Inspired Energy PLC Appointment of NED and Board Transition (1279D)
29 January 2018 - 6:00PM
UK Regulatory
TIDMINSE
RNS Number : 1279D
Inspired Energy PLC
29 January 2018
29 January 2018
Inspired Energy plc
("Inspired Energy" or the "Group")
Appointment of Non-Executive Director and Board Transition
Inspired Energy (AIM: INSE), a leading UK energy procurement
consultant to UK and Irish corporates and SMEs, is pleased to
announce the following board changes. Gordon Oliver has been
appointed as an independent Non-Executive Director with immediate
effect. Gordon Oliver is the Group Finance Director of James
Halstead plc, (AIM: JHD) a major international group of companies
that manufacture commercial and contract flooring, a position he
has held since 1999.
Gordon qualified with KPMG in 1982, following which he held
positions at BPB Industries plc and Johnson & Firth Brown plc
before joining the James Halstead Group in 1987 as Group Financial
Controller.
Gordon will chair the nominations committee and become a member
of the audit committee, which is chaired by Richard Logan
In addition, Matthew Thornton has notified the Board of his
intention to stand down from the position of Sales Director
following the release of the Group's preliminary results for the
year ending 31 December 2017 on 22 March 2018. Matthew will remain
on the Board as a Non-Executive Director, thereby enabling the
Group to continue to benefit from his insight and experience.
Matthew remains a supportive shareholder of the Group and has
entered into an orderly market agreement in relation to his holding
expiring 31 March 2019.
Following Matthew's transition, the Board will consist of two
Executive Directors supported by a Non-Executive Chairman and three
Non-Executive Directors.
Commenting on the Board changes, Michael Fletcher, Non-Executive
Chairman, said "We would like to welcome Gordon as an independent
member of the Board. Gordon has extensive quoted company experience
having guided the development of James Halstead plc to a market
capitalisation in excess of GBP875 million during his tenure. The
Board looks forward to benefitting from the knowledge and
experience he will bring as we work towards another year of
significant growth and development.
"On behalf of the Board and all at Inspired Energy, I wish to
thank Matthew for his invaluable contribution to the Group's
development. Matthew joined the Group in 2002 and worked tirelessly
in his role as Sales Director setting up Inspired Energy's risked
managed division which has gone from strength to strength and forms
a core part of the Group's corporate division. We look forward to
drawing on Matthew's experience and expertise in his new capacity
as a Non-Executive Director."
Enquiries:
Inspired Energy plc www.inspiredenergy.co.uk
Mark Dickinson (Chief Executive Officer) +44 (0) 1772 689250
Paul Connor (Finance Director)
Shore Capital (Nominated Adviser and
Joint Broker)
Dru Danford
Edward Mansfield +44 (0) 20 7408 4090
Peel Hunt LLP (Joint Broker)
Mike Bell
Sam Cann +44 (0) 20 7418 8900
Gable Communications
Justine James +44 (0) 20 7193 7463
John Bick +44 (0) 7525 324431
inspired@gablecommunications.com
Additional Information, as required under Schedule 2 (g) of the
AIM Rules.
(i) Gordon Richard Oliver aged 59, is currently a director of:
Arai (UK) Limited
Colonia Flooring Pty Ltd (Australia)
Expona Limited
Falck Design AB (Sweden)
Halstead Flooring Concepts Pty Ltd (Australia)
Halstead Flooring International Limited
Halstead Floorings Limited (Ireland)
James Halstead France SAS
James Halstead Plc
JHL Limited
Phoenix Distribution (N.W.) Ltd
Polyflor Australia Pty Limited
Polyflor Canada Inc
Polyflor India (PVT) Limited
Polyflor Limited
Polyflor New Zealand Ltd
Riverside Flooring Ltd
Titan Leisure Group Limited
(ii) Within the last 5 years, he has also served as a director
or been a partner of the following companies:
Titan CPL Ltd
Gordon Oliver has confirmed that there is no other additional
information to be disclosed under Schedule 2 (g) of the AIM
Rules.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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