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EXECUTIVE CHANGES: Cohort co-founder out; Nuformix co-founder back

Thu, 28th Jul 2022 16:14

(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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Cohort PLC - Reading-based defence and security markets-focussed technology - Stanley Carter will depart as non-executive director at Cohort's annual general meeting on September 27. Carter co-founded Cohort in 2006, serving first as chief executive and then as co-chair in 2009, before stepping down to non-executive director in 2015. Nick Prest, who co-founded Cohort with Carter, remains chair. Carter remains a 22% shareholder.

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Nuformix PLC - London-based pharmaceutical firm targeting fibrosis and oncology via drug repurposing - Dan Gooding rejoins company as executive director. Gooding was a co-founder of Nuformix and its CEO until June 2020. He has been acting as a consultant to the company since March. Also promotes Non-Executive Director Julian Gilbert to non-executive chair. The board now will have three members, including also Non-Executive Director Maddy Kennedy.

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Fusion Antibodies PLC - Belfast-based pre-clinical antibody discovery, engineering and supply for therapeutic drug and diagnostic applications - Hires Adrian Kinkaid as CEO, starting August 15. Says Kinkaid has 25 years experience in life science and biotherapeutics industries. He joins from Vortex Liquid Biopsy Solutions Ltd and Vortex Biosciences Inc, where he was CEO.

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ECSC Group PLC - Bradford, West Yorkshire-based cyber security services provider - Hires Matthew Briggs as CEO, starting immediately, while Ian Mann will move to executive chair from CEO. Briggs was chief commercial officer for motor breakdown cover provider RAC Ltd, a divisional managing director at Aviva PLC, and CEO of Capita Insurance, part of Capita PLC.

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Alien Metals Ltd - mineral exploration in Australia, Mexico and Greenland - Hires Rod McIllree as executive chair. As a result, Bill Brodie Good steps down immediately as a company director but remains as non-board CEO, focused on operations, particularly at the Hancock iron ore project in Western Australia. Dan Smith steps down as chair but remains as a non-executive director. McIllree was most recently executive chair of fellow AIM listing Bluejay Mining PLC.

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Sportech PLC - London-based betting technology - Chief Financial Officer Nicola Rowlands will leave Sportech at the end of September to become deputy CFO of an unnamed marketing services firm. Sportech says it will appoint a replacement "in due course", though also says it is "considering its appropriate composition going forward". Rowlands will remain in place through the release of interim results in September, Sportech says.

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Wincanton PLC - Wiltshire, England-based logistics - Hires Tom Hinton as CFO and board member, starting August 15. Most recently, Hinton was CFO at WE Soda Ltd, a mining and chemicals firm.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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3 May 2024 20:10

TRADING UPDATES: Eqtec trading in line; Surface Transforms fundraise

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and Thursday and not separately reported by Alliance News:

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29 Apr 2024 19:47

IN BRIEF: Bluejay Mining jv identifies drill targets in West Greenland

Bluejay Mining PLC - Greenland and Finland-focused mineral exploration company - Provides update on the Disko-Nuussuaq Ni-Cu-Co-PGE-Au project in West Greenland run by its joint venture company Nikkeli Greenland A/S, in collaboration with KoBold Metals. Says analysis by KoBold's technical teams has identified seven initial priority targets within the project. These targets exhibit characteristics indicative of potential deposits on a scale comparable to renowned mining operations. To de-risk drilling, the targets will undergo a focused ground-loop electromagnetic survey to refine and prioritize each locality appropriately. Explains the lead-time necessary to secure specialized drilling equipment far exceeded what would have been possible in 2024. Accordingly, does not expect drilling at the project during the course of 2024. Elsewhere, all Nikkeli licenses remain in good standing without the need for additional expenditure.

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19 Apr 2024 11:54

Bluejay to explore "compelling" opportunities beyond battery metals

(Alliance News) - Bluejay Mining PLC on Friday announced the expansion of its corporate strategy.

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19 Apr 2024 09:16

Bluejay to broaden into helium and industrial gases

(Sharecast News) - Bluejay Mining announced a strategic decision to broaden its corporate scope, expanding into the exploration and development of helium, industrial gases, and hydrocarbons, on Friday.

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16 Apr 2024 20:16

TRADING UPDATES: Nexteq confident of meeting full-year expectations

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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2 Apr 2024 19:02

TRADING UPDATES: Roadside shares suspended; Adnams looks for funds

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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12 Feb 2024 17:32

Bluejay Mining cuts 80% of workforce in cost saving drive

(Alliance News) - Bluejay Mining PLC on Monday updated shareholders on cost reduction initiatives, underlining its "commitment to financial resilience and operational efficiency."

