ParkmeadAnnouncement

14/11/2025 07:00

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RNS Number : 5146H  Parkmead Group (The) PLC  14 November 2025

14 November 2025

 

The Parkmead Group plc

("Parkmead", the "Group" or the "Company")

 

Board Appointment

 

Parkmead, the independent energy group focused on growth through natural gas
and renewable energy projects across the Netherlands and the UK, is pleased to
announce the appointment of Mr Douglas Sedge as an independent non-executive
director with effect from today.

Doug has been active in the energy sector for over 40 years. He has extensive
experience in senior executive and non-executive positions including roles as
Chairman and CEO. He has held senior roles in companies such as Weatherford
International, Sparrows Group and RGB Limited, and has wide-ranging UK and
international experience operating across numerous countries.

In addition to serving Parkmead as an independent non-executive director, Doug
will chair the Company's Audit Committee and serve as a member of the
Remuneration Committee.

Given the continued renewal of expertise and independent advice at Parkmead,
the Company is well positioned for future growth with a strong and balanced
portfolio of assets and an experienced team which is focused on delivery.

Earlier this year the Parkmead Board completed the successful sale of one of
the Group's subsidiaries, which held operated interests in two offshore UK
licences. This divestment brings £14 million of firm cash into Parkmead, £7
million of which has been received to date and the remaining £7 million is
contracted to be received over the next 15 months. In addition, Parkmead may
potentially receive up to a further £120 million in contingent cash payments
in the event of future field development plans being approved.

The Company's next annual results, to 30 June 2025, are due to be released
before the end of this month.

Tom Cross, Executive Chairman, commented:

"Doug is a highly respected figure in the energy sector. He brings a wealth of
additional experience to the Parkmead Board at this important stage in the
Group's development. His extensive industry knowledge will be valuable
to Parkmead as we grow our portfolio and advance key upstream and renewable
energy projects across the Netherlands and the UK."

Regulatory Disclosures:

The following information regarding the appointment of Douglas Alan Sedge,
aged 69 is disclosed under Schedule 2(g) of the AIM Rules for Companies:

 Current directorships and/or partnerships:  Former directorships and/or partnerships (within the last five years):

 Dron & Dickson Group Limited                ASCO UK limited
                                             Das Associates (Aberdeen) Ltd
                                             Hawk Managers LLP
                                             J&S Subsea Limited

                                             R&M Engineering Limited
                                             Sparrowfin Holdings Limited
                                             Zander Topco Limited

Douglas Sedge holds no shares or share options in Parkmead.

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

 

For enquiries please contact:

 

 The Parkmead Group plc                                            +44 (0) 1224 622200
 Tom Cross (Executive Chairman)
 Andrew Smith (Business Development Director)

 Cavendish Capital Markets Limited (NOMAD and Broker to Parkmead)  +44 (0) 20 7220 0500
 Marc Milmo / Seamus Fricker - Corporate Finance
 Iain McArthur - Sales

 

 

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