Proactive Investors - Run By Investors For Investors

Helius Energy appoints key investor as non-executive director

Helius Energy appoints key investor as non-executive director

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.


View full HEGY profile View Profile

Helius Energy Timeline

Newswire
December 06 2011

Related Articles

double decker bus
Thu
Here we take a closer look at Ceres Power PLC (LON:CWR), which is commercialising a revolutionary fuel cell technology
Hydrogen element symbol
June 26 2019
The fuel cell developer is placing itself at the forefront of the growing hydrogen power market, forecast to be worth around US$2.5trn by 2050
wind farms
May 02 2019
Shares just below an all-time high with a prospective dividend yield of 5%

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use