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Pin to quick picksZambeef Prod. Share News (ZAM)

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Share Price: 5.75
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EXECUTIVE CHANGES: Marlowe Poaches From Fullers; RM Promotes To CEO

Fri, 26th Feb 2021 17:14

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

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Marlowe PLC - London-based safety and compliance services and software - Hires Adam Councell as chief financial officer. Councell is finance director of pub and hotel chain Fuller, Smith & Turner PLC. Fullers says that Councell will stay on the board as finance director until a successor has been found and that a search is underway. Marlowe says Councell will join in the second half of its 2022 financial year, meaning October 2021 to March 2022. Councell was CFO at document management company Restore PLC, where he worked with Marlowe Chief Executive Alex Dacre. Prior to that, he was with pest control firm Rentokil Initial PLC. At Marlowe, Councell will replace Mark Adams, who is retiring.

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RM PLC - Abingdon, England-based provider of technology and resources to education sector - Promotes CFO Neil Martin to CEO, replacing David Brooks from Monday. Martin has been RM's CFO for five years. Mark Berry, who was CFO of estate agent Foxtons PLC, will join as interim CFO early next month until a permanent successor is found.

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Danakali Ltd - developing Colluli sulphate of potash project in Eritrea - Non-Executive Chair Seamus Cornelius moves to executive chair, as the role of CEO Niels Wage is made redundant and board members take a 33% cut in fees. Danakali says the board size will be reduced at its annual general meeting in the second quarter. Cites the "ongoing serious disruption to international travel caused by the Covid-19 pandemic", saying the changes will reduce operating costs.

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Universe Group PLC - Southampton, Hampshire-based retail management, payment and loyalty systems - CEO Jeremy Lewis will leave on April 30 "to pursue other opportunities outside of the public markets", after seven years with Universe. Says in discussions for a successor. Non-Executive Chair Andrew Blazye moves to executive chair, effective immediately, while Ivan Brooks takes on the new position of chief operations officer on an interim basis.

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Schroder UK Public Private Trust PLC - formerly Woodford Patient Capital Trust, invests in both listed and private UK companies - Hires Tim Edwards as an independent non-executive director, effective immediately, with the intention that he will replace retiring Susan Searle as chair at the next annual general meeting. Edwards is a chartered accountant who is an independent non-executive director of currency manager Record PLC, among other roles.

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Tissue Regenix Group PLC - Leeds-based medical devices for regenerative medicine - Confirms Interim Non-Executive Chair Jonathan Glenn as permanent chair, effective immediately. Glenn joined Tissue Regenix at the start of 2016 and was made interim chair back in March of last year.

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Arix Bioscience PLC - venture capital investment in biotech firms - Hires James Noble and Axel Wieandt as non-executive directors, starting April 1. Noble is lead independent director of former London-listing GW Pharmaceuticals, chair of Stockholm-listed Orexo AG, and a director of Nasdaq-listed Adaptimmune Therapeutics PLC, where he previously was CEO. Wieandt worked at Morgan Stanley and then Deutsche Bank AG, where he was head of Corporate Development and global head of Corporate Investments. He also was CEO of Hypo Real Estate. Meanwhile, Mark Breuer steps down from the Arix board on April 1, and Arix promotes Giles Kerr to senior independent director, effective immediately.

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Emis Group PLC - healthcare software - Hires Jayaprakasa Rangaswami as independent non-executive director, starting on Monday. Rangaswami is currently a non-executive director of publisher Daily Mail & General Trust PLC and insurer Admiral Group PLC. As an executive, he was chief data officer and head of innovation at Deutsche Bank AG.

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Zambeef Products PLC - Lusaka, Zambia-based beef producer - David Osborne steps down as director on Sunday following his retirement from shareholder CDC Group PLC.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
23 Apr 2024 16:11

Zambeef expects annual profit and revenue to fall below expectations

(Alliance News) - Zambeef Products PLC on Tuesday said it will not meet profit and revenue market expectations for its financial year ending September 30.

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9 Apr 2024 12:16

Zambeef appoints interim chair following death of Michael Mundashi

(Alliance News) - Zambeef Products PLC on Tuesday said it has appointed Monica Musonda as interim chair following the death of Michael Mundashi last month.

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28 Mar 2024 14:28

TRADING UPDATES: Baron Oil surrenders licence; DG Innovate proposes JV

(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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22 Dec 2023 15:50

UK shareholder meetings calendar - next 7 days

Monday 25 December 
no events scheduled 
Tuesday 26 December 
no events scheduled 
Wednesday 27 December 
Tremor International LtdAGM
Thursday 28 December 
ADVFN PLCAGM
Altona Rare Earths PLCAGM
Beximco Pharmaceuticals LtdAGM
Global Petroleum LtdAGM
Visum Technologies PLCAGM
Friday 29 December 
Apollon Formularies PLCAGM
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Genedrive PLCAGM
Goldplat PLCAGM
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Marula Mining PLCAGM
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Online Blockchain PLCAGM
Secure Property Development & Investment PLCAGM
SkinBioTherapeutics PLCAGM
Tetragon Financial Group LtdAGM
Woodbois LtdAGM
Zambeef Products PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

Read more
7 Dec 2023 18:02

IN BRIEF: Zambeef Products profit surges despite tough environment

Zambeef Products PLC - Lusaka-based cold chain foods and retail business with operations in Zambia, Nigeria and Ghana - For the financial year ended September 30, reports revenue of ZMW6.05 billion, about USD331.5 million, up from ZMW5.39 billion a year earlier. Pretax profit surges to GBP203.7 million from GBP55.2 million.

