Melbourne, Australia: Marley Spoon, a global leader in subscription-based meal kits, has announced the appointment of Daniel Raab as its new Chief Operating Officer (COO) and the extension of Fabian Siegel’s contract as Chairman of the Management Board and Chief Executive Officer (CEO) until 2028. Raab has extensive experience in e-commerce, retail and distribution, having…
Why Lawyers Are the First Line of Defense Against Corporate Fraud
Corporate fraud represents a serious threat to the stability and integrity of any organization. These fraudulent behaviors can range from embezzlement of funds, and manipulation of financial data, to intricate Ponzi schemes. The fallout of such activities is often widespread, affecting not just the companies involved but also shareholders, employees, and the wider economy. Over…
WANdisco plc rebrands as Cirata plc
LONDON, UK: WANdisco plc (LSE: WAND) has rebranded as Cirata plc. It is anticipated that from 5 October 2023 (or as soon as possible thereafter), the Company’s shares will be trading under the ticker CRTA. A separate notification will be issued to confirm the date of ticker change. The ISIN will remain unchanged. As announced…
Landore Resources Canada to sell its interest in lithium claim blocks to GT1
LONDON, UK: Landore Resources Canada Inc. has executed a sale and purchase agreement to dispose of its 100 per cent interest in certain tenements which contain Lithium prospects, located within the Junior Lake Project to ASX-listed Green Technology Metals Limited (GT1). On 6 March 2023, Landore Resources announced that Landore Canada had entered into an…
Kibo Energy signs deal to sell its remaining 35% shares in Kibo Botswana
LONDON, UK: Kibo Energy, the renewable energy-focused development company, announced that pursuant to the company’s declared strategy to divest of all its coal assets, Kibo has entered into a definitive share sale agreement with Shumba Energy (Pty) Ltd for the sale of the company’s remaining 35% equity holding in Kibo Energy Botswana in which Kibo…
India’s Reliance buys Superdry’s intellectual property assets for £40 million
LONDON, UK: Superdry plc has signed an IP joint venture agreement with Reliance Brands Holding UK Ltd (RBUK), and agreements for the sale of Superdry’s intellectual property assets, including the SUPERDRY brand and related trademarks in India, Sri Lanka, and Bangladesh to the joint venture vehicle. RBUK and Superdry will own 76% and 24% of…
Henderson High Income Trust agree to takeover Henderson Diversified Income Trust
LONDON, UK: The Board of Henderson High Income Trust plc (HHI) has agreed heads of terms with the Board of Henderson Diversified Income Trust plc (HDIV) in respect of a proposed combination of HDIV with HHI. The combination, if approved by each company’s shareholders, will be effected by way of a scheme of reconstruction and…
Computershare to sell U.S. mortgage services for $720 million
SYDNEY, AUSTRALIA: Computershare, a share registry company, has agreed to sell its U.S. mortgage services business to Rithm Capital, an asset manager, for $720 million. The deal will allow Computershare to focus on its core businesses, which have higher returns and lower capital intensity. Rithm Capital will acquire Specialised Loan Servicing (SLS), a mortgage subservicer…
RWS Holdings acquires Cape town-based ST Communications
LONDON, UK: RWS Holdings plc announced the establishment of a presence in Africa through the acquisition of STComms Language Specialists Proprietary Limited (ST Communications), a Cape Town-based language services provider. This marks a milestone for RWS, enabling clients to further their reach into the African market with locally-based talent and linguistic expertise across 40+ African…
Noatum announces the acquisition of Sesé’s Finished Vehicles Logistics
ABU DHABI, UAE: AD Ports Group announced that Noatum, which now leads its Logistics Cluster operations, has signed the agreement for the acquisition of the 100% equity ownership of Sesé Auto Logistics, the Finished Vehicles Logistics (FVL) business of Grupo Logístico Sesé, for a total purchase consideration (Enterprise Value – EV) of EUR 81 million….
GULFNAV submits proposal to acquire Brooge Petroleum and Gas Investment Company
DUBAI, UAE: Gulf Navigation Holding (GULFNAV) has submitted a formal proposal to fully acquire Brooge Petroleum and Gas Investment Company (BPGIC) from Brooge Energy Limited (BEL), a Leading Oil Refinery & Storage Company Listed on NASDAQ. GULFNAV stated that this proposed acquisition will be funded through a combination of cash and shares in GULFNAV. The…
QinetiQ $84m wins contract for delivery of Next Generation Bomb Suits for US Army
LONDON, UK: QinetiQ Group plc has been awarded a 5-year $84 million contract in the US for the testing and production of the Next Generation Advanced Bomb Suit (NGABS). The NGABS contract is a Program of Record where QinetiQ will deliver over 700 NGAB suits to the US Army. The new suit will replace the…