Cindrigo appoints Johan Glennmo to its Board as Non-Executive Director

– GUERNSEY, St Peter Port –  Cindrigo Holdings Ltd. (LON: CINH) announced the appointment of Johan Glennmo to its Board as a Non-Executive Director with immediate effect, replacing Jordan Oxley who steps down from the Board.

About Johan Glennmo

Johan Glennmo has a background in IT and technology consulting and is currently Chairman of Danir AB, Cindrigo’s largest shareholder, and is a director of several of Danir AB’s investee companies.

About Cindrigo Group

Cindrigo Group is an active clean baseload power developer engaged in the renewable energy sector. Its current focus is on the construction of an initial 20 MW geothermal power plant located in Croatia but several other projects are also underway, primarily in the Pannonian Basin of Central Europe.

Cindrigo aims to have contracts in place for geothermal power plant projects with up to 200 MW of contracted capacity within a year, up to 450 MW within three years, and 1000 MW by 2030. The financing for each power plant project will be primarily on a structured project finance basis within special purpose vehicles for each project.

Cindrigo is in the process of seeking approval by the FCA of a prospectus in respect of its proposed application for re-admission to the standard segment of the Official List and trading on the Main Market of the London Stock Exchange.

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