EARNZ PLC

Board/Management Information • Mar 4, 2019

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RNS Number : 6521R

Verditek PLC

04 March 2019

Verditek PLC

("Verditek" or the "Company")

Board Changes

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR"). Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Anthony Rawlinson has informed the Board of Verditek (AIM:VDTK) that due to increasing pressures of workload, and in anticipation of new executive opportunities, he will resign from the board with immediate effect. Anthony has been involved with Verditek from its inception and became Non-Executive Director when the company joined the AIM market. Anthony chaired the Remuneration committee from February 2018.

Verditek is delighted to announce the appointment of Gavin Mayhew as a Non-Executive Director, with effect from 1 March 2019. Gavin was formerly the CEO of Energy Savers FZE, a UAE consultancy providing energy saving solutions to commercial and industrial clients. Before that Gavin was president of Zubair Terminal Company in Iraq, which financed, developed and operated a new commercial port in Iraq. Gavin has an MBA from INSEAD and undergraduate degree from Brown University in the USA.

Following these changes, the Board of Verditek will comprise:

Non-executive Chairman: The Rt Hon Lord David Willetts FRS

Chief Executive Officer: Dr Geoff Nesbitt

Chief Financial Officer: Tim Lord

Non-executive Directors: George Katzaros, Gavin Mayhew

David commented: "I would like to thank Anthony for the erudite guidance he has provided to the board and wish Anthony all the best with his new endeavours. This is a good moment for Verditek to refresh the experience in our board. Gavin will bring sound commercial judgement to bear, which will strengthen our depth on issues of strategy, performance and resources."

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules:

Gavin Mark Mayhew (age 47) holds or has held the following directorships or partnerships in the last five years,

Current Directorships	Previous Directorships
Novtek Ltd	Energy Savers FZE
Novtek MEA	Zubair Terminal Company
	Maqal Riverside Plaza
	Olive Group Capital Ltd

In addition, Gavin holds 3 million shares in the Company and £1,000,000 in nominal amount of the Company's Convertible Loan Note.

About Verditek

Verditek plc (AIM: VDTK), the clean technology company is headquartered in London. Verditek is dedicated to commercialising proven technology that can deliver significant competitive advantage compared to conventional industrial solutions. From light-weight solar modules, cutting edge de-odourisation, and ground-breaking CO2 capture, Verditek is realising tomorrow's technologies today.

For further information, please contact:

Verditek plc
Geoffrey Nesbitt, CEO	Tel: +44 (0) 207 129 1110
WH Ireland Limited (NOMAD & Broker)	Tel: +44 (0) 207 220 1666
Chris Hardie
Matthew Chan
Strand Hanson Limited (Financial Adviser)	Tel: +44 (0) 207 409 3494
James Harris
Ritchie Balmer
Whiteoaks International (Financial PR)
Mary Fitzgerald	Tel: +44 (0) 7795 284 440
Bekki Bushnell	Tel: +44 (0) 7841 698 586

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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