APR Energy PLC Directorate Change (9712M)
January 26 2016 - 2:00AM
UK Regulatory
TIDMAPR
RNS Number : 9712M
APR Energy PLC
26 January 2016
26 January 2016
Director Changes
APR Energy (LSE: APR) or ("the Company"), a global leader in
fast-track power solutions, today announces that Greg Bowes has
informed the Board that he is stepping down from his role as
Non-Executive Director, with immediate effect. The Company also
announces the immediate appointment of Quinn McLean, Guy Bentinck,
Aron Schwartz, Jonathan Ginns and Pieter Wernink as new Directors
representing the Consortium of Fairfax Financial Holdings Limited,
ACON Investments and Albright Capital Management, which gained
shareholder approval 4 January to acquire the Company and take it
private.
"We thank Greg for his leadership and guidance during his long
service as a Board member. His wise counsel during our growth and
steady hand in challenging periods have been invaluable. We wish
Greg well in his future endeavors and thank him for the outstanding
contributions made to the Company," said Executive Chairman John
Campion.
"I also want to welcome our new Directors to the APR Energy
Board," Campion said. "The diverse skills and experience that they
bring to the Board, coupled with the track record of success they
have had as investors across a number of other businesses, will
serve us well going forward. They have worked tirelessly in recent
months to gain a deep understanding of our business, and we are
fortunate to have such strong partners working with us to grow the
Company and achieve our long-term goals."
Mr. McLean is Portfolio Manager at Hamblin Watsa Investment
Counsel, a wholly-owned subsidiary of Fairfax Financial Holdings
Limited, provides global investment management services solely to
the insurance and reinsurance subsidiaries of Fairfax. He also is a
Director at Gulf Insurance Group, AFGRI Limited and First Capital
Insurance Limited.
Mr. Bentinck currently is a consultant with Fairfax Financial
Holdings Limited. He also is a Director at Manabi S.A., and serves
as President and CEO of Potash Ridge Corporation.
Mr. Schwartz is Managing Partner at ACON Investments. He also is
a founding Board member at CION Investment Corporation, and serves
as a Board member at Igloo Corporation and Ancora Education.
Mr. Ginns is a founder and Managing Partner at ACON Investments.
He also serves on the Board of Sequitur Energy Services, and
previously was a Director at Mariner Energy and Northern Tier
Energy.
Mr. Wernink is Managing Director at Albright Capital Management.
Previously, he served as a Director at Citigroup Venture Capital
International.
Ends
Enquiries:
APR Energy plc
Lee Munro (investors) + 1 904 404 4576
Manisha Patel (investors) + 1 904 517 5135
Alan Chapple (media) + 1 904 223 2277
CNC Communications
Nick Bastin +44 (0) 20 3219 8814 / +44 (0) 7931 500 066
Michael Kinirons +44 (0) 20 3219 8803 / +44 (0) 7827 925 090
About APR Energy
APR Energy is the world's leading provider of fast-track mobile
turbine power. Our fast, flexible and full-service power solutions
provide customers with rapid access to reliable electricity when
and where they need it, for as long as they need it. Combining
state-of-the-art, fuel-efficient technology with industry-leading
expertise, our scalable turnkey plants help run cities, countries
and industries around the world, in both developed and developing
markets. For more information, visit the Company's website at
www.aprenergy.com.
Certain statements included in this announcement constitute, or
may constitute, forward-looking statements. Any statement in this
announcement that is not a statement of historical fact (including,
without limitation, statements regarding the Company's future
expectations, operations, financial performance, financial
condition and business) is or may be a forward-looking statement.
Such forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially
from those projected or implied in any forward-looking statement.
These risks and uncertainties include, among other factors,
changing economic, financial, business or other market conditions.
Although any such forward-looking statements reflect knowledge and
information available at the date of this announcement, reliance
should not be placed on them. Without limitation to the foregoing,
nothing in this announcement should be construed as a profit
forecast.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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