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Pin to quick picksNetwork International Share News (NETW)

Share Price Information for Network International (NETW)

London Stock Exchange
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Share Price: 393.60
Bid: 393.40
Ask: 393.60
Change: -0.40 (-0.10%)
Spread: 0.20 (0.051%)
Open: 394.00
High: 394.00
Low: 393.40
Prev. Close: 394.00
NETW Live PriceLast checked at -

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UK EXECUTIVE CHANGE SUMMARY: Wizz Poaches From easyJet; New Cenkos CEO

Wed, 09th Dec 2020 16:08

(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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Wizz Air Holdings PLC - Budapest-based budget airline - Hires Robert Carey as president, starting June 14 next year, to oversee operations and commercial functions. Carey has been chief commercial & strategy officer for rival carrier easyJet PLC since 2017, having started at America West Airlines followed by Delta Airlines and a 10-year stint at McKinsey & Co. Wizz also hires Michael Delehant as executive vice president and chief operations officer, reporting to Carey. Delehant joins from Vueling, the Spanish low-cost airline owned by International Consolidated Airlines Group SA, where he has been chief strategy & network officer. He starts at Wizz on April 1.

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Cenkos Securities PLC - London-based stock broker and company advisor - Jim Durkin will retire as chief executive in March of next year, after having returned to Cenkos in 2019. That was a difficult time for UK stockbrokers, Cenkos notes, and Durkin "kept the company profitable, led the restructuring of the board and further strengthened governance". Julian Morse, an executive director and head of the Growth Companies Team, will replace Durkin as CEO. Cenkos says Morse is a founding member of the Growth Companies Team and has led it since 2016. Cenkos also promotes Jeremy Osler, co-head of Corporate Finance & general counsel, to the board as an executive director. Osler joined Cenkos in 2016.

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London Stock Exchange Group PLC - trading and clearing operator and index calculator - Proposes Martin Brand, Erin Brown and Douglas Steenland as board directors. The appointments are part of LSEG's acquisition of market data and trading platform provider Refinitiv, following which the shareholders of Refinitiv will have the right to nominate three non-executive directors for as long as they continue to hold at least 25% of LSEG. Brand and Steenland will represent Blackstone, and Brown will represent Thomson Reuters. Brand is a senior managing director and co-head of US Acquisitions for Blackstone's Private Equity Group. Steenland is a a senior adviser to the Blackstone Private Equity Group. Brown is head of Finance for the Thomson Reuters Corporates segment. LSEG expects the Refinitiv acquisition to complete in the first quarter of next year.

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Aviva PLC - London-based life and general insurer - Hires Pippa Lambert as independent non-executive director, starting January 1. Lambert was global head of Human Resources at Deutsche Bank AG and before that head of Reward at Royal Bank of Scotland.

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OptiBiotix Health PLC - York, England-based developer of compounds to treat obesity, high cholesterol, diabetes and skincare - Hires Christopher Brinsmead as director. Brinsmead was president of AstraZeneca UK & Ireland, part of AstraZeneca PLC, until 2010 and before that president of the Association of the British Pharamaceutical Industry.

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Network International Holdings PLC - Middle East-focused payment solutions provider - Hires Diane Radley and Monique Shivanandan as independent non-executive directors, starting January 1. Radley led the Transaction Services Group at PwC South Africa. She also was CEO of Old Mutual Investment Group from 2011 to 2016, having been finance director prior to that. Shivanandan is chief information officer at property and casualty insurance firm Chubb Ltd and also a non-executive director for JP Morgan Securities in the UK.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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28 Mar 2024 10:38

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27 Mar 2024 10:50

Network International Holdings agrees to extend acquisition date

(Alliance News) - Network International Holdings PLC announced on Wednesday that the deadline for its acquisition by BCP VI Neptune Bidco Holdings Ltd has been extended.

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15 Mar 2024 20:48

EARNINGS AND TRADING: Cornish Metals CEO departs; Major Nexxen buyback

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

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15 Mar 2024 19:46

IN BRIEF: Network International extends completion date of takeover

Network International Holdings PLC - London-based Middle East and Africa-focused payments provider - Updates on planned takeover by Brookfield Asset Management Ltd. Confirms that regulatory change of control clearances for the acquisition have been received from the Central Bank of Jordan, the Bank of Ghana, the Bank of Botswana and the Reserve Bank of Malawi. Stresses Network and Brookfield remain committed to completing the deal as quickly as possible and continue to engage positively with the Central Bank of the United Arab Emirates and the relevant regulatory authorities in other jurisdictions where clearances remain outstanding, including Kenya, Nigeria and Saudi Arabia. In light of this continued engagement, extends the long stop date for the deal to become unconditional and effective from April 9 to October 9.

