Libertine Holdings PLC Non-Executive Director Appointment (0023V)
05 August 2022 - 4:00PM
UK Regulatory
TIDMLIB
RNS Number : 0023V
Libertine Holdings PLC
05 August 2022
5 August 2022
Libertine Holdings PLC
("Libertine" the "Company" or the "Group")
Non-Executive Director Appointment
Libertine Holdings PLC (LSE AIM: LIB), a developer of clean,
highly efficient and fuel-flexible Linear Generator products, is
pleased to announce the appointment of Peter Wright as an
independent Non-Executive Director with immediate effect.
Peter has extensive experience in accounting and risk management
from a career both in industry and professional services spanning
over 25 years. He has held senior roles at Deloitte, where he
worked closely with a wide range of businesses, as well as at
Britannic plc and Foseco plc. He is currently Independent Chair of
the Audit Committee at UNIQA Insurance Group (previously AXA
Insurance) in Czech Republic and Slovakia, a role he has held since
2015.
Libertine is also pleased to have recently appointed Julia
Langton as People Director to lead the Company's employee
engagement and recruitment strategy.
Keith Jackson, Chairman of Libertine, commented:
"We are delighted to welcome Peter to the Board. He has a keen
interest in powertrain technologies and his prior experience fits
well with our desire to appoint a qualified accountant to the Audit
& Risk Committee, which he will chair. Further, his
considerable global tax knowledge will assist Libertine's strategic
development as we advance our operations and sales into overseas
markets.
We are also very pleased to welcome Julia to the Company in her
capacity of People Director, with her experience in supporting the
growth of similar stage AIM listed companies."
Additional information regarding Peter Wright, pursuant to
paragraph (g) of Schedule Two of the AIM Rules for Companies, is
set out below:
Mr Peter Frederick Wright, (aged 58)
Current Directorships and Partnerships Past Directorships and Partnerships over the last 5 years
None 36 Percy Gardens Management Company Limited
----------------------------------------------------------
Peter Wright does not hold any shares or options in the
Company.
There are no further disclosures to be made in relation to the
appointment of Peter Wright in accordance with Rule 17 or Schedule
Two paragraph (g) of the AIM Rules for Companies.
For further information, please visit www.libertine.co.uk or
contact:
Libertine Holdings PLC via Tavistock
Sam Cockerill, Chief Executive Officer
Gareth Hague, Chief Financial Officer
Panmure Gordon (NOMAD and Broker) +44 20 7886 2500
John Prior
Ailsa Macmaster
Hugh Rich (Corporate Broking)
Tavistock (Public Relations and Investor Relations) +44 207 920 3150
Simon Hudson libertine @tavistock.co.uk
Rebecca Hislaire
Nick Elwes
Notes to editors
Founded in 2009, Libertine has developed a technology platform
solution for powertrain Original Equipment Manufacturers ("OEMs"),
enabling efficient and clean power generation from renewable fuels.
Libertine was admitted to trading on the AIM market of the London
Stock Exchange in December 2021. Libertine's linear electrical
machines, controls and developer tools together form a technology
platform (intelliGEN(TM)) which the Company provides to customers
for the development of clean, highly efficient and fuel-flexible
Linear Generator products. The platform is a result of over a
decade of development of Linear Generator technology with multiple
successful client-led programmes.
The potential market for Linear Generator products goes well
beyond the distributed power generation applications where Linear
Generators are already in commercial use today, complementing
intermittent renewable power with clean, on-demand power
generation. Linear Generators also have the potential to complement
battery electrification in hybrid powertrains as range extenders,
addressing the practical and economic barriers to rapid adoption of
clean electric propulsion using battery electric powertrain
technology alone. Linear Generator products using Libertine's
technology could work alongside battery electrification in a wide
range of hybrid systems including:
-- Heavy-duty hybrid powertrains of trucks, buses, tractors, construction and mining equipment
-- Medium and light-duty hybrid powertrains of commercial
vehicles operating over longer distances;
-- A proportion of the passenger automotive market where vehicle
use and recharging constraints are a barrier to battery
electrification; and
-- A wide range of off-grid, portable power and distributed power generation applications.
Libertine receives engineering fees by providing its linear
e-machine hardware, controls and developer tools into OEM client
product development programmes, and seeks to license its technology
for volume production. Working with OEMs from an early stage in the
development cycle ensures Libertine's technology is effectively
integrated into OEM products, maximising the performance and
economic benefits provided by Libertine's platform technology.
Libertine has developed a portfolio of over 30 granted patents in
addition to a significant body of technical know-how developed
since the company's formation in 2009. The Company's senior
management team and board includes executives with decades of deep
technical experience in the automotive and energy industries.
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END
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