LONDON: nmcn Plc has announced that Lee Marks will join as a Director and Chief Executive Officer (CEO) of the Company with effect from 17 May 2021. nmcn Plc is a leading engineering and construction company in the UK. Its talented 1,700 strong workforce offers multi-sector engineering and construction skills, technical innovation, design and specialist…
Vitec Group announces acquisitions of Lightstream and Quasar for a total of $42 million
LONDON: The Vitec Group plc, the international provider of premium branded hardware products and software solutions to the growing content creation market, announces two acquisitions and a brief update on the Group’s Q1 2021 trading and outlook. · Agreed the acquisition of Lightstream, for an expected total cost of $35.9 million (£26.0 million) in cash…
Elixirr International acquires The Retearn Group Limited for £7.0 million
LONDON: Elixirr International plc announced the acquisition of the entire issued share capital of procurement and transformation firm, The Retearn Group Limited for a maximum total consideration payable of approximately £7.0 million plus an additional cash payment based on working capital at completion. The maximum total consideration payable is £7.0 million. This consists of initial…
GeoJunxion CEO Thierry Jaccoud resigns
AMSTERDAM: GeoJunxion announced today that its CEO, Thierry Jaccoud will resign at the end of May 2021. Thierry Jaccoud, CEO and Managing Director of GeoJunxion N.V., has decided to resign from both roles at the end of May 2021 for personal and family related reasons. Ivo Vleeschouwers, CFO, will take over the CEO function starting…
Cellectis S.A. sells $47 million worth of American Depositary Shares
NEW YORK: Cellectis S.A. has completed sales of approximately $47 million of American Depositary Shares (ADS) pursuant to the Company’s ATM program established on March 29, 2021, through Jefferies LLC, acting as sales agent. Each ADS represents one ordinary share of the company. In the ATM Sales, an aggregate of 2,415,630 new ADSs and the…
TUI launches €350 million convertible bonds offering
LONDON: The Management Board of TUI AG will launch an offering of senior unsecured bonds convertible as per their terms and conditions due 2028 in an aggregate principal amount of approx. €350 million with the option to increase the issuance volume to € 400 million. The Bonds will be convertible into new and/or existing no-par…
Flyr starts ticket sales at the end of May, first flight goes to Tromsø on June 30
OSLO: The airline Flyr will start selling tickets at the end of May and the company’s very first flight will go to Tromsø on the 30th of June. The start-up date is adapted to meet the government’s plan for the reopening of Norway. “The government’s reopening plan gives us at Flyr the predictability we need…
Schroder UK sells its stake in Kymab Group to Sanofi for $82 million
LONDON: Schroder UK Public Private Trust (SUPP) has sold of its shares in Kymab Group Ltd. to Sanofi against initial proceeds of approximately US$82 million. Furthermore, the SUPP has the potential for additional contingent payments of up to US$33 million subject to a deferred purchase price release and Kymab achieving certain development and regulatory milestones….
Giorgio Bonfanti appointed CFO at Directa Plus
LONDON: Directa Plus announced the appointment of a new Chief Financial Officer, Mr Giorgio Bonfanti, who will be taking up his new position on 31 May 2021. It is intended that Mr Bonfanti will join the board of directors in due course, and further announcements in this regard will be made at the appropriate time….
Zap-Map commercial partnership with Fleetcor UK & Good Energy further strategic investment
LONDON: Good Energy Group has made a further £1m strategic investment via a convertible loan note into Zap-Map’s parent company Next Green Car Ltd (NGCL). Zap-Map is the UK’s leading Electric Vehicle mapping service and the investment will fund the next stage of growth and scale commercial opportunities. Following the release of the EV payment…
Rio Tinto signs agreement with Turquoise Hill Resources on financing plan for Oyu Tolgoi
LONDON: Rio Tinto has entered into a binding Heads of Agreement (HoA) with Turquoise Hill Resources (TRQ) for an updated funding plan for the completion of the Oyu Tolgoi (OT) Underground Project in Mongolia. The Funding Plan addresses the estimated remaining known funding requirement of approximately $2.3 billion building on and replacing the arrangements established…
Next Fifteen Communications acquires Shopper Media Group and subsidiaries for £15.7 million
LONDON: Next Fifteen Communications Group announced the acquisition of the entire issued share capital of data-led business Shopper Media Group Ltd and its subsidiaries, Capture Marketing Ltd, Lobster Agency Ltd and Threefold Agency Ltd, a news release said. The initial consideration for the acquisition is approximately £15.7 million, of which approximately £11.8 million is to…