Utilitywise plc Completion of Acquisition & Board Appointment (5502I)
July 03 2013 - 10:25AM
UK Regulatory
TIDMUTW
RNS Number : 5502I
Utilitywise plc
03 July 2013
Utilitywise plc
("Utilitywise" or the "Company")
Completion of Acquisition & Board Appointment
Utilitywise (AIM:UTW), a leading independent utility cost
management consultancy, is pleased to announce that, following
Admission becoming effective this morning, that the Company's
Acquisition of Energy Information Centre Limited ("EIC") is now
complete.
Accordingly, and as outlined in the Circular to Shareholders
dated 13 June 2013, the Company is pleased to welcome Simon
Butterfield as an executive director of the Company. Simon has been
the Managing Director of EIC since 2007, having joined in 1996
following a career in sales and marketing for a number of
international hotel groups. Further information in respect of Mr
Butterfield is set out below.
Defined terms used in this announcement, unless otherwise
stated, have the same meaning as those set out in the announcement
of the Transaction on 13 June 2013.
Commenting on the appointment, Richard Feigen, chairman of
Utilitywise said: "I am delighted to welcome Simon to the Company's
board of directors. EIC is a significant acquisition for us and
Simon's deep understanding of the industrial and commercial markets
will be of huge benefit. At the recent Energy Live Awards, EIC and
Utilitywise each won two awards, which underlines the strength of
both companies in their respective markets."
For further information:
Utilitywise PLC 0870 626 0559
Geoff Thompson, CEO
finnCap (NOMAD and broker) 020 7220 0500
Matt Goode / Charlotte Stranner / Henrik Persson
(Corporate Finance)
Simon Johnson (Corporate Broking)
Newgate Threadneedle 020 7653 9850
Josh Royston / John Coles / Hilary Millar
Simon Edward Butterfield (age 45) is or has been a director or
partner of the following companies or partnerships during the
previous 5 years:
Current Previous
--------------------------- ----------------------
Energy Information Centre Broadfern Partnership
Limited
--------------------------- ----------------------
EIC Energy Trading Limited
--------------------------- ----------------------
There is no further information on Mr. Butterfield required to
be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the
AIM Rules for Companies.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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