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Pin to quick picksBeowulf Share News (BEM)

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UK EXECUTIVE CHANGE SUMMARY: Babcock Adds Former MI5 Chief To Board

Tue, 10th Nov 2020 13:48

(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:

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Babcock International Group PLC - London-based aerospace and defence - Appoints Andrew Parker as independent non-executive director, joining the board immediately. Parker is the former director general of UK national security agency MI5, from 2013 until earlier this year. Meanwhile, David Omand will step down from the board after 11 years at the end of the current financial year in March.

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City Pub Group PLC London-based pub owner and operator - Hires Toby Smith into the new role of chief operating officer, from Tuesday. Smith was the chief executive officer of Stonegate Pub Co. At the same time, Alex Derrick, joint managing director, will leave the company, "in light of the current trading conditions" for UK pubs, which are currently shut for a second lockdown of 2020. "The challenges of COVID will also bring opportunity, and we are seeking to position ourselves to take advantage of opportunities which undoubtedly will arise," remarks Executive Chair Clive Watson. "The pub estate has been locked down far more effectively than the first time. All retail staff and a large number of head office staff are now on furlough."

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IronRidge Resources Ltd - Africa-focused minerals explorer with assets in Ghana, Chad, Gabon and Ivory Coast - Priy Jayasuriya resigns as chief financial officer "by mutual agreement", effective immediately. Appoints Karl Schlobohm as interim CFO while a search for a permanent replacement is conducted. Schlobohm is IronRidge's company secretary and has acted as its CFO in the past.

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SolGold PLC - mineral exploration in Ecuador - Jayasuriya also departs as CFO of SolGold, which appoints Ingo Hofmaier as interim CFO. Hofmaier has been executive general manager for Project & Corporate Finance for SolGold since September of last year.

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Beowulf Mining PLC - Kallak iron ore project in Sweden - Goran Farm steps down as non-executive chair on Tuesday, having been in post for three years. Farm is replaced as chair by Sven Littorin, a former minister for Employment in the Swedish government.

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DeepVerge PLC - Dublin-based skin product testing firm formerly known as Integumen - Adds Nigel Burton to board following takeover of Modern Water PLC. Burton was a non-executive director of Modern Water, and his executive career included investment banking roles at UBS Warburg and Deutsche Bank AG.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
5 Feb 2024 21:10

TRADING UPDATES: Beowulf appoints project director; Kromek firms grant

(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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22 Jan 2024 17:01

LONDON MARKET CLOSE: Stocks up on US gains, overlooking rates fears

(Alliance News) - Stock prices in London closed largely up on Monday, getting some impetus from bullish trade in New York at the end of last week and for now overlooking interest rate worries.

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22 Jan 2024 11:49

Beowulf Mining shares up after government backs Kallak mining

(Alliance News) - Beowulf Mining PLC received an endorsement from the Swedish government on Monday, as it declared the company's planned Kallak operations a matter of "national interest".

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17 Jan 2024 18:31

IN BRIEF: Beowulf Mining hopeful for prospects of updated strategy

Beowulf Mining PLC - Sweden, Finland and Kosovo-focused mining company - Provides update for the graphite anode materials plant in the GigaVaasa area. Updates strategy to fast-track full GAMP process to capture more of the anode material production value-chain and provide greater supply-chain security following the export controls imposed by China on graphite materials in December 2023. Explains graphite concentrate will initially be sourced from third parties but ultimately the intention is to develop own deposits in Finland where preliminary metallurgical test-work has returned very encouraging results. Says enhanced pre-feasibility study on the full GAMP process is expected to be concluded during 2024. Chief Executive Ed Bowie comments: "This updated strategy builds on the PFS completed last year and, through capturing more of the value-chain, is expected to improve the already excellent economics."

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29 Nov 2023 14:18

IN BRIEF: Beowulf Mining third-quarter loss narrows after loan repaid

Beowulf Mining PLC - Sweden, Finland and Kosovo-focused mining company - Consolidated loss narrows to GBP586,127 in the third quarter that ended September 30 from GBP593,178 a year prior, as finance charges fall to effectively none from GBP146,120. This was the result of a bridging loan being repaid in the first quarter of 2023. The company does not generate revenue. Looking ahead, Beowulf is focused on Kosovo, where Vardar Minerals completed "critical" baseline mapping and sampling on Beowulf's Shala licenses. Chief Executive Ed Bowie explains: "The area contains kilometre-scale hydrothermal alteration systems with significant base and precious metal content identified in soils and grab samples. Follow-up work including detailed mapping, infill sampling and drone magnetic surveys, are helping to better define future drill targets."

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2 Nov 2023 14:18

TRADING UPDATES: Pyx premium zircon production up in third quarter

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

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31 Oct 2023 14:26

TRADING UPDATES: Zotefams wins Nike deal; Serinus in licence extension

(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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30 Oct 2023 15:56

TRADING UPDATES: Bezant optimistic after Hope & Gorob estimate

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

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27 Oct 2023 13:34

Beowulf's Grafintec seeing opportunities in China export ban

(Sharecast News) - Beowulf Mining updated the market on its graphite strategy on Friday as it looked to capitalise on a new, restrictive regulatory move from China.

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27 Oct 2023 13:34

Beowulf's Grafintec seeing opportunities in China export ban

(Sharecast News) - Beowulf Mining updated the market on its graphite strategy on Friday as it looked to capitalise on a new, restrictive regulatory move from China.

Read more
24 Oct 2023 16:37

Beowulf Mining shares jump as work ramps up at Kallak iron ore project

(Alliance News) - Shares in Beowulf Mining PLC on Tuesday leapt after reporting a positive update at its Kallak iron ore project.

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24 Oct 2023 13:29

Beowuld reports progress on Kallak Iron Ore Project

(Sharecast News) - Beowulf Mining updated the market on progress and its plans for the Kallak Iron Ore Project on Tuesday, alongside its wholly-owned Swedish subsidiary Jokkmokk Iron Mines.

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24 Oct 2023 10:47

AIM WINNERS & LOSERS: FD Technologies fall as swings to loss

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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26 Sep 2023 19:38

TRADING UPDATES: Cohort trading ahead of expectations, record orders

(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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4 Sep 2023 11:23

Beowulf Mining notes Grafintec working to establish graphite facility

(Alliance News) - Beowulf Mining PLC on Monday noted that its Finnish subsidiary Grafintec Oy is working on establishing a facility for processing graphite, focused on the European battery industry.

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