Directorate change
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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.
VH GLOBAL ENERGY INFRASTRUCTURE PLC (“ENRG” or the “Company”)
9 November 2026
Directorate Change
The Board of ENRG announces that Bernard Bulkin will step down as Chair and Non-Executive Director of the Company, and as Chair of the Nomination Committee, with effect from today’s date.
Brett Miller will be appointed as an independent Non-Executive Director and Chair of the Company with effect from today’s date. Brett has also been appointed to each of the Company’s established committees, save for the Audit Committee, with effect from the same date. Richard Horlick, the Senior Independent Director of ENRG, has been appointed as the Chair of the Nomination Committee.
Board evolution as the Company progresses its Asset Realisation Strategy
Bernard Bulkin has served as Chair of the Company since its IPO in 2021, overseeing the Company's development as a listed investment company and, more recently, its transition to an Asset Realisation Strategy.
Following shareholder approval on 28 August 2025, the Company's investment objective was amended to pursue an orderly realisation of its existing portfolio, seeking to achieve an appropriate balance between returning cash to shareholders promptly and maximising value. The implementation of this strategy is now well underway, with a number of asset sale processes at different stages of progression.
As the Company moves further into the execution phase of the Asset Realisation Strategy, the Board believes that this is an appropriate time for the leadership of the Board to transition to a Chair whose experience is particularly relevant to managed wind-downs.
Brett Miller biography
Brett has wide-ranging investment trust experience, including in the restructuring and managed wind downs of a number of listed closed end funds across a range of asset classes, delivering value to shareholders.
Pursuant to UK Listing Rule 6.4.8R, Brett has advised that he is currently a director of Manchester and London Investment Trust plc and Ecofin U.S. Renewables Infrastructure plc, both of which are listed on the London Stock Exchange. There are no additional matters that would require disclosure pursuant to UKLR 6.4.8 of the UK Listing Rules.
The Board looks forward to working with Brett as the Company continues to execute its Asset Realisation Strategy and remains focused on maximising value and delivering capital returns to shareholders. Victory Hill Capital Partners LLP ("Victory Hill"), the Company's Investment Manager, also looks forward to working closely with Brett and the Board as the portfolio realisation processes progress.
Richard Horlick, Senior Independent Director, commented:
"On behalf of the Board, I would like to thank Bernie for his significant contribution and commitment to the Company since its IPO in 2021. Bernie has led the Board throughout the Company's life as a listed investment company, including during a period of considerable development for the portfolio and, more recently, through the important decision to adopt the Asset Realisation Strategy. Throughout his tenure, he has approached his role with commitment, openness and a clear focus on the interests of shareholders.
As the Company moves into the next phase of executing its Asset Realisation Strategy, we are delighted to welcome Brett as Chair. Brett brings highly relevant experience of managed wind-downs and asset realisations which will complement the existing experience of the Board and Victory Hill. We look forward to working closely with him as we remain firmly focused on achieving successful realisations and maximising value and cash returns for shareholders."
Bernard Bulkin, outgoing Chair, commented:
"It has been a privilege to serve as Chair of the Company since its IPO in 2021. I am proud of what has been achieved by the Company and the development of its diversified portfolio of energy infrastructure assets over that period.
With the Asset Realisation Strategy now well underway, I believe this is an appropriate time to hand over the leadership of the Board. I wish Brett, my fellow Directors and the Victory Hill team every success as they continue the work of realising the portfolio and returning capital to shareholders."
The Company’s LEI is 213800RFHAOF372UU580.
For further information, please contact:
VH Global Energy Infrastructure plc (via the Company Secretary)
Brett Miller
Deutsche Numis (Financial Adviser and Corporate Broker)
Hugh Jonathan / Matt Goss 020 7545 8000
Edelman Smithfield (PR Adviser)
Latika Shah +44 (0)7950 671 948
Victory Hill Capital Partners LLP (Investment Manager)
Navin Chauhan info@victory-hill.com
Ocorian Administration (UK) Limited (Company Secretary)
oaukcosecteam@ocorian.com
About Victory Hill Capital Partners LLP
Victory Hill Capital Partners LLP (“Victory Hill” or the “Firm”) is a London-based investment firm founded in May 2020, that invests exclusively in energy and energy-related opportunities across infrastructure and private equity.
The Firm is led by its four founding partners, whose backgrounds cover investment banking, investment management, corporate finance and commercial strategy at a range of established international financial institutions. Each brings substantial experience in energy finance across conventional and renewable projects worldwide, spanning M&A, corporate finance advisory, project finance, capital markets, fund management and private asset investments.
Victory Hill supports the energy transition and the UN Sustainable Development Goals. It is a signatory of the UN Principles for Responsible Investment (UN PRI) and a supporter of the Financial Stability Board's Task Force on Climate-related Financial Disclosures (TCFD).
Inside Information
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) no. 596/2014 (as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018). On the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
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