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Ncondezi Energy appoints largest shareholder to the board

Ncondezi is planning to construct a power project in Mozambique

Ncondezi Energy Ltd -

Ncondezi Energy Limited (LON:NCCL) has said it is appointing Scott Fletcher, the group's largest shareholder, to its board.

Fletcher has built his position in the company by primarily buying in the market and in recent fundraisings, and is uniquely placed to represent investors' interests at board level. 

Flecther boasts an MBE for services to business and community in the north of England. 

"We are delighted that Scott has agreed to join the Board,” said Ncondezi chief executive Hanno Pengilly in a statement.

“As our largest shareholder his input from an investor point of view will be invaluable as we continue to advance our Ncondezi power project. Over the course of the next six months, the company anticipates meeting a number of transformational milestones as we move the project towards financial close."

Quick facts: Ncondezi Energy Ltd

Price: 5 GBX

AIM:NCCL
Market: AIM
Market Cap: £17.48 m
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Ncondezi Energy's main focus is to 'maximise value to shareholders'

Ncondezi Energy Limited's (LON:NCCL) Hanno Pengilly and Scott Fletcher talk to Proactive London's Katie Pilbeam about Fletcher's new appointment to the board. Fletcher says, 'I have been investing in AIM since a teenager and I am hoping to bring some of that experience to the board'. Pengilly...

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