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Pin to quick picksGenel Energy Share News (GENL)

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EXECUTIVE CHANGES: F&C Investment Trust hires CBI chief economist

Mon, 29th Mar 2021 15:13

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

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F&C Investment Trust PLC - aims for long-term growth and income by investing in listed equities globally - Appoints Rain Newton-Smith as independent non-executive director, starting May 11. Newton-Smith will replace Roger Bone, who is retiring. She is chief economist at the Confederation of British Industry. Previous to the CBI, she was head of Emerging Markets at Oxford Economics. FTSE 250-listed F&C Investment Trust bills itself as the world's oldest collective investment scheme, having launched in 1868.

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Spirent Communications PLC - Crawley, England-based provider of testing, analytics and security for telecommunications networks - Appoints Maggie Buggie as non-executive director with effect on April 29. Buggie is currently chief business offer at SAP Services, which is part of Walldorf, Germany-based enterprise software developer SAP SE.

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Vesuvius PLC - London-based molten metal flow engineering - Hires Dinggui Gao as non-executive director, starting on Thursday. He currently is managing director of China for Formel D Group, a German service provider to the automotive and components supply industry.

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e-Therapeutics PLC - Oxford, England-based computer-based drug discovery - Hires Karl Keegan as chief financial officer, effective immediately. Keegan was most recently chief executive officer of privately held Hox Therapeutics Ltd.

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Okyo Pharma Ltd - London-based biotechnology company focused on treatments of inflammatory dry eye diseases and ocular pain - Hires Rajkumar Patil as chief scientific officer. Says Patil has 30 years of ophthalmic and pharmaceutical research and development experience, including with Ora Inc and iVeena Delivery Systems. He also worked at the Alcon/Novartis Institute of Biomedical Research.

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Serinus Energy PLC - oil and gas exploration and production in Tunisia and Romania - Dawid Jakubowicz resigns immediately from board, while Eleanor Barke won't stand for re-election to the board at the May 13 annual general meeting. In their place, Serinus hires Natalie Fortescue and Jon Kempster. Fortescue was an investment banker at Investec and Oriel Securities. She joined Genel Energy PLC to establish the investor relations department and also worked with Premier Oil PLC on its reverse takeover by Chrysaor Energy Ltd. Kempster has held CFO positions at companies including London listings Frasers Group PLC and Wincanton PLC, and he currently is interim CFO of FireAngel Safety Technology Group PLC. Kempster also currently is a non-executive director of Bonhill Group PLC, Redcentric PLC and Ted Baker PLC.

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Fragrant Prosperity Holdings Ltd - seeking acquisition in cannabis therapeutics - Hires Daniel Reshef as non-executive director starting on Wednesday. Reshef has had a 25-year career in drug development, including with Hoffman La Roche, Genentech and Bristol Myers Squibb Co.

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French Connection Group PLC - London-based fashion retailer - Hires Neil Page as independent non-executive director. Page was CFO of retailer Carpetright PLC. French Connection entered a formal sales process at the beginning of month after receiving two separate takeover approaches.

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Braveheart Investment Group PLC - makes strategic investments in companies it thinks will outperform - Jonathan Freeman steps down as non-executive director "to devote more time to his other business interests". Starts process for finding a new non-executive director.

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Arix Bioscience PLC - venture capital investor in biotech companies - Pauses hire of James Noble and Axel Wieandt as non-executive directors, citing recently announced strategic review, which encompasses board composition.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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8 Sep 2022 16:00

UK dividends calendar - next 7 days

Friday 9 September 
abrdn New Dawn Investment Trust PLCdividend payment date
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Monday 12 September 
AstraZeneca PLCdividend payment date
BT Group PLCdividend payment date
Games Workshop Group PLCdividend payment date
Lloyds Banking Group PLCdividend payment date
LMS Capital PLCdividend payment date
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Tuesday 13 September 
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Wednesday 14 September 
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Thursday 15 September 
Artemis Alpha Trust PLCex-dividend date
Bakkavor Group PLCex-dividend date
Brunner Investment Trust PLCdividend payment date
Cairn Homes PLCex-dividend date
Capital & Regional PLCex-dividend date
Energean PLCex-dividend date
Genel Energy PLCex-dividend date
Goodwin PLCex-dividend date
Henderson High Income Trust PLCex-dividend date
Highcroft Investments PLCex-dividend date
Honeycomb Investment Trust PLCex-dividend date
International Public Partnerships Ltdex-dividend date
Intertek Group PLCex-dividend date
Irish Continental Group PLCex-dividend date
JPMorgan Global Emerging Inc Trustex-dividend date
Luceco PLCex-dividend date
Macfarlane Group PLCex-dividend date
Melrose Industries PLCex-dividend date
Midwich Group PLCex-dividend date
Murray Income Trust PLCdividend payment date
Restore PLCex-dividend date
RPS Group PLCex-dividend date
ThomasLloyd Energy Impact Trust PLCex-dividend date
Trifast PLCex-dividend date
Triple Point Social Housing REIT PLCex-dividend date
Unite Group PLCex-dividend date
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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2 Sep 2022 12:20

