REG - Ross Group PLC - Renaming of subsidiary company

RossAnnouncement

23/11/2022 16:15

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RNS Number : 4009H  Ross Group PLC  23 November 2022

SCMA RNS ANNOUNCEMENT

 

Ross Group PLC (Stock Code: RGP) has entered into a Global Exclusive Supply
Chain Management Agreement with The Energy Group LLC, in the USA, to initiate,
monitor and manage all of their "Green Hydrogen" production and projects;
principally through our Ross Group PLC subsidiary, Ross Diversified Trading
Ltd., which will then become subsequently renamed as The Energy Group
International Ltd or "TEGIL"

For over one decade, Ross Group has been providing various industry-agnostic
specialist supply chain management services and, in this instance, we cannot
express enough how excited we are about this exceptional opportunity with The
Energy Group LLC. They have proven themselves to us to be pioneers in their
creation methodology of Green Hydrogen and it is our honour and privilege to
be their supply chain manager on a worldwide basis and to be able to provide
them with a number of specialist services in order to grow their start-up
business.

Green Hydrogen is considered to be the clean transitionary fuel of the future.

The ability to deliver and diversify Green Hydrogen production into ancillary
heavy carbon emitting industries and supply chains, including but not limited
to Oil & Gas, is one of the prime objectives of our strategic supply chain
management plan going forward. We believe this new chapter in the long history
of Ross Group PLC will significantly build upon our specialist supply
management services while focusing on decarbonizing critical industry supply
chains; leading into a positive eco-friendly future.

It is hoped by us that this transaction will be the beginning of a new era for
Ross Group.

 

For further information regarding this announcement please contact Mr Shashank
Mehta Shashi.Mehta@rossgroupplc.com.

 

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