Appointment of Independent Non-Executive Director

RNS Number : 8394M

eEnergy Group PLC

26 January 2021

 

26 January 2021

eEnergy Group plc

("eEnergy" or "the Group")

Appointment of Independent Non-Executive Director

eEnergy Group plc (AIM: EAAS), a leading "Energy Efficiency-as-a-Service" (EEaaS) business in the UK and Ireland, is pleased to announce the appointment of Gary Worby as an Independent Non-Executive Director of the Board of the Company and member of the Remuneration Committee, with immediate effect.

Gary brings considerable strategic experience to eEnergy, having worked in the energy and carbon sector for many years. In his role as an Independent Non-Executive Director, he will support the Board to help build eEnergy into a market-leading integrated energy management and energy savings platform, as well as strengthening the Group's corporate governance.

Gary's career has included various executive leadership roles guiding businesses through organic growth and pan-European expansion, acquisitions, and trade sales. He was Managing Director of EnergyQuote JHA, one of the largest pan-European energy consultants with a world-class client base, which was acquired by Accenture in 2014. He was subsequently Managing Director of Energy and Carbon Management, a specialist UK energy, carbon, and water consultancy, acquired by Inprova Finance in 2018 which was then itself acquired by Inspired Energy plc in the same year.

Gary is currently Executive Chairman of UDIntel, which creates pioneering data modelling solutions for the utility market.

Commenting on the appointment, Harvey Sinclair, CEO, eEnergy said:  

"Gary will bring to eEnergy considerable experience in the energy management industry. He will make a valuable contribution as we build a market-leading integrated energy management and energy savings platform. Gary's decision to join eEnergy is testament to the quality of people that we can attract, and his appointment as an additional independent non-executive strengthens the Board's corporate governance."

Gary added:

"I'm excited to join eEnergy at this point in its development.  The recent acquisition of Beond is the first step in creating a unique integrated energy management and energy efficiency platform that will support clients on their journey towards achieving Net Zero."

Contacts:

eEnergy Group plc	Tel: [phone]
Harvey Sinclair, Chief Executive Officer	[e-mail] ; www.eenergyplc.com
N+1 Singer (Nominated Adviser and Joint Broker)	Tel: [phone]
Justin McKeegan, Mark Taylor, Carlo Spingardi (Corporate Finance) Tom Salvesen (Corporate Broking)
Turner Pope Investments (Joint Broker)	Tel: [phone]
Andy Thacker	[e-mail]
SEC Newgate	Tel: [phone]
Robin Tozer Isabelle Smurfit	[e-mail]

Disclosures

The following information in relation to Gary Worby is disclosed in accordance with Schedule 2(g) of the AIM Rules for Companies:

Full name: Gary Brian Worby

Age: 54

Shares held on Admission: 2,311,701

Directorships held in the past five years:

Current directorships/partnerships · Utility Data Intelligence Ltd	Past directorships/partnerships · Energy and Carbon Management Holdings Ltd · Energy and Carbon Management Ltd
Other Disclosures: John Hall Associates Limited, dissolved via voluntary strike-off in October 2013.

There are no further disclosures to be made under Schedule 2(g) of the AIM Rules for Companies.

About eEnergy Group plc

eEnergy Group plc is a leading "Energy Efficiency-as-a-Service" (EEaaS) business focused on providing its core "Light-as-a-Service" ("LaaS"), to educational and commercial & industrial customers through its eLight and RSL operations in the UK and Ireland. The Group helps businesses and schools switch to LED lighting, typically for a fixed monthly service fee, avoiding any upfront payments.

eEnergy was admitted to AIM in January 2020.  The Board's strategy is to develop eEnergy as a broader energy services company and acquire other businesses in the energy management sector. The market in the EU for energy efficiency services was approximately €25 billion in 2017 and is expected to double by 2025. 

In December 2020, eEnergy completed the acquisition of Beond Group Limited. Beond is a UK-based renewable energy consulting and procurement business, whose services aim to reduce costs for clients and tackle climate change.  Beond's services include provision of clean energy strategy, smart energy procurement, hedging strategies, bill validation, bureau services and market intelligence. However, its key offering is its proprietary platform used to run reverse energy auctions for clients.

eEnergy has been awarded The Green Economy Mark by the London Stock Exchange, which recognises a company's work on sustainability. 

https://eenergyplc.com/  

 

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