Utilitywise plc Completion of Acquisition & Board Appointment (5502I)

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

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