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EXECUTIVE CHANGES: New Anpario board member Kate Allum to become chair

EXECUTIVE CHANGES: New Anpario board member Kate Allum to become chair
Mon, 19th Apr 2021 15:59
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Monday and not separately reported by Alliance News:
Anpario PLC - Nottinghamshire-based manufacturer of natural sustainable animal feed additives - Peter Lawrence will retire as non-executive director at annual general meeting on June 17, with Kate Allum, a newly appointed non-executive director, to become the new chair. Allum, who joined the Anpario board at the start of February, was head of European Supply Chain at McDonald s Corp and also chief executive of First Milk, a UK farmer-owned dairy co-operative. Anpario also says Matthew Robinson will take over immediately as senior independent director from Richard Wood, who retired from the board on March 31. ....

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Vaalco Energy CEO to resign, replacement named - Houston Business Journal

Vaalco Energy CEO to resign, replacement named - Houston Business Journal
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

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Houston Based VAALCO Appoints New CEO

VAALCO Energy, Inc. (NYSE, LSE: EGY) has announced that its board of directors has named George Maxwell as the company's new chief executive officer. ....

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EXECUTIVE CHANGES: Eland Oil founder now Vaalco CEO; Dialight CFO out

EXECUTIVE CHANGES: Eland Oil founder now Vaalco CEO; Dialight CFO out
Mon, 12th Apr 2021 16:15
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Monday and not separately reported by Alliance News:
Wizz Air Holdings PLC - Budapest-based central and eastern Europe-focused budget airline - Hires Anthony Radev as independent non-executive director, starting Tuesday and replacing Barry Eccleston. Radev is president of Corvinus University at Budapest. He also is on the boards of MOL Hungarian Oil & Gas PLC, the Hungary Football Federation, and DSK bank in Bulgaria. Until 2013, Radev was a senior partner at consultants McKinsey & Co. ....

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Fitch Rates Seplat's New Notes Final 'B-'

Domestic gas prices of about USD2.9/mcf on average until 2024
Upstream production ramping up to above 60kboe/d in 2023
Dividends of about USD59 million a year up to 2024
Fitch’s Key Assumptions for Recovery Analysis:
The recovery analysis assumes that Seplat would be reorganised as a going-concern (GC) in bankruptcy rather than liquidated.
Seplat’s post-reorganisation, going-concern EBITDA is estimated at around USD223 million, based on the current asset base. A drop in EBITDA to the going-concern level reflects risks associated with hydrocarbon price volatility, potential unplanned downtime and other adverse factors
We have applied a distressed enterprise value (EV)/EBITDA multiple of 4.5x to calculate a going-concern EV, reflecting a mid-cycle multiple for the natural resources sector in the EMEA region and the risks associated with the operating environment in the country of operation. ....

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