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Pin to quick picksTower Resources Share News (TRP)

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UK EXECUTIVE CHANGE SUMMARY: Tekmar Says Close To Hiring New CEO

Wed, 30th Sep 2020 16:49

(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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Tekmar Group PLC - Newton Aycliffe, County Durham-based technology and services for offshore energy - Tells annual general meeting that Alasdair Macdonald continues to lead as executive chair but search for new CEO is nearing conclusion. Has shortlist of candidates being interviewed and expects to make an announcement in mid-October.

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IG Group Holdings PLC - London-based provider of contract-for-difference trading - Adds Wu Gang to board as non-executive director. Has over 25 years experience in investment banking. Led European investment banking team of CLSA Securities, the international investment banking platform of China's CITIC Securities Co Ltd. Prior to that worked for Royal Bank of Scotland, HSBC and Merrill Lynch in Hong Kong and London, having started career at Goldman Sachs.

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Standard Chartered PLC - London-based emerging markets lender - Hires Maria Ramos as independent non-executive director starting January 1. Ramos also will be a non-executive director of Standard Chartered Bank. Ramos is based in South Africa and was chief executive officer of ABSA Group Ltd, which previously was Barclays Africa Group.

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St James House PLC - Windsor, Berkshire-based lottery and e-commerce company - Promotes Dan Pym to finance director, having joined company in 2017 as project accountant. Pym has been head of finance since November last year.

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Finablr PLC - Abu Dhabi-based owner of Travelex currency exchange and money transfer service - Karim Awad resigns as director with immediate effect.

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Harworth Group PLC - Rotherham, South Yorkshire-based land regenerator - Says Angela Bromfield will succeed Lisa Clement as senior independent director when Clement retires on October 31.

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Conygar Investment Co - UK property investment and development - Michael Wigley retires as non-executive director from Wednesday, having served on board since AIM float in 2003.

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Tower Resources PLC - Africa-focused oil and gas - Paula Brancato hired as independent non-executive director, effective immediately, replacing David Thomas. Brancato is an investment advisor with Barnum Financial Group in New York.

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Carclo PLC - West Yorkshire-based supplier of technical plastics products for medical, optical and aerospace industries - Non-Executive Director Nick Sanders moves up to chair, effective immediately. Sanders replaces Joe Oatley, who steps back down to non-executive director, having acted as chair since April 27. Oatley replaces Peter Slabbert as senior independent director. Sanders joined board back in August as chair elect.

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Oakley Capital Investments Ltd - provides access to private equity investments of Oakley Funds - Hires Fiona Beck as non-executive director from Thursday. Beck is an accountant who serves on numerous company boards, including of London-listed Ocean Wilsons Holding Ltd.

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Path Investments PLC - energy and natural resources investment - Proposes Nick Tulloch as non-executive director. Tulloch is a UK capital markets advisor, specialised in oil and gas, having worked with Cazenove, Arbuthnot and Cantor Fitzgerald. Also appoints Jack Allardyce as executive director, effective immediately. Was oil and gas equity research analyst and also worked at consultancy Wood Mackenzie. Tommaso Corrado resigns as non-executive director after four years on the board.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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21 Jun 2019 09:35

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(Sharecast News) - Africa-focussed oil and gas company Tower Resources updated the market on the financing of its Cameroon operation, and announced its intention to raise gross proceeds of around £0.15m through a subscription of approximately 15 million new ordinary shares at a price of 1p each on Friday.

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LONDON (Alliance News) - Tower Resources PLC on Tuesday reported a significant increase to its annual loss on almost USD3 million in impairment charges.Tower shares were trading down 14% at

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