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EXECUTIVE CHANGES: Sureserve executive chair departs after turnaround

Thu, 18th Mar 2021 15:46

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

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Sureserve Group PLC - Basildon, Essex-based compliance and energy services focused on UK public sector - Executive Chair Bob Holt steps down ahead of annual general meeting on Thursday. Senior Independent Director Robert Legget is made interim chair, while Chief Financial Officer Peter Smith is made interim chief operating officer. Sureserve will look for a new independent non-executive chair and a chief executive. "Bob is leaving Sureserve having successfully completed its turnaround, delivering a very strong financial performance and overseeing a 125% recovery in Sureserve's share price since he was recruited in July 2016," Legget says. Shares in Sureserve, formerly known as Lakehouse PLC, fell as low as 20.5 pence at the end of 2018, but on Thursday were trading at 68.00p, down 6.9% on the day.

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Prudential PLC - London-based insurer - Hires Jeanette Wong as non-executive director, starting May 1. Wong was chief financial officer of DBS Group, a Singaporean bank, and also was responsible for its institutional business. As previously announced, Chua Sock Koong and Ming Lu also will join the board as non-executive directors on May 1. Prudential Chair Shriti Vadera says Wong "has a wealth of operational experience from a long career in financial services in southeast Asia. Her knowledge and skills will be invaluable as Prudential continues its transformation into a business focused exclusively on Asia and Africa."

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Knights Group Holdings PLC - Staffordshire, England-based legal and professional services - Hires Gillian Davies as senior independent non-executive director, effective immediately. Davies was chief financial officer for companies including London listing 4imprint Group PLC and former listing Harwood Wealth Management Group PLC. She currently is a non-executive director of Ten Lifestyle Group PLC.

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PureTech Health PLC - Boston, Massachusetts-based biotherapeutics - Stephen Muniz will retire as chief operating officer and step down from board on May 17. Chief of Business & Strategy Bharatt Chowrira will take over the responsibilities of Muniz, who was a co-founder of PureTech.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
11 Jul 2023 16:24

IN BRIEF: Scheme to facilitate Sureserve takeover becomes effective

Sureserve Group PLC - Basildon, Essex-based compliance and energy services provider - Says court-sanctioned scheme of arrangement to facilitate takeover by Cap10 Partners has become effective. Notes trading in shares was suspended today and the cancellation of admission to trading of Sureserve shares on AIM is expected on Wednesday.

Read more
11 Jul 2023 13:04

IN BRIEF: Sureserve shares suspended pending an announcement

Sureserve Group PLC - Basildon, Essex-based compliance and energy services provider - Trading of its shares on AIM has been temporarily suspended, "pending an announcement".

Read more
9 Jun 2023 20:12

TRADING UPDATES: Tintra in Rwandan push, Steepe Cement profit flat

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

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2 Jun 2023 15:43

UK shareholder meetings calendar - next 7 days

Monday 5 June 
EnQuest PLCAGM
Tuesday 6 June 
Assura PLCAGM
Billington Holdings PLCAGM
Mast Energy Developments PLCAGM
NB Global Monthly Income Fund LtdAGM
Tasty PLCAGM
WANdisco PLCGM re new shares authorisation and fundraise
Wednesday 7 June 
City Pub Group PLCAGM
Gem Diamonds LtdAGM
Gulf Marine Services PLCAGM
Hostmore PLCAGM
LXi REIT PLCAGM
Pennant International Group PLCAGM
Third Point Investors LtdAGM
United Oil & Gas PLCAGM
Xpediator PLCGM re takeover by DLM Bidco
Thursday 8 June 
Ashtead Technology Holdings PLCAGM
Camellia PLCAGM
Checkit PLCAGM
Churchill China PLCAGM
CRH PLCCourt Meeting and EGM re proposal to transfer the company's primary listing to NYSE
Downing Renewables & Infrastructure Trust PLCAGM
Fair Oaks Income LtdAGM
Fusion Antibodies PLCGM re result of retail offer
Genflow Biosciences PLCAGM
Glenveagh Properties PLCAGM
Kavango Resources PLCAGM
Kosmos Energy LtdAGM
Melrose Industries PLCAGM
North American Income Trust PLCAGM
Oriole Resources PLCAGM
Panther Metals PLCAGM
REA Holdings PLCAGM
Renalytix PLCGM re director's authorization to allot new shares and equity securities for cash
Vaalco Energy IncAGM
Friday 9 June 
Arecor Therapeutics PLCAGM
Devolver Digital IncAGM
Fulham Shore PLCGM and court meeting re takeover by Torridoll Holdings Corp
Hochschild Mining PLCAGM
Mirada PLCGM re cancellation and re-registration as PLC
MP Evans Group PLCAGM
S4 Capital PLCAGM
Sureserve Group PLCCourt Meeting and GM re acquisition by CAP10 
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
25 May 2023 20:45

