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EXECUTIVE CHANGES: Tekmar hires former Kromek CFO; Redx chair departs

Tue, 01st Jun 2021 15:51

(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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Tekmar Group PLC - provider of technology and services for offshore energy markets - Hires Derek Bulmer as new chief financial officer. Sue Hurst, the current CFO, steps down from the role on Tuesday but will remain on the board for a transition period. Bulmer was CFO and in-house counsel for AIM-listed radiation detection technology firm Kromek Group PLC from 2010 until last year. Prior to Kromek, he had worked at brick maker Ibstock PLC, among other employers. Tekmar also announced its annual results on Tuesday. For the 12 months ended March 31, it swung to pretax loss of GBP2.5 million from a profit of GBP2.0 million the year before, on revenue which declined 29% to GBP29.1 million from GBP40.9 million.

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Redx Pharma PLC - Macclesfield, England-based discovery of treatments for cancer and fibrotic disease - Chair Iain Ross steps down as a director immediately "to pursue other business opportunities". Redx makes Independent Non-Executive Director Peter Presland the interim chair as it starts search for new chair. "Iain has been the lynchpin in the turnaround of Redx, and we are very grateful for his innumerable contributions as chairman over the last four years," says Chief Executive Officer Lisa Anson. Ross says he remains "a supportive shareholder".

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Chamberlin PLC - West Midlands-based castings and engineering - New CEO Kevin Price and new Finance Director Alan Tomlinson join the board on Tuesday. Non-Executive Director Trevor Brown moves to executive director, responsible for company strategy, effective immediately, while David Flowerday resigns as non-executive director from Monday.

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Challenger Energy Group PLC - assets in Bahamas, Uruguay, Trinidad & Tobago and Suriname, previously known as Bahamas Petroleum Co PLC - Eytan Uliel formally takes up role as CEO. Simon Potter steps down as CEO but remains as non-executive director. Stephen Bizzell joins board as non-executive director, replacing Ross McDonald.

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Longboat Energy PLC - North Sea-focused exploration and production - Hires Nick Ingrassia as corporate development director. Ingrassia had joined Longboat back in September. Among other roles, he had worked at Faroe Petroleum PLC, whose former management team are behind Longboat Energy. Ingrassia's appointment comes alongside Longboat's announcement on Tuesday of three acquisitions to develop an exploration drilling programme on the Norwegian continental shelf. The acquisitions will be accompanied by a GBP35 million equity raise and are classified as a reverse takeover of Longboat under AIM rules.

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Trustpilot AS - Copenhagen-based online consumer reviews platform - Hires Joe Hurd as independent non-executive director. California-based Hurd is an independent public board director and adviser.

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India Capital Growth Fund Ltd - invests directly, or indirectly, in companies based in India - Hires Lynne Duquemin as non-executive director, effective immediately, as successor to Peter Niven, who will retire from the board at the end of 2021. Duquemin is a Guernsey resident with "deep experience of investment management and advisory services".

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
8 Mar 2023 11:51

Challenger Energy reports progress in sale of Cory Moruga

(Sharecast News) - Challenger Energy updated the market on the sale of the Cory Moruga licence on Wednesday, announcing the completion of all confirmatory due diligence by Predator Oil & Gas and its subsidiaries.

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16 Feb 2023 21:35

TRADING UPDATES: Heavitree profit soars; Riverstone net assets rise

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

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14 Feb 2023 14:46

Challenger Energy agrees sale of St Lucia subsidiary

(Sharecast News) - Challenger Energy, an oil and gas company focused on the Caribbean and Americas region, announced the sale of its St Lucia-based subsidiary Caribbean Rex on Tuesday for a total value of $1.5m (£1.23m).

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14 Feb 2023 10:26

Challenger Energy sells subsidiary Caribbean Rex for USD1.5 million

(Alliance News) - Challenger Energy Group PLC on Tuesday said it has completed the sale of its subsidiary Caribbean Rex Ltd to a Trinidadian drilling and oil services company for a total of USD1.5 million.

