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UK EXECUTIVE CHANGE SUMMARY: Diageo Taps Former Bain And Goldman Exec

Thu, 25th Jun 2020 17:25

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

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Diageo PLC - London-based distiller and brewer - Hires Melissa Bethell as non-executive director from Tuesday next week. Bethell is managing partner of Atairos Europe, an investment firm backed by Comcast NBC Universal. Previously at private equity firm Bain Capital and before that investment bank Goldman Sachs Group Inc. She currently is a non-executive director of Tesco PLC.

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NAHL Group PLC - Northamptonshire-based legal services - Hires Brian Philips as non-executive director, effective immediately. Currently a partner at private equity firm Imbiba LLP. Previously was with US investment bank Greenhill & Co.

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Hikma Pharmaceuticals PLC - London-based generic drugs maker - Jochen Gann resigns immediately as director after Boehringer Ingelheim Invest GmbH sells entire 16% stake in Hikma. The arm of the German pharmaceutical company earlier this week sold 27.2 million shares in Hikma at GBP23.00 each for a total of around GBP625 million. Hikma also will buy back around 12.8 million shares from Boehringer, at the same price.

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DeepMatter Group PLC - Bristol-based firm whose DigitalGlassware platform allows chemistry experiment results to be shared online - Non-Executive Chair James Ede-Golightly resigns from board at end of annual general meeting. Says board in discussions with candidates and expects to announce new non-executive chair later in the year.

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Premier African Minerals Ltd - tungsten, rare earth elements, lithium and tantalum in Zimbabwe - Promotes Non-Executive Director Neil Herbert to non-executive chair, as George Roach reverts to chief executive. Herbert joined board in August of last year.

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SolGold PLC - copper and gold in Ecuador - Craig Jones, the board nominee of Newcrest Mining Ltd, resigns from board at request of Newcrest after three years. Separately, appoints Peter Holmes as director of studies and Steven Belohlawek as general manager for Underground Development & Mining.

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Telit Communications PLC - London-based internet of things - Hires Yuxiang Yang as non-executive director immediately. Yang is founder and CEO of investment manager China Fusion Capital. He also is CEO of Run Liang Tai Management Ltd, a 15% shareholder in Telit. Separately, Telit says its CAT-M modules, the ME310G1 and ME910G1, have been certified for use on Verizon's 4G LTE network. The modules are used for wearable medical devices, smart utility metering, and industrial sensors.

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Renalytix AI PLC - Cardiff-based firm focused on in vitro diagnostics - Non-Executive Chair Julian Baines and Non-Executive Director Richard Evans to step down immediately prior to completion of proposed Nasdaq dual-listing and public offering of American Depositary Shares. Non-Executive Director Christopher Mills to become interim chair while a replacement is found. Calls July 13 general meeting to approve Nasdaq listing plan.

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Ormonde Mining PLC - Meath, Ireland-based developer of gold projects in Spain - Appoints Brian Timmons as non-executive director, effective immediately, at request of largest shareholder. Timmons is chief financial officer of software firm Irish Medical Systems.

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IGas Energy PLC - UK onshore oil & gas producer - CFO Julian Tedder steps down from July 31 and Financial Controller Frances Ward takes over responsibilities as part of cost cutting.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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15 Nov 2016 15:00

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15 Nov 2016 13:35

Britain's IGas receives approval for shale gas exploration permit

LONDON, Nov 15 (Reuters) - Nottinghamshire County Council gave the green light on Tuesday for shale gas developer IGas to test drill a shale gas site in northeast England in a first sign from the local authority that it supports shale gas projects. IGas' shares surged by more than a fifth

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IGas Energy keeps capital options open

(ShareCast News) - IGas Energy, British oil and gas explorer and developer, said it is continuing to discuss a range of options for its capital structure needs. The options include discussions with Bondholder Trans European Oil & Gas (TEOG) who has proposed a sale of the company's conventional asset

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IGas To Meet Bondholders As It Seeks Covenant Waivers And Formal Talks

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UPDATE 4-UK gives go-ahead to second-ever shale gas permit

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Egdon Resources shares rise after Springs Road planning deferral

(ShareCast News) - Egdon Resources shares were up on Thursday afternoon, after an announcement made after market close on Wednesday by IGas Energy. The announcement was over the decision of Nottinghamshire County Council's Planning and Licensing Committee in respect of the Springs Road planning appl

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6 Oct 2016 14:16

UK government approves shale fracking

(ShareCast News) - The government approved horizontal fracking for the first time as a Lancashire council appeal against it was overturned on Thursday, giving a boost to companies planning similar projects in the country. Communities secretary Sajid Javid approved plans for fracking, or hydraulic fr

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26 Jul 2016 14:51

IGAS Energy issues shares under incentive plan

(ShareCast News) - IGas Energy announced on Tuesday that on 25 July, a total of 502,582 shares were allotted to employees under the IGas Energy Share Incentive Plan. The AIM-traded firm said the share allotments were made with reference to the mid-market closing price for the measurement period of 1

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13 Jul 2016 12:36

Brexit could provide boost for Britain's shale gas

* PM designate May prioritises energy security * Third Energy could produce first shale gas this year * Ineos promises 6 pct of shale revenue to local communities * Egdon Resources banks on big investors to take over By Karolin Schaps LONDON, July 13 (Reuters) - Brit

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5 Jul 2016 14:13

Igas sheds little light on bonds transaction

(ShareCast News) - British onshore hydrocarbon producer Igas was embroiled in a secretive exchange of issued bonds this week, but the company did little to explain the situation in an update to the market on Tuesday. On Monday, Pareto Securities announced on behalf of an unnamed client that the offe

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5 Jul 2016 10:10

IGas Notes Offer Accepted For Bonds From Pareto Client ALLISS)

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22 Jun 2016 14:40

IGas Notes Offer For IGas Bonds From Client Of Pareto Securities (ALLISS)

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14 Jun 2016 09:16

IGas Energy In Discussions Over "Earnings Accretive Transactions"

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14 Jun 2016 09:02

UPDATE 1-British shale gas firm IGas Energy seeks investors

(Updates throughout) By Nina Chestney June 14 (Reuters) - Britain's largest shale gas developer IGas said on Tuesday it is in talks with a number of potential investors to strengthen its balance sheet. IGas has been cutting its debt over the last 14 months amid oil price volatil

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25 May 2016 14:13

Wednesday newspaper share tips: Severn Trent, IGas

(ShareCast News) - Shares in Severn Trent are best avoided as investorsĀ“ search for yield has driven down the dividend yield on offer, The TimesĀ“s Tempus said. As might have been expected, the water supplier achieved bigger-than-expected cost-savings in the first year of the new regulatory period

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