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RNS Number : 0472B
Plutus PowerGen PLC
13 June 2016
 

Plutus PowerGen plc / Ticker: PPG/ Index: AIM

 

Plutus PowerGen plc ("PPG" or the "Company")

Board Changes

 

Plutus PowerGen plc, the AIM listed power company focused on the development, construction and operation of flexible stand-by electricity generation in the UK, announces that Jo Dixon, Non-Executive Director of the Company, has resigned from the Board with immediate effect.  Tim Cottier has today been appointed to the Board as Non-Executive Director.

 

Timothy Robin Cottier, FCA ("Tim") is a Chartered Accountant who has spent many years in the corporate finance, real estate and green energy sectors.  He qualified with Thornton Baker (now Grant Thornton) in London and spent several years with Price Waterhouse Coopers in both the UK and the Bahamas.

He is currently CEO of Kinloch Corporate Finance, a corporate advisory company based in London and Leeds which specialises in capital raising, private equity, venture capital and M&A activities within the SME sector dealing with transaction sizes from £1 million to £50 million.  He is involved with a number of sustainable energy projects as adviser and in particular, the waste to energy sector.  Tim established Kinloch Corporate Finance after exiting from a leading accountancy practice in Leeds where he headed up the corporate finance division. 

Tim has also been involved in a number of commercial property development schemes both as principal and adviser, finding sites for commercial schemes, helping with the planning aspects and raising the capital for the transactions.  He was a partner in Marlin Properties until 2002 and is an investor in several property projects in North Yorkshire.  

Charles Tatnall, Executive Chairman of PPG, commented, "I am pleased to welcome Tim Cottier to the Board as a Non-Executive Director.  He brings a wealth of experience as an adviser to growing companies. We continue to progress the listed bond issue and look forward to updating shareholders in due course."

 

Tim, aged 62, currently holds or has held the following directorships and partnerships in the last five years:

 

Current Directorships

Past Directorships

City Breweries Ltd

Kinloch Commercial Finance Ltd

Kinloch Corporate Finance Ltd

Liverpool Investments Ltd

White Star Investments (Liverpool) Ltd

Jarrow Brewery Limited

Jarrow Brewing Company Ltd

Jarrow Innovations Ltd

Leisurely Lunch Limited

Westpennant Ltd

 

Tim was formerly a director of Leeds Trust Plc which was subject to a members' liquidation in 1993. Tim had provided a personal guarantee in respect of Leeds Trust Plc and following the members liquidation of Leeds Trust plc entered into an Individual Voluntary Agreement ('IVA') with creditors in 1994.  The IVA was completed in June 1999, subsequent to a settlement payment in line with the agreed terms of the IVA.

 

Tim was appointed a director of Jarrow Brewery Ltd on 1 September 2014 and resigned on 2 April 2015.  On 30 April 2015, Jarrow Brewery Ltd entered into a creditors' voluntary liquidation and appointed a liquidator.  Jarrow Brewery Ltd remains in administration and as at 30 April 2015 the estimated deficiency as regards members was approximately £670,000.

 

**ENDS**

 

For further information regarding the Company please visit www.plutuspowergen.com or contact:

 

Charles Tatnall

PlutusPowerGen Plc

+44 (0) 20 3705 8350

Phil Stephens

PlutusPowerGen Plc

+44 (0) 20 3705 8352

Ewan Leggat

Laura Harrison

SP Angel Corporate Finance LLP

SP Angel Corporate Finance LLP

+44 (0) 20 3470 0470

+44 (0) 20 3470 0470

Elisabeth Cowell

St Brides Partners Ltd

+44 (0) 20 7236 1177

Hugo de Salis

St Brides Partners Ltd

+44 (0) 20 7236 1177

 

 


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