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10 Aug 2023 09:37

Network International profit rises as awaits takeover by Brookfield

(Alliance News) - Network International Holdings PLC on Thursday reported higher profit in the first half of 2023, amid growth in Africa.

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10 Aug 2023 08:03

Network International posts big increase in 1H sales and free cash flow

(Sharecast News) - Network International posted big increases both on its topline and in free cash flow for the half.

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28 Jul 2023 15:47

UK shareholder meetings calendar - next 7 days

Monday 31 July 
B90 Holdings PLCAGM
Barryroe Offshore Energy PLCEGM re proposed cancellation of admission to trading on AIM
Live Co Group PLCAGM
OnTheMarket PLCAGM
Tintra PLCAGM
Tuesday 1 August 
Bonhill Group PLCGM re members' voluntary liquidation
Deltex Medical Group PLCGM re placing and subscription
Syncona LtdAGM
Wednesday 2 August 
Bushveld Minerals LtdAGM
Sequoia Economic Infrastructure Income Fund LtdAGM
Wizz Air Holdings PLCGM re proposed purchase
Thursday 3 August 
Distil PLCAGM
Edenville Energy PLCAGM
Future PLCGM re authorising the company to buy back up to 10% of shares
Investec PLCAGM
Landore Resources LtdEGM re dual-listing in Canada
Ukrproduct Group LtdAGM
Friday 4 August 
East Imperial PLCGM re issue of 2025 convertible loan notes
Myanmar Investments International LtdAGM
Network International Holdings PLCGM and court meeting re takeover by Brookfield Asset Management Ltd
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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12 Jul 2023 08:50

IN BRIEF: Network International to hold votes on Brookfield offer

Network International Holdings PLC - Middle East and Africa-focused payments provider - To host court meeting and general meeting on August 4, so shareholders can vote on the takeover offer from Toronto-based private equity firm Brookfield Asset Management Ltd. The offer requires approval from 75% of voting shareholders at both meetings. In early June, Network International said Brookfield will pay 400 pence per Network International share, a 64% premium to Network International's 243.6p share price at the close of play on April 12, the day before Network International first received buyout interest. The takeover offer gives Network International an equity valuation of GBP2.2 billion.

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12 Jun 2023 09:11

CVC Advisors will not make takeover offer for Network International

(Alliance News) - CVC Advisers Ltd and Francisco Partners Management Ltd on Monday said it no longer intends to make a takeover offer for Network International Holdings PLC.

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12 Jun 2023 08:02

CVC consortium not planning to bid for Network International

(Sharecast News) - CVC Advisers and Francisco Partners Management said on Monday that they do not plan to make an offer for payments firm Network International.

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12 Jun 2023 07:53

LONDON BRIEFING: Shares on the rise; Frasers buys into AO World

(Alliance News) - Stocks in London were set to open higher on Monday, at the start of a busy week of central bank moves.

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9 Jun 2023 17:03

LONDON MARKET CLOSE: FTSE 100 lower as interest rate decisions loom

(Alliance News) - Stocks in London ended largely in the red on Friday as investors look ahead to a busy two weeks of central bank interest rate decisions with trepidation.

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9 Jun 2023 12:17

LONDON MARKET MIDDAY: Europe slips in pre-central bank jitters

(Alliance News) - Stock prices in Europe wobbled on Friday, with investors nervously awaiting next week's US inflation report and central bank decisions there and in the EU and Japan, while eyes turn to the New York open after a bullish run for the S&P 500 index continued on Thursday.

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9 Jun 2023 09:27

TOP NEWS: Network International backs GBP2.2 billion Brookfield offer

(Alliance News) - Network International PLC on Friday said it agreed to a takeover from entities backed by Toronto-based private equity firm Brookfield Asset Management Ltd.

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9 Jun 2023 09:03

LONDON MARKET OPEN: Tepid trade ahead of central banks; Croda slumps

(Alliance News) - Stock prices in Europe opened mostly lower on Friday, failing to replicate a rally seen on Wall Street, where stocks were spurred on by a weak US jobless claims reading that reinforced expectations that the Federal Reserve will decide against an interest rate hike.

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