Wigton Windfarm’s Managing Director to Demit Office

• Wigton Windfarm Limited (WIG) has advised that Mr. Earlington Barrett, Managing Director of WIG, will be demitting office effective March 31, 2024. The process of recruiting a new Managing Director is underway.
•  Interim measures for the continued leadership and operational oversight of the business have been implemented, and Miss Michelle Chin Lenn, the current Head of Energy of WIG, will serve as Acting Managing Director until the aforementioned recruitment process is completed.
• Wigton’s stock price has increased by 53.4% since the start of the calendar year. The stock closed Monday’s trading session at $1.12 and trades at a P/E of 38.6x which is above the Main Market Energy, Industrials and Materials Sector Average of 16.1x.

 (Sources: JSE and NCBCM Research)