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Market: AIM
Sector: Cleantech and Renewable Energy
EPIC: HEGY
Latest Price: 15.13p  (0,00%)
52-week High: 18.50p
52-week Low: 9.75p
Market Cap: 20.05M
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Helius Energy
www.heliusenergy.com

Helius Energy Plc is a United Kingdom-based company engaged in installing and operating biomass-fired renewable electricity generation plants. The Company is engaged in developing both large (over 60 megawatts (MWe)) and small modular (5-8 MWe) biomass-powered electricity generation plants. Its subsidiaries include Helius Power Limited, Helius Energy Africa (Pty) Limited, Distributed Power Systems Limited, Helius Energy Beta Limited, and Helius Energy Gamma Ltd.

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Helius Energy appoints key investor as non-executive director

30th Nov 2011, 7:31 am by Jon Mainwaring Helius is progressing with several projects, including its flagship Avonmouth biomass power plant

A key investor in biomass power plant builder Helius Energy (LON:HEGY) is joining its board as a non-executive director, the firm announced today.

Alastair Salvesen, who recently increased his stake in Helius from below five per cent to more than one-fifth of the company, has been a leading figure in the UK seafood industry for 30 years, having been managing director and now chairman of Dawnfresh Seafoods. He is also the chairman of Dovecot Studios and of Dawnfresh Farming, as well as being a director at both Praha Investment Holdings and Archangel Informal Investment (Scotland’s largest angel investor syndicate).

On November 1 Helius Energy announced that Salvesen increased his holding in the firm from 4,473,294 shares to 28,168,572 shares. Today it said he now holds 29,668,572 shares (or 22.4 per cent of the business).

Helius also announced two other appointments today. William Rickett, a former senior civil servant with investment banking and advisory experience, comes on board as another non-executive director. Rickett has held top positions at the Department of Energy and Climate Change and the International Energy Agency, and currently holds non-executive directorships at a number of energy-related organisations.

Meanwhile, William Ingram Hill is joining the board as chief operating officer, having previously been Helius’s general counsel and group company secretary.

Helius is currently progressing with a series of projects, including its flagship Avonmouth power plant project (for which it is seeking to secure project-level funding) and a project in Southampton for which it is aims to secure planning consent.


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