2 Jun 2020 07:00
2 June 2020
Verditek PLC
("Verditek" or the "Company")
Confirmation of Directorate Changes
Verditek plc, (AIM:VDTK) the clean technology company is pleased to announce, further to its announcement of 7 May 2020, the appointment of Robert Richards to the Board of the Company.
As announced previously, Rob was appointed CEO on 7 May 2020 and after successful completion of due diligence is now appointed to the Board.
The following additional information is provided in accordance with Rule 17 paragraph (g) of Schedule Two to the AIM Rules for Companies:
Full Name: Robert James Richards
Age: 46
Current Directorships | Directorships within the last 5 years |
Northiam FZ LLC | Penspen Singapore Pte Ltd |
| Zavero (Malaysia) Sdn Bhd |
|
|
Rob has been awarded 4 million share options in Verditek at a price of 3p per ordinary share vesting in part in December 2020 (1,200,000 share options), in April 2022 (1,200,000 share options) and in April 2023 (1,600,000 share options). The last two tranches are subject to certain financial targets being met.
This award was in connection with the terms of his initial hiring as commercial Director prior to his appointment as CEO.
The announcement dated 7 May 2020, disclosed that Rob holds 2,000,000 ordinary shares in Verditek. This should have stated 2,437,833. All other information in the announcement remains the same.
Lord David Willetts, Chairman of Verditek, commented: "It will be great to have Rob on the Board. He is already making a big impact as CEO and opening up important new opportunities for the sale of our panels."
Enquiries:
Verditek plc
RH Lord David Willetts FRS (Non-Executive Chairman) +44 (0) 20 7129 1110
Robert Richards (Chief Executive Officer) enquiries@verditek.plc.uk
WH Ireland Limited (NOMAD and Broker)
Chris Hardie (Director, Corporate Finance) +44(0)207 220 1666
Chris.hardie@whirelandcb.com
About Verditek plc
AIM listed Verditek plc is a holding company with three businesses operating within the clean technology sector. The Company is focused on commercializing our lightweight low-profile solar panel business. With manufacturing based in Lainate Italy, we have developed renewable power solutions for our customers, that drive solar energy into applications previously impossible. The exceptional properties of our solar panels replace diesel fuel in business such as perishable goods transport, off-grid telecommunication towers, electric vehicle charging stations, residential and holiday home power solutions and solar roofing for light-weight industrial roofing.
In addition to our current PV panels in production, we have partnered with an outstanding leader in graphene technology, Paragraf, and have created the worlds' first Graphene Integrated Photo Voltaic cell. We are working together to engineer the technology for commercialization.
Verditek provides compelling commercial solutions that make our customers business sustainable.
For more information please visit or contact the following: https://verditek.com/