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Share Price: 204.00
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Change: 1.00 (0.49%)
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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.

More News
17 May 2022 17:46

M&C Saatchi rejects new GBP253.6 million bid from AdvancedAdvT

(Alliance News) - M&C Saatchi PLC on Tuesday said it has rejected what it considers an "unsolicited hostile offer" from AdvancedAdvT Ltd, on the grounds that it significantly undervalues the company's business and prospects.

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17 May 2022 16:51

LONDON MARKET CLOSE: UK jobs data lifts pound and ECB hawk boosts euro

(Alliance News) - European equities had a better day on Tuesday, with even a UK jobs data-boosted pound unable to prevent London's FTSE 100 notching a third successive close in the green.

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17 May 2022 10:35

M&C Saatchi sparks on fresh takeover approach

(Sharecast News) - Shares in M&C Saatchi sparked on Tuesday after its largest shareholder made a fresh takeover approach.

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10 May 2022 15:37

IN BRIEF: M&C Saatchi gives AdvancedAdvT another extension for offer

M&C Saatchi PLC - London-based advertising agency - Agrees to further extension of "Put Up or Shut Up" deadline for London-based acquisition vehicle AdvancedAdvT Ltd to announce a firm intention to make an offer for the company or to walk away from the takeover process. AdvancedAdvT now has until May 20 to do so.

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29 Apr 2022 11:39

M&C Saatchi to resume payouts as it forecasts profit growth ahead

(Alliance News) - M&C Saatchi PLC on Friday reported a strong 2021 and said it plans to resume dividends, while forecasting further profit growth in the years ahead.

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29 Apr 2022 10:47

AIM WINNERS & LOSERS: Nightcap sales up; M&C Saatchi to resume payouts

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

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1 Apr 2022 19:21

IN BRIEF: M&C Saatchi moves deadline for AdvancedAdvT bid to April 28

M&C Saatchi PLC - London-based advertising agency - Agrees to extend further to April 28 the 'put-up-or-shut-up' deadline for AdvancedAdvT Ltd to announce a firm intention to make a takeover offer or to walk away.

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31 Mar 2022 16:17

Vin Murria given another four weeks to bid for M&C Saatchi

(Sharecast News) - M&C Saatchi announced another extension to the 'put-up-or-shut-up' deadline on its proposed sale to AdvancedAdvT, controlled by director Vin Murria, on Thursday.

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3 Mar 2022 20:34

TRADING UPDATES: Next Fifteen raises GBP50 million; N Brown sales up

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

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3 Feb 2022 15:19

IN BRIEF: M&C Saatchi gives AdvancedAdvT more time but rejects new bid

IN BRIEF: M&C Saatchi gives AdvancedAdvT more time but rejects new bid

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3 Feb 2022 09:53

M&C Saatchi adds another month to AdvT offer deadline

(Sharecast News) - M&C Saatchi announced an extension to the 'put up or shut up' deadline for the takeover bid from AdvancedAdvT on Thursday, as they continued to paint it as an undervalued offer.

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3 Feb 2022 09:53

M&C Saatchi adds another month to AdvT offer deadline

(Sharecast News) - M&C Saatchi announced an extension to the 'put up or shut up' deadline for the takeover bid from AdvancedAdvT on Thursday, as they continued to paint it as an undervalued offer.

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3 Feb 2022 07:27

UPDATE 1-Ad group M&C rejects latest takeover from Murria, agree to talk

(Adds details on offer)LONDON, Feb 3 (Reuters) - The independent directors of British advertising group M&C Saatchi have rejected another takeover approach from its biggest shareholder Vin Murria, but agreed to continue talking to see if a deal ca...

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3 Feb 2022 07:11

Ad group M&C rejects latest takeover from Murria, agree to talk

LONDON, Feb 3 (Reuters) - The independent directors of British advertising group M&C Saatchi have rejected another takeover approach from its biggest shareholder Vin Murria, but have agreed to continue talks to see if a deal can be done.M&C said ...

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2 Feb 2022 19:55

M&C Saatchi deal deadline likely to be extended

LONDON, Feb 2 (Reuters) - A deadline Thursday for the biggest shareholder in M&C Saatchi to clarify its intentions in making a bid for the advertising group is likely to be extended to allow the two sides to keep talking.M&C, one of the biggest na...

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