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EXECUTIVE CHANGES: Tungsten taps NTT exec as CEO; Staffline fundraises

Wed, 09th Jun 2021 15:43

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Wednesday and not separately reported by Alliance News:

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Tungsten Corp PLC - London-based electronic invoices and purchase orders - Chief Executive Officer Andrew Lemonofides steps down from the board immediately and will leave Tungsten at the end of June, having served since September 2019. Tungsten hires Paul Cooper as its new CEO, joining the company immediately. Cooper joins Tungsten from NTT Ltd, part of Nippon Telegraph & Telephone Corp, where he was regional director for NTT in Europe.

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Staffline Group PLC - Nottingham, England-based recruitment and training - Proposes Thomas Spain as non-executive director, as a representative of Henry Spain Investment Services Ltd, one of Staffline's largest shareholders. Appointment is subject to confirmation at annual general meeting in July. Staffline says Henry Spain Investment subscribed for 10.1 million shares as part of its open offer launched at the end of May. Staffline raised GBP44 million from the placing and GBP4.4 million from associated open offer, both at 50 pence per share.

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Amte Power PLC - London-based lithium-ion battery cells manufacturer - Chief Financial Officer Adam Westcott will leave company for a role at another business. Westcott will remain for six months while a new CFO is installed. Amte listed on AIM back in March, raising just under GBP14 million.

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CloudCoCo Group PLC - London-based IT and communications for businesses and public sector - Mike Lacey steps down as CFO and from board "for personal reasons", having been in post since January last year. Promotes Finance Director Darron Giddens to CFO. Giddens has been with CloudCoCo since 2009.

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Mattioli Woods PLC - Leicester, England-based wealth and asset management - Michael Wright joins board as managing director, having received regulatory approval from the UK Financial Conduct Authority. Also is made director of subsidiary Custodian Capital Ltd.

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Dewhurst PLC - London-based electrical components for lifts and keypads - Hires Susan McErlain and Charles Holroyd as non-executive directors. McErlain co-founded financial public relations firm Square Mile Communications and was director of corporate affairs for Ultra Electronics Holdings PLC. She currently is a non-executive director of AIM-listed Trackwise Designs PLC. Holroyd was a senior manager and board member at Oxford Instruments PLC, and he currently is Senior Independent Director of AIM-listed Judges Scientific PLC.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
2 Feb 2024 10:46

IN BRIEF: Amte Power joint administrators agree business, asset sale

Amte Power PLC - London-based lithium-ion and sodium-ion battery cells developer - Says joint administrators Richard Bloomfield, Ian Corfield and Michelle Marie Elliot of FRP Advisory Trading Ltd have entered a business & sale agreement, regarding the sale of a part of the trading business and some other assets to LionVolt Ltd. Amte Power reiterates that if it fails to appoint a replacement nominated advisor following the resignation of WH Ireland Ltd in January, its admission of shares to trading on AIM will be cancelled. AMTE has one month to appoint a new nominated advisor after WH Ireland's resignation on January 19.

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19 Jan 2024 14:27

IN BRIEF: Amte Power pursuing sale of assets; appoints administrators

Amte Power PLC - London-based lithium-ion and sodium-ion battery cells developer - Appoints administrators from FRP Advisory Trading Ltd as it engages in "advanced negotiations" for the sale of its business and assets to an unnamed third party.

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8 Jan 2024 12:47

Amte Power files second notice of intention to appoint administrator

(Alliance News) - Amte Power PLC on Monday said it filed a second notice of intention to appoint an administrator, after receiving interest in its business and assets.

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19 Dec 2023 15:58

AMTE Power suspends trading and enters into administration

(Alliance News) - AMTE Power PLC announced on Tuesday that it intends to appoint administrators after failing to raise funds to continue trading.

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4 Dec 2023 17:33

TRADING UPDATES: 600 Group disposal and funding talks continue

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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16 Nov 2023 19:55

TRADING UPDATES: AMTE Power in subscription deal, launches placing

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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16 Nov 2023 04:30

TRADING UPDATES: Zephyr Energy sales fall in third quarter

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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10 Nov 2023 17:15

Amte Power makes progress on subscription as eyes averting insolvency

(Alliance News) - Amte Power PLC on Friday said it made "good progress" in negotiations with an unnamed equity investor over a proposed GBP2.5 million subscription, which it needs to complete in order to avoid entering administration.

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2 Oct 2023 18:40

EARNINGS AND TRADING: EDX Medical reports loss; Brandshield CFO leaves

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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27 Sep 2023 15:02

Amte Power plans to raise GBP250,000 through retail offer

(Alliance News) - Amte Power PLC shares were down on Wednesday, after it said it plans to raise GBP250,000 through a retail offer.

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26 Sep 2023 21:47

TRADING UPDATES: Anglo Asian to restart Gedabek operations on approval

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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25 Sep 2023 21:59

IN BRIEF: AMTE Power aims for trading suspension to be lifted

Amte Power PLC - London-based lithium-ion and sodium-ion battery cells developer and manufacturer - Says that following its general meeting on Monday, it will issue 112.6 million conditional placing shares. Application has been made to the London Stock Exchange for the admission of these shares to trading on AIM. It is expected these will become effective on September 26.

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8 Sep 2023 10:01

AMTE Power raises GBP2 million in equity as progresses new investor

(Alliance News) - AMTE Power on Friday said it will raise GBP2.1 million in fresh equity but at a steeply discounted price.

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25 Jul 2023 16:31

AMTE Power shares skyrocket as new equity investor to buy 80% stake

(Alliance News) - AMTE Power PLC on Tuesday announced that an unnamed potential new equity investor proposed to buy a large stake in the company.

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20 Jul 2023 11:12

IN BRIEF: Amte Power says it needs funding, situation "critical"

Amte Power - London-based lithium-ion and sodium-ion battery cells developer and manufacturer - Continues discussions with existing and potential investors about raising further finance. Says that the company is in a "critical" situation and faces the possibility it could go into administration in the next few days if a solution is not found. Its shares on AIM would be suspended immediately if it was put into administration.

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