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Affinity Water (19LP)

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Friday 16 February, 2018

Affinity Water

Affinity Water Announces New CEO

RNS Number : 0641F
Affinity Water Programme Finance Ld
16 February 2018
 

Affinity Water Programme Finance Limited (the "Company")

 

£14.2 million of 3.625% Sterling Denominated Fixed Rate Bonds due 2022

£60 million of 2.699% Sterling Denominated Fixed Rate Bonds due 2033

£10 million of 1.024% Sterling Denominated Retail Price Index-Linked Bonds due 2033

£250 million of 4.5% Sterling Denominated Fixed Rate Bonds due 2036

£85 million of 3.278% Sterling Denominated Fixed Rate Bonds due 2042

£60 million of 0.23% Sterling Denominated Consumer Price Index-Linked Bonds due 2042

£190 million of 1.548% Sterling Denominated Retail Price Index-Linked Bonds due 2045

 

issued by the Company and guaranteed by Affinity Water Limited ("Affinity Water")

 

 

16 February 2018

Affinity Water announces new Chief Executive Officer

The Company today announces the appointment of Pauline Walsh as Chief Executive Officer of Affinity Water.  She will also be appointed a Director of the Company. 

Pauline is expected to take up the role by the end of April 2018, when Simon Cocks will step down as CEO of Affinity Water and as a Director of the Company. Simon will remain a non-executive director of Affinity Water.

Pauline joins the business from National Grid where she is Director, Gas Transmission, responsible for building and maintaining the assets of UK's high pressure national gas transmission system. Prior to joining National Grid in 2015, Pauline held senior leadership roles at Havells-Sylvania, Fred. Olsen, Phillips Electronics and the Ford Motor Company.

Affinity Water's Chairman, Tony Cocker, said, "I am pleased to announce that Pauline is joining Affinity Water as CEO.  The Board is very much looking forward to working with her.  She has extensive cross sector experience and a strong track record in leadership roles which will help us make the most of the opportunities ahead.

"I would also like to thank Simon for his leadership of and significant contribution to Affinity Water during his time as CEO."

Pauline Walsh said "I am delighted to be joining the team at Affinity Water.  It's an exciting time for the water industry and Affinity Water is well placed to respond to the challenges and opportunities ahead.  I am really looking forward to leading the team and working with the Board and investors to continue to provide high quality water services for 3.6 million people and businesses in the south east of England.

For further information, please visit https://stakeholder.affinitywater.co.uk/investor-relations.aspx or contact:

 

[email protected] or

[email protected]

 

Tim Monod, Company Secretary

Affinity Water Programme Finance Limited

Tamblin Way

Hatfield

Hertfordshire

AL10 9EZ

Phone: +44 1707277196

 

 

DISCLAIMER - INTENDED ADDRESSEES

This announcement is a communication to the market. Nothing in this announcement constitutes an offer of securities for sale in the United States or any other jurisdiction. This announcement does not constitute a prospectus or a prospectus equivalent document.

 

This announcement has been delivered to you on the basis that you are a person into whose possession this announcement may be lawfully delivered in accordance with the laws of the jurisdiction in which you are located and you may not, nor are you authorised to, deliver this announcement to any other person. The distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities laws of any such jurisdiction.

 

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This information is provided by RNS
The company news service from the London Stock Exchange
 
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