EXECUTIVE CHANGES: Tekmar hires former Kromek CFO; Redx chair departs
Tue, 1st Jun 2021 15:51
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and not separately reported by Alliance News:
Tekmar Group PLC - provider of technology and services for offshore energy markets - Hires Derek Bulmer as new chief financial officer. Sue Hurst, the current CFO, steps down from the role on Tuesday but will remain on the board for a transition period. Bulmer was CFO and in-house counsel for AIM-listed radiation detection technology firm Kromek Group PLC from 2010 until last year. Prior to Kromek, he had worked at brick maker Ibstock PLC, among other employers. Tekmar also announced its annual results on Tuesday. For the 12 months ended March 31, it swung to pretax loss of GBP2.5 million from a profit of GBP2.0 million the year before, on revenue which declined 29% to GBP29.1 million from GBP40.9 million.
TRADING UPDATES: AVI Global sees strong results; Finsbury Food rebound
Wed, 26th May 2021 18:18
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
AVI Global Trust PLC - invests in family-controlled holding companies, closed-end funds and asset backed opportunities - Reports interim net asset value per share at March 31, of 1,038.07 pence, jumping from 635.20p a year prior. Maintains first-half, ended March 31, dividend of 6p per share. I am pleased to report that in the six months under review, AGT s NAV increased by 26.8%. This result made AGT one of the top performers in its peer group of global investment trusts. Some of the strongest contributions over the period came from companies - such as Aker, Jardine Strategic and Exor NV - that had been hardest hit by the Covid-19 pandemic, and subsequently rallied in November 2020, following the announcement of the Pfizer/BioNTech vacc
Result of Placing and Open Offer and TVR Highlights: · Open Offer closed with c.38.15% take-up from existing shareholders raising gross proceeds of £2.63 million (US$3.72 million) through the issue of 750,289,637 ordinary shares at a price of 0.35p each ( Open Offer Shares ). · Successful Placing to raise additional gross proceeds of £4.26 million (US$6 million) through the further issue of 1,216,599,935 ordinary shares at a price of 0.35p each ( Placing Shares ). · Aggregate gross proceeds of £6.9 million (US$9.75 million) from Open Offer and Placing. Placing Summary: Bahamas Petroleum, the Caribbean and Atlantic margin focused oil and gas company, with production, appraisal, development and onshore and offshore exploration assets across the region,