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NCC Group fundraises to acquire IP management unit of Iron Mountain
Thu, 13th May 2021 12:47
(Alliance News) - IT security company NCC Group PLC on Thursday said it has agreed to buy the intellectual property management business of Iron Mountain Inc for USD220 million in cash, partly funded by a share issue.
The transaction comprises substantially all of the assets of Iron Mountain Intellectual Property Management Inc, together with some other assets of affiliates of Iron Mountain. Iron Mountain Intellectual Property reported revenue of USD32.9 million and earnings before interest, tax, depreciation and amortization of USD21.6 million for 2020.
The proposed transaction is expected to provide NCC with a number of financial benefits, it noted, as well as a greater global presence.
EXECUTIVE CHANGES: Norcros chair out; new Pennpetro, AFC Energy chairs
Thu, 15th Apr 2021 12:27
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:
Norcros PLC - Cheshire, England-based kitchen and bathroom products supplier - Chair Mark Allen steps down from the board effective Thursday. Senior Independent Director David McKeith becomes acting board chair until Norcros appoints a new non-executive chair. It is with a great deal of sadness that I have tendered my resignation from the board of Norcros. Unfortunately, my other business commitments do not allow me sufficient time to devote to the company, says Allen. Norcros also on Thursday said it made a strong finish to its financial year that ended March 31, with underlying operating profit ahead of previous guidance.
AMC Entertainment Holdings Inc. said the winter surge in coronavirus cases walloped the company during its latest quarter, forcing it to again shut down many of the theaters it had reopened.