The information contained on, or available via, this page was last updated on 18 December 2008.
The principal activity of the Group during the year was design, manufacture, supply and distribution of air conditioning and heating solutions for retail and commercial applications, including related parts and service activities.
James W Lugg † - Chairman and CEO Aged 46
James Lugg joined the Board as an executive director on 31 January 2006 and was appointed Chairman on 21 February 2007. He is a serial entrepreneur and turnaround specialist. James has been instrumental in re-focusing the Group back to its core Diffusion Heating and Cooling business and for initiating and leading the changes necessary in achieving the successful turnaround and subsequent growth in profits. James is also a non-executive director of other AIM listed and private companies. He supplies his services to the Company pursuant to a letter of appointment.
Kevin A Fallon † - Non-executive Director Aged 54
Kevin Fallon joined the Board in October 2004. He is a senior consultant and adviser to the Consensus Business Group,with 30 years business experience in the IT, aviation, retail, industrial and food sectors. He has worked in the United States, Europe, the Middle East and Asia. He has previously held a number of senior international business development positions including TRACO, where he was responsible for implementing global joint ventures with Mobil Oil and Samsung Heavy Industries. He has in depth IT knowledge gained from providing advanced communications solutions to the Royal Saudi Air Force and Saudi Aramco. He supplies his services to the Company pursuant to a letter of appointment.
Walter K Goldsmith † - Non-executive Director Aged 70
Walter Goldsmith joined the Board in May 2007. He is a chartered accountant with substantial Board level experience in a number of public and private companies. A considerable part of his career was spent at Black & Decker, the global manufacturer and marketer of power tools, where he was latterly Corporate Vice President and responsible for launching Black & Decker companies in 22 countries. He was subsequently Group Planning and Marketing Director at Forte Plc, the hotel group, and Director General of the Institute of Directors for five years. Walter is currently chairman or director of a number of other public and private companies.
† Members of the Audit and Remuneration Committees.
So far as is possible, given the Group's size and the constitution of the Board, the Directors comply with the principles of best practice as set out in the Combined Code on Corporate Governance published by the UK Listing Authority.
The Board has appointed an Audit Committee, consisting of Kevin Fallon (Committee Chairman), James Lugg and Walter Goldsmith. This Committee meets at least twice annually and is responsible for ensuring that the financial performance of the Group is properly reported and monitored and for meeting the auditors and reviewing their reports in relation to the accounts and internal control systems.
The Board has appointed a Remuneration Committee, which consists of Walter Goldsmith (Committee Chairman), James Lugg and Kevin Fallon. The Remuneration Committee is responsible for reviewing the performance of the Executive Directors within the Group and for setting the scale and structure of their remuneration and the basis of their service contracts. The Remuneration Committee also determines the allocation of share options to employees. Given the size of the Company, the Remuneration Committee will also act as the Nomination Committee responsible for considering and recommending to the Board changes in the Board's composition and membership.
Energy Technique Plc is incorporated in England & the main country of operation is the UK.
N/A
Articles of Association
Memorandum of Association
N/A
33,305,160 ordinary shares of 6.25 pence.
72.38%
At 1 May 2008, the Company was aware of the following interests of 3% or more of the issued share capital:
| Ordinary shares of 6.25p each No. |
|
|
Gallastico Limited |
19,265,274 |
57.9 |
| James Lugg | 4,000,000 | 12.0 |
23,265,274 |
69.9 |
|
None
Interim Report - 30 September 2008
Reports and Accounts - 2008
| Date | Time | Title | No. |
| 18-Dec-08 | 07:00 | Half-yearly Report | 2658 |
| 19-Nov-08 | 17:48 | Holding(s) in Company | 2631 |
| 02-Jul-08 | 13:52 | Result of AGM | 2431 |
| 23-May-08 | 07:00 | Preliminary Results 2008 | 1341V07 |
| 01-May-08 | 16:16 | Holding(s) in Company | 2106 |
| 07-Mar-08 | 09:32 | Director/PDMR Shareholding | 2192 |
| 06-Mar-08 | 13:10 | Director/PDMR Shareholding | 2553 |
| 20-Feb-08 | 10:53 | Holding(s) in Company Correction to notifiable interest |
2391 |
| 19-Feb-08 | 15:28 | Holding(s) in Company | 2634 |
| 18-Feb-08 | 17:25 | Holding(s) in Company | 2757 |
Recent Admissions Statement
Capital Reorganisation - October 2005
| Auditors Milsted Langdon LLP Winchester House Deane Gate Avenue Taunton TA1 2UH |
Bankers Barclays Bank Plc London Corporate Banking 180 Oxford Street London W1D 1EA |
|
Stockbrokers |
Registrars Capita Registrars Northern House Woodsome Park Fenay Bridge Huddersfield HD8 0LA |
| Solicitors DMH Stallard 6 New Street Square New Fetter Lane London EC4A 3BF |
Nominated Adviser |
All of the above information has been disclosed pursuant to Rule 26 of the AIM Rules for Companies.