REG - Tekmar Group PLC - Appointment of Non-Executive Directors

TekmarAnnouncement

20/04/2023 08:15

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RNS Number : 8288W  Tekmar Group PLC  20 April 2023

20 April 2023

Tekmar Group plc

("Tekmar", or the "Company")

Appointment of Non-Executive Directors

Tekmar Group (AIM: TGP), a leading provider of technology and services for the
global offshore energy markets, is pleased to announce that further to the
announcements on the 31 March 2023 and 19 April 2023, Steve Lockard and Colin
Welsh will be appointed to the board as Non-Executive Directors with immediate
effect, following the successful completion of customary due diligence checks
by the Company's nominated adviser.

Steve Lockard has over 35 years of experience in global operations leadership
and has been an operating partner of SCF since 2021 where he supports energy
transition investments and company platform building. He is the former CEO and
current Chairman of NASDAQ-quoted TPI Composites, where he led the company's
transformation from a New England based boat builder to the largest
independent global wind blade manufacturer. He is Chairman of Keystone Tower
Systems, an innovative manufacturer of wind turbine towers, and also serves on
the board of Powerstar, a SCF portfolio company, which is a UK-based provider
of energy storage and power resilience systems. He served for 10 years on the
board of the American Wind Energy Association (AWEA) and served on its
transition board, leading the CEO search committee, as AWEA was merged into
the newly created American Clean Power Association (ACP).

Colin Welsh is a Partner of SCF Partners. Prior to joining SCF in 2017, he
served as Head of International Energy Investment Banking at Simmons &
Company International, having joined Simmons in 1999 and building the firm's
activities outside of North America from its offices in Aberdeen, London and
Dubai. Before joining Simmons & Company he spent 16 years at Ernst and
Whinney, Touche Ross and RMD. Between 2010 and 2015 he led the campaign to
fund the construction of a Maggie's Cancer Care Centre in Aberdeen and he
continues to be a Patron of that charity. Colin currently serves on the boards
of SCF portfolio companies Centurion, Score Group, Hydrasun, Powerstar and
Global E&C.

 

Additional information in respect of the AIM Rules

The following information regarding the appointment of Steven Charles Lockard
(aged 61) is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules
for Companies ("AIM Rules"):

 Current directorships/partnerships  Past directorships/partnerships
 ·    TPI Composites, Inc.           ·    American Wind Energy Association

 ·    Keystone Tower Systems

 ·    EMSc (UK) Ltd.

 ·    Good Work Capital LLC

 ·    BloomKidz Inc

 

As at the date of this announcement, Steve Lockard holds 3,888,889 ordinary
shares in the Company equivalent to 2.86% of the Company's issued share
capital.

Save as set out above, there is no further information to be disclosed in
respect of Steven Lockard under Schedule 2(g) of the AIM Rules.

 

The following information regarding the appointment of Colin Ian Welsh (aged
63) is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules:

 Current directorships/partnerships                                Past directorships/partnerships
 ·    Craigshannoch Limited                                        ·    Simmons & Company International Capital Markets Limited

 ·    Silverwood Partners Limited Liability                        ·    Project Regent 1 Limited

 ·    Jigsaw Bidco                                                 ·    Project Regent 2 Limited

 ·    Jigsaw Topco Limited

 ·    Fuel Cell Systems Ltd

 ·    Glendevon Capital Partners Ltd

 ·    EMSC Global

 ·    HGEN 2 Energy Ventures Ltd

 ·    Buchan 1 Ltd

 ·    Buchan 2 Ltd

 ·    Shelf Subsea Holdings UK Ltd

 ·    Shelf Subsea Services UK Ltd

 ·    Global Energy (Engineering & Construction) Limited

 ·    Hycaero Limited

 ·    Score Energy Limited

 ·    Hycrome (Europe) Limited

 ·    Score Group Limited

 ·    Global Energy (Engineering & Construction) Limited

 

Save as set out above, there is no further information to be disclosed in
respect of Colin Welsh under Schedule 2(g) of the AIM Rules.

 

 

Enquiries:

 Tekmar Group plc

 Alasdair MacDonald / Leanne Wilkinson                              +44 (0)1325 349 050

 Singer Capital Markets (Nominated Adviser and Joint Broker)        +44 (0)20 7496 3000

 Rick Thompson / George Tzimas / Alex Emslie

 Berenberg (Joint Broker)                                            +44 (0)20 3207 7800

 Chris Bowman / Ben Wright / Ciaran Walsh

 Bamburgh Capital Limited (Financial PR & Investor Relations)       +44 (0) 131 376 0901

 Murdo Montgomery

 

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