REG - Time To ACT PLC - Board Appointment

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30/08/2024 08:15

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RNS Number : 2178C  Time To ACT PLC  30 August 2024

This announcement contains inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 as it forms part of UK domestic law by virtue of
the European Union (Withdrawal) Act 2018 ("MAR").

Time To ACT plc / AQSE: TTA / Market: Aquis  Stock Exchange Growth Market

30 August 2024

Time To ACT plc

 

("Time To ACT" or the "Company")

Board Appointment

Time To ACT plc (AQSE: TTA), an engineering-led group focused on technology
for the energy transition supply chain, is pleased to announce the appointment
of Sheila Beniams as a Non-Executive Director of the Company, with effect from
29 August 2024.

 

Sheila is a seasoned professional with extensive experience in recruitment,
governance, and business strategy.  A graduate of Stirling University with a
BA (Hons) in Business Studies, Sheila's career spans over three decades,
during which she has held key roles in both the private and public sectors.

 

Based in the North East of England, Sheila currently leads a team for the
Government Recruitment Service. In this role, she oversees the recruitment for
senior civil service positions across various government departments. Sheila's
strategic leadership has been instrumental in setting and achieving objectives
for high-profile recruitment campaigns, directly impacting the efficiency and
success of government operations.

 

Her experience includes leading large teams, managing high-pressure
recruitment campaigns and driving initiatives that support diversity,
inclusion, and social mobility within the Civil Service. Sheila's
understanding of stakeholder management and her ability to deliver under
pressure make her an invaluable asset to any organisation looking to enhance
its governance and operational effectiveness.  Her roots in the North East
are the basis of a commitment to adding value to businesses in the region.

Chris Heminway, Executive Chairman of Time To ACT plc commented:  "I would
like to welcome Sheila to our team. With her extensive experience in strategic
recruitment and governance, Sheila brings a wealth of knowledge and leadership
that will be invaluable as we grow and strengthen our operations. Having
previously helped Time To ACT to recruit senior level staff, Sheila already
has a good understanding of our business.  Her deep roots in the North East
and her proven track record in driving impactful initiatives make her an
exceptional addition to our organisation. I am confident that Sheila will not
only enhance our governance but also add significant value to our business as
we move forward."

Disclosures required pursuant to Rule 4.9 of the Aquis Growth Market Access
Rulebook

Sheila Beniams has no current or previous directorships, over the last five
years, to declare. She does not hold any securities issued by the Company.

Save as set out in this announcement, Sheila Beniams has confirmed there are
no further details to be disclosed in connection with her appointment as a
director of the Company pursuant to Rule 4.9 of the Aquis Growth Market Access
Rulebook.

**ENDS**

For more information, please visit www.timetoactplc.com
(http://www.timetoactplc.com/) or contact the following:

 

 Time To ACT plc                                    Tel: +44 (0) 1642 967138

 Chris Heminway, Executive Chairman                Email: crh@timetoactplc.com (mailto:crh@timetoactplc.com)

 Gary Wallace, Chief Financial Officer             Email: gw@timetoactplc.com (mailto:gw@timetoactplc.com)
 Novum Securities Limited, AQSE Corporate Advisor  Tel: +44 20 7399 9400

 David Coffman, Daniel Harris, George Duxberry

 Oberon Capital, Corporate Broker                  Tel: +44 203 179 5300

 Nick Lovering, Adam Pollock, Mike Seabrook
 St Brides Partners Ltd, Financial PR              Tel: 020 7236 1177

 Ana Ribeiro, Paul Dulieu, Isabelle Morris         Email: timetoact@stbridespartners.co.uk

                                                 (mailto:timetoact@stbridespartners.co.uk)

 

About Time To ACT plc

Time To ACT plc is an engineering-led group focused on technology for the
energy transition supply chain. It currently has two principal operating
businesses: Diffusion Alloys and GreenSpur. As the parent company of the
Group, Time To ACT provides strategic and operational support to the operating
companies and capital to enable their growth.

About GreenSpur

GreenSpur is an intellectual property creator and generator designer that has
developed a credible solution for  renewable energy applications to the Rare
Earth magnet problem.

 

Magnets constructed using Rare Earth Elements (REEs) are fundamental
components in electrical generators and electric vehicle motors which are
critical to delivering the clean energy transition. However, there are
substantial supply chain constraints and risks in the sourcing of REEs that
are needed for these magnets.

 

GreenSpur's generator design eliminates the need for Rare Earth magnets and
copper coils without any loss in electrical performance.

 

About Diffusion Alloys

Diffusion Alloys supplies diffusion coatings. A diffusion coating is an
intermetallic layer that protects metal components from degradation at high
temperatures and in highly corrosive environments, such as those found in
hydrogen and nuclear energy generation.

 

Diffusion Alloys has joined forces with Johnson Matthey plc, the market
leaders in synthesis gas ("syngas") with a significant pipeline of Blue
Hydrogen projects, to scale-up production and address the increasing demand
for low carbon hydrogen used to reduce global carbon emissions.

 

In addition to working for numerous historic and existing customers, the
Directors believe that Diffusion Alloys is the only credible diffusion coater
in the world for blue hydrogen components, has already been coating in volume
for a leading European vendor in the green hydrogen space and is also in
pre-commercial discussions with new cleantech equipment manufacturers

 

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