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Pin to quick picksSDX Energy Share News (SDX)

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Share Price: 3.85
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EXECUTIVE CHANGES: CEO departs after GLI Finance becomes Sancus

Wed, 02nd Jun 2021 16:02

(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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Sancus Lending Group Ltd - Guernsey-based alternative property finance - Andy Whelan resigns as chief executive officer, leaving on June 30, when he will be replaced by Rory Mepham as interim CEO. Mepham currently is in charge of funding and origination, having joined the company in January. Dan Walker, who currently is chief operating officer and managing director of Sancus UK, will become deputy CEO. Walker joined the company in 2018 from Lloyds Banking Group PLC, where he was director of Strategic Transactions. The changes follow refinancing and restructuring at Sancus, including renaming itself from GLI Finance Ltd, which was approved by shareholders earlier this month. This is to reflect its focus on the property bridging and development finance activities of the Sancus subsidiary.

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Cambridge Cognition Holdings PLC - Cambridge, England-based neuroscience technology - Adds Chief Financial Officer Mick Holton to board as executive director, effective immediately. Holton joined Cambridge Cognition in January from Biome Technologies PLC, where he was interim CFO. He previously worked for what is now Walgreens Boots Alliance Inc.

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Dispersion Holdings PLC - investor in decentralised finance, which uses blockchain and cryptocurrencies to remove financial intermediaries from transactions - Adds CFO Nick Lyth to board, effective immediately. Dispersion listed on Aquis Stock Exchange in late April, raising GBP9 million in its initial public offering and GBP2.2 million in pre-IPO fundraisings.

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e-Therapeutics PLC - Oxford, England-based drug discovery - Hires Alison Gallafent as head of Intellectual Property. Gallefent was head of IP at fellow AIM listing Silence Therapeutics PLC and also worked at Merck & Co Inc and Glaxo Wellcome.

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SDX Energy PLC - gas production in Egypt and exploration & development in Morocco - Amr Al Menhali will retire as director at annual general meeting on June 25, having left shareholder Waha Capital. Al Manhali had joined the SDX board back in September 2019, having been named CEO of Waha, which is SDX's largest shareholder, with a 19.5% stake.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
3 May 2024 15:50

IN BRIEF: SDX Energy completes drilling operations in Rharb Basin

SDX Energy PLC - London-based energy company with exploration, development and production assets in Egypt and Morocco - Completes drilling operations on the BMK-2 well, located in the Rharb Basin, Morocco. "At 1,265 metres in the Guebbas formation, the well encountered a 9-metre interval, believed to be equivalent to the well's primary target, with strong gas shows up to approximately 100 times background gas readings. The well was drilled to its total depth of 1,412 metres, and has been left temporarily suspended with a plug set to allow the well to be sidetracked, to the target formation at 1,265 metres, once the required equipment has been mobilised," says SDX.

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29 Apr 2024 14:08

SDX Energy says KSR-21 begins producing gas upon government approval

(Alliance News) - SDX Energy PLC on Monday said that that the KSR-21 well in Morocco has received necessary government approvals and gas production has commenced.

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24 Apr 2024 14:26

TRADING UPDATES: 88 Energy firms bookbuild; Gama Aviation inks deal

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

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19 Apr 2024 10:29

SDX Energy signs deal to dispose of West Gharib interests in Egypt

(Alliance News) - SDX Energy PLC on Friday said it has executed a binding sale and purchase agreement for the disposal of its West Gharib interests in Egypt.

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3 Apr 2024 14:27

SDX Energy commences drilling at well in Rharb basin, Morocco

(Alliance News) - SDX Energy PLC on Wednesday said it began drilling the Beni Malek-2 well in the Rharb basin, Morocco.

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3 Apr 2024 13:18

SDX starts drilling BMK-2 well in Morocco

(Sharecast News) - SDX announced the start of drilling operations for the Beni Malek-2 well (BMK-2) in the Rharb Basin of Morocco on Wednesday, situated 1.5 kilometres from the BMK-1 discovery well.

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27 Nov 2023 20:02

TRADING UPDATES: Live Co to cut jobs; SDX Energy in strategy shift

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

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27 Nov 2023 15:58

SDX Energy pivoting away from Egyptian assets

(Sharecast News) - SDX Energy updated the market on its strategic transformation on Monday, shifting its focus from solely an oil and gas business to becoming an integrated, hybrid energy provider in Morocco.

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22 Nov 2023 14:20

EXECUTIVE CHANGES: Ocean Harvest catches new CFO, Titon hires new CEO

(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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31 Oct 2023 17:58

TRADING UPDATES: Schroders Capital Global investee to be bought out

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

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5 Oct 2023 14:17

SDX Energy receives $1.9m pre-payment from Citic subsidiary

(Sharecast News) - Exploration and production company SDX Energy revealed on Thursday that it has received a payment of roughly $1.9m from a Citic Group subsidiary in relation to a gas pre-payment head of terms agreement.

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5 Oct 2023 10:16

AIM WINNERS & LOSERS: SDX Energy receives gas prepayment from Citic

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

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5 Oct 2023 09:56

SDX Energy shares surge on gas prepayment for Morocco well drilling

(Alliance News) - SDX Energy PLC on Thursday said it received around USD1.9 million from Dika Morocco Africa as part of a gas prepayment heads of terms announced in September.

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29 Sep 2023 11:51

EARNINGS: Ebiquity swings to profit; SDX Energy swings to loss

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

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28 Sep 2023 16:05

SDX Energy finds gas-charged sands in new well

(Sharecast News) - SDX Energy announced the successful drilling of the KSR-21 well on Thursday, achieving its target vertical depth of 1,955 metres, or 1,966 metres when considering the measured depth.

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