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EXECUTIVE CHANGES: F&C Investment Trust hires CBI chief economist

Mon, 29th Mar 2021 15:13

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

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F&C Investment Trust PLC - aims for long-term growth and income by investing in listed equities globally - Appoints Rain Newton-Smith as independent non-executive director, starting May 11. Newton-Smith will replace Roger Bone, who is retiring. She is chief economist at the Confederation of British Industry. Previous to the CBI, she was head of Emerging Markets at Oxford Economics. FTSE 250-listed F&C Investment Trust bills itself as the world's oldest collective investment scheme, having launched in 1868.

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Spirent Communications PLC - Crawley, England-based provider of testing, analytics and security for telecommunications networks - Appoints Maggie Buggie as non-executive director with effect on April 29. Buggie is currently chief business offer at SAP Services, which is part of Walldorf, Germany-based enterprise software developer SAP SE.

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Vesuvius PLC - London-based molten metal flow engineering - Hires Dinggui Gao as non-executive director, starting on Thursday. He currently is managing director of China for Formel D Group, a German service provider to the automotive and components supply industry.

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e-Therapeutics PLC - Oxford, England-based computer-based drug discovery - Hires Karl Keegan as chief financial officer, effective immediately. Keegan was most recently chief executive officer of privately held Hox Therapeutics Ltd.

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Okyo Pharma Ltd - London-based biotechnology company focused on treatments of inflammatory dry eye diseases and ocular pain - Hires Rajkumar Patil as chief scientific officer. Says Patil has 30 years of ophthalmic and pharmaceutical research and development experience, including with Ora Inc and iVeena Delivery Systems. He also worked at the Alcon/Novartis Institute of Biomedical Research.

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Serinus Energy PLC - oil and gas exploration and production in Tunisia and Romania - Dawid Jakubowicz resigns immediately from board, while Eleanor Barke won't stand for re-election to the board at the May 13 annual general meeting. In their place, Serinus hires Natalie Fortescue and Jon Kempster. Fortescue was an investment banker at Investec and Oriel Securities. She joined Genel Energy PLC to establish the investor relations department and also worked with Premier Oil PLC on its reverse takeover by Chrysaor Energy Ltd. Kempster has held CFO positions at companies including London listings Frasers Group PLC and Wincanton PLC, and he currently is interim CFO of FireAngel Safety Technology Group PLC. Kempster also currently is a non-executive director of Bonhill Group PLC, Redcentric PLC and Ted Baker PLC.

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Fragrant Prosperity Holdings Ltd - seeking acquisition in cannabis therapeutics - Hires Daniel Reshef as non-executive director starting on Wednesday. Reshef has had a 25-year career in drug development, including with Hoffman La Roche, Genentech and Bristol Myers Squibb Co.

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French Connection Group PLC - London-based fashion retailer - Hires Neil Page as independent non-executive director. Page was CFO of retailer Carpetright PLC. French Connection entered a formal sales process at the beginning of month after receiving two separate takeover approaches.

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Braveheart Investment Group PLC - makes strategic investments in companies it thinks will outperform - Jonathan Freeman steps down as non-executive director "to devote more time to his other business interests". Starts process for finding a new non-executive director.

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Arix Bioscience PLC - venture capital investor in biotech companies - Pauses hire of James Noble and Axel Wieandt as non-executive directors, citing recently announced strategic review, which encompasses board composition.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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6 Mar 2024 14:14

IN BRIEF: Braveheart buys 4 million Autins shares for GBP320,000

Braveheart Investment Group PLC - Dodworth, England-based investment company - Between Monday and Tuesday, buys a further 4.0 million shares in Autins Group PLC at an average price of 8 pence per share, for a total of GBP320,000. Following this, now holds 23% of the issued share capital of Autins.

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6 Mar 2024 13:56

Braveheart takes Autins stake to over 23pc

(Sharecast News) - Braveheart Investment Group announced a significant increase in its ownership stake in Autins Group on Wednesday.

