REG - Star Energy Group - Board Change

Star EnergyAnnouncement

18/12/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231218:nRSR0642Xa&default-theme=true

RNS Number : 0642X  Star Energy Group PLC  18 December 2023

18 December 2023

 

Star Energy Group plc (AIM: STAR)

("Star Energy" or the "Company")

 

Board Change - Appointment of Non-executive Director

 

Star Energy is pleased to announce that Aneliya Erdly has accepted an
invitation to join the Board as an Independent Non-executive Director with
immediate effect. Aneliya will be a member of the Remuneration Committee.

Aneliya is a highly experienced energy executive with over 18 years in power
projects execution and asset management. She brings a wealth of expertise in
building from scratch and running renewable energy generation businesses, as
well as in assisting businesses with their energy transition strategies.

 

Aneliya has held senior management positions with international, independent
energy producers operating globally and specifically in Central, Eastern and
Western Europe, and the EU.  Her sector expertise includes origination and
business development, structuring the investment theses for renewable energy
platforms, energy transition work, M&A and project financing and portfolio
management.  Over her professional career she has acquired, developed,
constructed, and managed sizeable solar, wind, hydro, landfill gas, storage,
and biomass project portfolios. She has originated and developed over 10GW of
renewable projects worldwide.

 

As a project developer she has worked extensively with multi-lateral funding
agencies, local commercial and international banks focused on clean energy
project finance.

 

Aneliya is currently a Strategic Advisor to NTR PLC, a successful fund manager
that has invested in and built close to 3GW of renewables assets across Europe
and the US. She also sits on the investment committee of Globeleq - a power
industry leader with a focus on emerging markets.

 

Prior to this Aneliya was a CEO of Silver Ridge Power, a multi-billion
renewables portfolio company of Riverstone and The AES Corporation. In
additional she has held executive, non-executive and advisory positions with
The AES Corporation, Trafigura, Eco Atlantic Oil and Gas, the International
Finance Corporation and KPMG.

 

Commenting Chris Hopkinson, CEO said:

"I am delighted we have attracted someone of Aneliya's calibre and experience
in the renewable space to the Board.  Her specific expertise in complex
project development, procurement, asset management and cost optimisation will
be invaluable to us as we develop our geothermal business."

Aneliya Erdly added:

"I am very pleased to be joining Star Energy and bringing my international
experience to the team. The company has made serious progress in its energy
transition ambitions.  Its existing business provides operational skill sets
that are very much in demand by capital providers focussed on building
geothermal portfolios. I look forward to supporting them as they drive this
forward in earnest."

 

Star Energy is well advanced in further expanding its Board to capitalise on
the energy transition opportunities in geothermal.  A further Non-executive
Director appointment is expected shortly.

 

Additional information:

Aneliya Nikolova Erdly, aged 48, holds no shares in Star Energy Group plc. She
has been a director or partner of the following companies or partnerships
during the five years preceding the date of the announcement:

 Current directorships:       Past directorships (last five years)
 Asani Management UK Ltd      None

 East Sun Bulgaria EAD

 Eruditio EOOD

 Soleste EOOD

 Asani Management AD

 Pattini EOOD

 Anerg Asset Management EAD

 Anerg AD

 Anerg Renar EOOD

 Anerg Okean EOOD

 Anerg Montan EOOD

 Anerg Geran EOOD

 Anerg Fox EOOD

 Anerg Vilo EOOD

 Anerg Kalipetrovo EOOD

 Anerg Solar EOOD

 Brio Select EOOD

 Ergoroma Commercial Ltd

 

Save as set out in this announcement, there are no further details to be
disclosed under Rule 17 or Schedule 2(g) of the AIM Rules for Companies in
respect of Ms Erdly.

 

For further information please contact:

Star Energy Group plc
                               Tel: +44 (0)20 7993 9899

Ann-marie Wilkinson, Chief of Staff

 

Investec Bank plc (NOMAD and Joint Corporate Broker)        Tel: +44
(0)20 7597 5970

Virginia Bull/Chris Sim/Charles Craven

 

Canaccord Genuity (Joint Corporate Broker)
      Tel: +44 (0)20 7523 8000

Henry Fitzgerald-O'Connor/James Asensio

 

Vigo Consulting
                                       Tel: +44 (0)20 7390
0230

Patrick d'Ancona/Finlay Thomson/Kendall Hill

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAEAAAXFEKDFFA