TEG.L Regulatory News (TEG)

19 May 2006 11:34

TEG Environmental Plc19 May 2006 For release 19 May 2006 Enquiries to: TEG Environmental Group Plc Michael Fishwick, Chief Tel: 01772 314 100 Executive Peter Binns/ Tarquin Edwards Tel: 020 7786 9600 TEG ENVIRONMENTAL PLC ("TEG" or "the Company") RESULT OF EGM AND AGM, DIRECTORATE CHANGE At the Extraordinary General Meeting and the Annual General Meeting of TEGEnvironmental Plc, both of which were held this morning (Friday, 19 May 2006),the Company is pleased to announce that all resolutions were passed. Directorate Change TEG also announces, with considerable sadness, that today, John Leonard Hough isretiring from the Board and as non-executive deputy chairman of the company. Nigel Moore, Non-Executive Chairman of TEG, commented: "John, who was a Founder Director of the company ten years ago, has supportedthe business with tremendous enthusiasm over the years and has been a crucialinvestor during our development. He has made a massive contribution and we arevery sad to see him go. We offer him our warmest wishes for the future". ENDS Editor's Notes: TEG provides an in-vessel composting technology, which is one of the fewapproved technologies capable of treating animal by-product waste. Planteconomics are driven by the gate fees charged, rather than the value of the endproduct (compost). The TEG process is an economic alternative to landfill. The Silo Cage system, one of the few technologies in Europe capable of treatingthis waste, is a natural process producing compost as an end product, used as anexcellent soil conditioner that fertilizes, retains moisture, provides structureand reduces the incidence of plant disease. TEG's Silo-Cages will be housed in aself-contained building, are not unsightly and are environmentally friendly. Potential customers include local authorities, waste management companies, foodprocessors, farmers and landowners. The Company's expanding market is driven byincreasingly stringent EU and UK legislation regulating the treatment anddisposal of organic This information is provided by RNS The company news service from the London Stock Exchange