IN BRIEF: Genel receives USD56.3 million from Kurdistan for May oil

Genel Energy PLC - London-based oil company focused on the Kurdistan region - Receives a total payment of USD56.3 million from the Kurdistan regional government relating to oil sales during May. Notes that it is now owed USD46 million by Kurdistan for oil sales from November 2019 to February 2020 and a suspended override from March to December 2020, reduced by 21% from USD58 million owed in late July.

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12 Aug 2022 06:57

Genel Energy ups full-year production guidance at Tawke field

(Alliance News) - Genel Energy PLC on Thursday reported the first quarterly increase in production at the its Tawke field since 2015.

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3 Aug 2022 10:10

LONDON BROKER RATINGS: Macquarie ups Virgin Money; Citi cuts Centrica

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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2 Aug 2022 17:33

IN BRIEF: Genel Energy ups interim revenue on higher average oil price

Genel Energy PLC - London-based oil company focused on the Kurdistan region - In the first half of 2022, sees pretax profit surge to USD126.1 million from USD25.6 million the previous year. Revenue jumps to USD245.6 million from USD151.5 million despite production falling to 30,420 barrels of oil per day from 32,760 bopd year-on-year. This is due to significantly higher brent oil prices which averaged at USD108 per barrel in the half, up from USD65 per barrel a year prior. Interim dividend maintained at USD0.06 per share.

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2 Aug 2022 07:18

Genel Energy profits grow amid oil price surge

(Sharecast News) - Genel Energy posted a rise in first-half profits and revenue on Tuesday as oil prices surged.

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27 Jun 2022 21:15

TRADING UPDATES: 88 signs license agreement; Lekoil litigates

(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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10 Jun 2022 10:33

SMALL-CAP WINNERS & LOSERS: ProCook sinks after serving profit warning

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

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10 Jun 2022 08:49

Genel Energy CEO steps down after vote against board re-election

(Alliance News) - Genel Energy PLC on Friday said Chief Executive Officer Bill Higgs has stepped down from the role with immediate effect.

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10 Jun 2022 08:30

Genel Energy CEO steps down after failing to secure re-election votes

(Sharecast News) - Oil production company Genel Energy revealed on Friday that chief executive Bill Higgs failed to receive the required 50% majority of votes in favour of re-election at the group's annual general meeting and has now agreed to step down from the role with immediate effect.

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10 Jun 2022 07:55

LONDON MARKET PRE-OPEN: GSK get positive RSV vaccine trial results

(Alliance News) - Equities in London are seen opening lower on Friday with investors cautious ahead of key US inflation data at 1330 BST.

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20 May 2022 14:44

Genel appoints interim CFO Clement to role on permanent basis

(Alliance News) - Genel Energy PLC on Friday said that interim Chief Financial Officer Luke Clement has been appointed to the role on a permanent basis.

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13 May 2022 09:58

LONDON BROKER RATINGS: BofA cuts Aviva to neutral but ups Rightmove

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday afternoon:

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13 May 2022 08:17

LONDON BRIEFING: Sage looks to Business Cloud for sales silver lining

(Alliance News) - Accounting software firm Sage Group on Friday left its full-year outlook unchanged, after what it called a strong first-half performance, with its Business Cloud offering leading a rise in recurring revenue.

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12 May 2022 21:30

IN BRIEF: Genel Energy shareholders vote not to reappoint CEO at AGM

Genel Energy PLC - London-based oil company focused on the Kurdistan region - Shareholders at annual general meeting vote down the reappointment of Chief Executive Officer Bill Higgs. 55% of shareholders vote against his reappointment, meaning the resolution does not achieve the necessary majority. A majority of shareholders also vote against the reappointment of non-executive directors Tim Bushell and Hassan Gozal.

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