Velocys PLC Directorate Change (1177E)
07 February 2018 - 6:00PM
UK Regulatory
TIDMVLS
RNS Number : 1177E
Velocys PLC
07 February 2018
News release
Velocys plc
("Velocys" or "the Company")
7(th) February 2018
Directorate Change
Investor feedback received during last month's fundraising
expressed a wish to see a strong push to identify strategic
partners both at corporate and project level, as well as changes in
the structure of the Board. To facilitate the last of these, Julian
West has agreed to resign as a Non-executive Director, with
immediate effect. The Board will immediately embark into the
process of defining the skills it requires from a new Non-executive
Director and commission a thorough search.
Julian said, "It's been a treat to work with Velocys over the
last 8 years - some impressive people in tough times that have laid
a foundation for remarkable achievement. My best wishes in finding
the right path forward to realise that potential."
Dr Pierre Jungels, CBE, Chairman of the Board, wishes to thank
Julian for his powerful contributions to the Board over the years
and in particular for his help as Senior Independent Director
during the changes of executives and the review of strategy. His
clear analysis and vision helped the Board during this transitional
period and will be missed.
- Ends -
For further information, please contact:
Velocys +44 1235 838
David Pummell, CEO 621
Numis Securities (Nomad and joint
broker)
Alex Ham
Stuart Skinner
Jamie Lillywhite +44 20 7260
Tom Ballard 1000
Canaccord Genuity (Joint broker)
Henry Fitzgerald-O'Connor +44 20 7523
Ben Griffiths 8000
Camarco (Financial communications
& PR)
Billy Clegg
Georgia Edmonds +44 20 3757
Tom Huddart 4983
www.velocys.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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