Last checked at 5 Mar 2014 15:58
5 March 2014
KSK Power Ventur plc
(the "Company")
Appointment of Non-Executive Directors
KSK Power Ventur plc, the power project company listed on the London Stock Exchange, with interests in multiple power plants and businesses across India, is pleased to announce that following conclusion of the regulatory searches as announced on 6 February 2014, Keith Nicholas Henry and Guy Delemere Lafferty have been appointed to the Board of the Company with effect from 1 March, 2014.
Commenting on the developments, Mr. T L Sankar, Non-Executive Chairman of KSK said:
"We are very pleased with Keith and Guy joining us on the KSK Board. Keith's experience of building major projects and running an international power generation company will be instrumental in helping shape the Group's approach to developing large scale power generation assets. Guy's experience in the field of finance and investments will add greatly to the Groups' ability to source low cost funds."
For further information, please contact:
KSK Power Ventur plc +9140 2355 9922
Mr S Kishore, Executive Director
Mr K A Sastry, Executive Director
Arden Partners plc +44 (0) 20 7614 5900
Richard Day
ADDITIONAL INFORMATION FOR MR KEITH NICHOLAS HENRY
In accordance with Listing Rule 9.6.13 the following information is confirmed in respect of Mr Henry:
Current Directorships
Company | Designation | From |
Greenko Group plc | Non-executive Chairman | 1 August 2012 |
Mediterranean Oil & Gas plc | Non-executive Chairman | 16 January 2012 |
Sterling Energy plc | Senior Non-executive Director | 8 September 2009 |
Regal Petroleum plc | Chairman | 16 April 2008 |
HPR Holdings Limited | Non-executive Director | 26 September 2006 |
Previous Directorships within the last five years
Company | Designation |
Helius Energy plc | Non-executive Chairman |
Emerald Energy plc | Senior Independent Director |
First Calgary Petroleums Limited | Director |
Burren Energy plc | Director |
Mr Henry has no shareholdings in KSK.
Mr Henry is entitled to subscribe for 350,000 ordinary shares of KSK ("option shares") at 130p per share for consenting to be in office for a period of 3 years, and he will be entitled to exercise one third of the option shares each year after 1st March, 2015.
There is no other information to be provided in accordance with paragraph 9.6.13 of the Listing Rules.
ADDITIONAL INFORMATION FOR MR GUY DELEMERE LAFFERTY
In accordance with Listing Rule 9.6.13 the following information is confirmed in respect of Mr Guy Delemere Lafferty:
Previous Directorships within the last five years
Company | Designation | From |
ZincOx Resources plc | Director | 6 May 2009 |
Mr Lafferty is interested, through a family trust, in 130,691 shares in the Company. He is also a partner of Hoegh Capital Partners Limited who advise the Hoegh family. The Hoegh family and various related interests hold 4,740,882 shares in the Company. Together, this represents 2.78 per cent. of the issued ordinary shares in the Company.
There is no other information to be provided in accordance with paragraph 9.6.13 of the Listing Rules.