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Pin to quick picksBlock Energy P. Share News (BLOE)

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UK EXECUTIVE CHANGE SUMMARY: CLS Holdings Founder Sten Mortstedt Dies

Tue, 15th Dec 2020 15:11

(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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CLS Holdings PLC - property investor in UK, Germany and France - Says Sten Mortstedt, the founder of the company and an executive director, died on Tuesday at the age of 80. Mortstedt founded CLS in 1987 and the Sten Mortstedt Family & Charity Trust owns 51.5% of the FTSE 250 company. CLS says the trust remains committed to the company and Anna Seeley remains its board representative as non-executive vice chair.

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Greatland Gold PLC - mineral exploration and development in Western Australia and Tasmania - Hires Shaun Day as chief executive officer, starting February 8. Day is the former chief financial officer of Northern Star Resources Ltd, an Australian gold producer listed in Sydney. He replaces Gervaise Heddle, who is leaving Greatland "to pursue other interests" but who will remain on the board until March 12 to ensure a smooth transition.

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Carclo PLC - West Yorkshire-based engineering for medical, optical and aerospace industries - Matt Durkin-Jones steps down as interim CFO and from board, effective from Thursday, replaced by Phil White, an accountant and experienced CFO. White will be interim CFO and won't join the Carclo board.

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Kerry Group PLC - Tralee, County Kerry-based foods and nutrition firm - Hires Jinlong Wang as independent non-executive director, starting January 5. Wang has had a long career in the food, beverage and hospitality industry, primarily with Starbucks China, part of Starbucks Corp, Kerry notes. Wang was a director of Pizza Express since 2015, resigning last month after a financial restructuring plan and company voluntary arrangement was put in place for the struggling restaurant chain.

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Victoria PLC - Worcestershire, England-based maker and distributor of floorcoverings - Appoints Blake Ressel as non-executive director. Ressel is a managing director of Koch Equity Development LLC, leading its European team. KED Victoria Investments LLC, an affiliate of Koch Equity Development, has a 10.7% shareholding in Victoria.

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Tiger Royalties & Investments PLC - London-based mining royalties and mining company investment - Hires Alex Borrelli as independent non-executive director, effective immediately. Borrelli is an accountant and investment banker who has been a director and chair of various listed companies over the past 15 years, company says.

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Block Energy PLC - oil and gas development and production in Georgia - Hires Chuck Valceschini as independent non-executive director, starting immediately. Valceschini is CEO of TechNefteGaz Consulting LLC and has nearly 40 years experience in the oil and gas sector, Block says.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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26 Jun 2019 15:07

Block Energy To Change Year-End To December 31

(Alliance News) - Georgia-focused oil and gas exploration company Block Energy PLC on Wednesday said it will change its accounting reference date to December 31 from June 30.It said this in

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17 May 2019 09:25

Tiger Resource Net Asset Value Declines In 2018 But Gets Rockrose Gain

LONDON (Alliance News) - Tiger Resource PLC on Friday reported a decline in its net asset value in 2018 as it sold some investments resulting in above average returns.Tiger shares were 59%

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16 May 2019 12:16

Block Energy Completes GBP12 Million Placing To Fund West Rustavi (ALLISS)

LONDON (Alliance News) - Block Energy PLC on Thursday said it has successfully raised around GBP12 million to fund work at its Georgian operations.Block has issued 109.1 million new shares

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15 May 2019 18:32

Block Energy To Raise GBP12 Million For West Rustavi Field (ALLISS)

LONDON (Alliance News) - Block Energy PLC on Wednesday said it will raise GBP12 million via an accelerated share bookbuild process.The exploration and production firm will use the money to

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17 Apr 2019 11:06

Block Energy Shares Continue Climb As Georgian Well Outperforms

LONDON (Alliance News) - Shares in Block Energy PLC rose on Wednesday as the firm reported flow rates from a Georgian well significantly ahead of expectations.Block was trading at 10.35 a a

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8 Apr 2019 17:11

Alastair Ferguson Now Holds 5.9% Stake In Block Energy (ALLISS)

LONDON (Alliance News) - Block Energy PLC on Monday said that Alastair Ferguson now owns a 5.9% stake in the company.Ferguson's stake in the energy firm prior to Monday's deal, if

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1 Apr 2019 15:21

Shares rally as oil producer Block Energy hits gold

(Sharecast News) - Shares in Aim's Block Energy have surged 60% after the oil explorer announced testing at a well in the Republic of Georgia had exceeded expectations.

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1 Apr 2019 10:22

WINNERS & LOSERS SUMMARY: Airlines Hit By easyJet Brexit Warning

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - down 3.8%. Deutsche Bank raised the and firm

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1 Apr 2019 09:29

Block Energy Shares Jump 50% As It Gets "Extraordinary" Well Result

LONDON (Alliance News) - Shares in Block Energy PLC surged Monday as it reported the best result from a well test in Georgia in 50 years.Shares were 52% higher on Monday at a price of 5.92

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28 Mar 2019 10:58

Block Energy Confident After Making Good Progress In Georgia

LONDON (Alliance News) - Block Energy PLC has made "excellent" progress at its operations in Georgia in its first half, the company said on Thursday.In the six months to December,

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20 Mar 2019 11:56

Block Energy Finds Oil And Gas At West Rustavi Field In Georgia

LONDON (Alliance News) - Block Energy PLC has found "significant" shows of hydrocarbons at one of its wells on Georgia's West Rustavi field, the company said Wednesday.Block a

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13 Mar 2019 14:30

Block Energy Issues 9.6 Million Shares To Settle West Rustavi Buy (ALLISS)

LONDON (Alliance News) - Block Energy PLC on Wednesday said it issued 9.6 million shares to settle the payment of USD500,000 to Georgian Oil & Gas Ltd, in consideration for the increase of in

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7 Mar 2019 15:24

Block Energy upbeat on workover programme at Norio

(Sharecast News) - Georgia-focussed exploration and production company Block Energy reported an increase in production rate at its 100%-held Norio field on Thursday, where it was implementing a multi-well workover programme.

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7 Mar 2019 11:09

Block Energy Moving Towards Breakeven Target At Georgian Wells

LONDON (Alliance News) - Block Energy PLC on Thursday said production from two of its Georgian wells has topped what the company expected.On Norio 44, Wednesday's production reached 21

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26 Feb 2019 14:32

Block Energy To Acquire Remaining 75% Stake In West Rustavi Licence

LONDON (Alliance News) - Block Energy PLC on Tuesday said it inked an agreement with Georgian Oil & Gas Ltd to take its stake in the West Rustavi Licence to 100%.Currently, Block Energy

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