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EXECUTIVE CHANGES: NWF chief and Michelmersh co-founder to retire

Tue, 01st Aug 2023 15:23

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

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NWF Group PLC - Cheshire, England-based distributor of fuel, food and feed - Chief Executive Richard Whiting will retire in March next year after leading NWF for 15 years. Finance Director Chris Belsham is promoted to chief executive designate from Tuesday, having joined the company in 2017. Katie Shortland will join NWF as chief financial officer on October 2 to replace Belsham. Shortland currently is finance & transformation Director at Midland Expressway Ltd and previously held senior finance positions at Meggitt PLC and Rolls-Royce Holdings PLC. Chair Philip Acton will remain in place until the 2024 annual general meeting to oversee the executive transition.

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Michelmersh Brick Holdings PLC - Haywards Heath, England-based brick manufacturer - Martin Warner will retire as chair at the AGM in May next year, replaced by Non-Executive Director Tony Morris. Warner has been chair since 2016, having been the company's joint founder and its CEO. Morris joined the board in November 2020.

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600 Group PLC - West Yorkshire, England-based manufacturer and distributor of machine tools, precision engineered components and industrial laser systems - Moves Todd Riggs from non-executive director to chief operating officer of 600 Group Inc, a subsidiary that is in charge of the day-to-day operations of the group. Riggs, who joined the board two years ago, remains a company director.

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Hargreaves Services PLC - Durham, England-based services to industrial and property sectors - Promotes Stephen Craigen to finance director and board member. Craigen, who has been financial controller since 2017, will replace John Samuel on Wednesday next week, when Hargreaves Services will present its financial 2023 results.

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Zytronic PLC - Tyne & Wear, England-based maker of sensors for interactive displays used in self-service, gaming, and industrial applications - Hires Chris Potts as non-executive chair, starting immediately. Interim Chair Mark Butcher will revert to independent non-executive director. Potts currently is chair of Guralp Systems Ltd, a maker of seismic event monitoring instrumentation.

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Helium One Global Ltd - helium explorer in Tanzania - Ian Stalker steps down as non-executive chair immediately, after five years in post. Non-Executive Director James Smith is promoted to chair. Smith, a former Chevron Corp executive, has been on the Helium One board since its listing in December 2020.

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By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
20 Mar 2024 13:36

IN BRIEF: 600 Group shares due to be cancelled from AIM on April 3

600 Group PLC - West Yorkshire, England-based manufacturer and distributor of machine tools, precision engineered components and industrial laser systems - Company corrects that its shares are due to be cancelled from AIM on April 3, six months from date of their suspension from trading, rather than April 2. The cancellation is due to 600 Group being unable publish its accounts, amid a lack of money and a sale process.

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19 Mar 2024 18:41

EARNINGS AND TRADING: UK Oil in Broadford blow; SolGold optimistic

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

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7 Feb 2024 18:59

IN BRIEF: 600 Group shares still suspended as remains loss-making

600 Group PLC - West Yorkshire, England-based manufacturer and distributor of machine tools, precision engineered components and industrial laser systems - Says that since December, trading conditions have remained "challenging", with demand for capital goods subdued. As a result, 600 Group has continued to be loss-making at an operating level, and has subsequently "been seeking to manage its existing resources accordingly". The firm has been looking for potential funding options, but says there's no certainty as to whether any additional funding will be available. Until extra funding is secured, 600 Group will be unable to release its annual report for the year ended March 31. Subsequently, its shares will continue to be suspended from trading, pending the publication of its 2023 annual report, and its interim report for the six months ended September 30.

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7 Dec 2023 20:45

IN BRIEF: 600 Group sees funding talks continue

600 Group PLC - West Yorkshire, England-based manufacturer and distributor of machine tools, precision engineered components and industrial laser systems - On Monday, 600 noted talks continue with a US based mid-market private equity firm over the possible sale of a majority interest in the business and assets of the group's wholly owned TYKMA Electrox and Control Micro Systems industrial laser businesses. However, it agreed to terminate, without penalty and with immediate effect, the binding period of exclusivity between the two parties.

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4 Dec 2023 17:33

TRADING UPDATES: 600 Group disposal and funding talks continue

(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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24 Nov 2023 18:22

IN BRIEF: FTSE Russell says five companies to be removed soon from AIM

(Alliance News) - FTSE Russell on Friday reports that the following five companies will be removed from the FTSE AIM All-Share Index next week Wednesday in the absence of an active market and in accordance with the suspension rule, as they have been suspended for 40 business days without indication of resumption.

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6 Oct 2023 13:14

600 Group announces possible 80pc sale of US laser businesses

(Sharecast News) - Industrial engineering specialist the 600 Group announced the signing of a non-binding letter of intent (LOI) through its wholly-owned US division to potentially offload a majority interest in its TYKMA Electrox and Control Micro Systems industrial laser operations in the United States.

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6 Oct 2023 12:02

600 Group notes letter of intent by subsidiary for potential disposal

(Alliance News) - 600 Group PLC said its subsidiary 600 Group Inc is mulling a disposal of a majority interest in the business and assets of TYKMA Electrox and Control Micro Systems, which are also subsidiaries of 600 Group PLC.

