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Share Price: 23.80
Bid: 23.00
Ask: 23.80
Change: -1.55 (-6.21%)
Spread: 0.80 (3.478%)
Open: 25.00
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EXECUTIVE CHANGES: Mode Global Hires CTO, Pensana Recruits COO

Mon, 08th Mar 2021 15:45

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

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Euromoney Institutional Investor PLC - London-based business information and events - Hires India Gary-Martin as independent non-executive director, starting March 24. Gary-Martin held technology and operations roles at financial services firm including JP Morgan Chase & Co.

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Lookers PLC - Greater Manchester-based chain of car dealerships - Hires Paul Van der Burgh as non-executive director, starting April 1. Van der Burgh spent 15 years at Toyota and Lexus, including as managing director of Toyota in the UK. Prior to Toyota, he worked for Ford Motor Co in the UK and the Americas. Last week, the UK Financial Conduct Authority closed, without applying sanctions, its investigation into Lookers for possible mis-selling of products between 2016 and 2019.

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Pensana PLC - mineral explorer - Hires Rocky Smith as chief operating officer. Pensana says Smith is a chemical engineer with 35 years of rare earths experience, including as managing director for the Mountain Pass rare earth project in California.

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Mode Global Holdings PLC - bitcoin banking app company based in London - Hires Jonathan Conway as chief technology officer. Conway was an API and payments architect at MasterCard Inc and before that CTO at 'open banking' payments startup, Banked. Last month, Mode said it plans to launch a payments and loyalty solution powered by open banking in the second quarter. Open banking refers to financial technology that allows third-party developers to build applications and services around a financial institution.

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Alternative Income REIT PLC - invests in UK commercial property assets let on long leases - Adds Adam Smith to board as non-executive director representing 14.9% shareholder Glenstone Property PLC, effective immediately. Smith is a director of Glenstone and a member of its investment committee.

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Grit Real Estate Income Group Ltd - pan-African property investment and management - Hires Cross Kgosidiile as independent non-executive director, effective immediately. Kgosidiile is managing director of the Botswana Development Corp, the government's agency for commercial and industrial development.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
11 Mar 2024 14:07

IN BRIEF: Pensana receives positive results from Coola, Sulima surveys

Pensana PLC - rare metals exploration company focused on its magnet metals projects in Angola - Says that geophysical surveys conducted at its Coola and Sulima West exploration programmes in Angola in late 2023 revealed promising anomalies. Testing at Coola, in which Pensana holds a 90% interest, confirmed a 900 metre-diameter carbonatite ring dyke with a similar scale to the company's flagship Longonjo project. Sumila West showed "strong anomalies" of high-grade total rare earth oxide mineralisation. Pensana says that samples from both projects will be tested before being trucked to Longonjo for processing.

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4 Mar 2024 21:13

IN BRIEF: Pensana touts sound progress for Longonjo project

Pensana PLC - magnet metal exploration company, whose subsidiary Ozango Minerais SA owns 100% of the Longonjo rare earth project in western Angola - Updating on the Longonjo project, says concrete foundations have been poured for the 316-person modular camp manufactured in South Africa that is set to despatch later in March. Adds that the on-site team is making good progress with preparatory works ahead of main construction anticipated in May this year, with cold commissioning to start in August 2025. It expects final commissioning in April 2026. Further, Pensana says that an order has been placed with NCP International, a global supplier of new and refurbished comminution equipment based in South Africa, for the USD2.3 million ball mill for delivery from Johannesburg to meet the construction and commissioning timelines for the concentrator plant.

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26 Feb 2024 10:58

Pensana up after inking USD156 million Longonjo finance debt facility

(Alliance News) - Shares in Pensana PLC rose on Monday, after securing a new debt finance facility for its flagship Longonjo project.

