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De La Rue Appoints Clive Vacher CEO To Replace Martin Sutherland
KuShco Holdings Says Entered Distribution Agreement With De La Rue
Crystal Amber Fund Says NAV/Share Rose 1.8% To 249.1 Pence
De La Rue plc designs, manufactures and delivers banknotes to customers across the world. The Company's segments include Currency, Identity Solutions, and Product Authentication and Traceability. The Currency segment provides printed banknotes, banknote paper and polymer substrates and banknote security components. The Identity Solutions segment is involved in the provision of passport, e-passport, national identity (ID) and e-ID, driving license and voter registration schemes. The Product Authentication and Traceability segment produces security documents, including authentication labels, brand licensing products, government documents, checks and postage stamps. The Company manufactures banknote paper for use by commercial and state manufacturers. The Company is a producer of polymer substrate. It combines cash inspection and processing machines and software platforms to help inspect, count, sort and authenticate banknotes for central and commercial banks.
Viables, Jays Close
Non-Executive Chairman of the Board
Clive Graham Vacher
Chief Executive Officer, Executive Director
Chief Financial Officer, Executive Director
Chief Operating Officer
Edward H. D. Peppiatt
General Counsel, Company Secretary
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De La Rue <DLAR.L> has appointed turnaround specialist Clive Vacher as chief executive as the banknote and passport maker contends with a series of setbacks.
Banknote and passport printer De La Rue Plc on Monday named Clive Vacher as chief executive officer to replace Martin Sutherland, whose departure was announced in May after the company warned of a profit downturn for the year.
Banknote and passport printer De La Rue on Monday named software firm Micro Focus' Kevin Loosemore as chairman designate and said he will replace Philip Rogerson, who will retire after more than seven years in the role on Oct. 1.
Banknote and passport printer De La Rue on Monday appointed Micro Focus's Kevin Loosemore as chairman designate with immediate effect to replace Philip Rogerson, who will retire after more than seven years in the role.
The UK Serious Fraud Office (SFO) has opened a criminal investigation into passport and banknote printer De La Rue over "suspected corruption" in its business in South Sudan, sending its shares plunging to 16-year lows.
De La Rue said on Tuesday 171 jobs were at risk at its Gateshead plant, more than a year after the banknote and passport printer lost a 400 million pound ($509.08 million) contract to make UK passports in the traditional blue colour.
The Bank of England said on Tuesday it had awarded an eight-year contract to produce the polymer for a new plastic 50-pound banknote and future five and 10-pound notes to printers De La Rue of Britain and Australia's CCL Secure.
Banknote and passport printer De La Rue said its chief executive would quit as it warned on Thursday of a profit downturn this year, sending its shares down 29% to a near 15-year low.
Banknote and passports maker De La Rue Plc said on Thursday its Chief Executive Martin Sutherland would step down, after five years in the role.
Activist fund Crystal Amber raised its stake in British passport maker De La Rue Plc to 4.58 percent, a filing showed on Wednesday.
* Net debt at five-year low (Adds shares, analyst comment, CEO comment from call)
British banknotes and passports maker De La Rue said operating profit fell 11.2 percent, in line with its lowered guidance, after it lost a key contract to print UK post-Brexit passports and suffered delays in some other contracts.
* Crystal Amber's Richard Bernstein says met with De La Rue CEO
Activist Crystal Amber on Monday disclosed a 3.11 percent stake in De La Rue <DLAR.L>, the company that makes British passports, in a filing to the London Stock Exchange.
* Shares fall to 12-month low (Updates with confirmation of Gemalto's contract win)
De La Rue, the company that makes British passports, said on Wednesday it would not appeal against a decision to award the next contract to a foreign firm.
* Petition to stick with British company tops 270,000 (Adds government, union reaction)
Britain has given De La Rue <DLAR.L> an extra two weeks to challenge the decision to award the contract to make new, blue passports after Brexit to a European company.
Britain has given De La Rue an extra two weeks to challenge the decision to award the contract to make new, blue passports after Brexit to a European company.
British manufacturer De La Rue Plc said it will challenge a decision by Britain to award a contract to print the post-Brexit blue passports to a European company.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.