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Novera Energy PLC (NVE)

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Monday 23 February, 2009

Novera Energy PLC

Directorate Change

RNS Number : 6830N
Novera Energy PLC
23 February 2009

23 February 2009

Novera Energy plc ('Novera' or 'the Company')


Directorate Change

The Board of Novera announces that Rory Quinlan, Chief Financial Officer, has given notice of his intention to resign from the Company to take up a position at Hastings Funds Management, a subsidiary of Westpac Bank.

Rory has played a leading role in the Company's commercial and financial activities since 2004, including the acquisition and financing of the landfill gas and hydro assets, the financings of the Mynydd Clogau and Lissett Airfield wind farms, the admission to AIM in 2005, the delisting from the Australian Stock Exchange and the reincorporation of the Company in the United Kingdom. 

Novera has initiated a search process for a replacement Chief Financial Officer and will make further announcements when appropriate.  In the meantime, Rory will remain with the Company in his current role.

David Fitzsimmons, Chief Executive of Novera, said: "I would like to thank Rory for his significant contribution in establishing Novera as a leading quoted UK renewable energy company."

For further information:

Novera Energy plc

David Fitzsimmons, Chief Executive Officer

Tel: +44 (0) 20 7845 9720

Oriel Securities Limited (Nominated Adviser)

Michael Shaw

Tel: +44 (0) 20 7710 7600

Kreab Gavin Anderson & Company (PR)

Ken Cronin / Kate Hill / Michael Turner / Andy Jones

Tel: +44 (0) 20 7554 1400

This information is provided by RNS
The company news service from the London Stock Exchange