Key Developments: Neos Resources PLC (NEOS.L)
20 Dec 2013
Latest Key Developments (Source: Significant Developments)
Neos Resources PLC announced that Steven Rudofsky, Executive Chairman, and Graham Woolfman, Non-Executive Director, will resign from the Board on March 29, 2013. Effective from that date, Michael Moquette will assume the role of Non-Executive Chairman, Nicholas Myerson will become Chief Executive Officer and Ravi Jose will become Chief Operating Officer. Peter Harvey, Interim Chief Financial Officer, will also leave the Company with effect from April 19, 2013 and a further announcement about his replacement will be made in due course. Full Article
Neos Resources PLC announced the appointment of Peter Harvey FCA as interim Chief Financial Officer, a non-board position, with immediate effect. Full Article
Neos Resources PLC announced that it has been notified by John and Renate Gunn that on October 4, 2012 they purchased 1,000,000 Ordinary Shares of the Company at 0.5p. Following the purchase of these shares John and Renate Gunn have a beneficial interest in 7,300,411 Ordinary shares in Neos which represents 4.09% of the issued share capital of the Company. Full Article
Neos Resources PLC Announces Sale Of Intellectual Property And Cumulative Redeemable Preference Shares To Quinvita N.V.
Neos Resources PLC announced that with reference to the announcement earlier, the Company announced that it has entered into a conditional agreement to sell to Quinvita N.V. the germplasm and intellectual property relating to the animal feed programme previously retained by the Company for a cash consideration of EUR300,000 and the Preference Shares in return for a secured loan of EUR372,000, accruing interest at 10%. per annum (Agreement). The loan is to be secured over the germplasm and the animal feed programme intellectual property and is repayable within five years. NEOS will however retain the right to exploit in perpetuity at nil cost the current animal feed programme intellectual property and, at a preferential rate, any future improvements or modifications to the current animal feed programme intellectual property. Completion of the Agreement is conditional upon Quinvita N.V., a subsidiary of Quinvita, concluding a share issue to raise EUR1,000,000 by no later than June 1, 2012 Full Article