Plutus PowerGen PLC Board update (4642Q)
21 Octubre 2019 - 01:00AM
UK Regulatory
TIDMPPG
RNS Number : 4642Q
Plutus PowerGen PLC
21 October 2019
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
21 October 2019
PLUTUS POWERGEN PLC
("Plutus", the "Group" or the "Company")
Board update
The Company announces that it has received from its Chief
Operating Officer and Executive Director, Paul Lazarevic, a notice
alleging that the Company has breached the terms of his director
service agreement and/or consultancy agreement with the Company.
The Board (other than Mr Lazarevic) strongly believes that no such
breach has occurred.
In an email to the Board on 18 October 2019 Mr Lazarevic stated
that he considers that he has ceased to be a director of Plutus
with immediate effect. Furthermore, Mr Lazarevic has requested that
the Company informs Companies House of his ceasing to be a
director. Finally, Mr Lazarevic notified the Board that he has
informed Rockpool Investments, the directors of the Company's SPVs
and the main suppliers/contractors of the Company (including the
Company's nominated adviser) that he has ceased to be a director of
the Company.
Mr Lazarevic's director's service contract and consultancy
agreement require that he gives the Company 6 months prior written
notice of termination. The Company has received no such notice.
The Company is taking advice as to what steps it may take
(including taking legal action) against Mr Lazarevic to protect the
interests of the Company and its shareholders.
The Company will make further announcements in due course.
**ENDS**
For further information, please visit www.plutuspowergen.com, or
contact:
+44 (0) 20 8720
Plutus PowerGen Plc 6562
Charles Tatnall, Executive Chairman
Allenby Capital Limited (Nominated Adviser +44 (0)20 3328
and Joint Broker) 5656
Nick Athanas
James Hornigold
Turner Pope Investments (TPI) Limited +44 (0)20 3621
(Joint Broker) 4120
Andy Thacker
St Brides Partners Limited (Financial +44 (0)20 7236
PR) 1177
Isabel de Salis
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.
END
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