KARACHI: For the first time in the 73 year history of Pakistan Stock Exchange (PSX), a woman Chairperson has been elected on the Board of Directors. In the first meeting of the newly elected PSX Board held today, Dr. Shamshad Akhtar has been unanimously elected as the PSX Board Chairperson. This is a momentous occasion…
IDEX Biometrics & Chutian Dragon to develop Digital Currency for central bank in China
OSLO: IDEX Biometrics ASA and Chutian Dragon Co. Ltd. (CTD) announced an expansion of their ongoing collaboration to include the development of a Digital Currency/Electronic Payment (DC/EP) card based solution supporting the People’s Bank of China initiative. The new, smart card based digital wallet will be secured by IDEX’s TrustedBio(TM) fingerprint authentication technologies. IDEX is…
Playtech signs strategic software and services agreement with Holland Casino
LONDON: Playtech plc (LON: PTEC) has signed a new, expanded long-term strategic software and services agreement with Holland Casino. This agreement is a significant strategic step for Playtech and builds on its track record of developing newly regulated online markets. Holland Casino is the stated-owned, land-based casino operator in the Netherlands. It operates 14 casinos…
Financial penalty against Richard Jones
LONDON: The Financial Reporting Council (FRC) has imposed a Severe Reprimand and a financial penalty of £100,000 (reduced to £65,000 for mitigation and settlement), on Richard Jones, in respect of Misconduct relating to the actuarial advisory services he provided to the Coats Group plc (formerly known as Guinness Peat Group (GPG) during the period September…
H2 Green to supply green hydrogen to Element Two refuelling stations
LONDON: Getech Group’s (LON: GTC) subsidiary H2 Green Ltd has entered into a non-binding strategic agreement with Element Two Limited, the aim of which is to supply green hydrogen to their refuelling stations. Element Two is a UK-based developer of Hydrogen Refuelling Stations and a retailer of hydrogen fuel. The firm is investing in prime…
AEW UK REIT acquires Arrow Point Retail Park in Shrewsbury
LONDON: AEW UK REIT has acquired the 5.65 acre Arrow Point Retail Park in Shrewsbury for a purchase price of £8.35m. The established retail park is located on a busy commercial estate and is fully let. The purchase price reflects a low capital value of £88 per square foot (£1.48m per acre). The estate provides…
Edenville Energy announces new strategic investor and proposed placing of shares
LONDON: Edenville Energy Plc (LON: EDL) announced that Mr Anthony (Tony) Buckingham has agreed a £1.0 million strategic investment in the Company through the Placing of shares, giving him a shareholding of 18.5% of the Company’s issued share capital, as enlarged by the Placing. Mr Buckingham is well known in the natural resources market, particularly…
NeoGenomics Inc. acquires Inivata Limited
LONDON: Schroder UK Public Private Trust’s portfolio company Inivata Limited has been acquired by NeoGenomics Inc., a leading provider of cancer-focused genetic testing services and global oncology contract research services. The acquisition follows a $25 million minority equity investment by NeoGenomics in Inivata in May 2020, at which time NeoGenomics was granted a fixed price…
Athenex Inc. acquires IP Group’s portfolio company Kuur Therapeutics for $185 million
LONDON: IP Group plc (LON: IPO) announced that its portfolio company Kuur Therapeutics Ltd has been acquired by Athenex Inc., a global biopharmaceutical company, for a total potential consideration of $185 million. Under the terms of the agreement, Athenex will pay $70 million (£50 million*) upfront to Kuur shareholders and its former employees and directors,…
Knowit acquires Cybercom in a SEK 2.2 billion deal
STOCKHOLM: Knowit AB has acquired Cybercom Intressenter AB forming a unique customer offering within digital transformation with a strong position in the Nordic region, a news release said. Knowit’s established position in system solutions, management consulting and digital customer experiences is complemented by a fourth business area, Knowit Connectivity, with a focus on meeting the…
Acting CEO of Ayfie Group resigns
OSLO: The board of Ayfie Group AS announced that acting CEO Siw Ødegaard has notified the Company that she resigns from her positions. Siw Ødegaard, who also holds the position as CFO of the Company, has agreed with the board to be with Ayfie until 31 July 2021. “I have, after four years in Ayfie,…
FINEOS acquires Spraoi for up to $10.6 million
SYDNEY: FINEOS Corporation Holdings has entered into a binding agreement with DigIn Technologies LLC (Spraoi) to acquire 100% of Spraoi’s issued securities for an upfront cash payment of US$4 million (A$5.2 million), and an earnout of up to US$6.6 million (A$8.5 million) over three years subject to specific revenue hurdles being met. The acquisition will…