Non-Executive Director Appointment

RNS Number : 0023V

Libertine Holdings PLC

05 August 2022

 

5 August 2022

Libertine Holdings PLC

("Libertine" the "Company" or the "Group")

Non-Executive Director Appointment

Libertine Holdings PLC (LSE AIM: LIB), a developer of clean, highly efficient and fuel-flexible Linear Generator products, is pleased to announce the appointment of Peter Wright as an independent Non-Executive Director with immediate effect.

Peter has extensive experience in accounting and risk management from a career both in industry and professional services spanning over 25 years. He has held senior roles at Deloitte, where he worked closely with a wide range of businesses, as well as at Britannic plc and Foseco plc. He is currently Independent Chair of the Audit Committee at UNIQA Insurance Group (previously AXA Insurance) in Czech Republic and Slovakia, a role he has held since 2015.

Libertine is also pleased to have recently appointed Julia Langton as People Director to lead the Company's employee engagement and recruitment strategy.  

Keith Jackson, Chairman of Libertine, commented:  

"We are delighted to welcome Peter to the Board. He has a keen interest in powertrain technologies and his prior experience fits well with our desire to appoint a qualified accountant to the Audit & Risk Committee, which he will chair. Further, his considerable global tax knowledge will assist Libertine's strategic development as we advance our operations and sales into overseas markets.

We are also very pleased to welcome Julia to the Company in her capacity of People Director, with her experience in supporting the growth of similar stage AIM listed companies."

Additional information regarding Peter Wright, pursuant to paragraph (g) of Schedule Two of the AIM Rules for Companies, is set out below:

Mr Peter Frederick Wright, (aged 58)

Current Directorships and Partnerships	Past Directorships and Partnerships over the last 5 years
None	36 Percy Gardens Management Company Limited

Peter Wright does not hold any shares or options in the Company.

There are no further disclosures to be made in relation to the appointment of Peter Wright in accordance with Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies.

For further information, please visit www.libertine.co.uk or contact:

Libertine Holdings PLC	via Tavistock
Sam Cockerill, Chief Executive Officer
Gareth Hague, Chief Financial Officer
Panmure Gordon (NOMAD and Broker)	[phone]
John Prior
Ailsa Macmaster
Hugh Rich (Corporate Broking)
Tavistock (Public Relations and Investor Relations)	[phone]
Simon Hudson	libertine @tavistock.co.uk
Rebecca Hislaire
Nick Elwes

Notes to editors

Founded in 2009, Libertine has developed a technology platform solution for powertrain Original Equipment Manufacturers ("OEMs"), enabling efficient and clean power generation from renewable fuels. Libertine was admitted to trading on the AIM market of the London Stock Exchange in December 2021.  Libertine's linear electrical machines, controls and developer tools together form a technology platform (intelliGEN™) which the Company provides to customers for the development of clean, highly efficient and fuel-flexible Linear Generator products. The platform is a result of over a decade of development of Linear Generator technology with multiple successful client-led programmes.

The potential market for Linear Generator products goes well beyond the distributed power generation applications where Linear Generators are already in commercial use today, complementing intermittent renewable power with clean, on-demand power generation. Linear Generators also have the potential to complement battery electrification in hybrid powertrains as range extenders, addressing the practical and economic barriers to rapid adoption of clean electric propulsion using battery electric powertrain technology alone. Linear Generator products using Libertine's technology could work alongside battery electrification in a wide range of hybrid systems including:

· Heavy-duty hybrid powertrains of trucks, buses, tractors, construction and mining equipment

· Medium and light-duty hybrid powertrains of commercial vehicles operating over longer distances;

· A proportion of the passenger automotive market where vehicle use and recharging constraints are a barrier to battery electrification; and

· A wide range of off-grid, portable power and distributed power generation applications.

Libertine receives engineering fees by providing its linear e-machine hardware, controls and developer tools into OEM client product development programmes, and seeks to license its technology for volume production. Working with OEMs from an early stage in the development cycle ensures Libertine's technology is effectively integrated into OEM products, maximising the performance and economic benefits provided by Libertine's platform technology. Libertine has developed a portfolio of over 30 granted patents in addition to a significant body of technical know-how developed since the company's formation in 2009. The Company's senior management team and board includes executives with decades of deep technical experience in the automotive and energy industries.

 

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