Renaming of subsidiary company

RNS Number : 4009H

Ross Group PLC

23 November 2022

 

SCMA RNS ANNOUNCEMENT 

Ross Group PLC (Stock Code: RGP) has entered into a Global Exclusive Supply Chain Management Agreement with The Energy Group LLC, in the USA, to initiate, monitor and manage all of their "Green Hydrogen" production and projects; principally through our Ross Group PLC subsidiary, Ross Diversified Trading Ltd., which will then become subsequently renamed as The Energy Group International Ltd or "TEGIL"

For over one decade, Ross Group has been providing various industry-agnostic specialist supply chain management services and, in this instance, we cannot express enough how excited we are about this exceptional opportunity with The Energy Group LLC. They have proven themselves to us to be pioneers in their creation methodology of Green Hydrogen and it is our honour and privilege to be their supply chain manager on a worldwide basis and to be able to provide them with a number of specialist services in order to grow their start-up business.

Green Hydrogen is considered to be the clean transitionary fuel of the future.

The ability to deliver and diversify Green Hydrogen production into ancillary heavy carbon emitting industries and supply chains, including but not limited to Oil & Gas, is one of the prime objectives of our strategic supply chain management plan going forward. We believe this new chapter in the long history of Ross Group PLC will significantly build upon our specialist supply management services while focusing on decarbonizing critical industry supply chains; leading into a positive eco-friendly future.

It is hoped by us that this transaction will be the beginning of a new era for Ross Group.

For further information regarding this announcement please contact Mr Shashank Mehta [e-mail].

 

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