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9 Feb 2024 14:29

IN BRIEF: Bluejay Mining fires Exploration VP for gross misconduct

Bluejay Mining PLC - London-based base metals and gold explorer and developer with projects in Greenland and Finland - Terminates employment of Joshua Hughes, vice president of its Exploration division, due to gross misconduct. Following an investigation, Bluejay Mining found that Hughes had set up a competing business intended to operate in Greenland and, in breach of his employment contract, found that he had misused company confidential and proprietary information in securing exploration licences surrounding the Dundas Titanium project. He also sought to conceal certain of these actions from Bluejay.

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17 Jan 2024 14:14

IN BRIEF: Bluejay Mining completes raise with directors' help

Bluejay Mining PLC - London-based base metals and gold exploration and development company with projects in Greenland and Finland - Raises GBP1.2 million through a placing of 400 million shares at 0.4p. New members of Bluejay's board of directors contributed GBP150,000 to this fundraising effort, which the company on Tuesday said would go towards financing field activities, travel, legal and administrative costs, as well as providing general working capital. The company says the funds will allow it to "restore faith and focus on the company's assets and reinvigorate momentum on its portfolio of high quality projects".

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16 Jan 2024 18:41

UPDATE: Bluejay Mining completes GBP1.2 million placing

Bluejay Mining PLC - base metals and gold exploration and development in Greenland and Finland - Raises GBP1.2 million via placing of 300 million shares at 0.4p. Earlier, the firm said it intended to raise GBP1.1 million via placing of 280 million shares. Proceeds will fund field activities and travel, legal and administrative costs, project divestment activities, regulatory and licensing costs and for general corporate and working capital purposes. The placing was conducted via an accelerated bookbuild process.

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16 Jan 2024 18:08

Bluejay Mining looks to raise GBP1.1 million via placing

Bluejay Mining PLC - base metals and gold exploration and development in Greenland and Finland - Proposes to raise GBP1.1 million via placing of 280 million shares at 0.4 pence each. The placing is to take place in two separate tranches, with the initial around 150 million shares being issued and any further shares only issued following the passing of the resolutions at the general meeting. Proceeds will fund field activities and travel, legal and administrative costs, project divestment activities, regulatory and licensing costs and for general corporate and working capital purposes. The placing to be conducted via an accelerated bookbuild process.

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27 Dec 2023 12:57

DIRECTOR DEALINGS: Two Rio Tinto execs sell GBP7.8 million in shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced in the past week and not separately reported by Alliance News:

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22 Dec 2023 14:46

Director dealings: Bluejay Mining's Roderick McIllree raises stake

(Sharecast News) - Bluejay Mining revealed on Friday that non-executive director Roderick McIllree had acquired 10.0m ordinary shares in the AIM-listed exploration and production company.

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21 Dec 2023 13:18

UPDATE: Bluejay Mining picks new chair amid board shuffle

Bluejay Mining PLC - Greenland and Finland-focused miner - Appoints Mike Hutchinson as non-executive chair, replacing Robert Edwards, who has been executive chair since October 2022. Bluejay also names Eric Sondergaard as managing director, having previously been chief operating officer. Adds Troy Whittaker, Roderick McIllree and Harry Ansell to the board as non-executive directors, while Edwards, Peter Waugh and Bo Stensgaard leave the board immediately, though with Stensgaard remaining as a company employee. Bluejay corrects its announcement on Wednesday, clarifying that Whittaker is a non-executive director only, not COO. "In due course, the new board will update shareholders regarding the implementation of a new strategy that will focus solely around developing the Disko magmatic massive sulphide project in Greenland," Hutchinson says.

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20 Dec 2023 11:44

IN BRIEF: Bluejay Mining picks new chief operating officer and chair

Bluejay Mining PLC - Greenland and Finland-focused miner - Appoints Troy Whittaker as board director and chief operating officer. Bluejay also installs Mike Hutchinson as non-executive chair, replacing Robert Edwards, who has been executive chair since October 2022. Edwards, Peter Waugh and Bo Stensgaard leave the board immediately, though with Stensgaard remaining as a company employee. Roderick McIllree and Harry Ansell join as non-executive directors. "In due course, the new board will update shareholders regarding the implementation of a new strategy that will focus solely around developing the Disko magmatic massive sulphide project in Greenland," Hutchinson says.

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