GETECH Group plc Board Changes (4472Y)
13 May 2021 - 4:00PM
UK Regulatory
TIDMGTC
RNS Number : 4472Y
GETECH Group plc
13 May 2021
13 May 2021
Getech Group plc
("Getech" or the "Company")
Board Changes
Getech, a provider of data, knowledge and software to the energy
industry, is pleased to report that, following a thorough external
recruitment process, Michael Covington will join the Board of
Getech as Non-Executive Director and Chairman Designate of the
Audit Committee with immediate effect. To facilitate a handover
period, Alison Fielding, a current Non-Executive Director and chair
of the Audit Committee will complete the 2020 audit and will retire
from the Getech Board on 30 June 2021, at which time Michael shall
assume the Audit Chair position.
Michael is an experienced renewable energy and cleantech
investment director and consultant and has a breadth of experience
that is directly relevant to the future strategy of the Company,
which is to use Getech's earth science and geospatial skills to
accelerate the path to global net-zero.
The appointment of Michael continues the board transition
process aimed at aligning the Non-Executive expertise with the
Company's strategy to apply its core earth science and geospatial
expertise to a wider array of industries engaged in the energy
transition and assisting them to discover and de-risk the
development of assets that include mining of rare earth and battery
metals, geothermal, CCUS (blue hydrogen) and green hydrogen
hubs.
Richard Bennett Chairman of Getech commented:
"I am very pleased to welcome Michael as Independent
Non-Executive Director. Getech will greatly benefit from his wealth
of experience gained across his extensive career in the renewable
energy and finance industry particularly in commercial and
investment agreements, funding, audit and M&A.
Following the recent successful equity fundraising, Getech's
strategy continues to target ambitious sustainable growth and the
Company is ensuring that it has the necessary skills to support our
current customers and add value to new ones. By bringing Michael's
extensive cleantech and renewable energy expertise into the fold
our offering is strengthened further.
I would also like to express both my personal and Getech's
gratitude to Alison Fielding for her support and dedication to the
Company's development over the previous 10 years. Alison's
expertise and support have been crucial over the period of her
involvement in the Company".
For further information, please contact:
Getech Group plc Tel: 0113 322 2200
Jonathan Copus, Chief Executive
Cenkos Securities plc
Neil McDonald / Pete Lynch (Corporate Finance)
Michael Johnson / Julian Morse (Sales) Tel: 0207 397 8900
Camarco
James Crothers / Ollie Head / Toby Strong Tel: 020 3781 8331
Notes to editors:
Getech (AIM: GTC) has a well-established position within the
global energy market, assisting clients with its unique combination
of products and services, that utilise the Group's sub-surface
skills and geospatial design and implementation capabilities
alongside a deep knowledge and understanding of how to deploy
data.
The Company is leveraging its strong market position, utilising
its existing expertise, and targeting additional commercial
opportunities, to de-risk and accelerate the global transition to
renewable sources of energy while strengthening its existing and
well-established business.
Getech is listed on the AIM market of the London Stock Exchange.
For further information, please visit www.getech.com
The following information regarding the appointment of Michael
Paul Covington is required to be disclosed under Schedule 2(g) of
the AIM Rules for Companies:
Name: Michael Paul Covington
Age: 52
Current Directorship / Partnerships: Kurling Invents SL
Previous Directorship / Partnerships: Denver Partners Limited
Enertechnos Holdings Limited
Energy Strategic Value Management Limited
SI Capital Group, S.L.
SI Capital Private Equity S.A. SGEIC
There are no further disclosures to be made under Schedule 2(g)
of the AIM Rules for Companies.
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END
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