NOT FOR
RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY,
WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR
JAPAN.
25 March 2024
Cindrigo
Holdings Limited
('Cindrigo' or the 'Company')
Board
Changes
Cindrigo Holdings Ltd. (LSE:CINH) is
pleased to announce the appointment of Mr Johan Glennmo as a
Non-Executive Director of the Company with immediate
effect.
Mr Glennmo, age 49, has a background
in IT and technology consulting and is currently Chairman of Danir
AB, Cindrigo's largest shareholder, and is a director of a number
of Danir AB's investee companies. Mr Glennmo replaces Mr Jordan
Oxley as a Non-Executive Director, who steps down as Director but
will continue to work with Cindrigo as a consultant and advisor to
management and the Board.
Jörgen Andersson Chairman of the
Board comments: "We are very pleased that Danir Group
Chairman, Johan Glennmo, has accepted the invitation to become a
Non-Executive Director of Cindrigo. I would like to thank Jordan
Oxley for his valuable contribution to the Board during the
development of the Company's new geothermal business structure and
look forward to utilising his skills and services in his continuing
work with the Company.
**ENDS**
For more
information please contact:
|
Cindrigo
Holdings Limited
Lars
Guldstrand CEO
|
+44 (0)
7408 861 667
|
|
Hannam
& Partners (Financial Advisor & Corporate
Broker)
Samuel
Merlin, Sean Urquhart
|
+44 (0) 20
7907 8500
|
|
St Brides
Partners Ltd (PR)
Paul
Dulieu
|
+44 (0) 20
7236 1177
|
Notes
Cindrigo Group is an active clean baseload power developer engaged in the
renewable energy sector. Its current focus is on the construction
of an initial 20 MW geothermal power plant located in Croatia but a
number of other projects are also underway, primarily in the
Pannonian Basin of Central Europe.
Cindrigo aims to have contracts in
place for geothermal power plant projects with up to 200 MW of
contracted capacity within a year, up to 450 MW within three years
and 1000 MW by 2030. The financing for each power plant
project will be primarily on a structured project finance basis
within special purpose vehicles for each project.
Cindrigo is in the process of
seeking approval by the FCA of a prospectus in respect of its
proposed application for re-admission to the standard segment of
the Official List and to trading on the Main Market of the London
Stock Exchange.