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Pin to quick picksDe La Rue Share News (DLAR)

Share Price Information for De La Rue (DLAR)

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Share Price: 98.00
Bid: 97.00
Ask: 98.20
Change: -2.00 (-2.00%)
Spread: 1.20 (1.237%)
Open: 99.00
High: 99.40
Low: 97.00
Prev. Close: 100.00
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SMALL-CAP WINNERS & LOSERS: De La Rue chair resigns after pressure

Mon, 17th Apr 2023 10:23

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

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SMALL-CAP - WINNERS

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De La Rue PLC, up 7.9% at 43.15 pence, 12-month range 33p-118.8p. The stock bounces off recent lows. The security printed products maker said late Friday that Chair Kevin Loosemore has resigned to "draw a line under recent speculation surrounding the leadership of the company". He will leave on May 1. The firm has launched an "accelerated" search for his replacement, with the aim of appointing a new non-executive chair on May 2. Pepyn Dinandt, who has been nominated by shareholder Crystal Amber Fund Ltd and has indicated his willingness to be chair, will be a candidate in this process, De La Rue says. Loosemore has faced several calls to be removed from the board in recent months from Crystal Amber Fund, which has publicly criticised the firm for various alleged failures in governance and management.

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888 Holdings PLC, rise 2.4% at 76.50p, 12-month range 50.5p-220p. The gambling company's chair, Jon Mendelhson, buys 100,000 shares at 68.4p each, worth GBP68,4000 on Friday. Shares in the Gibraltar-based online betting and gaming company added 20% on Friday, after it said annual revenue was GBP1.24 billion in 2022, up 74% from GBP712.3 million in 2021, but it swung to a pretax loss of GBP115.7 million from a profit of GBP56.0 million, due to exceptional costs and adjusting items of GBP184.8 million. However, adjusted earnings before interest, tax, depreciation and amortisation amounted to GBP217.9 million, up from GBP119.7 million. Looking ahead, 888 said it expects 2023 revenue to be lower than 2022 by a low to mid-single-digit percentage, but adjusted Ebitda to be higher.

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SMALL-CAP - LOSERS

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Superdry PLC, down 1.4% at 87.7p, 12-month range 82.6p-184.4p. The clothing retailer extends Friday's losses, when it shed 17%. It withdrew its existing guidance of "broadly breakeven" adjusted pretax profit in the year ending April 30, compared to a profit of GBP21.9 million in financial 2022. This was, in part, due to retail sales in February and March, which were below its expectations

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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De La Rue appoints Nick Bray as interim chairman

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2 May 2023 11:32

IN BRIEF: De La Rue names interim chair as recruitment continues

De La Rue PLC - Basingstoke, England-based security printed products maker - Says running a "fast-track process" to recruit a new chair following the resignation of Kevin Loosemore last month. De La Rue notes it is "not yet at the stage of making a final appointment" but is progressing candidates to the final stage of its search progress. Non-Executive Director Nick Bray is named as interim chair in the interm. Loosemore left the board on Monday following pressure from the firm's major shareholder Crystal Amber Fund Ltd.

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2 May 2023 10:23

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14 Apr 2023 17:12

IN BRIEF: De La Rue chair resigns to "draw a line" under speculation

De La Rue PLC - Basingstoke, England-based security printed products maker - Says Chair Kevin Loosemore has resigned to "draw a line under recent speculation surrounding the leadership of the company." He will leave on May 1. Launches an "accelerated" search for his replacement, with the aim of appointing a new non-executive chair on May 2.

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(Alliance News) - Crystal Amber Fund Ltd on Wednesday said it plans a "substantial" return of capital after it receives funds from the buyout of investee Hurricane Energy PLC by Prax Exploration & Production PLC.

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