European Green Transition Regulatory News (EGT)

14 April 2025

European Green Transition plc

("European Green Transition", "EGT" or "the Company")

Board Changes

European Green Transition (AIM: EGT), a company developing green economy assets in Europe, is pleased to announce the appointment of Cathal Friel, the Company's co-founder, as non-executive Chairman with immediate effect.

Cathal Friel is a seasoned serial entrepreneur with over 20 years' experience in corporate finance and M&A. Cathal was previously Chair of hVIVO plc (formerly Open Orphan plc), where in 2019 he successfully completed the acquisition and integration of two loss-making businesses (Venn Life Sciences plc and hVIVO plc), transforming them into a strong, profitable, and cash-generative company with revenue increasing by 181% and Group EBITDA growing from a loss of £6.7 million to a profit of £16.4 million. Prior to hVIVO, Cathal co-founded Amryt Pharma plc which listed on the London Stock Exchange in 2016 and dual listed on Nasdaq in 2020 and was later sold to Chiesi Farmaceutici for $1.48bn in 2023. Cathal is also co-founder and Chairman of Poolbeg Pharma plc, a publicly listed biopharmaceutical company which was demerged from hVIVO plc in 2021 and is Managing Director of Raglan Capital, which he founded in 2007.

Cathal co-founded EGT in 2021 listed it on AIM in April 2024 and he is its largest shareholder. He has been critical in shaping EGT's strategy, moving away from exploration and mining to focus EGT on acquiring revenue generating businesses. Cathal will bring his extensive experience in successfully growing public companies through M&A, as EGT focuses on transitioning into a profitable, cash-generative company.

Daniel Akselson will remain on the Board as a non-executive Director, head of the Audit Committee and will continue to support EGT's strategy to monetise its exploration projects, specifically the Olserum Rare Earth project in Sweden.

Cathal Friel, Co-founder and Non-Executive Chairman, commented:

"EGT remains focused on expanding its portfolio of green economy assets through M&A, targeting revenue generating businesses. There are a number of distressed businesses operating in the green economy space with potential for turnaround and transformation into strong, cash-generative and profitable businesses.

"I am very excited to step up to the chairman role with EGT and I look forward to working with the EGT team to capitalise on the many exciting opportunities that are available to us. In particular I look forward to continuing to work closely with Daniel Akselsen, who will remain a key member of the Board, managing our Swedish assets and stakeholders as we look to monetise these assets through sale or partnership to deliver value for our shareholders."

-ENDS-

 Enquiries

European Green Transition plc

Panmure Liberum - Nominated Adviser and Broker

Camarco - Financial PR

Notes to Editors

European Green Transition plc (quoted on the AIM market of the London Stock Exchange under the ticker "EGT") is a business operating in the green transition space in Europe. EGT intends to capitalise on the opportunities created by Europe's transition to a green, renewables-focused economy and plans to expand its existing portfolio of green economy assets through M&A, targeting revenue generating businesses that support the green transition.

For more information, please go to  www.europeangreentransition.com  or follow us on X (formerly Twitter ) and LinkedIn.