Inspired Energy PLC Appointment of NED and Board Transition (1279D)

TIDMINSE

RNS Number : 1279D

Inspired Energy PLC

29 January 2018

29 January 2018

Inspired Energy plc

("Inspired Energy" or the "Group")

Appointment of Non-Executive Director and Board Transition

Inspired Energy (AIM: INSE), a leading UK energy procurement consultant to UK and Irish corporates and SMEs, is pleased to announce the following board changes. Gordon Oliver has been appointed as an independent Non-Executive Director with immediate effect. Gordon Oliver is the Group Finance Director of James Halstead plc, (AIM: JHD) a major international group of companies that manufacture commercial and contract flooring, a position he has held since 1999.

Gordon qualified with KPMG in 1982, following which he held positions at BPB Industries plc and Johnson & Firth Brown plc before joining the James Halstead Group in 1987 as Group Financial Controller.

Gordon will chair the nominations committee and become a member of the audit committee, which is chaired by Richard Logan

In addition, Matthew Thornton has notified the Board of his intention to stand down from the position of Sales Director following the release of the Group's preliminary results for the year ending 31 December 2017 on 22 March 2018. Matthew will remain on the Board as a Non-Executive Director, thereby enabling the Group to continue to benefit from his insight and experience. Matthew remains a supportive shareholder of the Group and has entered into an orderly market agreement in relation to his holding expiring 31 March 2019.

Following Matthew's transition, the Board will consist of two Executive Directors supported by a Non-Executive Chairman and three Non-Executive Directors.

Commenting on the Board changes, Michael Fletcher, Non-Executive Chairman, said "We would like to welcome Gordon as an independent member of the Board. Gordon has extensive quoted company experience having guided the development of James Halstead plc to a market capitalisation in excess of GBP875 million during his tenure. The Board looks forward to benefitting from the knowledge and experience he will bring as we work towards another year of significant growth and development.

"On behalf of the Board and all at Inspired Energy, I wish to thank Matthew for his invaluable contribution to the Group's development. Matthew joined the Group in 2002 and worked tirelessly in his role as Sales Director setting up Inspired Energy's risked managed division which has gone from strength to strength and forms a core part of the Group's corporate division. We look forward to drawing on Matthew's experience and expertise in his new capacity as a Non-Executive Director."

Enquiries:

 
Inspired Energy plc                         www.inspiredenergy.co.uk 
 Mark Dickinson (Chief Executive Officer)    [phone] 
 Paul Connor (Finance Director) 
Shore Capital (Nominated Adviser and 
 Joint Broker) 
 Dru Danford 
 Edward Mansfield                            [phone] 
Peel Hunt LLP (Joint Broker) 
 Mike Bell 
 Sam Cann                                   [phone] 
Gable Communications 
 Justine James                                [phone] 
 John Bick                                    [phone] 
                                              [e-mail] 
 

Additional Information, as required under Schedule 2 (g) of the AIM Rules.

   (i)     Gordon Richard Oliver aged 59, is currently a director of: 

Arai (UK) Limited

Colonia Flooring Pty Ltd (Australia)

Expona Limited

Falck Design AB (Sweden)

Halstead Flooring Concepts Pty Ltd (Australia)

Halstead Flooring International Limited

Halstead Floorings Limited (Ireland)

James Halstead France SAS

James Halstead Plc

JHL Limited

Phoenix Distribution (N.W.) Ltd

Polyflor Australia Pty Limited

Polyflor Canada Inc

Polyflor India (PVT) Limited

Polyflor Limited

Polyflor New Zealand Ltd

Riverside Flooring Ltd

Titan Leisure Group Limited

(ii) Within the last 5 years, he has also served as a director or been a partner of the following companies:

Titan CPL Ltd

Gordon Oliver has confirmed that there is no other additional information to be disclosed under Schedule 2 (g) of the AIM Rules.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 29, 2018 02:00 ET (07:00 GMT)