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2 Oct 2023 20:41

EARNINGS AND TRADING: Clean Invest reports interim loss and no revenue

(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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22 Sep 2023 16:09

UK shareholder meetings calendar - next 7 days

Monday 25 September 
Amte Power PLCGM re share issue to raise GBP2m
Ondo InsurTech PLCAGM
ThomasLloyd Energy Impact Trust PLCGM re appointment of new directors
Tuesday 26 September 
BSF Enterprise PLCGM re placing, subscription and broker warrants
Cohort PLCAGM
Ediston Property Investment Co PLCGM re disposal of the property portfolio
Fulcrum Utility Services LtdGM re AIM cancellation
James Cropper PLCAGM
Knights Group Holdings PLCAGM
Miton UK MicroCap Trust PLCAGM
Mycelx Technologies CorpAGM
Orient Telecoms PLCAGM
Redde Northgate PLCAGM
Saietta Group PLCAGM
Scholium Group PLCAGM
SulNOx Group PLCAGM
Supreme PLCAGM
Tern PLCGM re management changes
Wednesday 27 September 
4Global PLCAGM
abrdn New India Investment Trust PLCAGM
Amigo Holdings PLCAGM
AO World PLCAGM
Baltic Classifieds Group PLCAGM
Coral Products PLCAGM
EDX Medical Group PLCAGM
Empyrean Energy PLCAGM
First Property Group PLCAGM
Pharma C Investments PLCGM re executive changes
Riverstone Energy LtdEGM re tender offer
Samarkand Group PLCAGM
System1 Group PLCAGM
Schroder Real Estate Investment Trust LtdAGM
Voyager Life PLCAGM
Thursday 28 September 
abrdn Japan Investment TrustGM re merger with Nippon Active Value Fund PLC
abrdn Japan Investment TrustAGM
ActiveOps PLCAGM
Babcock International Group PLCAGM
Boussard & Gavaudan Holding LtdEGM re managed wind-dow proposals
CentralNic Group PLCGM re name change to Team Internet Group PLC
CT Global Managed Portfolio Trust PLCAGM
Diageo PLCAGM
FIH Group PLCAGM
FRP Advisory Group PLCAGM
Kromek Group PLCAGM
Oxford Cannabinoid Technologies Holdings PLCAGM
Pembroke VCT PLCAGM
Polar Capital Holdings PLCAGM
Redcentric PLCAGM
Revolution Beauty Group PLCAGM
Roebuck Food Group PLCAGM
TruFin PLCAGM
Zoo Digital Group PLCAGM
Friday 29 September 
600 Group PLCAGM
Andrada Mining LtdAGM
Capital Metals PLCAGM
Enteq Technologies PLCAGM
finnCap Group PLCAGM
Goodwin PLCAGM
GRC International Group PLCAGM
Hellenic Dynamics SAAGM
ITM Power PLCAGM
Kodal Minerals PLCAGM
Merit Group PLCAGM
Naked Wines PLCAGM
Shearwater Group PLCAGM
Victoria PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
1 Sep 2023 20:46

IN BRIEF: 600 Group shares to be suspended as to fail results deadline

600 Group PLC - West Yorkshire, England-based manufacturer and distributor of machine tools, precision engineered components and industrial laser systems - Says can not publish results for the financial year that ended on March 31 by the September 30 deadline. Shares will be suspended on October 2. Company aims to release the results during October. Meanwhile, 600 says that it is "considering various financial alternatives to its existing debt facilities which currently expire on 30 November 2023."

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24 May 2023 11:31

IN BRIEF: 600 Group expects annual loss but revenue set to rise

600 Group PLC - West Yorkshire, England-based manufacturer and distributor of machine tools, precision engineered components and industrial laser systems - Expects revenue for the year ended on March 31 to be about USD30 million, with gross profit of not less than about USD11.5 million. Expects operating loss of about USD2.4 million. For financial 2022, revenue was GBP32 million, and operating profit was USD1.2 million. Says the loss has been driven mainly by the delivery of "several unprofitable ordinary course customer contracts within the group's business which have resulted in lower gross margins than had been originally anticipated". As at March 31, order book amounts to USD7.8 million. Tangible net assets are expected to be no less than USD11 million.

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5 May 2023 14:41

TRADING UPDATES: Alternative Income quarterly net asset value drops

(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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18 Nov 2022 15:50

UK shareholder meetings calendar - next 7 days

Monday 21 November 
Manchester & London Investment Trust PLCAGM
Mountview Estates PLCGM re re-electing Chair Powell, Non-Exec Archibald
RPS Group PLCGM cash offer agreement
Yamana Gold IncGM Gold Fields offer
Tuesday 22 November 
Alpha FX Group PLCGM re name change
Artemis Resources LtdAGM
Fonix Mobile PLCAGM
Kingswood Holdings LtdAGM
Origin Enterprises PLCAGM
Physiomics PLCAGM
Quantum Exponential Group PLCAGM
Rainbow Rare Earths LtdAGM
Sabien Technology Group PLCAGM
Town Centre Securities PLCAGM
Wednesday 23 November 
Crystal Amber Fund LtdAGM
CVS Group PLCAGM
Fidelity Asian Values PLCAGM
Genus PLCAGM
JPMorgan Russian Securities PLCGM re name change
Synergia Energy LtdAGM
Wilmington PLCAGM
Woolworths Holdings LtdAGM
Thursday 24 November 
Cloudbreak Discovery PLCAGM
EnSilica PLCAGM
Fiske PLCAGM
MGC Pharmaceuticals LimitedAGM
Pacific Horizon Investment Trust PLCAGM
Pan African Resources PLCAGM
PZ Cussons PLCAGM
Zanaga Iron Ore Co LtdAGM
Friday 25 November 
600 Group PLCGM annual report
Aveva Group PLCGM and Court Meeting re Schenider Electric takeover offer
Base Resources LtdAGM
European Metals Holdings LtdAGM
Neometals LtdAGM
Quadrise Fuels International PLCAGM
ScS Group PLCAGM
Sylvania Platinum LtdAGM
Windar Photonics PLCGM re placing of new ordinary shares
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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