TIDMUTW

RNS Number : 6880B

Utilitywise plc

06 March 2014

6 March 2014

Utilitywise Plc

("Utilitywise" or "The Company")

Resignation of Director

Utilitywise plc announces that, following the successful integration of the Energy Information Centre ("EIC") business acquired in July 2013, Mr Simon Butterfield has resigned from the Board of Directors with effect from the 6(th) March 2014 to pursue other interests.

Geoff Thompson, Chief Executive of Utilitywise, commented: "On behalf of the Board I would like to thank Simon for his contribution to the Company and wish him every success for the future. The acquisition of EIC created an energy procurement and consultancy business of real scale and we have been pleased with how seamlessly the integration has taken place."

Simon remains a substantial shareholder in Utilitywise.

As announced in its trading update of 5 February, Utilitywise will announce interim results on Tuesday 29(th) April.

For further information:

 
 Utilitywise plc                                     0870 626 0559 
 Geoff Thompson (CEO) 
  Andrew Richardson (CFO) 
 
 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

About Utilitywise

Utilitywise is a leading independent utility cost management consultancy based in South Shields, Tyne and Wear with offices in Portsmouth, Redditch, Leicester and Bury St Edmunds. The company has established trading relationships with a number of major UK energy suppliers and provides services to its customers designed to assist them in achieving better value out of their energy contracts, reduced energy consumption and lower carbon footprint.

Businesses large and small rely on Utilitywise for their energy management needs. Clients range in size from single site SME's to multinationals with thousands of sites and cover the whole of the UK. In total, Utilitywise manages over 67,000 energy meters which have an overall energy consumption of approaching 16 terra watt hours per annum.

Utilitywise is a UK company quoted on the AIM market of the London Stock Exchange. For more information, please visit www.utilitywise.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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