Business
Directorate Change
Directorate Change.
About this update from Beacon Energy Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8534G\n Advance Energy PLC\n 01 April 2022\n \n \n \n 1 April 2022\n Advance Energy plc\n (\"Advance Energy\" or the \"Company\") \n \n Directorate Change\n \n \n Advance Energy (\n \n AIM:ADV\n \n ), the energy company seeking growth through acquisition or farm-in to discovered upstream projects, announces that its CFO, Stephen West, has resigned from the Company as a Director with immediate effect. \n \n \n Following Mr West's resignation, the Board will be comprised of four directors and the composition of the various Board committees will not be affected by his departure.\n \n The Company retains FIM Capital Limited (\"FIM\") to provide accounting and company secretarial services to the Group. FIM is responsible to the Company for general accounting and bookkeeping, preparation of monthly group summary financial information, and preparation of consolidated full year accounts for review by the Company's auditors.\n \n The Company remains focused on capitalising on the current deal pipeline built over the last year from the Board's extensive industry relationships. \n \n \n \n Commenting on the update, Chairman Mark Rollins said:\n \"Advance is at an important juncture as it progresses new business ventures, and our focus is to convert a deal in the coming months. It is within this context that we have the right-sized organisation to maintain strict capital discipline while ensuring that we have the right balance of skills to develop the current deal pipeline.\n \"We thank Steve for his contribution and we will assess the requirement of a full-time CFO as our business development activities progress.\"\n \n Enquiries:\n \n \n \n Advance Energy plc\n Larry Bottomley (Interim CEO)\n \n \n +44 (0)1624 681 250\n \n \n \n \n \n \n \n \n \n Strand Hanson Limited (Financial and Nominated Adviser)\n Rory Murphy / James Harris / James Bellman\n \n \n +44 (0)20 7409 3494\n \n \n \n \n \n \n \n \n \n \n \n \n Buchanan (Public Relations)\n Ben Romney / Jon Krinks \n \n \n +44 (0)20 7466 5000\n \n \n \n \n \n \n \n \n \n \n \n \n Tennyson Securities Limited (Joint Broker)\n Peter Krens / Ed Haig-Thomas\n \n \n +44 (0)20 7186 9030\n \n \n \n \n \n \n \n \n \n \n \n \n Optiva Securities Limited (Joint Broker)\...