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4 Mar 2024 19:59

TRADING UPDATES: Beowulf raises funds for Kallak iron ore project

(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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4 Mar 2024 14:47

Braveheart to retain Paraytec after failing to find buyer

(Sharecast News) - Braveheart Investment Group updated the market on one of its key investments, Paraytec, on Monday, confirming that it had failed to find an appropriate buyer for the company.

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4 Mar 2024 14:29

TRADING UPDATES: Beowulf ups Vardar stake; Impellam buyout nears

(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 Dec 2023 14:26

IN BRIEF: Braveheart Investment to sell Phasefocus for GBP5 million

Braveheart Investment Group PLC - Dodworth, England-based investment company - Announces conditional sale of Phasefocus Holdings Ltd to analytics instrumentation company Bruker UK Ltd for GBP5 million. Once closing conditions are satisfied, Braveheart expects completion of the sale to occur in the first quarter of 2024. Consideration will be payable in cash and represent GBP17.74 per Phasefocus share. Braveheart currently holds 48.3% of Phasefocus's issued share capital. Estimates that it will receive total sale proceeds of approximately GBP2.1 million after expenses. Braveheart says board is still considering whether to use proceeds to continue support further investments in technology-based companies, or whether to redistribute the proceeds via a special dividend.

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15 Dec 2023 21:09

EARNINGS AND TRADING: Redx full year revenue tumbles; loss widens

(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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14 Dec 2023 17:20

EARNINGS AND TRADING: abrdn Diversified Income to begin wind-down

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

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29 Nov 2023 16:32

Braveheart Investment firm gets first CX300 detector sales contract

(Alliance News) - Braveheart Investment Group PLC on Wednesday said its wholly-owned portfolio company Paraytec Ltd has secured its first commercial sales contract for the CX300 Optical Particle detector instrument.

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17 Oct 2023 17:03

IN BRIEF: Braveheart Investment investee Paraytec updates on CX300

Braveheart Investment Group PLC - Dodworth, England-based investment company - Investee company Paraytec Ltd updates on its work in the development of potential use cases for its rapid test instrument, CX300. Explains it has been successfully tested in the detection of adeno-associated viruses, which are used in gene therapy. Notes this is important because virus-like particles such as adeno-associated viruses are used to encapsulate the new gene and deliver it into the body. Points out the target is to market the CX300 for use by all gene therapy manufacturers for in-process assessment of the quality of their adeno-associated virus products during research, development and, in due course, manufacturing.

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8 Sep 2023 14:07

Braveheart upbeat on investee's brain research breakthrough

(Sharecast News) - Braveheart Investment Group updated the market on the progress of its investee company Kirkstall on Friday, including a recent breakthrough in the study of the human blood-brain barrier and its interaction with brain cancer.

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8 Sep 2023 11:42

IN BRIEF: Braveheart Investment investee Kirkstall develops new model

Braveheart Investment Group PLC - Dodworth, England-based investment company - Updates on Kirkstall Ltd, a company within its investment portfolio. Says Kirkstall, in conjunction with the Biomedical Ultrasonics, Biotherapy & Biopharmaceutical Laboratory within the Institute of Biomedical Engineering at the University of Oxford, has developed an "organ on a chip" model of a milli-fluidic system, human blood-brain barrier which has been used to map the interaction between the blood-brain barrier and brain cancer. Explains this is the first time a dynamic milli-fluidic model has been developed where the interactions between the blood-brain barrier and medulloblastoma brain cancer spheroids have been demonstrated.

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21 Aug 2023 10:14

Braveheart invests GBP150,000 in Phasefocus for cancer-focused assay

(Alliance News) - Braveheart Investment Group PLC on Monday said it has invested more in Phasefocus Holdings Ltd, a Sheffield-based company that develops products that quantify and compare dynamic live cell behaviour.

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28 Jul 2023 20:46

TRADING UPDATES: Limitless Earth loss widens; Black Sea NAV rises

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

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21 Jul 2023 15:38

UK shareholder meetings calendar - next 7 days

Monday 24 July 
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Tuesday 25 July 
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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