RNS Number : 6317O
Thames Water Utilities Limited
16 May 2024
 

Thames Water Utilities Limited

Director change

 

 

 

Thames Water Utilities Limited ("TWUL" or "Thames Water") announces that Michael McNicholas, shareholder nominated Non-Executive Director of TWUL since 2019, has informed the TWUL Board of his intention to stand down with immediate effect. 

 

This follows the announcement made on 28 March 2024 that, based on the feedback provided by Ofwat to Thames Water to date, the regulatory arrangements that would be expected to apply to Thames Water in AMP8 make the PR24 plan uninvestible.

 

Thames Water continues to meet Ofwat's expectation that Independent Non-Executive Directors form the largest single group on the Board and the UK Corporate Governance Code requirement that, excluding the Chairman, Independent Non-Executive Directors make up at least half the Board membership.

 

 

 

For investor enquiries please contact

David Gregg - Director of Corporate Finance

Sarah Davies - Head of Investor Relations

debt.investorrelations@thameswater.co.uk

 

For media enquiries please contact 
 Suvra Jans

Head of Media Relations

07747 640 810

Suvra.jans@thameswater.co.uk 

 

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