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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 generation 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 respectively. The Company announces that it intends to appoint two new non-executive directors, the first of which Mr N Kumar is expected to be appointed on 25 November 2019.  The Company has commenced the search for a second replacement NED, to ensure that the Company maintains the appropriate 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 implementation of technical, organisational 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 contribution to the Company during its formative decade since Admission and wish them every success in the future."

 

 

For further information, please visit www.opgpower.com or 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 information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ('MAR')

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: OPG Power Ventures PLC

Price: 14.8325

Market: AIM
Market Cap: £57.54 m
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