Board Appointment

RNS Number : 6822G

AMTE Power PLC

17 November 2022

 

17 November 2022

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE UK VERSION OF REGULATION (EU) NO 596/2014 WHICH IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

AMTE Power Plc

("AMTE Power" or the "Company")

Board Appointment

AMTE Power plc, a leading manufacturer of battery cells for specialist markets, is pleased to announce the appointment of Anita Breslin to the Board as Chief Financial Officer. Anita will join the Board with effect from 28 November 2022 and become Chief Financial Officer on 1 December 2022.

Anita brings more than 20 years' experience in financial and commercial operations, most recently as Group Finance Director at Blue International Group, a privately owned Integrated mining, energy, and infrastructure business in Sub-Sahara Africa. Prior to this, Anita worked at Joule Africa, a renewable energy business as Interim CEO and CFO and has also held senior roles at Vattenfall Heat UK Ltd and BG Group plc.

Anita qualified as a Chartered Accountant with PricewaterhouseCoopers.

David Morgan, Chairman of AMTE Power, commented:

"I am delighted to welcome Anita to the Board and look forward to working with her. She brings strong financial experience, and I am confident will contribute significantly to AMTE Power as it continues on its ambitious growth trajectory."

Anita Breslin, commented:

"I am very excited to be joining AMTE Power and supporting Alan, the new CEO, and the team as the business enters the next phase of its exciting growth to scale up and meet the huge demand for battery technology."

Anita Carole Breslin (aged 53), whose married name is Slater, was a Director of Maidenhead Lawn Tennis Club Limited until September 2021 and the Sierra Leone company Seli Hydropower Limited until 24 June 2022.

There are no further disclosures to be made pursuant to Schedule 2 paragraph (g) of the AIM Rules. 

Ms Breslin does not hold any ordinary shares in the Company.

The person responsible for arranging the release of this announcement on behalf of the Company is Alan Hollis, Chief Executive Officer of the Company.

Enquiries:

AMTE Power plc	[phone]
David Morgan (Chairman)
WH Ireland (NOMAD and Joint Broker)	[phone]
Chris Fielding / James Bavister / Megan Liddell (Corporate Finance)
Fraser Marshall (Corporate Broking)
Panmure Gordon (UK) Limited (Joint Broker)	[phone]
John Prior / James Sinclair-Ford (Corporate Finance)
Hugh Rich (Corporate Broking)
Camarco (Financial PR)	[phone] / 4981
Ginny Pulbrook / Rosie Driscoll

Notes to Editors:

AMTE Power was founded in 2013 and is a leading developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets. In March 2021, the Company was admitted to trading on the AIM market of the London Stock Exchange. The Company is focused on launching a series of next generation battery cells based on new chemistries and cell structures that are designed to solve key problems in power delivery, energy performance, and safety. These new products are targeted at a range of specialist markets including the electric vehicle industry and energy storage sector.

AMTE Power's purpose-built cell manufacturing facility in Thurso, Scotland has the second largest cell manufacturing capacity in the UK and the Company also has a product development team based in Oxford. AMTE's proposed state-of-the-art MegaFactory in Dundee, Scotland is expected to be operational and in production by Q3 2025 and will be capable of producing over 25,000 high added value batteries per day enabling the Company to rapidly scale up cell production.

For further information visit the Company's website:  www.amtepower.com

 

END

 

 

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