LONDON, UK: Marston’s PLC today announced that Andrew Andrea has agreed with the Board that he will step down as Chief Executive Officer with immediate effect. He will, however, be available to the business for a period to ensure a smooth handover of responsibilities. The Board wishes to take this opportunity to express its gratitude…
Future Metals acquires 100% of Osprey Minerals Pty Ltd.
SYDNEY, AUSTRALIA: Future Metals NL (FME) has exercised its option to acquire 100% of Osprey Minerals Pty Ltd. Osprey shareholders will receive the upfront consideration of, in aggregate, 18,382,352 new FME shares within the next 5 business days. The shares are subject to a 6-month escrow period. The Company shall pay to Osprey shareholders deferred…
Alibaba’s restructuring plan hits a snag as cloud and grocery units shelve listing plans
Alibaba has scrapped its plans to list its cloud and grocery businesses separately, citing regulatory and market uncertainties. The Chinese ecommerce giant reported disappointing earnings on Thursday, with revenue missing expectations and net loss widening. Hong Kong stocks continued to lead declines in Asia-Pacific on Friday, as shares of Alibaba plunged in early trading, while…
Competition Commission reviews Viva Energy’s divestiture proposal for OTR acquisition
SYDNEY: Viva Energy (ASX: VEA) has presented a court-enforceable divestiture plan to the Australian Competition and Consumer Commission (ACCC) concerning its proposed acquisition of the OTR Group. The proposal aims to address competition concerns, with the ACCC assessing its effectiveness in preserving competition in the South Australian retail fuel market. Viva Energy to acquire OTR…
Ingenia CEO to step down after 14 years of transforming the company
SYDNEY, AUSTRALIA: Simon Owen, the Managing Director and Chief Executive Officer of Ingenia Communities Group (ASX:INA), has announced that he will leave his position in 2024. He has led the company for more than 14 years, during which he oversaw its growth from a $30 million market capitalisation to over $1.7 billion. Owen was the…
H.I.G. Capital reaches agreement to acquire DX Group for £314.8 million
LONDON, UK: Transit Bidco Limited, an indirectly wholly-owned subsidiary of funds advised or managed by H.I.G. Capital LLC reached agreement on the terms of a recommended cash acquisition to acquire DX Capital Group, according to a notice. Under the terms, each DX shareholders will be entitled to receive 48.5 pence/share valuing DX’s entire issued and…
Immervision welcomes new CEO Michel Van Maercke
MONTREAL: Immervision, a company that creates solutions that see beyond human vision, has announced the appointment of Michel Van Maercke as its new CEO, effective from November 20, 2023. Van Maercke will succeed Pascale Nini, who will become the Executive Chairwoman of the company. Pascale Nini, who has led Immervision for over 20 years, said…
Mark Willis appointed CEO of Keller Williams
TEXAS: Keller Williams (KW), the global leader in residential real estate franchising based on agent count, has announced the immediate appointment of Mark Willis as CEO. Gary Keller, Co-founder, and Executive Chairman of KW expressed enthusiasm about the leadership change, stating, “We are excited to announce that Mark Willis has joined our leadership team as…
Karoon Energy to acquire 30% interest in Who Dat and Dome Patrol fields for $720mn
SYDNEY, AUSTRALIA: Karoon Energy Limited has entered into binding arrangements to acquire a 30% interest in the Who Dat and Dome Patrol fields and associated infrastructure, including the Who Dat Floating Production System (FPS), plus a 16% interest in the Abilene field, from LLOG Exploration Offshore, L.L.C. and LLOG Omega Holdings, L.L.C. (collectively, LLOG). In…
Andrada Mining secures $25 million funding package from Orion
LONDON, UK: Andrada Mining Limited, a metals and mining company with operations in Namibia, has announced the receipt of USD 25 million from Orion Resource Partners, a global resource funding partner. The funding package consists of a tin royalty, an equity subscription, and a convertible loan note, as well as warrants to acquire shares in…
Martin Murphy to step down as Chair of Syncona Investment Management Limited
LONDON, UK: Syncona Ltd announced that Martin Murphy is stepping down as Chair of Syncona Investment Management Limited (SIML) with Chris Hollowood taking on the role of Interim Chair and Chief Executive Officer (CEO) of SIML. Martin will continue to represent Syncona on the Boards of Autolus, Anaveon and Clade. Martin co-founded Syncona with the…
Mirriad signs agreement with a top three entertainment network in the US
LONDON, UK: Mirriad Advertising Plc, the leading in-content advertising company, has entered a master license and services agreement with one of the world’s leading multinational mass media entertainment companies to employ its platform to identify virtual product placement opportunities and introduce in-content advertising into the Partner Company’s content. The Agreement brings Mirriad’s AI-powered virtual in-content…