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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: 392.20
Bid: 392.80
Ask: 393.60
Change: -0.80 (-0.20%)
Spread: 0.80 (0.204%)
Open: 393.00
High: 393.80
Low: 392.20
Prev. Close: 393.00
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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.

More News
9 Jun 2023 08:10

Canada's Brookfield to buy Network International in £2.2bn deal

(Sharecast News) - Payments provider Network International said on Friday that it has agreed to be taken over by Canada's Brookfield Asset Management in a £2.2bn deal.

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9 Jun 2023 07:55

LONDON BRIEFING: Network International agrees to GBP2.2 billion buyout

(Alliance News) - Stocks in London were called to open higher on Friday, after a weak US jobless claims reading threw "cold water" over expectations for an interest rate hike by the Federal Reserve next week.

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2 Jun 2023 11:43

UK "seen as less accommodating" for big business, despite Dechra deal

(Alliance News) - Analysts were divided over what the latest takeover deal for a London mid-cap means for the wider financial market in the UK.

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1 Jun 2023 08:52

Network International Holdings extends deadline for potential offer

(Alliance News) - Network International Holdings PLC on Thursday said it extended its deadline for CVC Advisers Ltd and Francisco Partners Management LP to make a formal takeover offer.

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1 Jun 2023 07:41

Network International suitors given more time to make firm offers

(Sharecast News) - Discussions about a potential £2.1bn takeover are ongoing, Network International Holdings confirmed on Thursday, as a key deadline was extended once again.

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19 May 2023 11:16

Network International suitor Brookfield given until June to make firm offer

(Sharecast News) - Brookfield Asset Management has been given until next month to make an offer for Network International, it was confirmed on Friday, as talks about a potential £2.1bn deal continue.

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19 May 2023 08:30

Network International extends deadline for Brookfield's takeover offer

(Alliance News) - Network International Holdings PLC on Friday said it has agreed to extend the put up or shut up deadline for Brookfield Asset Management Ltd to make a firm takeover offer for the company.

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19 May 2023 07:56

LONDON BRIEFING: Smiths Group raises guidance after strong nine months

(Alliance News) - Stocks in London were called higher on Friday, amid optimism of a resolution to the US debt ceiling impasse.

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11 May 2023 10:19

Network International extends deadline for CVC Advisers takeover offer

(Alliance News) - Network International Holdings PLC on Thursday said it has agreed to extend the put up or shut up deadline for CVC Advisers Ltd and Francisco Partners Management LP to make a firm takeover offer for the firm.

Read more
11 May 2023 09:55

CVC consortium gets deadline extension for Network International bid

(Sharecast News) - Network International said on Thursday that the 'put up or shup up' deadline for CVC Advisers and Francisco Partners has been extended as it remains in talks with the consortium.

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24 Apr 2023 10:32

Jefferies downgrades Network International to 'hold'

(Sharecast News) - Jefferies downgraded payments firm Network International on Monday to 'hold' from 'buy' and lifted the price target to 400p from 360p as it said that a second non-binding bid by private equity makes a take private more likely.

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21 Apr 2023 17:07

LONDON MARKET CLOSE: Europe up but New York set for tepid end to week

(Alliance News) - Blue-chip stocks in Europe closed higher on Friday, though the FTSE 100 underperformed, held back by its mining sector.

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21 Apr 2023 12:12

LONDON MARKET MIDDAY: Stocks mixed; new listing Dowalis tops FTSE 100

(Alliance News) - Stock prices in London were mixed at midday on Friday as uneven growth in the UK private sector suggested to markets that another rate hike by the Bank of England next month is an "increasingly done deal".

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21 Apr 2023 10:01

UPDATE: North Atlantic Smaller Cos "pleased" with Sureserve takeover

(Alliance News) - North Atlantic Smaller Cos Investment Trust PLC on Friday said it was "pleased" with Sureserve Group PLC, after it said it has reached a takeover agreement with Cap10 Partners.

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21 Apr 2023 09:05

TOP NEWS: Sureserve surges on Cap10 GBP214 million takeover deal

(Alliance News) - Energy services provider Sureserve Group PLC on Friday said it has reached a takeover agreement with Cap10 Partners.

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