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3 Jan 2023 18:04

Challenger upbeat on read-across from Uruguay licensing round

(Sharecast News) - Caribbean and Americas-focussed oil and gas company Challenger Energy updated the market on recent regional developments on Tuesday, noting that Uruguay's national energy company Ancap announced on 27 December that a further two offshore blocks had been awarded following competitive bids in its second 2022 open round.

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3 Jan 2023 11:07

AIM WINNERS & LOSERS: GENinCode shares soar on US approvals

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

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3 Jan 2023 10:55

Challenger Energy up as global energy firms validate Uruguay project

(Alliance News) - Challenger Energy Group PLC on Tuesday said its decision to enter Uruguay has been validated by the award of two offshore blocks to global energy companies.

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20 Dec 2022 15:36

Challenger Energy agrees to sell Cory Moruga licence

(Sharecast News) - Caribbean and Americas-focussed oil and gas company Challenger Energy has entered into a binding heads of terms with Predator Oil & Gas Holdings, it announced on Tuesday.

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22 Nov 2022 15:48

UK shareholder meetings calendar - next 7 days

Wednesday 23 November 
Crystal Amber Fund LtdAGM
CVS Group PLCAGM
Fidelity Asian Values PLCAGM
Genus PLCAGM
JPMorgan Russian Securities PLCGM re name change
Synergia Energy LtdAGM
Wilmington PLCAGM
Woolworths Holdings LtdAGM
Thursday 24 November 
Brikor LtdAGM
Cloudbreak Discovery PLCAGM
EnSilica PLCAGM
Fiske PLCAGM
MGC Pharmaceuticals LimitedAGM
Pacific Horizon Investment Trust PLCAGM
Pan African Resources PLCAGM
PZ Cussons PLCAGM
Zanaga Iron Ore Co LtdAGM
Friday 25 November 
600 Group PLCGM annual report
Aveva Group PLCGM and Court Meeting re Schenider Electric takeover offer
Base Resources LtdAGM
European Metals Holdings LtdAGM
Neometals LtdAGM
Quadrise Fuels International PLCAGM
ScS Group PLCAGM
Sylvania Platinum LtdAGM
Windar Photonics PLCGM re placing of new ordinary shares
Monday 28 November 
Crown Place VCT PLCAGM
European Smaller Cos Trust PLCAGM
JPMorgan Global Emerging Markets Income Trust PLCAGM
PRS REIT PLCAGM
Psych Capital PLCAGM
Seeing Machines LtdAGM
Tuesday 29 November 
Aura Energy LtdAGM
Bluefield Solar Income Fund LtdAGM
Castillo Copper LtdAGM
Challenger Energy Group PLCAGM
CT Property Trust LtdAGM
Duke Royalty LtdAGM
Esken LtdEGM re borrowings approval
Mosman Oil & Gas LtdAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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5 Oct 2022 21:14

TRADING UPDATES: Block Energy swings to profit; GreenX loss widens

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

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30 Sep 2022 17:32

EARNINGS UPDATES: Harland & Wolff interim revenue climbs

(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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19 Jul 2022 20:01

TRADING UPDATES: Capital backs outlook; Northcoders trades well

(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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19 Jul 2022 16:15

Challenger's Trinidad production rises in second quarter

(Sharecast News) - Caribbean and Atlantic-focussed oil and gas company Challenger Energy updated the market on the second quarter at its Trinidad and Tobago operations on Tuesday, reporting total gross oil production of 34,159 barrels for the period.

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15 Jul 2022 21:26

TRADING UPDATES: Premier Miton assets dip; Challenger Energy CFO quits

(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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27 Jun 2022 20:26

IN BRIEF: Challenger Energy "validated" as Shell, APA enter Uruguay

Challenger Energy Group PLC - Isle of Man-based oil and gas company focused on the Caribbean and the Atlantic-margin - Noting "recent commentary" on the licensing round in Uruguay in relation to its Area Off-1 petroleum license in the country, Challenger says state-owned petroleum company ANCAP has licensed two offshore blocks to Shell PLC, and one deep-water block to APA Corp. One of the blocks licensed to Shell is immediately adjacent to Challenger's Off-1 block. As part of the agreements with ANCAP, Shell commits to acquiring new 3D seismic data, and APA commits to drilling an exploration well.

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