Inspired Energy PLC Board Changes (1470L)
September 29 2016 - 1:01AM
UK Regulatory
TIDMINSE
RNS Number : 1470L
Inspired Energy PLC
29 September 2016
29 September 2016
Inspired Energy plc
("Inspired Energy" or the "Group")
Board Changes
Inspired Energy (AIM: INSE), a leading UK energy procurement
consultant to UK corporates and SMEs, announces the following
planned Board changes. Bob Holt has today stepped down from his
position as Non-Executive Chairman with Michael Fletcher being
appointed as Non-Executive Chairman. In addition, Mark Dickinson
has been appointed Non-Executive Director, with immediate
effect.
Michael Fletcher, who has been on the Board since Inspired
Energy listed in November 2011, has been appointed as Non-Executive
Chairman. Mike is co-founder and managing partner of Praetura
Capital LLP, a business specialising in venture investment and
corporate advisory and was formerly a Managing Director at Altium
Capital Limited. Mike has extensive experience in mergers,
acquisitions and corporate finance complementing Inspired Energy's
growth strategy of executing complementary acquisitions. Mike is a
chartered accountant and both FCA and SRA approved.
Mark Dickinson joins the Board as a Non-Executive Director. Mark
is an energy consultancy specialist with over 20 years' experience
of developing and advising companies in the sector. Mark was CEO of
M&C Energy Group where he led the buy and build strategy
completing four acquisitions before selling the company to
Schneider Electric in 2013.
He brings significant industry knowledge coupled with experience
in executing acquisitions and has a Masters in Finance from the
London Business School where he was voted Accomplished Entrepreneur
of the Year in 2012.
Mark Dickinson will chair the nominations committee and Mike
Fletcher will chair the audit committee.
In addition to the changes above, the Board intends to appoint a
further independent non-executive director to the Board in due
course.
Commenting on the Board changes, Janet Thornton, CEO said: "On
behalf of the Board, I would like to thank Bob for his support. Bob
has provided invaluable advice drawing on his broad experience of
public company life in his role throughout the IPO process and
subsequent five years which has seen Inspired Energy evolve from a
GBP10 million fledgling enterprise into a GBP65 million Group. We
wish him well for the future.
"We are delighted that Mike has agreed to step up to the
Chairman's role as he was integrally involved in the IPO, has been
on the Board as a Non-Executive Director since 2011 and provides
the Board with strong counsel and support.
"We would like to welcome Mark, who joins Inspired Energy at a
very exciting time for the business. We have grown significantly
over the past five years, continuing to deliver record results
through our organic growth and strategic acquisitions and look
forward to another exciting year of growth and opportunity for the
business."
Enquiries:
Inspired Energy plc www.inspiredenergy.co.uk
Janet Thornton (Managing Director) +44 (0) 1772 689250
Paul Connor (Finance Director)
David Foreman (Corporate Development
Director)
Shore Capital (Nominated Adviser
and Joint Broker)
Bidhi Bhoma
Edward Mansfield +44 (0) 20 7408 4090
Panmure Gordon (Joint Broker)
Ben Thorne
Erik Anderson +44 (0) 20 7886 2500
Gable Communications
Justine James +44 (0) 20 7193 7463
John Bick +44 (0) 7525 324431
inspired@gablecommunications.com
Additional Information:
The following information is disclosed under Schedule 2 (g) of
the AIM Rules.
Mark Dickinson
(i) Mark Dickinson is 44, is currently a director or partner of:
DDD Ventures Limited
DDD Property Management Limited
Inteligen Limited
Switchenergia Limited
VFinance Limited
(ii) in the last five years, Mark Dickinson has been but is no
longer a director or partner of the following companies or
partnerships:
Career Aspirations Limited
Mark Dickinson has confirmed that there is no other additional
information to be disclosed under Schedule 2 (g) of the AIM Rules
in respect of their own disclosures.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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September 29, 2016 02:01 ET (06:01 GMT)