Utilitywise plc
("Utilitywise" or the "Company")
Completion of Acquisition & Board Appointment
Utilitywise (AIM:UTW), a leading independent utility cost management consultancy, is pleased to announce that, following Admission becoming effective this morning, that the Company's Acquisition of Energy Information Centre Limited ("EIC") is now complete.
Accordingly, and as outlined in the Circular to Shareholders dated 13 June 2013, the Company is pleased to welcome Simon Butterfield as an executive director of the Company. Simon has been the Managing Director of EIC since 2007, having joined in 1996 following a career in sales and marketing for a number of international hotel groups. Further information in respect of Mr Butterfield is set out below.
Defined terms used in this announcement, unless otherwise stated, have the same meaning as those set out in the announcement of the Transaction on 13 June 2013.
Commenting on the appointment, Richard Feigen, chairman of Utilitywise said: "I am delighted to welcome Simon to the Company's board of directors. EIC is a significant acquisition for us and Simon's deep understanding of the industrial and commercial markets will be of huge benefit. At the recent Energy Live Awards, EIC and Utilitywise each won two awards, which underlines the strength of both companies in their respective markets."
For further information:
Utilitywise PLC |
0870 626 0559 |
Geoff Thompson, CEO |
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finnCap (NOMAD and broker) |
020 7220 0500 |
Matt Goode / Charlotte Stranner / Henrik Persson (Corporate Finance) |
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Simon Johnson (Corporate Broking) |
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Newgate Threadneedle |
020 7653 9850 |
Josh Royston / John Coles / Hilary Millar |
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Simon Edward Butterfield (age 45) is or has been a director or partner of the following companies or partnerships during the previous 5 years:
Current |
Previous |
Energy Information Centre Limited |
Broadfern Partnership |
EIC Energy Trading Limited |
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There is no further information on Mr. Butterfield required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.