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Pin to quick picksMetals Exploration Share News (MTL)

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Share Price: 5.10
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Change: -0.15 (-2.86%)
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EXECUTIVE CHANGES: M&S taps Mars exec; new Metals Exploration chair

Thu, 22nd Apr 2021 16:10

(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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Marks & Spencer Group PLC - London-based food, clothing and homewares retailer - Hires Fiona Dawson as non-executive director, starting May 25. Dawson is global president of Mars Food, the London-based arm of McLean, Virginia-based Mars Inc.

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Metals Exploration PLC - natural resources firm with assets in Pacific Rim, including Runruno gold project in Philippines - Hires three new non-executive directors, with one to be chair. David Cather will be independent non-executive chair. He is formerly chief executive officer for mining of Abu Dhabi Capital Group and also CEO of Avocet Mining PLC. Avocet was a former London listing that was placed into administration in 2019, though Cather left in 2017. Jeremy Wrathall will be independent non-executive director. He is CEO of Cornish Lithium Ltd and formerly was global head of Natural Resources in London at Anglo-South African bank Investec. Andrew Chubb will be non-executive director. He is a partner and head of Mining at investment bank Hannam & Partners.

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Bidstack Group PLC - London-based in-video-game advertising - Appoints Glen Calvert as independent non-executive director, while Chief Operating Officer Lisa Hau is promoted to the board as executive director, both from Thursday. Calvert is COO of esports team Fnatic Ltd. Bidstack told its annual general meeting on Thursday its pipeline for further "AAA and high-fidelity" titles is robust, as game developers turn to ads as an additional source of monetisation. It confirmed earlier guidance that 2021 revenue will be "materially greater" than in 2020 but will be significantly second-half weighted. Revenue in 2020 was GBP1.7 million, though Bidstack's pretax loss widened to GBP7.0 million.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
28 Jun 2019 17:03

Metals Exploration Extends Lenders Standstill Deal Amid Ongoing Talks

(Alliance News) - Metals Exploration PLC confirmed Friday it had extended the standstill agreement with its lenders and major shareholders until July 31 as debt restructure talks Exploration the -

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25 Jun 2019 13:14

Metals Exploration Debt Talks Ongoing; Happy With Runruno Performance

(Alliance News) - Metals Exploration PLC said Tuesday negotiations to restructure its debt continue, and it is seeking an extension to the standstill agreement, which ends this in the mineral and

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3 Jun 2019 14:25

Metals Exploration Renews Again Standstill Agreement With Lenders

LONDON (Alliance News) - Metals Exploration PLC on Monday said it renewed once more a standstill agreement with its lenders and major shareholders for a further month until June 28.The the

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30 May 2019 10:18

Metals Exploration 2018 Loss Widens As Philippine Project Disappoints

LONDON (Alliance News) - Metals Exploration PLC on Thursday said revenue rose in 2018 on increased gold production from its Runruno project in the Philippines, but its loss widened dramatically as

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3 May 2019 14:44

Metals Exploration gets another month on its debt standstill agreement

(Sharecast News) - Metals Exploration confirmed on Friday that its lenders, HSBC and BNP Paribas, along with its major shareholders MTL Luxembourg and Runruno Holdings, as holders of its mezzanine debt, had renewed their standstill agreement for a further month until 31 May.

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24 Apr 2019 15:43

Metals Exploration emerges from quarter of change

(Sharecast News) - Pacific Rim-focussed natural resources exploration and development company Metals Exploration updated the market on its Runruno gold project in the Philippines on Wednesday, reporting mining of 2.93Mt in the quarter ended 31 March, with total ore mined standing at 573Kt.

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15 Mar 2019 10:20

Metals Exploration Nominated Adviser Resigns In Talks With Replacement

LONDON (Alliance News) - Metals Exploration PLC on Friday said its nominated adviser, Canaccord Genuity Ltd, has resigned with effect from April 14.The company added it is in "advanced

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12 Mar 2019 13:41

Metals Exploration Seeks "Critical" Standstill From Senior Lenders

LONDON (Alliance News) - Metals Exploration PLC has asked lenders for a standstill on repayments, it said Tuesday, in order to seek a restructuring of its senior debt facility.The firm has

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28 Feb 2019 11:50

Metals Exploration Hires Ex-White Cliff Minerals Chair As Interim CFO

LONDON (Alliance News) - Metals Exploration PLC on Thursday said Thursday it has appointed former White Cliff Minerals Ltd executive chair Michael Langoulant as interim chief financial in Metals a

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27 Feb 2019 12:57

Metals Exploration Lowers Recoveries For 2018 After Internal Review

LONDON (Alliance News) - Metals Exploration PLC said an internal review into historical operational performance of Runruno mine has shown "several material discrepancies".Shares

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18 Feb 2019 13:56

Metals Exploration Agrees Repayment Extension To Runruno Project Loan

LONDON (Alliance News) - Metals Exploration PLC on Monday said it has secured a repayment extension to its Runruno project loan agreement.The company, which is developing the Runruno gold A

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8 Feb 2019 12:12

Metals Exploration Extends Debt Refinancing, Loan Repayment Date

LONDON (Alliance News) - Metals Exploration PLC on Friday said its senior lenders have agreed an extension of time until the end of March to complete the senior debt refinancing.The and the

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5 Feb 2019 12:00

Metals Exploration Non-Executive Simovici Leaves, Stancliffe Replaces

LONDON (Alliance News) - Metals Exploration PLC on Tuesday said it has appointed Andrew Stancliffe as a non-executive director, effective immediately.The AIM-listed miner said Stancliffe as

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31 Jan 2019 17:36

Metals Exploration Loan Consolidation Deadline Extended To March 31

LONDON (Alliance News) - Metals Exploration PLC said Thursday it has extended the deadline to consolidate four short term shareholder loans into one.Metal Exploration received the waiver in

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30 Jan 2019 11:25

Metals Exploration Continues Runruno Production Despite Challenges

LONDON (Alliance News) - Metals Exploration PLC said on Wednesday it continued production from its Runruno gold-molybdenum project in the Philippines in the last quarter of 2018, despite a reduced

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