Bridge Ventures takes seat on TEG board

TEG Group, the AIM-listed green technology company based in Chorley, announced the appointment of Ian Hislop, a consultant at shareholder Bridge Ventures, as a non-executive director.

Bridges Ventures funded the recent £5.5m share placing by TEG to acquire Midlands rival Simpro and now owns 22.3% of the enlarged share capital of TEG.

TEG develops and operates organic composting and energy plants for local authorities, food producers and other large customers.

Hislop is a consultant to Bridges Ventures and previously ran two funds for Causeway Capital totalling £135m. He also spent 13 years with NM Rothschild & Sons in London and Hong Kong. Hislop owns 303,030 shares in TEG.

Nigel Moore, chairman of TEG, said: "We look forward to Ian joining our board at this exciting period in the company's next stage of development. Ian has extensive international business expertise and significant experience on the board of a number of substantial companies. We are confident he will contribute to the company's long-term growth plans."

Hislop's other current directorships are with Morex Investment LLP, Gandi Group and Mortmain.