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Share Price: 36.00

Bid: 35.00

Ask: 37.00

Change: 1.00 (2.86%)

Spread: 2.00 (5.714%)

Open: 35.00

High: 36.00

Low: 35.00

Prev. Close: 35.00

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IN BRIEF: AssetCo says CEO to leave after "extremely demanding" period

Tue, 20th Jun 2023 17:10

AssetCo PLC - London-based asset management fund - Says Chief Executive Officer Campbell Fleming has decided to step down for personal reasons, effective June 30. Campbell oversaw AssetCo's formation, as well as multiple acquisitions. AssetCo will not replace Campbell directly; instead, Executive Chair Martin Gilbert and Chief Financial & Operating Officer Gary Marshall will assume its overall strategic direction and day-to-day operations, respectively. Alex Hoctor-Duncan, CEO of AssetCo's principal operating company and 2022 acquisition River & Mercantile Group PLC, also will continue taking on additional responsibilities.

Fleming says: "It was the right business and personal decision to step down after an extremely demanding 20 months integrating the group and as I now look to pursue additional non-executive roles. I will continue to support, as well as remain a shareholder of, AssetCo as I believe in its strategy, team and its people who continue to deliver for our clients as shown by our results."

Current stock price: 42.34 pence

12-month change: down 41%

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

More News

18 Mar 2011 07:35

AssetCo's shareholders pledge more support

AssetCo's major shareholders are rallying round the cash-strapped outsourced fire services provider, ready to chip in with money to boost working capital. Earlier this week the company said that some of its creditors reacted to news that the company is raising fresh funds through a placing by deman

14 Mar 2011 16:47

London close: Japanese concerns knock Footsie

London closed near to its low for the day as a decline on Wall Street dragged the market lower later in the day and there were concerns about the possible effects of the Japanese earthquake on financial markets and global economies. Miners Rio Tinto, Xstrata, African Barrick and ENRC are the pick o

14 Mar 2011 08:32

Creditors form queue as AssetCo rejects bid

Cash-strapped outsourced fire services provider AssetCo has rejected an "opportunistic" approach from a third party interested in taking over the company. In response to press speculation the company confirmed that talks have been taking place with the third party on an intermittent basis for sever

13 Mar 2011 10:17

Sunday newspaper round-up: Japan, Kaupthing, RBS...

Japan's giant car industry has announced a major shutdown as fears grow over the economic impact of Friday's devastating earthquake and subsequent tsunami which has crippled much of the north-east of the country. The three largest motor manufacturers - Toyota, Honda and Nissan - said they would sto

21 Feb 2011 17:54

AssetCo seeks equity and secures contract

AIM-quoted outsourced fire services provider AssetCo is trying to raise up to £8m from existing and new shareholders in order to provide the short-term funding it desperately needs. AssetCo believes that the financial problems should be temporary. It ran into trouble when the refinancing of non-re

14 Feb 2011 08:10

AssetCo ends takeover talks

AssetCo, the outsourced fire services provider, has ended talks with a potential bidder so it can focus on short term funding issues. The firm, which has contracts with the London Fire Brigade and their colleagues in Lincolnshire, has been struggling to restructure its non recourse asset financing

8 Feb 2011 16:43

AssetCo trying to secure finance

Outsourced fire services provider AssetCo has lost all of last week's gain on the back of a potential bid after it admitted that talks with its lenders are taking longer than hoped. AIM-quoted AssetCo has been trying to restructure its non recourse asset financing and associated short-term debt. T

31 Jan 2011 10:39

AssetCo reveals bid talks

Outsourced fire services provider AssetCo has confirmed that it is in talks with a potential bidder. Shares in AssetCo jumped 8p to 59.5p when trading commenced this morning. That is still little more than one-third of the peak share price in 2007. However, AIM-quoted AssetCo says that it is not

23 Dec 2010 11:15

Small caps round-up: Empyrean Energy, Enegi Oil, Synchronica

Shares in Empyrean Energy fell back after the oil firm reported much wider losses for the six months to 30 September amid a busy period focused on three projects in Texas. Pre-tax losses ballooned to £5m from £518,000 in the same period the previous year. Shares in Enegi Oil also fell back, even as

13 Dec 2010 17:15

Assetco expects better second half

Outsourced fire and rescue services provider AssetCo says that its contract in the UAE will start to generate revenues in the second half of its financial year. Revenue grew 4% to £17.1m in the six months to September 2010. The underlying growth was even stronger. Excluding an unrealised £791,000

5 Oct 2010 06:56

Tuesday tips round-up: Premier Foods, WS Atkins, AssetCo...

At the weekend Premier Foods confirmed reports that it had received approaches to buy Quorn and the other component of its meat-free division, Cauldron. Pretty much everything in the Premier portfolio is up for grabs; in the board's words, it is "open-minded" about disposals. Speculation has centre

25 Jun 2010 16:00

UK SMALLCAP ROUNDUP: WIN Recommends GBP15.9M Takeover

Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps WIN PLC (WNN.LN), a mobile entertainment and information company, Friday said it is recommending that shareholders back a cash offer from IMImobile valui

25 Jun 2010 12:30

UK SMALLCAP ROUNDUP: Maple Energy 2009 Loss Widens On Oil Price

Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps MAPLE ENERGY PLC (MPLE.LN), a Peru-focused energy company, Friday reported a wider full-year loss after a slump in the oil price hit revenue, and said it

25 Jun 2010 07:53

AssetCo's focus on support services pays dividends

Fire and rescue services business AssetCo said all of its forecast revenue for fiscal 2011 is already in the bag as it celebrated record figures for fiscal 2010. Profit before tax from continuing operations leapt from £1.3m the year before to £12.1m in the year to 31 March 2010. Earnings before in

25 Jun 2010 07:38

AssetCo FY Pretax Profit GBP12.1M Vs GBP1.3M

LONDON (Dow Jones)--AssetCo PLC (ASTO.LN), an international fire and rescue services group, Friday reported full year profit before tax from continuing operations of GBP12.1 million, compared with GBP1.3 million the previous year. MAIN FACTS: -Revenue for the year ended March 31 GBP45.2 mill

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IN BRIEF: AssetCo says CEO to leave after "extremely demanding" period

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