OPG Power Ventures plc Board Changes (1919P)
October 09 2019 - 2:00AM
UK Regulatory
TIDMOPG
RNS Number : 1919P
OPG Power Ventures plc
09 October 2019
9 October 2019
OPG Power Ventures plc
("OPG" or the "Company")
Board Changes
OPG Power Ventures plc (AIM: OPG), the developer and operator of
power generation plants in India, announces that Mr Michael Grasby
and Mr Jeremy Beeton will each stand down as directors of the
Company on 25 November 2019 and in March 2020 respectively. The
Company announces that it intends to appoint two new non-executive
directors, the first of which Mr N Kumar is expected to be
appointed on 25 November 2019. The Company has commenced the search
for a second replacement NED, to ensure that the Company maintains
the appropriate level of governance and board experience following
the departure of Mr Grasby and Mr Beeton.
Mr Grasby joined the Board of OPG in May 2008 and has supported
the Company through a period of immense change and progress and has
provided guidance and contributed to the implementation of
technical, organisational and health and safety systems. Mr Beeton
joined OPG in November 2016 and has provided welcome guidance and
support during his term on the Board.
Mr Kumar is vice Chairman of The Sanmar Group and is on the
Board of a number of companies. He was previously President of
Confederation of Indian Industry.
Commenting on the Board changes, Executive Chairman Arvind Gupta
said:
"On behalf of the Board, as well as in a personal capacity, I
would like to record our thanks to Mike Grasby and Jeremy Beeton
for their considerable contribution to the Company during its
formative decade since Admission and wish them every success in the
future."
For further information, please visit www.opgpower.com or
contact:
+91 (0) 44 429
OPG Power Ventures PLC 11211
Arvind Gupta / Dmitri Tsvetkov
Cenkos Securities (Nominated Adviser +44 (0) 20 7397
& Broker) 8900
Russell Cook / Stephen Keys
+44 (0) 20 7920
Tavistock (Financial PR) 3150
Simon Hudson / Barney Hayward / Nick
Elwes
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 ('MAR')
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
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contact rns@lseg.com or visit www.rns.com.
END
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