TAU17 Apr 2019 08:40
Tau Capital PLC
12 April 2019
12 April 2019
Tau Capital plc
("Tau" or "the Company")
Directorate Changes
Tau Capital plc ("the Company") announces that Gerwyn Williams and Nigel Burton have been appointed as non-executive Directors with immediate e?ect. Gerwyn Williams will be the Company's Chairman. Terence Mahony and Philip Lambert have stepped down from the Company's Board with immediate effect.
Both Gerwyn Williams and Nigel Burton have participated in the Placing announced on 15 March 2019, which completed on 9 April 2019. At the time of agreeing to participate in the Placing, both were not directors of the Company. Gerwyn Williams is interested in 32,530,000 Ordinary Shares, which represents a value of $32,530 at the Placing price and represents 16.35% of the voting rights in the Company. Nigel Burton is interested in 26,024,000 Ordinary Shares, which represents a value of $26,024 at the Placing price and represents 13.08% of the voting rights in the Company.
Further to the Company's announcement of 15 March 2019, the Board has decided that it will defer any decision to change the name of the Company for the time being.
Gerwyn Llewellyn Williams (aged 69)
Gerwyn is a quali?ed Electrical Engineer with many years' hands on experience in the coal mining and unconventional gas industries, having started work as an underground mine worker spending 22 years working for British Coal. He has founded a number of energy businesses and is currently the largest shareholder in In?nity Energy and the company's Chief Executive O?cer. Gerwyn is also the Chairman of UK Onshore Gas, his family owned group of companies that hold 139,839 acres of Petroleum Exploration and Development Licences ("PEDL") in South Wales via wholly owned subsidiary companies Coastal Oil and Gas Limited, UK Methane Limited and Adamo Energy (UK) Limited. Gerwyn is also the sole Director of Transgas whose subsidiary South Western Energy Limited holds 203,590 acres of PEDLs in North Somerset and in Dorset adjacent to Wytch Farm. Transgas is wholly owned by the Williams family. Gerwyn is a Chartered Engineer, a Fellow of the Institute of Materials, Minerals and Mining, and a Fellow of the Energy Institute.
In accordance with Schedule 2(g) of the AIM Rules, Gerwyn Williams holds, or has held in the past ?ve years, the following directorships and partnerships:
Current
Adamo Energy (UK) Limited Air Nation Limited
Past five years Modal Mining Limited
Coastal Oil & Gas Limited Infinity Energy SA
Infinity Exploration Limited
Local Energy Supply Systems Limited Technoleg Limited
Newton Beach Development Company Limited
South Eastern Energy Limited
South Wales Energy Limited South Wales Gas Limited South Western Energy Limited St John's Vision Limited Thistle Gas Limited Topex Limited Transgas Limited UK Gas Limited
UK Methane Limited UK Onshore Gas Limited UK Water Supplies Limited UK Wind Energy Limited Sefydliad Tanwydd Cymru Cyf
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