Eqtec Regulatory News (EQT)

Kedco plc

Directorate Change

Kedco plc, ("Kedco" or the "Company") the waste to energy group focusing on the production of clean energy in the UK and Ireland, is pleased to provide the market with the following update following a change at board level.

The Board wishes to announce that, with effect from 18 October 2011, Dermott O'Connell has replaced Alf Smiddy as Non-Executive Chairman of Kedco. Mr O'Connell, who is Chairman of Cork Cooperative Marts and a director of the Company's largest shareholder, Farmer Business Developments plc, joined the Board as a Non-Executive Director in March 2011. Mr Smiddy, who had been acting as Non-Executive Chairman on an interim basis, will remain a Non-Executive Director of the Company.

Dermot O'Connell, Chairman, commented:

"I am delighted to have been appointed Non-Executive Chairman of the Kedco plc board. Farmer Business Developments plc as a long term shareholder and supporter of Kedco, has always been attracted to the earnings potential within the Waste to Energy sector and we look forward to helping Kedco capitalise on its strong pipeline of projects and years of experience within this sector. The main focus of the board will remain on commercialising Kedco's lead projects and we look forward to updating the market on these in due course."

Ends

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