Utilitywise plc Board Changes (6492V)

TIDMUTW

RNS Number : 6492V

Utilitywise plc

01 February 2017

Embargoed for release at 7.00 on 1 February 2017

Utilitywise plc

("Utilitywise" or "the Company" or "the Group")

Board Changes

Utilitywise plc (AIM:UTW), a leading independent utility cost management consultancy, is pleased to announce the appointment of Kathie Child-Villiers as a Non-Executive Director of the Company with effect from 1 February 2017.

Kathie, who will serve as Chair of the Audit Committee, has had an extensive career as a corporate finance adviser to the energy sector in the UK, Europe and the US. Key roles include eight years as Managing Director, Resources and Energy Group at HSBC plc Global Banking, where she led the advisory work on a range of major European utility consolidation transactions which transformed and shaped the sector; and Managing Director, Energy and Power Group at Merrill Lynch & Co, where she advised on numerous transactions within the utility industry.

Kathie is currently a Non-Executive Director of Bank of Montreal Capital Markets and Constantine Group plc.

The Company also announces that Tom Maxfield is stepping down as a Non-Executive Director with effect from 1 February 2017. Tom, who joined the Board on flotation in May 2012, has been a member of the Audit and Remuneration Committees, and has chaired the Nomination Committee, throughout his tenure. His contribution has been greatly appreciated and the Board wishes him well in the future.

Geoff Thompson, Executive Chairman of Utilitywise, commented:

"I am delighted to welcome Kathie to the Board. Her passion for the energy industry, together with her exceptional experience in the sector, make her a natural fit for the Group, and our ability to attract a person of her calibre is a great testament to the strength of the business. I look forward to working with Kathie as we continue to drive growth".

"On behalf of the Board, I would like to thank Tom for his significant contribution to the Group and I wish him well in the future".

Brendan Flattery, CEO of Utilitywise, said:

"Utilitywise is a fast-growing and ambitious company, and Kathie's skills and experience further strengthen the Board at this next exciting stage in our evolution. I look forward to working with her as we continue to develop our market leading procurement and energy services businesses".

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies:

Ms Kathleen Child-Villiers (age 51)

Current Directorships / Partnerships:

BMO Capital Markets Limited

Constantine Group plc

Temple Grove Academy Trust

Previous Directorships / Partnerships (held in the last five years):

BW Offshore Limited

Ms Child-Villiers does not currently hold any ordinary shares in the Company

There are no other disclosures required in relation to Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies.

For further information please contact:

 
 Utilitywise PLC                         0330 303 0233 
 Brendan Flattery (CEO) 
 Richard Laker (CFO) 
 
 finnCap (NOMAD and broker)              020 7220 0500 
 Matt Goode/ Grant Bergman (Corporate 
  Finance) 
 Simon Johnson (Corporate Broking) 
 
  Liberum (Joint broker)                   020 3100 2000 
 Robert Morton/ Steve Pearce 
 Redleaf Communications                  020 7382 4730 
 Rebecca Sanders-Hewett/ Richard 
  Gotla/ David Ison/ Susie Hudson 
 

About Utilitywise

Utilitywise is a leading independent utility cost management consultancy based in Newcastle upon Tyne. The Group has established trading relationships with a number of major UK and European 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.

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

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February 01, 2017 02:00 ET (07:00 GMT)