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EXECUTIVE CHANGES: CPPGroup confident as two more directors depart

Fri, 15th Oct 2021 16:11

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

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CPPGroup PLC - Leeds-based products and services for financial services and insurance sectors - Mark Hamlin and Timothy Elliott will set down as non-executive directors on November 30. Company will start search immediately to appoint two new independent non-executive directors as soon as possible. Hamlin, who has served on the board since 2016, was promoted to senior independent director only this past March. Last month, Oliver Laird resigned as chief financial officer and board member and will leave on October 31. CPPGroup says it made "good progress" in the third quarter, with its Indian business recovering strongly from the national lock down in April and May. Confident it is trading in line with market expectations for the full year.

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Origin Enterprises PLC - Dublin-based agri-services - Hires Lesley Williams as independent non-executive director, effective immediately. Williams was head of Irish Equities at Investec Bank PLC, part of Investec PLC. She also was head of Irish Market for Euronext Dublin and head of Institutional Equity Sales at Goodbody Stockbrokers. She currently is a non-executive director of ferry operator Irish Continental Group PLC.

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XLMedia PLC - Henley-on-Thames-headquartered marketing firm operating in online gaming, personal finance and sports - Appoints Cedric Boireau as non-executive director, effective immediately. Boireau will represent Premier Investissement, XLMedia's largest shareholder with a 28% holding.

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Landore Resources Ltd - BAM gold project at Junior Lake in Ontario, Canada - Hires Huw Salter as non-executive director, starting immediately. Says Salter is an experienced company director who has held many financial services roles.

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Mobeus Income & Growth VCT PLC - venture capital trust managed by Gresham House Asset Management Ltd - Catherine Wall will step down as non-executive director on December 31, having served since 2014. Wall is chair of the board's Audit committee, and company will recruit a new Audit chair.

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Parsley Box Group PLC - Edinburgh-based ready meals for 'baby boomer' and older demographic - John Swan resigns as director, having announced his retirement back in September.

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Corcel PLC - London-based mineral explorer and developer with interests in battery metals and flexible energy generation & storage - Henry Bellingham joins board as independent non-executive director, as first announced in late September. Bellingham is a director of ADM Energy PLC.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Corcel says exploration work begins at its KON-11 block

(Alliance News) - Corcel PLC on Friday said exploration work has commenced at its 20% owned Block KON-11 in Angola.

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Corcel announces start of work in Angola's Kwanza Basin

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19 Jul 2023 13:42

IN BRIEF: Corcel CEO James Parsons resigns amid company transition

Corcel PLC - London-based mining and mineral resource development company with interests in Angola and Brazil - Chief Executive Officer James Parsons has decided to step down as part of the company's previously announced transition. Parsons will continue to assist Corcel in an advisory capacity during his notice period. Non-Executive Chair Antoine Karam has been named interim executive chair while Corcel reviews its board composition.

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14 Jul 2023 09:41

IN BRIEF: Corcel makes payment for Angola oil blocks as funds arrive

Corcel PLC - battery metals mining and oil and gas in Brazil and Angola - Makes required USD821,000 payment of risk service contract signature bonuses to Agencia Nacional de Petroleo, Gas e Biocombustiveis in Angola for Corcel's three oil block licenses there. The contracts relate to Corcel's acquisition last month of a 90% interest in Atlas Petroleum Exploration Worldwide Ltd. The Atlas Petroleum portfolio has three main licenses - KON-11, KON-12 and KON-16 - containing 21 historical wells in total.

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TRADING UPDATES: Hamak Gold raises GBP350,000 for Liberia drilling

(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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14 Jun 2023 13:59

IN BRIEF: Corcel names Chair James Parsons as CEO; Kaintz becomes CFO

Corcel PLC - Australia, Papua New Guinea and Canada-focused mining and mineral resource development company - Names Chair James Parsons to chief executive officer and executive director, effective immediately. He will be replacing CEO Scott Kaintz, who will assume role as chief financial officer, but will step down from board with immediate effect. Meanwhile, non-executive director Antoine Karam will take on role of non-executive chair. Karam is 45% shareholder in Extraction Srl, which holds 13% stake in Corcel. Extraction stake to rise to just under 21% once Corcel placing is completed.

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13 Jun 2023 14:38

Corcel reports positive preliminary results from Mt Weld drilling

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Corcel sells interest in Wowo Gap nickel project in Papua New Guinea

(Alliance News) - Corcel PLC on Monday said it has sold its entire 100% interest in the Wowo Gap nickel project in Papua New Guinea to Integrated Battery Metals Pte Ltd.

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2 Jun 2023 19:20

IN BRIEF: Corcel completes acquisition of 90% stake in Atlas Petroleum

Corcel PLC - Australia, Papua New Guinea and Canada-focused mining and mineral resource development company - Completes the acquisition of its 90% interest in Atlas Petroleum Exploration Worldwide Ltd following the signing of risk service contracts in Angola. The Atlas Petroleum portfolio has three main interests: KON-11, KON-12 and KON-16. These licences contain 21 historical wells in total.

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24 May 2023 14:32

Corcel acquires 90% of Atlas Petroleum for GBP800,000, paid in shares

(Alliance News) - Corcel PLC on Wednesday said it has signed a deal to acquire 90% interest in Atlas Petroleum Exploration Worldwide Ltd.

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5 May 2023 21:48

IN BRIEF: Corcel's joint venture partner begins drilling in Australia

Corcel PLC - Pupa New Guinea, Canada, UK and Australia-focused exploration and development company, with interests in battery metals including nickel, cobalt, and rare earth elements - On Tuesday, says its joint venture partner, Riversgold Ltd, has begun a drill campaign at the Mt Weld rare earth elements project in Western Australia. The programme will test three discrete magnetic anomalies that may represent extension of the Mt Weld carbonatite intrusive complex, the company says.

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