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Pin to quick picksAngus Energy Share News (ANGS)

Share Price Information for Angus Energy (ANGS)

London Stock Exchange
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Share Price: 0.475
Bid: 0.45
Ask: 0.50
Change: 0.025 (5.56%)
Spread: 0.05 (11.111%)
Open: 0.475
High: 0.575
Low: 0.45
Prev. Close: 0.45
ANGS Live PriceLast checked at -

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UK EXECUTIVE CHANGE SUMMARY: McColl's Hires Restaurant Exec As New CFO

Thu, 28th May 2020 14:10

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

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McColl's Retail Group PLC - convenience stores - Hires Giles David as chief financial officer, starting on Monday next week. David was CFO of Casual Dining Group - which operates the Bella Italia, Cafe Rouge and Las Iguanas restaurant chains - since 2017. He replaces Robbie Bell, who left McColl's to become CFO of health foods shops chain Holland & Barrett Retail Ltd. McColl's also adds Chief Commercial Officer Richard Crampton to the company's board, also from Monday, and appoints Benedict Smith as non-executive director from July 1. Smith was CFO at Dennis Publishing Group and previously for GAME Digital, among other companies.

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All Active Asset Capital Ltd - Asia-Pacific-focused investor - Confirms addition of Rodger Sargent to board as executive director, immediately. Sargent was proposed as a director by major shareholders 192 Pte Ltd and Chris Akers. Chair James Normand will handover executive duties to Sargent and become non-executive chair. Earlier this month All Active Asset Capital raised GBP1.2 million in a share placing. It said that Sargent, who in the past has served as director of London listings S4 Capital PLC and Be Heard Group PLC, holds no shares in All Active Asset Capital.

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Beeks Financial Cloud Group PLC - cloud computing and connectivity provider for financial markets - Christopher Livesey resigns as non-executive director effective Wednesday, "reflecting increased time commitments at his other business interests".

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Thalassa Holdings Ltd - British Virgin Islands-registered industrial holding company Hires former HSBC Holdings PLC executive Martyn Porter as non-executive director. Porter was with HSBC for 25 years, including serving as CEO of the HSBC Private Bank and Asset Management companies.

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Challenger Acquisitions Ltd - Hires Jonathan Tidswell-Pretorius as non-executive director with immediate effect. Tidswell-Pretorius founded AIM-listed Angus Energy in 2009, where he currently is business development director. Challenger receives USD50,000 from Tidswell-Pretorius from the issue of an unsecured convertible note due May 19, 2021.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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IN BRIEF: Angus Energy shares fall on small delay at Saltfleetby field

Angus Energy PLC - UK-focused onshore oil and gas producer - Says noise abatement and "other modifications" have caused some "small delay" in the arrival of the compressor skid at the Saltfleetby gas field in east Lincolnshire, England. Notes that this will not impact the overall timeline. Expects dry commissioning to begin on April 26 with select hydrotesting of key site pipework. Anticipates wet commissioning to begin at or around May 15 and expects it to last around two weeks. Continues to target first gas by June 1, allowing for one full month of unhedged production.

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IN BRIEF: Angus Energy gets approvals for new layout at Saltfleetby

Angus Energy PLC - UK-focused onshore oil and gas producer - Says it has been granted permission to reconfigure the layout of its 51%-owned Saltfleetby B site near the North Sea coast by Lincolnshire City Council. This is the last of permissions required from the local authority needed for the site to achieve first gas. Last week, Angus reported work at field was progressing, having secured heat exchangers which were previously the cause of delays.

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IN BRIEF: Angus Energy gives Sound more time to make formal offer

Angus Energy PLC - UK-focused onshore oil and gas producer - Grants Morocco-focused Sound Energy PLC another one-month extension to 'put-up-or-shut-up' deadline. Sound had been required to confirm its intention to make a takeover offer for Angus by Friday, but this has now been put back to April 8. Angus said discussions and mutual due diligence between the two companies continues. After Angus had launched a formal sales process, Sound back in January said it had made a tentative all-share offer worth 1.50 pence per Angus share, or GBP21.6 million for the whole company, its fourth bid for Angus.

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