Plutus PowerGen PLC Board Changes (0472B)
June 13 2016 - 10:58AM
UK Regulatory
TIDMPPG
RNS Number : 0472B
Plutus PowerGen PLC
13 June 2016
Plutus PowerGen plc / Ticker: PPG/ Index: AIM
Plutus PowerGen plc ("PPG" or the "Company")
Board Changes
Plutus PowerGen plc, the AIM listed power company focused on the
development, construction and operation of flexible stand-by
electricity generation in the UK, announces that Jo Dixon,
Non-Executive Director of the Company, has resigned from the Board
with immediate effect. Tim Cottier has today been appointed to the
Board as Non-Executive Director.
Timothy Robin Cottier, FCA ("Tim") is a Chartered Accountant who
has spent many years in the corporate finance, real estate and
green energy sectors. He qualified with Thornton Baker (now Grant
Thornton) in London and spent several years with Price Waterhouse
Coopers in both the UK and the Bahamas.
He is currently CEO of Kinloch Corporate Finance, a corporate
advisory company based in London and Leeds which specialises in
capital raising, private equity, venture capital and M&A
activities within the SME sector dealing with transaction sizes
from GBP1 million to GBP50 million. He is involved with a number of
sustainable energy projects as adviser and in particular, the waste
to energy sector. Tim established Kinloch Corporate Finance after
exiting from a leading accountancy practice in Leeds where he
headed up the corporate finance division.
Tim has also been involved in a number of commercial property
development schemes both as principal and adviser, finding sites
for commercial schemes, helping with the planning aspects and
raising the capital for the transactions. He was a partner in
Marlin Properties until 2002 and is an investor in several property
projects in North Yorkshire.
Charles Tatnall, Executive Chairman of PPG, commented, "I am
pleased to welcome Tim Cottier to the Board as a Non-Executive
Director. He brings a wealth of experience as an adviser to growing
companies. We continue to progress the listed bond issue and look
forward to updating shareholders in due course."
Tim, aged 62, currently holds or has held the following
directorships and partnerships in the last five years:
Current Directorships Past Directorships
City Breweries Ltd Jarrow Brewery Limited
Kinloch Commercial Finance Jarrow Brewing Company
Ltd Ltd
Kinloch Corporate Finance Jarrow Innovations Ltd
Ltd Leisurely Lunch Limited
Liverpool Investments Westpennant Ltd
Ltd
White Star Investments
(Liverpool) Ltd
Tim was formerly a director of Leeds Trust Plc which was subject
to a members' liquidation in 1993. Tim had provided a personal
guarantee in respect of Leeds Trust Plc and following the members
liquidation of Leeds Trust plc entered into an Individual Voluntary
Agreement ('IVA') with creditors in 1994. The IVA was completed in
June 1999, subsequent to a settlement payment in line with the
agreed terms of the IVA.
Tim was appointed a director of Jarrow Brewery Ltd on 1
September 2014 and resigned on 2 April 2015. On 30 April 2015,
Jarrow Brewery Ltd entered into a creditors' voluntary liquidation
and appointed a liquidator. Jarrow Brewery Ltd remains in
administration and as at 30 April 2015 the estimated deficiency as
regards members was approximately GBP670,000.
**ENDS**
For further information regarding the Company please visit
www.plutuspowergen.com or contact:
+44 (0) 20 3705
Charles Tatnall PlutusPowerGen Plc 8350
+44 (0) 20 3705
Phil Stephens PlutusPowerGen Plc 8352
SP Angel Corporate +44 (0) 20 3470
Finance LLP 0470
Ewan Leggat SP Angel Corporate +44 (0) 20 3470
Laura Harrison Finance LLP 0470
Elisabeth St Brides Partners +44 (0) 20 7236
Cowell Ltd 1177
St Brides Partners +44 (0) 20 7236
Hugo de Salis Ltd 1177
This information is provided by RNS
The company news service from the London Stock Exchange
END
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