TRADING UPDATES: Ocean Harvest CFO Crockett to leave in June

(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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16 May 2023 17:50

IN BRIEF: Sureserve bolsters order book as profit and revenue jump

Sureserve Group PLC - Basildon, Essex-based compliance and energy services provider - Reports revenue in the six months to March 31 increased 23% to GBP155.3 million from GBP126.2 million the year prior with pretax profit of GBP6.7 million, up 56% from GBP4.3 million. Adds adjusted basic earnings per share climbed by 3.3% to 3.1 pence from 3.0 pence while the order book jumped 11% to GBP567.7 million from GBP512.1 million. Says the order book provides good visibility of revenue streams with 98% of financial year 2023 expected revenue covered by the order book.

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21 Apr 2023 17:07

LONDON MARKET CLOSE: Europe up but New York set for tepid end to week

(Alliance News) - Blue-chip stocks in Europe closed higher on Friday, though the FTSE 100 underperformed, held back by its mining sector.

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21 Apr 2023 12:12

LONDON MARKET MIDDAY: Stocks mixed; new listing Dowalis tops FTSE 100

(Alliance News) - Stock prices in London were mixed at midday on Friday as uneven growth in the UK private sector suggested to markets that another rate hike by the Bank of England next month is an "increasingly done deal".

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21 Apr 2023 10:01

UPDATE: North Atlantic Smaller Cos "pleased" with Sureserve takeover

(Alliance News) - North Atlantic Smaller Cos Investment Trust PLC on Friday said it was "pleased" with Sureserve Group PLC, after it said it has reached a takeover agreement with Cap10 Partners.

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21 Apr 2023 09:41

AIM WINNERS & LOSERS: Sureserve up on GBP214.1 million takeover offer

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

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21 Apr 2023 09:18

Cap10's 125p a share offer for Sureserve 'looks cheap', says Peel Hunt

(Sharecast News) - French private equity firm Cap10's £214.1m offer for social housing energy services provider Sureserve "looks cheap" but is likely to succeed, Peel Hunt said on Friday.

Read more
21 Apr 2023 09:05

TOP NEWS: Sureserve surges on Cap10 GBP214 million takeover deal

(Alliance News) - Energy services provider Sureserve Group PLC on Friday said it has reached a takeover agreement with Cap10 Partners.

Read more
21 Apr 2023 08:52

LONDON MARKET OPEN: FTSE 100 down as miners and poor UK data weigh

(Alliance News) - Stock prices in London opened lower on Friday, as disappointing retail sales data showed that UK consumers are still being squeezed by high inflation and cost-of-living pressures.

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21 Apr 2023 07:56

LONDON BRIEFING: Network International receives another, better offer

(Alliance News) - Stocks in London are set to open lower on Friday, as central bankers on both sides of the Atlantic pointed to further rate hikes and UK retail sales data disappointed.

Read more
21 Apr 2023 07:18

French PE firm Cap10 to buy Sureserve in £214m deal

(Sharecast News) - Social housing energy services provider Sureserve has agreed to be bought by French private equity firm Cap10 in a £214.1m deal.

Read more

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