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Share Price: 202.00
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EXECUTIVE CHANGES: Mode Global and Omega Diagnostics lose CEOs

Wed, 19th Jan 2022 15:18

(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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Mode Global Holdings PLC - bitcoin banking app based in London - Ryan Moore resigns immediately as chief executive officer. Mode Global provides no reason for Moore's departure but says Executive Chair Jonathan Rowland will take over the day-to-day duties of CEO. "I would like to thank Ryan for his contribution to Mode over his time as CEO. I wish him well in all his future endeavours," Rowland says.

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Omega Diagnostics Group PLC - Alva, Scotland-based medical diagnostics company - CEO Colin King resigns immediately, having served for six and a half years. Promotes Jag Grewal, currently managing director of the Health & Nutrition division, to CEO. Notes Grewal has 25 years' commercial experience in the fields of in vitro diagnostics, life science research and drug discovery. Additionally, Bill Rhodes resigns as non-executive director, departing at the end of February. Omega will look for a new non-executive director.

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M&C Saatchi PLC - London-based advertising agency - Mickey Kalifa resigns as chief financial officer for "personal reasons". A search for a replacement has begun, and Kalifa will remain for a handover and to complete the 2021 audit. Earlier this month, M&C Saatchi received a takeover approach from London-listed acquisition vehicle AdvancedAdvT Ltd, but M&C Saatchi directors have expressed scepticism about the all-share proposal.

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Dialight PLC - London-based industrial LED lighting - Confirms Clive Jennings as permanent CFO, having been interim CFO since May last year. Jennings, who previously served as CFO of casino operator Rank Group PLC and interim CFO of cleaning and hygiene products maker McBride PLC, had replaced Wai Kuen, who had stepped down as CFO to return to Singapore.

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XLMedia PLC - Henley-on-Thames-headquartered marketing firm operating in online gaming, personal finance and sports - Non-Executive Chair Christopher Bell will step down from the board after a transfer to a new chair, having served for eight years. Bell is due to become non-executive chair of Nueva Codere, a gaming operator.

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Go-Ahead Group PLC - Newcastle-based passenger transport company - Says recount of vote at annual general meeting held on December 21 showed that Senior Independent Director Adrian Ewer had received fewer than 50% of votes in favour of his being re-elected as a director. Therefore, Ewer, who already was scheduled to depart at the end of his nine-year term, is stepping down immediately from the board. David Blackwood, who previously was announced as the new senior independent director, will take over immediately.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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6 Jun 2022 10:24

M&C Saatchi removes Vin Murria from board after agreeing takeover by Next Fifteen

LONDON, June 6 (Reuters) - British advertising group M&C Saatchi, which last month agreed a takeover by consultancy Next Fifteen Communications, has removed Vin Murria, its biggest shareholder, from its board, it said on Monday.

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6 Jun 2022 07:46

LONDON MARKET PRE-OPEN: Melrose sells Ergotron for USD650 million

(Alliance News) - Stock prices in London are seen opening higher on Monday, following the long holiday weekend in the UK, tracking gains in Asian equity markets as Beijing further relaxed pandemic restrictions.

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20 May 2022 19:33

UPDATE: AdvancedAdvT will not increase bid for M&C Saatchi

AdvancedAdvT Ltd - London-based acquisition vehicle - Announces that its current offer for London-based advertising agency M&C Saatchi PLC - where for each share held shareholders can receive either 2.043 new shares in the London-based acquisition vehicle and 40 pence in cash, or receive 2.530 new AdvancedAdvT shares - is final and will not be increased.

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20 May 2022 16:57

FTSE 100 rebounds on China optimism; THG surges after rejecting buyout bid

May 20 (Reuters) - UK's FTSE 100 rebounded on Friday as a move by China to support its economy lifted sentiment at the end of a rocky week for markets, while e-commerce firm THG soared after rejecting a takeover proposal.

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20 May 2022 16:52

LONDON MARKET CLOSE: London ends tough week in green; New York lower

(Alliance News) - European equities ended a difficult week on the front foot, with an interest rate cut in China lifting the mood on Friday, but poor consumer confidence readings and another troubling US retail update underscored economic concerns which have blighted markets recently.

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20 May 2022 12:13

LONDON MARKET MIDDAY: China rate cut brightens end-of-week trading

(Alliance News) - The FTSE 100 in London was on course to post a weekly gain as the end of a rocky week saw sentiment perk up on news of an interest rate cut in China, contrasting with hawkish rhetoric - and rate hikes - from central banks in the US and Europe over recent months.

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20 May 2022 11:19

AIM WINNERS & LOSERS: M&C Saatchi soars on Next Fifteen buyout offer

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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20 May 2022 10:21

TOP NEWS: Next Fifteen joins M&C Saatchi takeover battle

(Alliance News) - Next Fifteen Communications Group PLC on Friday announced it has reached a cash-and-shares offer agreement with independent directors of M&C Saatchi PLC to buy the firm, amid a four-months long takeover attempt of M&C by AdvancedAdvT Ltd.

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20 May 2022 10:09

M&C Saatchi agrees to $390 million takeover by Next Fifteen

LONDON, May 20 (Reuters) - British advertising group M&C Saatchi has agreed a takeover by consultancy Next Fifteen Communications, which it said on Friday represented a better offer than one made by its biggest shareholder.

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20 May 2022 09:02

LONDON MARKET OPEN: China interest rate cut steadies investor nerves

(Alliance News) - European markets were on course for a strong end to an otherwise shaky week, with sentiment getting a shot in the arm from an interest rate cut in China.

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20 May 2022 09:01

M&C Saatchi agrees £310m takeover by Next Fifteen, shares surge

(Sharecast News) - Shares of M&C Saatchi surged on Friday after it agreed to be bought by Next Fifteen for £310m, just days after rejecting a £254m offer from Vin Murria's investment vehicle AdvancedAdvT.

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20 May 2022 08:24

LONDON BRIEFING: Next Fifteen steps into M&C Saatchi takeover battle

(Alliance News) - Digital marketing services firm Next Fifteen Communications on Friday muscled into the tussle over advertising agency M&C Saatchi by making a GBP310.1 million cash-and-shares offer.

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20 May 2022 07:44

LONDON MARKET PRE-OPEN: M&C Saatchi accepts Next Fifteen takeover bid

(Alliance News) - Stocks in London were looking to end another rocky week on a strong note as sentiment got a boost from an interest rate cut in China.

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20 May 2022 07:12

M&C agrees deal with Fifteen Communications

LONDON, May 20 (Reuters) - The independent directors of M&C Saatchi have agreed a deal to sell the British advertising company to consultancy Next Fifteen Communications , saying it offered a superior outcome to an alternative bid from its biggest shareholder.

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18 May 2022 16:54

IN BRIEF: AdvancedAdvT says hostile M&C Saatchi bid doesn't undervalue

AdvancedAdvT Ltd - London-based acquisition vehicle - Notes Tuesday's rejection by London-based advertising agency M&C Saatchi of AdvancedAdvT's takeover offer. M&C Saatchi called the offer "derisory" and advised shareholders to reject the bid. Under AdvancedAdvT's most recent offer, shareholders in M&C Saatchi will for each share held either receive 2.043 new shares in the London-based acquisition vehicle and 40 pence in cash, or receive 2.530 new AdvancedAdvT shares.

Read more

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