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Pin to quick picksChamberlin Plc Share News (CMH)

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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.

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10 Apr 2024 11:56

LONDON MARKET MIDDAY: European stocks get boost ahead of US inflation

(Alliance News) - Stock prices in London were higher at midday on Wednesday, despite some nerves centred around the latest US inflation rate reading, out this afternoon.

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10 Apr 2024 10:38

Chamberlin shares fall as quarterly results suffer from weak demand

(Alliance News) - Chamberlin PLC shares fell on Wednesday, after results in its most recent quarter were below expectations.

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10 Apr 2024 10:27

Chamberlin Q3 underlying demand below management expectations

(Sharecast News) - Castings and machining group Chamberlin said on Wednesday that underlying demand was below internal expectations during Q3, with lower than anticipated sales "negatively" affecting profitability and working capital.

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10 Apr 2024 10:00

AIM WINNERS & LOSERS: IQE up on contract; Chamberlin hit by demand

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

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5 Apr 2024 11:45

Chamberlin chairman, finance director announce resignations

(Sharecast News) - Specialist castings and engineering group Chamberlin announced significant changes to its board on Friday, with non-executive chairman Keith Butler-Wheelhouse retiring from the board with immediate effect after 12 years of service.

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21 Feb 2024 14:33

EARNINGS AND TRADING: Chamberlin loss narrows; Corero inks Latam deal

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

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9 Jan 2024 10:30

AIM WINNERS & LOSERS: DigitalBox feels upbeat; Zytronic swings to loss

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

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9 Jan 2024 10:03

Chamberlin down after GBP830,000 fundraise via discounted placement

(Alliance News) - Chamberlin PLC shares sank on Tuesday after the company announced it had conducted a fundraise through a discounted placement to strengthen its balance sheet.

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3 Jan 2024 21:31

IN BRIEF: Chamberlin says first half in line with expectations

Chamberlin PLC - specialist castings and engineering group - Says all resolutions put to shareholders at the company's Annual General Meeting held earlier on Wednesday were passed. Chief Executive Officer Kevin Price says: "I am pleased to report that operational performance in the first half of the financial year has been broadly in line with the board's expectations. The current order books across all three trading divisions are strong and will support performance in the second half of the financial year. Therefore, the board believes the group remains on track to meet market expectations for the year ending May 31, 2024."

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15 Dec 2023 14:21

Chamberlin reports strong growth at Russel Ductile Castings

(Sharecast News) - Specialist castings and engineering company Chamberlin updated the market on Russell Ductile Castings (RDC), a foundry based in Scunthorpe, on Friday.

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15 Dec 2023 09:47

Chamberlin sees "new levels of growth" thanks to record November

(Alliance News) - Chamberlin PLC on Friday said the business had benefitted from high orders, new clients and an increased focus on commercial development.

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30 Nov 2023 21:10

EARNINGS AND TRADING: Dispensa and SkinBioTherapeutics losses widen

(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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22 Jun 2023 14:24

IN BRIEF: Chamberlin shares rise on contract win for subsidiary

Chamberlin PLC - Walsall, West Midlands-based castings and engineering company - Says castings subsidiary Chamberlin & Hill Castings Ltd secures EUR7.3 million contract with an unnamed European automotive industry components supplier for up to eight years. Notes CHC will supply complex turbocharger bearing housing castings for use in passenger car engines. Adds tooling production will begin this July, while serial production will start in July 2024. Expects serial production to contribute EUR1.1 million in annual revenue.

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26 May 2023 09:25

Chamberlin raises GBP360,000 following competitor going bust

(Alliance News) - Chamberlin PLC on Friday said it has raise GBP330,000 through a placing of 11.0 million new shares at a placing price of 3 pence per share, as well as an additional GBP30,000 from a subscription.

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