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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.

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12 Nov 2019 09:24

SDX Energy Starts South Disouq Production, Makes Interim CEO Permanent

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25 Oct 2019 11:46

SDX Energy Begins 12 Well Drilling Programme In Morocco

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25 Oct 2019 11:22

SDX Energy to start 12-well drilling campaign in Morocco

(Sharecast News) - Middle East and North Africa-focussed oil and gas company SDX Energy announced the start of a 12-well drilling campaign on Friday, targeting a mean 15 billion cubic feet of gross unrisked prospective resources, in its operated Gharb Basin acreage in Morocco, where it has a 75% working interest.

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18 Sep 2019 14:29

SDX Energy Makes Another Oil Discovery On Egyptian Licence

(Alliance News) - SDX Energy PLC on Wednesday announced the discovery of commercial oil at the West Gharib concession in Egypt.Drilling at the MSD-19 development well, in which it has 50% a

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22 Aug 2019 11:24

SDX Energy makes solid development progress as it swings to loss

(Sharecast News) - North Africa-focussed oil and gas company SDX Energy reported net revenues of $25m (£20.62m) in its first half on Thursday - a year-on-year improvement of 4% - with higher production reportedly compensating for lower net realised average oil and service fees of $57 per barrel of oil equivalent, down from $62 per barrel in the first half of 2018.

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22 Aug 2019 10:14

SDX Energy Makes Progress Towards Objectives As Output Rises

(Alliance News) - SDX Energy PLC on Thursday said an improvement in production in the first half of 2019 was offset by lower oil price and increased expenses.The oil & gas company said

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8 Jul 2019 12:18

SDX Energy Completes First Of Three Milestones At South Disouq, Egypt

(Alliance News) - SDX Energy PLC said Monday it is on track and on budget at South Disouq, Egypt, having completed the first of the three project milestones.SDX has a 55% interest in the of

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26 Jun 2019 12:35

SDX Energy Discovers Oil At Rabul-7 Development Well In Egypt

(Alliance News) - North Africa-focused oil & gas firm SDX Energy PLC said Wednesday it has made an oil discovery at the Rabul-7 development well in the West Gharib Concession in Energy holds a

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25 Jun 2019 14:46

SDX Energy Shareholder Nominee Michael Raynes Resigns From Board

(Alliance News) - Oil and gas explorer SDX Energy PLC on Tuesday reported the departure of its shareholder nominee Michael Raynes from the company's board.Raynes left the company's

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5 Jun 2019 14:16

DIRECTOR DEALINGS: WH Smith Non-Executive Buys GBP50,000 In Shares

LONDON (Alliance News) - WH Smith PLC on Wednesday said that Non-Executive Director Maurice Thompson acquired 2,500 shares in the company.Thompson bought the shares at 1,994.00 pence each a

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3 Jun 2019 12:07

Monday broker round-up

(Sharecast News) - Ferguson: Peel Hunt upgrades to add with a target price of 5,430p.

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28 May 2019 10:25

SDX Energy re-domiciles Canada company under SDX UK

(Sharecast News) - SDX Energy announced on Tuesday it has completed a re-domiciliation transaction under a statutory plan of arrangement, under which SDX UK has become the ultimate parent company of SDX Canada and its subsidiaries.

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17 May 2019 15:03

SDX Energy lowers production guidance in first quarter update

(Sharecast News) - North Africa-focused oil and gas company SDX Energy issued its financial and operating results for the three months ended 31 March on Friday, reporting first quarter production of 3,715 barrels of oil per day (boepd), which was an increase of 22% year-on-year.

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7 Feb 2019 09:14

SDX Energy expands presence in Morocco

(Sharecast News) - North Africa focused oil and gas company SDX Energy has increased its presence in Morocco with the awards of the Moulay Bouchta Ouest and Lalla Mimouna Sud licenses.

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28 Jan 2019 10:39

SDX Energy plans TSXV delisting

(Sharecast News) - Oil and gas exploration outfit SDX Energy intends to delist from the Toronto Stock Exchange ahead of a move of its corporate residence to the UK from Canada.

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