Read more
4 Dec 2023 10:58

Zambeef reiterates FY guidance, EPS surges

(Sharecast News) - Zambian beef producer Zambeef reiterated full-year guidance on Monday as it said basic earnings per share were expected to have surged 272% year-on-year in USD terms and 306% in Kwacha.

Read more
7 Nov 2023 17:47

TRADING: Zambeef sees profit above market views; Luceco trades in line

(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:

Read more
21 Sep 2023 19:04

TRADING UPDATES: Zambeef to rationalise in Zambia; Nucleus owns Curtis

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

Read more
30 Jun 2023 14:36

IN BRIEF: Zambeef Products shares down as interim loss widens

Zambeef Products PLC - Lusaka-based cold chain foods and retail business with operations in Zambia, Nigeria and Ghana - Posts revenue of USD158,738 for year ended on March 31, up 7.2% from USD148,136 the year before. Says the half-year is characterised by a difficult trading environment due to "constricted consumer spending amidst a tight monetary policy". However, pretax profit is down 75% to USD2.5 million from USD9.9 million, as operating profit is down 58% to USD5.7 million from USD13.3 million the year before. Posts expenses classified as "other" at USD2.7 million, compared to "other" income of USD228,000 a year ago.

Read more
9 Jun 2023 14:22

IN BRIEF: Zambeef Products expects half-year earnings to fall

Zambeef Products PLC - Lusaka-based cold chain foods and retail business with operations in Zambia, Nigeria and Ghana - Says total basic earnings per share for the financial half-year that ended March 31 is expected to be significantly lower than a year prior. EPS for all of financial 2022 was ZMW9.70, down from ZMW56.17 in financial 2021. Zambeef said it expects basic EPS to be down 113% in local currency and 112% in dollars, suggesting it expects to swing to loss in the half-year.

Read more
7 Jun 2023 08:59

IN BRIEF: Zambeef demand grows but rising prices add pressure

Zambeef Products PLC - Lusaka, Zambia-based cold chain foods and retail business with operations in Zambia, Nigeria and Ghana - Says product demand has increased with volume growth across most categories during half year ended March 31, supported by price moderation strategy. Gross margins adversely impacted by lower than expected selling prices and higher input costs, including increased genset diesel costs in the first quarter of 2023. Cropping division was hurt by the price of soya beans decreasing 71%; this was exacerbated by reduced yields but partially offset by higher maize price. However the higher maize price put additional pressure on stock feed margins.

Read more
20 Dec 2022 15:49

UK shareholder meetings calendar - next 7 days

Wednesday 21 December 
7digital Group PLCAGM
BATM Advanced Communnications LtdAGM
dotdigital Group PLCAGM
Northamber PLCAGM
Parkmead Group PLCAGM
Windar Photonics PLCAGM
Thursday 22 December 
Beeks Financial Cloud Group PLCAGM
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Corcel PLCAGM
Gulf Investment Fund PLCAGM
SolGold PLCAGM
Friday 23 December 
Plexus Holdings PLCAGM
Wildcat Petroleum PLCAGM
Monday 26 December 
no events scheduled 
Tuesday 27 December 
Zambeef Products PLCAGM
  
Copyright 2022 Alliance News Ltd. All Rights Reserved.

Read more
5 Dec 2022 16:56

IN BRIEF: Zambeef's annual profit falls despite revenue rise

Zambeef Products PLC - cold chain foods and retail business with operations in Zambia, Nigeria and Ghana - Reports pretax profit of ZMW55.1 million in the year ended September 30, or around GBP2.6 million. This represents a 68% decline against the ZMW172.0 million profit achieved the year prior. Zambeef books a goodwill impairment of ZMW141.8 million on the fair value of Zamchick Ltd, a chicken abattoir, in the year. Adjusting for this non-cash impairment, Zambeef's pretax profit rose to ZMW197 million. Annual revenue rises 8.5% to ZAR5.39 billion from ZMW4.97 billion.

Read more
1 Dec 2022 14:31

TRADING UPDATES: Field Systems widens interim loss due to Covid impact

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

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30 Nov 2022 17:06

Zambeef Products earnings per share to take hit as Zamchick impaired

(Alliance News) - Zambeef Products PLC said on Wednesday that earnings per share will suffer as the company's poultry distributor Zamchick is predicted to be impaired.

Read more

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