Utilitywise plc Board Changes (9049A)

TIDMUTW

RNS Number : 9049A

Utilitywise plc

04 January 2018

4 January 2018

Utilitywise plc

("Utilitywise" or "the Company")

Board Changes

Utilitywise plc (AIM:UTW), a leading independent utility cost management consultancy, today announces that Non-Executive Directors Richard Feigen and Paul Hailes will retire by rotation from the Board of Directors at the next Annual General Meeting ("AGM") of the Company and are not seeking re-election. The AGM will be held on 30 January 2018.

Both Richard and Paul have been Board members since the Company's flotation in 2012, with Richard serving as Chairman until stepping down in October 2016, while remaining a Non-Executive Director. He currently sits on the Audit and Nomination Committees. Paul chairs the Nomination Committee and is a member of the Audit and Remuneration Committees. Immediately following the AGM, Chairman Simon Waugh will join the Audit and Nomination Committees. Accordingly, the Audit Committee will then comprise Senior Independent Director, Kathie Child-Villiers, as Chairman and Simon Waugh. The Remuneration and Nomination Committees will then both comprise Simon Waugh as Chairman and Kathie Child-Villiers.

A process has been commenced to identify at least one suitably experienced replacement for the role of Non-Executive Director, and it is anticipated that the new board member will join certain of the Board committees following their appointment

Simon Waugh, Senior Independent Director and Chairman-elect, commented:

"On behalf of the Board, I would like to thank Richard and Paul for all their support over the last five years. Their contributions have been greatly appreciated and we wish them both the very best for the future."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014

For further information

 
 Utilitywise plc                           0330 303 0233 
 Brendan Flattery (CEO) 
 Richard Laker (CFO) 
 
 
 finnCap (NOMAD and broker)                020 7220 0500 
 Matt Goode / Henrik Persson (Corporate 
  Finance) 
 Simon Johnson (Corporate Broking) 
 
  Liberum (Joint broker)                     020 3100 2000 
 Robert Morton / Steve Pearce 
 Redleaf Communications                    020 7382 4747 
 Robin Tozer / Elisabeth Cowell

Utilitywise is a leading independent utility cost management consultancy, which has established trading relationships with a number of major UK and European energy suppliers and provides services to its customers designed to assist them in achieving better value out of their energy contracts, reduced energy consumption and lower carbon footprint.

Utilitywise is a UK company quoted on the AIM market of the London Stock Exchange. For more information, please visit www.utilitywise.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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