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Pin to quick picksEthernity Net Share News (ENET)

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EXECUTIVE CHANGES: GCP Infrastructure picks Rothschild banker as chair

Wed, 01st Dec 2021 15:59

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

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GCP Infrastructure Investments Ltd - invests in UK infrastructure projects with public sector-backed revenue to provide regular dividends - Hires Andrew Didham as non-executive director, starting December 17, with the plan that he will succeed Ian Reeves as chair in June next year. Didham was finance director for Rothschild Banking for 16 years. He is a non-executive director of IG Group Holdings PLC. He is the same at Charles Stanley Group PLC but will retire from that role on December 16, ahead of the wealth manager's takeover by Raymond James Financial Inc. Additionally, Paul De Gruchy will retire from the GCP Infrastructure board on December 17, having served for seven years.

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Britvic PLC - Hemel Hempstead, Hertfordshire-based soft drinks maker - Senior Independent Director Ian McHoul will retire from the board in May. His nine-year term ends in 2023, and he has agreed to step down early, Britvic says. Promotes William Eccleshare to senior independent director in his place. Also hires Emer Finnan as independent non-executive director, starting January 1. Finnan is president for Europe of Kildare Partners, a private equity firm based in London and Dublin. She is a non-executive director of cider-maker C&C Group PLC. Additionally, Suniti Chauhan will step down from the board at Britvic's January 27 annual general meeting.

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San Leon Energy PLC - oil and gas producer in Nigeria - Hires Julian Tedder as chief financial officer and executive director, starting immediately. Tedder was CFO at IGas Energy PLC and general manager for Finance at Tullow Oil PLC.

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Faron Pharmaceuticals Oy - Turku, Finland-based clinical stage biopharmaceuticals - Chief Medical Officer Matti Karvonen leaves immediately. Chief Development Officer Juho Jalkanen steps in as interim CMO while a search for a new CMO specialising in oncology is conducted.

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Spectral MD Holdings Ltd - London-based predictive analytics to improve decisions in wound care - Hires Nils Windler as CFO, starting this week. Windler was a vice president for Finance at industrial conglomerate 3M Co.

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CPPGroup PLC - Leeds-based products and services for financial services and insurance sectors - Hires Jeremy Miller as independent non-executive director, starting immediately. Miller is a chartered accountant who has worked at financial firms such as James Capel and Dresdner Kleinwort Wasserstein. He currently is a director of Gresham House Strategic PLC and InnovaDerma PLC.

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Mode Global Holdings PLC - bitcoin banking app based in London - Hires David Anderson as independent non-executive director, starting on Tuesday. Mode notes Anderson has 30 years of experience in the retail and hospitality sector and previously was a director of Mode subsidiary JGOO Ltd.

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Okyo Pharma Ltd - London-based biotechnology firm focused on dry eye diseases and chronic pain - Hires Bernard Denoyer as non-executive director, starting immediately. Denoyer was senior vice president for Finance & secretary of Nasdaq-listed Synergy Pharmaceuticals Inc. Additionally, promotes Willy Simon to senior non-executive director.

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Ethernity Networks Ltd - networking and security solutions provider based in Israel - Neil Rafferty resigns as independent non-executive director, stepping down on Wednesday. Ehternity will search for a new independent director.

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ECO Animal Health Group PLC - Surrey-based pet and livestock pharmaceuticals - Hires Tracey James as non-executive director, effective immediately. James was previously an audit partner at accountants Grant Thornton UK LLP. She is a non-executive director of recruitment firm Gattaca PLC.

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Comptoir Group PLC - London-based operator of Lebanese and eastern Mediterranean restaurants - Promotes Finance Michael Toon to board, effective immediately. Toon joined Comptoir back in October 2020.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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IN BRIEF: Ethernity shares crash as subscription settlement continues

Ethernity Networks Ltd - Airport City, Israel-based supplier of data processing semiconductor technology for networking appliances - Receives settlement notice for USD90,000 from 5G Innovation Leaders Fund LLC pursuant to share subscription agreement announced in late February. Says 5G Innovation is entitled to issue settlement notices under the agreement despite notifying Ethernity of an event of default and despite Ethernity's ongoing temporary suspension of proceedings. A court in the Israeli city of Lod granted the suspension order on Monday last week, and a settlement manager was appointed to review Ethernity's short-term budget.

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Ethernity Networks shares fall as suspension lifted

(Alliance News) - Ethernity Networks Ltd shares fell on Monday, after the suspension on its shares was lifted after just two business days.

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IN BRIEF: Ethernity suspended from AIM after "challenging" months

Ethernity Networks Ltd - Airport City, Israel-based supplier of data processing semiconductor technology for networking appliances - Announces application to court in Tel Aviv for a temporary suspension of proceedings order and to convene a meeting of creditors. Also announces temporary suspension of shares from trading on AIM, effective Thursday. Says it has faced significant challenges in recent months, including "a significant and unexpected increase in cost and lead-times" of essential components, following a global shortage caused by Covid-19. Several customers also have experienced pandemic-related financial difficulties, making it harder for Ethernity to collect outstanding debts. Ethernity also believes two long-term customers have been violating usage of a licence "for several years" and says it "will be taking steps to claim against this infringement". Says its current cash balance is approximately USD107,000.

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14 Sep 2023 13:57

IN BRIEF: Ethernity Networks extends share issue date in subscription

Ethernity Networks Ltd - Airport City, Israel-based supplier of data processing semiconductor technology for networking appliances - Says current outstanding balance under the share subscription agreement with investor 5G Innovation Leaders Fund is USD1.4 million. Extends the date by which 5G Innovation can request Ethernity shares to be issued until March 3 next year. All other terms remain unchanged and as announced in late February.

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31 Aug 2023 14:14

IN BRIEF: Ethernity to move New York shares to Pink Open Market

Ethernity Networks Ltd - Airport City, Israel-based supplier of data processing semiconductor technology for networking appliances - Shares will cease trading on the OTCQB Venture Market in New York from Friday, instead trading on the Pink Open Market operated by OTC Markets, also in New York. Says primary listing will remain on AIM in London. Ethernity shares were admitted to trading on OTCQB in September last year, with the company saying it decided to transfer to the Pink Open Market "due to the absence of perceived benefits for Ethernity's shareholders from the OTCQB listing, and the excessive resources it entailed". Says US-based shareholders will, via trading on the Pink Open Market, continue to have access to a platform for trading Ethernity shares.

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IN BRIEF: Ethernity Networks hails progress on delayed contracts

Ethernity Networks Ltd - Airport City, Israel-based supplier of data processing semiconductor technology for networking appliances - Provides an update on two contracts previously announced in October 2021, for a wireless backhaul solution, and November 2022, for a broadband wireless access solution. Contracts have a combined value of USD740,000. Company has experienced delays with these contracts, with the customers unable to deliver the required hardware to the company. Says it has now been notified by the two customers that they intend to deliver their prototype hardware during the final quarter of 2023. Once delivery of the hardware has taken place, the company will be able to complete the contracts and invoice for the remaining balance of USD550,000. Contracts are now expected to be fulfilled during the final quarter of 2023 and the first quarter of 2024.

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