CEO's On the Move
Global Sources Appoints Craig Pepples as CEO
Global Sources Ltd.
:NASDAQ) Global Sources has appointed Craig Pepples as the CEO of the company effective January 1, 2017. Mr. Pepples was named Deputy CEO with effect on October 1, 2016, following the announcement that Mr. Spenser Au would retire from Global Sources at the end of 2016.
Upcoming Board Meetings
December 8, 2016
Avanti Feeds Ltd., Board Meeting, Dec 08, 2016.
Avanti Feeds Limited Key Board Members
Chairman, Managing Director, Chairman of Corporate Social Responsibility Committee, C...
Joint Managing Director, Chief Financial Officer, Compliance Officer, Company Secreta...
Non Executive Independent Director, Chairman of Audit Committee, Chairman of Nominati...
Byco Petroleum Pakistan Limited Announces Resignation of Muhammad Raza Hasnani as a Director
Muhammad Raza Hasnani, has resigned as a director of the Byco Petroleum Pakistan Limited as of November 21, 2016.
Zyber Holdings Limited Announces Management Changes
Zyber Holdings Limited announced the resignation of Mr. Ben Daly as CEO and Mr. Jason Tomkinson will step down from his role as an executive director and will move to a non-executive role effective immediately.
Private & Commercial Finance Group plc Announces Unaudited Group Earnings Results for the Twelve Months Ended September 30, 2016; Recommends Dividend for the Year 2016, Payable on 13 April 2017; Announces Executive Changes
Private & Commercial Finance Group plc announced unaudited group earnings results for the twelve months ended September 30, 2016. For the period, the company reported group turnover of GBP 55,768,000 against GBP 48,408,000 a year ago. Operating profit was GBP 8,576,000 against GBP 7,710,000 a year ago. Profit on ordinary activities before taxation was GBP 3,602,000 against GBP 2,807,000 a year ago. Profit on ordinary activities after taxation was GBP 2,801,000 against GBP 2,188,000 a year ago. Profit for the period attributable to equity holders was GBP 2,801,000 against GBP 2,188,000 a year ago. Earnings per 5 pence ordinary share-diluted were 1.8 pence against 1.6 pence a year ago. Net cash flows used in operating activities was GBP 9,812,000 against GBP 10,701,000 a year ago. Purchase of property, plant and equipment was GBP 86,000 against GBP 84,000 a year ago. Purchase of other intangible assets was GBP 88,000 against GBP 71,000 a year ago. Return on average assets ('ROAA') increased by 51% to 3.1% from 2.7% a year ago. Fully diluted after tax return on equity ('ROE') was stable at 13.0% to 14.0% from 12.9% a year ago.
The company announced that it is recommending a dividend of 0.1 pence per share with an intention to adopt a progressive dividend policy while maintaining a conservative cover ratio in the early years of the bank. Subject to approval by shareholders at the annual general meeting on 10 March 2017, this dividend will be paid on 13 April 2017 to shareholders on the register on 24 March 2017 and a scrip alternative will be made available.
The company announced that D G Anthony to step down as Chairman. Tim Franklin, who was appointed a director on 6 December 2016, will be assuming the role of Chairman. Tim has over 30 years' experience in financial services businesses in both director and non-executive roles. His career experience, working for both building societies and banks, leaves him ideally placed for the position.