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7:29 AM, 14 March 2018


LSE share chat down today ?

It seems that the LSE chat board is down today - also RNS's are not accessible. I see that RedT has something out again but cannot see it.


7:45 AM, 14 March 2018

RedT Energy PLC

Management Team Update and Board Changes

RNS Number : 6296H
RedT Energy PLC
14 March 2018

This announcement contains inside information


14 March 2018

redT energy plc


("redT" or the "Company")


Management Team Update and Board Changes


redT energy plc (AIM:RED), the energy storage solutions company, is pleased to announce the appointment of Fraser Welham to the Board of the Company and to the role of Chief Financial Officer of redT, with effect from  3rd April  2018.  In addition, David Stewart has been promoted to the role of Chief Operating Officer and Jean-Louis Cols appointed as Technology Director. 


Prior to joining redT, Fraser was a Managing Director, Finance at The Green Investment Group, formerly the UK Green Investment Bank, having previously spent five years as Group Finance Director of Element Power, a private equity owned global, utility-scale, solar and wind renewable energy developer.  Before this, he spent 14 years at Shanks Group PLC a LSE-listed waste management company, where he became Group Finance Director during the period in which the company was in the FTSE 250. Fraser is an ICAEW Chartered Accountant and holds a BSc (Eng) First Class Honours degree in Mechanical Engineering from Kings College London.


Fraser brings a wealth of experience of project finance in the renewable energy sector, which is core relevant experience that will further enable redT's customers to embrace energy storage.  He also has significant experience managing City relationships, having led the finance function at a FTSE 250 listed business.


David Stewart, who joined redT one year ago as Commercial Director and was appointed to the Board of redT in April 2017, has been promoted to the role of Chief Operating Officer. David was formerly the Director for Strategic Investment at Jabil Circuit Inc. (NYSE: JBL) and has extensive experience working with high growth technology product businesses including Hewlett Packard.


Jean-Louis Cols joined redT at the start of this year in the role of Technology Director and brings with him over 25 years experience in Technology and Product Development, relevant to the current stage of redT's growth. He has managed complex R&D and product development teams in fuel cells and energy storage systems for the last 5 years with Logan Energy and Intelligent Energy. Prior to this, he led successful technology product launches in the semiconductor, consumer electronics and aerospace industries with companies such as Texas Instruments and Ericsson.


Scott Laird will be stepping down from the Board on 3rd April 2018 and as Finance Director on 30th April.  During his 3-year tenure, Scott implemented strong financial controls within redT's business, oversaw the raising of institutional capital, ensured full regulatory compliance, and built a quality finance team, all of which has been crucial during the early stage growth of redT. He has also provided valuable contributions to redT's management team and as a member of the Board.  Scott will ensure an orderly handover of responsibilities to Fraser in due course.


Scott McGregor, CEO of redT said:


"I'm very excited to have assembled a management team of this calibre at redT. The collective experience and knowledge base of our executive team is first class and demonstrates our leading position in the energy storage sector.  This announcement shows our ability to recruit best in class personnel and our determination to utilise the best resources from other sectors to capture the market opportunity in front of us.


I would also like to thank Scott Laird for his dedicated efforts over the past three years. His hard work and commitment in establishing the financial structure of the Company and ensuring strict financial discipline during redT's early growth phase has been an invaluable factor in the continued success of the company and we wish him every success in his future endeavours."



Save for the information disclosed below, there are no further disclosures to be made in accordance with Schedule Two paragraph (g) of the AIM Rules for Companies in respect of Mr Welham.


Full name:


Fraser Andrew Norton Welham




Current Directorships / Partnerships:


F Welham Consulting Ltd

Former Directorships / Partnerships

Element Power Asset Management Limited

(within the last 5 years):

Element Power Chile S.A.

Element Power Finland Developments Oy

Element Power Ireland Development Limited

Element Power Ireland Finance Limited

Element Power Ireland Limited

Element Power Ireland

Project Company Limited

Element Power Limited

Element Power Polska SP. Z o.o

Element Power Sweden AB

EPCL Element Power Cyprus Limited

EPCL2 Element Power Cyprus 2 Limited

Greenwire Energy Limited

Greenwire Limited

Hudson Element Power GP, LLC

lipuisto Oy

Monashee Windfarm Limited

Parque Eolico Arauco S.A

RDS Element Power Limited

Tullymurdoch Limited

Otsotuuli Oy *

Element Power Cattiva Holdings S.a.r.I

Element Power Hellas, S.A.

Granskog Vindkraft AB

Julkuvaaran Tuulivoima Oy

Korvennevan Tuulivoima Oy

Mikonkeitaan Tuulivoima Oy

Hiperion Energy, S.L.

Element Power G.P S.a.r.l

Element Power Holdings B V.

Element Power Northern Europe Developments Limited

* Alternate Director





redT energy plc

+44 (0)20 7061 6233

Scott McGregor, Chief Executive Officer


Joe Worthington, Investor & Media Relations




Cenkos Securities (Nominated Advisor & Broker)

+44 (0)131 220 9100

Derrick Lee



7:44 AM, 14 March 2018



7:40 AM, 14 March 2018

Can anyone post the RedT RNS ?

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