RNS Number : 1919P OPG Power Ventures plc 09 October 2019
9 October 2019
OPG Power Ventures plc
("OPG" or the "Company")
Board Changes
OPG Power Ventures plc (AIM: OPG), the developer and operator of power genera on plants in India, announces that Mr Michael Grasby and Mr Jeremy Beeton will each stand down as directors of the Company on 25 November 2019 and in March 2020 respec vely. The Company announces that it intends to appoint two new non-execu ve directors, the first of which Mr N Kumar is expected to be appointed on 25 November2019. The Company has commenced the search for a second replacement NED, to ensure that the Company maintains theappropriate level of governance and board experience following the departure of Mr Grasby and Mr Beeton.
Mr Grasby joined the Board of OPG in May 2008 and has supported the Company through a period of immense change and progress and has provided guidance and contributed to the implementa on of technical, organisa onal and health and safety systems. Mr Beeton joined OPG in November 2016 and has provided welcome guidance and support during his term on the Board.
Mr Kumar is vice Chairman of The Sanmar Group and is on the Board of a number of companies. He was previously President of Confederation of Indian Industry.
Commenting on the Board changes, Executive Chairman Arvind Gupta said:
"On behalf of the Board, as well as in a personal capacity, I would like to record our thanks to Mike Grasby and Jeremy Beeton for their considerable contribu on to the Company during its forma ve decade since Admission and wish them every success in the future."
For further information, please visit www.opgpower.comor contact:
OPG Power Ventures PLC | +91 (0) 44 429 11211 |
Arvind Gupta / Dmitri Tsvetkov | |
Cenkos Securities (Nominated Adviser & Broker) | +44 (0) 20 7397 8900 |
Russell Cook / Stephen Keys | |
Tavistock (Financial PR) | +44 (0) 20 7920 3150 |
Simon Hudson / Barney Hayward / Nick Elwes |
The informa on contained within this announcement is deemed by the Company to cons tute inside informa on as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ('MAR')
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OPG Power Ventures plc published this content on 09 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 October 2019 06:30:10 UTC