Molecular Energies PLC Appointment of CEO of Green House Capital (4371N)
September 25 2023 - 2:00AM
UK Regulatory
TIDMMEN
RNS Number : 4371N
Molecular Energies PLC
25 September 2023
25 September 2023
MOLECULAR ENERGIES PLC
("Molecular" or the "Company")
Appointment of Chief Executive Officer of Green House Capital
Group PLC
Molecular Energies (AIM: MEN), the international energy company,
is pleased to announce the appointment of Christopher Raggett as
Chief Executive Officer of Green House Capital Group PLC ("GHC"), a
75% subsidiary of Molecular, which it intends to spin out by way of
an initial public offering on the AIM Market of the London Stock
Exchange in Q4 this year.
Christopher, who has joined with effect from today, has over 15
years of experience in energy and corporate finance. Until recently
he sat on the Group Executive Committee of finnCap Group plc - an
AIM quoted financial services firm incorporating capital markets,
M&A, private capital and debt advisory services. He was also
Head of Energy and Natural Resources and Co-Head of Corporate
Finance at finnCap Capital Markets Limited (subsequently Cavendish
Capital Markets Limited following a merger with Cenkos Securities
plc), which is the largest Nominated Adviser and Broker on AIM by
number of clients. Prior to joining finnCap, Christopher was a
solicitor at a multi-national US-based law firm. In September 2022,
Christopher was appointed to the board of net-zero energy
consultancy, Energise Ltd.
Peter Levine, Chairman of Molecular Energies plc, commented: "I
have worked with Chris for many years now and have seen first-hand
how his insightful, down-to-earth and pragmatic business sense and
strong network in the energy industry can help companies to grow. I
am delighted he has decided to embark on a new complementary career
and become CEO of this exciting business. The capital markets
experience and passion for business that Chris has will be
invaluable as Green House Capital builds upon the momentum already
established."
Christopher Raggett, Chief Executive Officer of Green House
Capital, commented: "I am extremely excited to be joining Green
House Capital. There are vast opportunities in the green energy
space and a distinct need for strategic vision and direction to
help entrepreneurs affect change while maintaining financial
discipline. I am looking forward to helping the excellent existing
portfolio within Green House achieve its potential and to growing
the business even further."
For further information, please visit
www.molecularenergiesplc.com or contact:
Molecular Energies PLC +44 (0) 207 016 7950
Peter Levine, Chairman info@molecularenergiesplc.com
Rob Shepherd, Finance Director
Cavendish Capital Markets Limited
(Nominated Adviser and Broker)
Simon Hicks, George Dollemore +44 (0) 207 220 0500
Green House Capital Group PLC +44 (0)20 7016 7950
Christopher Raggett christopher.raggett@GHCplc.com
Tavistock (Financial PR and
IR)
Simon Hudson, Nick Elwes, Charles
Baister +44 (0) 20 7920 3150
Notes to Editors
About Molecular Energies
Molecular Energies PLC is an AIM listed company at the forefront
of energy development and has interests across the energy spectrum,
from oil and gas projects to subdivisions in the green and
alternative energy sub-sectors. The Company has oil and gas
production in Argentina as well as exploration assets in both
Argentina and Paraguay. The Company has two separate subdivisions
which are focused on early-stage opportunities in the green and/or
alternative energy sub-sector.
Activities in the green and alternative energy space are being
carried out under the Green House Capital brand and through AIM
listed Atome Energy PLC, a green hydrogen, ammonia, and fertiliser
company operating in Paraguay, Costa Rica and Iceland, in which
Molecular currently has 20.5%.
With a strong strategic and institutional base of support, an
in-country management team as well as the Chairman whose interests
as the largest shareholder are aligned to those of its
shareholders, Molecular gives UK investors access to an energy
growth story combined with world class standards of corporate
governance, environmental and social responsibility.
-ends-
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