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EXECUTIVE CHANGES: Hunter Eleco's Permanent CEO; 600 Group CFO Leaves

Wed, 10th Feb 2021 15:25

(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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Eleco PLC - construction software firm - Says Jonathan Hunter, who took on the role of interim chief executive back in September, has been appointed CEO on a permanent basis. Hunter was appointed to the board in June 2016, having held a number of senior management positions within Eleco since joining in 2010. He was appointed COO in 2017 prior to his appointment as interim CEO.

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600 Group PLC - West Yorkshire, England-based manufacturer and distributor of machine tools, precision engineered components and industrial laser systems - Says Chief Financial Officer Mitch Krasny steps down as a director with immediate effect by mutual agreement. A formal process to identify a successor has been initiated.

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GCP Infrastructure Investments Ltd - focuses primarily on investments in UK infrastructure debt - Says that, following conclusion of Wednesday's annual general meeting, Non-Executive Director David Pirouet has retired. Company appoints Steven Wilderspin, effective Wednesday. Wilderspin is currently a non-executive director at Blackstone Loan Financing Ltd and HarbourVest Global Private Equity Ltd.

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Mineral & Financial Investments Ltd - Cayman Islands-based investment company specialising in junior mining companies - Adds Mark Brown, president of Pacific Opportunity Capital Ltd, to the board as chair. Jacques Vaillancourt will assume the role of president, chief executive & director of the company.

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W Resources PLC - tungsten, tin and gold mining company - Says Non-Executive Director Oscar Marin Garcia will step down from the board on Friday to focus on increased commitments in his business. The search for a new non-executive is underway. Garcia says: "Whilst my current commitments mean I am unable to remain on the board of directors, I remain a strong advocate of W Resources and its operations in Spain and I intend to retain my beneficial shareholding in the company."

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Nuformix PLC - pharmaceutical development firm based in London - Says Chris Blackwell has resigned as non-executive chair and director of the company with immediate effect "due to personal reasons that require his immediate attention". A process to appoint a new chair will start immediately.

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Smith & Nephew PLC - medical devices manufacturer - Appoints John Ma as a non-executive director. Since 2019, he has served as chief executive & chair of Ronovo Surgical, a start-up soft tissue surgical robotics business he founded. "We are delighted to have secured a Board colleague with John's track record growing medical device businesses across China and the wider region," says Smith & Nephew Chair Roberto Quarta.

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Ground Rents Income Fund PLC - real estate investment trust - Appoints Barry Gilbertson as a non-executive director, effective Wednesday. He was recently appointed as executive chair of Custodian Capital Ltd, a subsidiary of Mattioli Woods PLC, in January. Adds that Malcolm Naish has informed the board he intends to retire as chair and a non-executive director at the company's next annual general meeting. It is intended Gilbertson will success Naish on his retirement.

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Atalaya Mining PLC - Cyprus-based copper producer - Appoints Neil Gregson, who has over 30 years' experience of investing in mining and oil and gas companies, as a non-executive director. From 2010 to 2020 he was a Managing Director at JP Morgan Asset Management where, as a member of the equity team, he was a portfolio manager investing in mining and energy companies globally.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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25 May 2022 15:42

IN BRIEF: W Resources shares to be cancelled from AIM on Thursday

W Resources PLC - tungsten, tin and gold mining and exploration company in Spain and Portugal - Confirms shares will be cancelled from trading on the AIM market in London, effective from Thursday morning. Back in April, W Resources had cited the "unprecedented difficult financial and operating circumstances in which the company finds itself" due to the rise in energy prices. On Wednesday, the company refers to "extremely high liquid natural gas prices that placed an excessive cost burden on the La Parrilla mine in Spain with the further impact of the ongoing truck drivers dispute which caused a shortage of critical spare parts". Also in April, Grant Thornton UK LLP resigned as its nominated adviser and Alternative Resource Capital and Shard Capital as brokers.

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23 May 2022 19:29

TRADING UPDATES: Big Yellow's annual profit surges on occupancy gains

(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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25 Apr 2022 15:18

IN BRIEF: W Resources to delist from AIM in May as energy costs bite

W Resources PLC - tungsten, tin and gold mining and exploration company in Spain and Portugal - Plans to delist shares from trading on AIM market in London, effective from around May 24. Cites the "unprecedented difficult financial and operating circumstances in which the company finds itself" due to the recent rise in energy prices. Shares have been suspended from trading since the start of April, and W Resources says on Monday that Grant Thornton UK LLP has resigned as its nominated adviser and Alternative Resource Capital and Shard Capital as its brokers.

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5 Apr 2022 14:24

IN BRIEF: W Resources suspends shares due to cashflow uncertainty

W Resources PLC - tungsten, tin and gold mining and exploration company in Spain and Portugal - Suspends its shares from trading on the Alternative Investment Market. This follows the firm suspending its production at La Parilla mine in northwestern Spain due to parts shortages and cashflows uncertainty.

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18 Mar 2022 20:28

TRADING UPDATES: Elixirr buys in US; JPMorgan Russian wary of values

(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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18 Mar 2022 14:37

W Resources restarts La Parrilla after extended shutdown

(Sharecast News) - Portugal and Spain-focussed tungsten, tin and gold miner W Resources said on Friday that, following its maintenance shutdown, production at the La Parrilla mine in Spain had now restarted.

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2 Mar 2022 20:28

TRADING UPDATES: MediaZest virus hit; SpaceandPeople Network Rail deal

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

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2 Mar 2022 11:36

AIM WINNERS & LOSERS: Osirium wins contracts; musicMagpie flies lower

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

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24 Feb 2022 21:57

TRADING UPDATES: Enwell shuts down operations; i3 ups oil production

(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 Feb 2022 20:25

IN BRIEF: W Resources eyes fundraise early next week

W Resources PLC - tungsten, tin and gold mining and exploring company in Spain and Portugal - Says discussions regarding fundraise, which is expected to be in the form of debt, are at a "very advanced stage" and expects to complete the fund raise early next week.

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15 Feb 2022 14:44

IN BRIEF: W Resources shares down by a third as fundraise on horizon

W Resources PLC - tungsten, tin and gold mining and exploring company in Spain and Portugal - Says fourth quarter production at its La Parrilla mine of tungsten concentrate dropped 47% to 89.7 tonnes from 168.3 tonnes in the prior quarter, with the recovery rate dropping quarter-on-quarter to 31% from 58%. Says production was hit by limited access to medium and higher-grade ore caused by a two-week delay in blasting, as well as delays caused by heavy rainfall into the pit. Heavy rain also constrained crushed ore operations, but stockpile will resolve the issue.

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15 Feb 2022 10:42

AIM WINNERS & LOSERS: Eqtec up on Billingham deal; MySale tumbles

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

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5 Jan 2022 15:52

IN BRIEF: W Resources raises GBP830,000 amid lowered output guidance

IN BRIEF: W Resources raises GBP830,000 amid lowered output guidance

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5 Jan 2022 12:16

W Resources reports tough Q4, raises £0.83m to cover cash flow

(Sharecast News) - Spain and Portugal-focussed tungsten, tin and gold exploration and mining company W Resources updated the market on production at the La Parrilla tungsten and tin mine in Spain on Thursday, as it completed a £0.83m fundraise to relieve recent pressures on cash flow.

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15 Nov 2021 19:13

TRADING UPDATES: Kingswood buys wealth manager; Helios capacity grows

TRADING UPDATES: Kingswood buys wealth manager; Helios capacity grows

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