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Pin to quick picksUnited Oil&gas Share News (UOG)

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UK EXECUTIVE CHANGE SUMMARY: United Oil & Gas Hires Former Tullow CFO

Wed, 23rd Dec 2020 13:44

(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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United Oil & Gas PLC - oil and gas company with assets in Egypt, Italy, Jamaica, and the UK - Appoints Tom Hickey as independent non-executive director, starting January 1. Hickey was chief financial officer of London-listed Tullow Oil PLC from 2000 to 2008. He currently is chief executive officer of Boru Energy Ltd, a West Africa focussed oil and gas company supported by Carlyle Group. Hickey holds 3.1 million United Oil shares, a 0.5% stake. Meanwhile, Alberto Cattaruzza will step down from the board on December 31. He has served as non-executive director since the United Oil's listing in 2017 via a reverse takeover of Senterra Energy, where Cattaruzza was a director.

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Tasty PLC - London-based casual dining restaurant operator - Sam Kaye moves from joint CEO to non-executive director, while Jonny Plant, the other joint CEO, becomes sole CEO, effective immediately. Says move is to allow Kaye "to devote more time to his other interests in these challenging times". Company will start search for an additional independent non-executive director.

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600 Group PLC - West Yorkshire, England-based manufacturer and distributor of machine tools, precision engineered components and industrial laser systems - Neil Carrick resigns as CFO, effective Wednesday. A restructuring by 600 Group announced last month would have meant Carrick moving to Orlando, Florida. The company had said at the time that he would resign after deciding he was unable to do so for personal reasons. 600 Group hires Mitch Krasny, a former CFO of numerous technology companies, including subsidiaries of Stockholm-based Telia Co AB, as its new CFO. In November, 600 Group had reported it swung to a loss in its financial year that ended March 28.

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Kavango Resources PLC - mineral exploration in Botswana - Chair Douglas Wright will resign from board at the end of December "to concentrate on his other business interests", having been in post since before the company's listing in 2018. Searching for new chair. In meantime, Non-Executive Director Mike Moles will serve as chair.

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Beeks Financial Cloud Group PLC - Glasgow-based connectivity provider for financial markets - Hires Kevin Covington as an independent non-executive director, starting January 4. Covington is a 30-year trading technology veteran, currently running fintech advisory firm Change Alley.

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Verici Dx PLC - Cardiff-based clinical diagnostics for organ transplant - Hires Angela Rose as senior director for Clinical Trial Operations, effective immediately. Rose joins from regenerative medicine biotech company Humacyte Inc, where she was responsible for global operational oversight and delivery of clinical development projects and clinical trials.

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KKV Secured Loan Fund Ltd - equipment leasing and asset finance investment - Hires David Copperwaite as independent non-executive director, starting from the conclusion of company's annual general meeting on December 31. Copperwaite, a resident of Guernsey, is on the board of directors of a number of investment funds, KKV says, and is the former chair of the International Bankers Association.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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23 Nov 2023 12:25

United Oil hires interim CFO but loses Jamaica licence partner

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AIM WINNERS & LOSERS: Jersey Oil & Gas agrees farm-out at Buchan

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14 Nov 2023 13:55

IN BRIEF: United Oil says CFO Dunne to leave next year and join daa

United Oil & Gas PLC - oil and gas company focused on Egypt and Jamaica - Chief Financial Officer Peter Dunne announces intention to step down and leave company to become CFO at Dublin airport owner daa PLC. United expects Dunne to leave during the first quarter of 2024. Search process for new CFO commences with immediate effect; company will name an interim CFO "in due course". Dunne will remain available "over the coming months" to ensure a smooth transition. He was hired as CFO in early May 2022, moving from the same role at West Africa-focused Boru Energy Ltd. Previous roles include finance director at Origin Enterprises PLC. "I have thoroughly enjoyed my time at United working alongside such a strong team...I look forward to seeing continued progress being made in Jamaica and Egypt," Dunne comments.

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EARNINGS AND TRADING: MetalNRG hails Gold Ridge findings

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

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1 Nov 2023 13:04

United Oil terminates asset purchase deal with Quattro Energy

(Sharecast News) - United Oil & Gas announced the termination of its asset purchase agreement with Quattro Energy on Wednesday.

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1 Nov 2023 11:12

United Oil & Gas terminates North Sea deal with Quattro Energy

(Alliance News) - United Oil & Gas PLC on Wednesday said it has terminated its asset purchase agreement with Quattro Energy Ltd.

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AIM WINNERS & LOSERS: UOG falls as terminates Quattro North Sea deal

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4 Oct 2023 16:16

IN BRIEF: United Oil & Gas extends long stop date for UK licence sale

United Oil & Gas PLC - oil and gas company focused on Egypt, the UK and Jamaica - Extends the long stop date of the asset purchase agreement with Quattro Energy Ltd to October 27. Asset purchase relates to the conditional sale of the UK Central North Sea Licence P2519 which contains the Maria discovery in Block 15/18 to Quattro.

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28 Sep 2023 11:47

United Oil & Gas first half profit falls on declining revenue

(Alliance News) - United Oil & Gas PLC on Tuesday said profit fell in the first half of 2023 as revenue also fell, while it plans further exploration work in the future.

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22 Aug 2023 14:25

IN BRIEF: United Oil & Gas Chief Operating Officer Leather steps down

United Oil & Gas PLC - London-based oil and gas company with projects in Egypt, Italy and the UK - Says that Chief Operating Officer Jonathan Leather has notified the board of his intention to step down from his role, and as an executive director, as of August 31. Notes that while Leather will step back from day-to-day operational activity, given the status of the Jamaica farmout process, he will continue to provide support on a consultancy basis.

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8 Aug 2023 11:39

United Oil & Gas extends long stop date for sale of licence to Quattro

(Alliance News) - United Oil & Gas PLC on Tuesday said it extended the long stop date of a planned licence sale.

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

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