– UK, London – eEnergy (LON: EAAS), the net zero energy services provider, today announced the appointment of John Foley to its Board of Directors as Non-Executive Chairman, with immediate effect, replacing David Nicholl who remains on the board as a Non-Executive Director.
“We are pleased to welcome John Foley to the eEnergy Board as Non-Executive Chairman following his support in the Company’s debt financing round in November through his investment company FFIH. He brings with him a wealth of experience in our sector and has a strong track record in growing businesses and creating value for shareholders. He will certainly be an asset to the team,” said CEO, Harvey Sinclair.
About John Foley
John Foley is a barrister and chartered accountant who has served on several public and private company boards. He was CEO of MacLellan Group plc, a UK facilities management provider, for 12 years until its sale in 2006 to Interserve plc for an enterprise value of £130 million. He was co-founder of Premier Technical Services Group Ltd a specialist provider of facilities services, and was its Chairman from inception in 2007 until early November 2022 (he remains a Non-Executive Director). PTSG became a publicly listed company in 2015 and was acquired by Macquarie Group Ltd in 2019 for an enterprise value of approximately £300 million which represented a 304% premium to the 2015 listing share price. He is also currently Chairman of SEC Newgate Spa, the parent company of a global strategic communications and advisory group, and is also Chairman of Servoca Plc, a provider of staffing solutions and outsourced services.
About eEnergy Group plc
eEnergy is a net zero energy services provider, empowering organizations to achieve net zero by tackling energy waste and transitioning to clean energy, without the need for upfront investment. It is making net zero possible and profitable for all organizations in four ways:
- Transition to the lowest cost clean energy through the Group’s digital procurement platform and energy management services.
- Tackle energy waste with granular data and insight into energy use and dynamic energy management.
- Reduce energy use with the right energy efficiency solutions without an upfront cost.
- Reach net zero with onsite renewable generation and electric vehicle (EV) charging.
eEnergy is a Top 5 B2B energy company and has been awarded The Green Economy Mark by London Stock Exchange.
On 25 November 2022, the Group announced that it had raised £2,525,000 through the issue of secured discounted capital bonds which are due for repayment on 24 May 2024 and 21 June 2024. £1 million of this Subordinated Debt was provided by FFIH Limited, an investment company owned by John Foley and his wife. In connection with the Subordinated Debt, FFIH was granted warrants to subscribe to 16,666,666 ordinary shares in eEnergy.
Source: https://eenergyplc.com/
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