EARNZ PLC

Regulatory Filings • Feb 2, 2018

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RNS Number : 8107D

Verditek PLC

02 February 2018

2 February 2018

Verditek PLC

("Verditek" or the "Company")

Directorate changes

Verditek plc, (AIM: VDTK), the clean technology company, announces that Theo Chapman, Chief Executive Officer, has resigned to pursue other opportunities. Dr Geoff Nesbitt, Non-Executive Chairman, has been appointed Interim CEO.

The Board of Verditek would like to thank Theo for his contribution during the listing and in this first year of Verditek's growth.

Mr Theo Chapman commented: "It was a privilege to be part of the team that brought Verditek PLC onto AIM and I am pleased with what we have achieved. "

Dr Nesbitt, has been the Chairman of Verditek since its inception. He was the CTO of FTSE 250 group Petrofac. Prior to Petrofac, Dr Nesbitt's career was with Shell for over 20 years in a number of senior roles in the Middle East, India, the US, and Europe. His most recent assignments with Shell involved the management of commercially focused R&D centres in Europe and India. His proven leadership, commercial and entrepreneurial drive and intimate knowledge of Verditek will allow Geoff to step into the interim CEO role quickly and ensure Verditek drives forward.

Dr Nesbitt stated "When we set about creating Verditek we did so with the vision of building a leading clean technology company, which delivers game changing solutions for the sector. We believe with our initial three investments in solar, bio filtration and carbon capture, we are well placed to do this. Our recently announced joint venture with Paragraf demonstrates the commitment of the Board to pursue market defining opportunities."

Enquiries:

Verditek plc  Geoffrey Nesbitt (Non-Executive Chairman and Interim CEO)	+44 (0) 20 7129 1110 [email protected]
Stockdale Securities Limited (NOMAD and Broker)
Antonio Bossi Hanan Lee	+44 (0) 20 7601 6100
Yellow Jersey PR (PR & IR) Georgia Colkin	+44 (0) 7825 916 715

Notes to Editors

Verditek plc

AIM listed Verditek plc is a holding company with three businesses operating within the clean technology sector. The Company has a unique liquid gas absorption technology expected to revolutionise the global CO2 capture industry; two solar manufacturing production lines in San Marino each of 25MWp (total 50MWp) producing what is believed to be an innovative and un-paralleled solar PV building material; and a pioneering filtration deodorisation technology, which is commercially proven and tackles a wide range of odours within air and water at a high efficiency.

For more information please visit or contact the following: https://www.verditek.plc.uk/

This information is provided by RNS

The company news service from the London Stock Exchange

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