LONDON: Mercia Asset Management, the proactive, regionally focused specialist asset manager, confirmed that its portfolio company OXGENE, formally known as Oxford Genetics, has augmented its relationship with one of the world’s leading global life science companies, Abcam plc. This expanded agreement, which follows an earlier deal announced in August 2018, will see OXGENE deliver at…
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Workspace appoints Graham Clemett as Chief Executive Officer
LONDON: Workspace Plc has announced the appointment of Graham Clemett as Chief Executive Officer (CEO) with immediate effect. Graham has been serving as Interim CEO since June 2019, when his predecessor Jamie Hopkins stepped down. Graham has been with Workspace for over 12 years, having joined the Board as Finance Director in July 2007. Daniel…
Botswana Diamonds signs Marsfontein mining contract
DUBLIN: Botswana Diamonds announced that, together with its associate Vutomi, it has signed a contract mining and processing agreement with Eurafrican Diamond Corporation (EDC) to mine and process the diamond-bearing gravels and residual stockpiles on a portion of the Marsfontein farm. The agreement gives EDC a contract for the mining and processing of the identified…
Graham Wheeler appointed CEO of Advantage Finance
LONDON: S&U plc, the specialist motor finance and bridging lender, announces the appointment of Graham Wheeler as CEO of S&U’s market leading motor finance business, Advantage Finance. Graham joins the Company on 1st October 2019. Graham will take the reins at Advantage Finance from Guy Thompson, who is planning to retire in 2020. Guy was…
Tinkoff signs sponsorship contract with Russia’s top ranked tennis player Daniil Medvedev
MOSCOW: Daniil Medvedev, ranked as the top tennis player in Russia and #4 tennis player globally, and Tinkoff, the leading online financial ecosystem, announce the start of their partnership. Daniil Medvedev will participate in Tinkoff’s advertising and marketing campaigns and promotional events as its official brand ambassador. Tinkoff will be the first Russian company to…
Avation delivers ATR to US-Bangla Airlines
SINGAPORE: Avation Plc, the commercial passenger aircraft leasing company, announced that it has delivered a second new ATR 72-600 aircraft to the South Asian airline US-Bangla Airlines. The operating lease of this aircraft, with manufacturer’s serial number 1563, is at market rates. Avation’s Executive Chairman Jeff Chatfield said, “We are pleased to complete this second…
Wesfarmers completes acquisition of Kidman Resources
PERTH: Wesfarmers Limited has announced the implementation of the Scheme of Arrangement under which Wesfarmers Lithium Pty Ltd, a wholly owned subsidiary of Wesfarmers Limited, has acquired all of the issued ordinary shares in Kidman Resources. With the completion of the transaction, Wesfarmers holds a 50 percent interest in the Mt Holland lithium project based…
LCT to benefit from Semma Therapeutics acquisition by Vertex
AUCKLAND: Living Cells Technologies (LCT) holds 121,995 shares in Semma Therapeutics, worth an anticipated USD 838,105 which would be realised on Vertex Pharmaceuticals Incorporated completing its acquisition of Semma Therapeutics. The acquisition is anticipated to close in the fourth quarter of 2019, subject to certain conditions. Semma Therapeutics, a privately held biotechnology company pioneering the…
JCR withdraws application for additional marketing approval of TEMCELL
TOKYO: JCR Pharmaceuticals Co., Ltd. has withdrawn its application with the Ministry of Health, Labour and Welfare of Japan for additional marketing approval of TEMCELL HS Inj., allogeneic bone marrow-derived mesenchymal stem cells, for the indication of epidermolysis bullosa (EB). Following the filing of the application for EB in March 2019, JCR has had extensive…
One Media announces acquisition of music catalogue
LONDON: One Media iP Group, the digital media content provider that exploits intellectual property rights around music, video and copyright technology, has acquired the entire music catalogue to date of American composer and solo piano artist Philip Wesley, for a total cash consideration of US $4.15m, satisfied upon full execution of the agreement. An additional…
Velocys secures order for biorefinery licence in Japan
TOKYO: Velocys plc has secured a purchase order and technical service agreements with Toyo Engineering Corporation for the use of Velocys technology in a publicly funded demonstration facility in Nagoya, Japan, as well as an advanced deposit for the use of the Velocys technology by Toyo in a subsequent commercial plant. Toyo has placed an…
Spectrics agrees to sell BTG Group for €319 million
LONDON: Spectris plc, the productivity-enhancing instrumentation and controls company, has agreed with Voith GmbH & Co. KGaA for Voith to acquire BTG Group from Spectris for a total gross cash consideration of €319 million. The sale is in line with Spectris’ strategy to simplify and focus our portfolio and to concentrate on developing presence in…