PowerHouse Energy Group plc
("PowerHouse" or the "Company")
Directorate Change
The Company announces that Clive Carver has joined the board as a Non-Executive Director with immediate effect.
After qualifying as a chartered accountant with Coopers & Lybrand in 1986, Mr Carver pursued a career as a corporate financier with Shire Trust, Kleinwort Benson, Price Waterhouse, Williams de Broe and Seymour Pierce, culminating in his role in 2006 as a founding Director and Head of Corporate Finance of finnCap, which he undertook until 2011. Mr Carver is currently Chairman of three quoted companies and a non-executive director of Darwin Strategic Limited and Eco City Vehicles.
Keith Allaun, Executive Chairman of the Company said:
“The Board of Directors and I are pleased to welcome Mr Carver to the Company. We believe that having a gentleman with Mr. Carver’s knowledge, expertise and vast experience in the market join the PowerHouse Board of Directors will have a positive impact on the Company as we focus our attention on the commercialisation of our G3-UHt technology."
Clive Carver said:
“With the company’s finances now on a firmer footing the success of the company should rest on the quality of the technology.
I am pleased to be joining the board of Powerhouse at the time of its re-launch and look forward to working with Keith Allaun and his team in translating the quality of the Company’s technology into a return for shareholders.”
The following information is disclosed in accordance with Schedule Two paragraph (g) of the AIM Rules for Companies:
Clive Nathan Carver, aged 55 years, has been a director or partner of the following companies during the five years preceding the date of this announcement:
Current |
Within the past 5 years |
Eco City Vehicles PLC |
Lochard Energy PLC |
365Agile Group PLC |
Lochard Energy Group Limited |
Roxi Petroleum PLC |
Lochard Energy Limited |
Eragon Petroleum PLC |
Zeus Petroleum PLC |
Eragon Petroleum UA |
XCAP Securities PLC |
ELK Associates LLP |
finnCap Limited |
ELK Corporate Services Limited |
fastjet PLC |
Ascent Resources PLC |
|
Ascent Resources d.o.o. |
|
Darwin Strategic Limited |
|
Fairfax Close Management Limited |
|
NCC research Limited |
|
There are no other disclosures required in relation to Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies.
Enquiries:
For additional information please contact:
PowerHouse Energy Group plc
Keith Allaun |
+1 352 359 0911 |
|
|
WH Ireland Limited (Nominated Adviser)
James Joyce / James Bavister |
+44 (0) 20 7220 1677 |
|
|
Vicarage Capital Limited (Joint Broker)
Jeremy Woodgate |
+44 (0) 20 3651 2910 |
Source: PR Newswire
(May 17, 2016 - 2:00 AM EDT)
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