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7 Feb 2024 10:39

TRADING UPDATES: Inteligo stock enters US market, Kenmare gets new RCF

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

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24 Jan 2024 17:22

EARNINGS AND TRADING: Gran Tierra ups production, "excited" for 2024

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

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15 Jan 2024 11:30

FSDEA "very satisfied" with progress at Pensana's Longonjo site

(Alliance News) - Pensana PLC on Monday said the Angolan sovereign wealth fund was "very satisfied" with the construction progress of its Longonjo project following a site visit last week.

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3 Jan 2024 09:05

Pensana notes progress in development of Longonjo mine in Angola

(Alliance News) - Pensana PLC on Wednesday updated on construction activities at its Longonjo rare earth mine site in Angola, citing civil works for the camp, as well as the rehabilitation of the access road to the railway station near the mine.

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20 Nov 2023 16:24

Pensana signs letter of intent for magnet metal site in Yorkshire

(Alliance News) - Pensana PLC on Monday said it signed a letter of intent for the site of a future permanent magnet metal facility within Yorkshire Energy Park.

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25 Oct 2023 21:55

TRADING UPDATES: Gran Tierra completes offers, Pensana wins grant

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

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16 Oct 2023 14:00

Pensana meets with UK Minister of State for Industry Nusrat Ghani

(Alliance News) - Pensana PLC on Monday said that Chair Paul Atherley met with Nusrat Ghani, the UK's minister of state at the Department for Business & Trade.

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20 Sep 2023 21:11

IN BRIEF: Pensana wins UK grant to develop low carbon resupply chain

Pensana PLC - rare earths explorer - Receives GBP316,643 in grant funding by Innovate UK under its CLIMATES programme. Pensana works in partnership with Polestar, Route2 and the universities of Leeds and Hull to develop a low carbon sustainable supply chain for rare earth magnets. The project is backed by the UK government. "Rare earth elements underpin so much of what makes everyday life and work possible, from the cars we drive to the phones we use. It is essential that, in a rapidly changing world, we do all we can to ensure resilient supplies of these and other critical minerals. We are laser-focused on securing robust supply chains, for the growing, green industries that will deliver jobs and prosperity across the UK in the decades to come," says Nusrat Ghani, minister of state at the Department for Business & Trade.

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29 Aug 2023 18:29

IN BRIEF: Pensana hails rock geochemistry results in Angola

Pensana PLC - rare earths explorer - Finds 22% phosphorus pentoxide, around 27% calcium oxide and 41% ferric oxide and 0.7% total rare earth oxide at Sulima West of Coola exploration license in Angola. Further, notes sampling with an area of about 15 hectares of over 2% total rare earth oxide in soils with a core zone of high-grade soils reporting over 4% total rare earth oxide. Exploration Manager Grant Hayward says: "We are extremely happy with the results of the soil sampling over Sulima West which identified an area of roughly 15 hectares with greater than 2% TREO in soils."

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21 Aug 2023 10:42

Pensana's Longonjo project re-engineering advances on schedule

(Alliance News) - Pensana PLC on Monday said re-engineering work at its Longonjo rare earth mine is progressing as planned.

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27 Jun 2023 21:11

IN BRIEF: Pensana strikes Longonjo funding agreements

Pensana PLC - rare earths explorer - Outlines new plan which will reduce capital expenditure at Longonjo asset to USD105 million from USD200 million. Major shareholder FSDEA to provide immediate USD15 million loan facility, which forms part of a broader USD80 million investment. Funding will go towards development of mine. Absa Bank, meanwhile, will arrange USD120 million project debt facility. "We are delighted with the ongoing support from the government of Angola, FSDEA, Absa and others for the development of this important project. Longonjo is one of the world's largest undeveloped rare earth projects which benefits from a high-grade near surface orebody, with low-cost hydroelectricity and direct access to the Lobito Corridor rail and port infrastructure," Chair Paul Atherley says. Mine will employ around 650 people during construction and will create 420 permanent high value jobs, Pensana adds.

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3 Apr 2023 14:41

Pensana prices England and Angola rare earth projects

(Alliance News) - Pensana PLC on Monday posted an updated on its Saltend rare earth separation facility in England and the Longonjo undeveloped rare earth mine in Angola.

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