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De La Rue PLC (DLAR.L)

DLAR.L on London Stock Exchange

202.00GBp
22 Oct 2019
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194,549
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Latest Key Developments (Source: Significant Developments)

De La Rue Appoints Clive Vacher CEO To Replace Martin Sutherland
Monday, 7 Oct 2019 

Oct 7 (Reuters) - De La Rue PLC ::APPOINTMENT OF CLIVE VACHER AS CHIEF EXECUTIVE OFFICER AND AN EXECUTIVE DIRECTOR WITH EFFECT FROM 7 OCTOBER 2019.MARTIN SUTHERLAND STANDS DOWN AS CHIEF EXECUTIVE OFFICER AND AS A DIRECTOR OF COMPANY, HAVING COMPLETED AN ORDERLY HANDOVER.WILL CONTINUE WITH PROPOSED REORGANISATION OF BUSINESS INTO TWO DIVISIONS.OPERATING MODEL IS BEING REALIGNED TO FOCUS ON TWO BUSINESSES, CURRENCY AND AUTHENTICATION.TO COMPLETE CHANGES TO BOARD, ANDY STEVENS, SENIOR INDEPENDENT DIRECTOR, AGREED TO STEP DOWN EARLIER THAN PREVIOUSLY ANNOUNCED.NEW DIVISIONS WILL BE LED BY RUTH EULING, MANAGING DIRECTOR, CURRENCY AND ANDREW CLINT, MANAGING DIRECTOR, AUTHENTICATION.  Full Article

KuShco Holdings Says Entered Distribution Agreement With De La Rue
Tuesday, 17 Sep 2019 

Sept 17 (Reuters) - KushCo Holdings ::ENTERED AN EXCLUSIVE DISTRIBUTION AGREEMENT WITH DE LA RUE.VIA DEAL, CO WILL OFFER STANDARD, CUSTOM BRANDED ANTI-COUNTERFEIT SECURITY LABELS TO CANNABIS AND CBD INDUSTRIES.  Full Article

Crystal Amber Fund Says NAV/Share Rose 1.8% To 249.1 Pence
Friday, 13 Sep 2019 

Sept 13 (Reuters) - Crystal Amber Fund Ltd ::NET ASSET VALUE PER SHARE ROSE BY 1.8% TO 249.12P (244.62P AT 30 JUNE 2018, 221.67P AT 31 DECEMBER 2018).PERIOD WAS DOMINATED BY UNCERTAINTY AROUND BREXIT. EQUITIES MOVED SIDEWAYS AS DEAL ACTIVITY REDUCED AND CONSUMER CONFIDENCE WEAKENED.INTERNATIONAL INVESTORS HAVE REDUCED THEIR EXPOSURE TO UK ASSETS TO HISTORICALLY LOW LEVELS."PROGRESS HAS BEEN FRUSTRATING IN SOME AREAS, SUCH AS DE LA RUE AND NORTHGATE".  Full Article

Brandes Investment Partners Discloses 11.00% Stake As Of June 25 In De La Rue - Filing
Monday, 2 Sep 2019 

Sept 2 (Reuters) - De La Rue PLC ::BRANDES INVESTMENT PARTNERS DISCLOSES 11.00% STAKE AS OF JUNE 25 VERSUS PRIOR STAKE OF 10.02% IN DE LA RUE - FILING.  Full Article

De La Rue PLC Appoints Kevin Loosemore As Chairman Designate
Monday, 2 Sep 2019 

Sept 2 (Reuters) - De La Rue PLC ::DE LA RUE APPOINTS NEW CHAIRMAN.APPOINTMENT OF KEVIN LOOSEMORE AS A NON-EXECUTIVE DIRECTOR AND CHAIRMAN DESIGNATE WITH EFFECT FROM 2 SEPTEMBER 2019.PHILIP ROGERSON HAS INFORMED BOARD THAT HE WILL RETIRE AS CHAIRMAN AND AS A NON-EXECUTIVE DIRECTOR ON 1 OCTOBER 2019.KEVIN WILL SUCCEED PHILIP AS CHAIRMAN ON HIS RETIREMENT.  Full Article

De La Rue Says Expectations For 2019/20 Remain Unchanged
Thursday, 25 Jul 2019 

July 25 (Reuters) - De La Rue PLC ::DE LA RUE PLC - BOARD'S EXPECTATIONS FOR 2019/20 REMAIN UNCHANGED FROM FULL YEAR RESULTS STATEMENT ISSUED ON 30 MAY 2019..DE LA RUE PLC - GROUP'S PERFORMANCE IS EXPECTED TO BE HEAVILY WEIGHTED TOWARDS SECOND HALF OF YEAR..  Full Article

UK's SFO Confirms De La Rue Probe Over 'suspected Corruption' In South Sudan
Tuesday, 23 Jul 2019 

July 23 (Reuters) - UK's SFO:UK'S SFO- CONFIRMS IT HAS OPENED AN INVESTIGATION INTO ACTIVITIES OF DE LA RUE, ASSOCIATED PERSONS IN RELATION TO SUSPECTED CORRUPTION IN SOUTH SUDAN.  Full Article

De La Rue Recommends Shareholders Vote For Re-Electing Chairman At AGM
Wednesday, 17 Jul 2019 

July 17 (Reuters) - De La Rue PLC ::RESPONSE TO CRYSTAL AMBER STATEMENT.NOTES ANNOUNCEMENT MADE TODAY BY CRYSTAL AMBER FUND.SENIOR DE LA RUE MANAGEMENT HAS HAD VERY SIGNIFICANT LEVELS OF INTERACTION WITH CRYSTAL AMBER SINCE CRYSTAL AMBER BECAME A SHAREHOLDER.BELIEVES CRYSTAL AMBER PROPOSAL IS "NOT IN BEST INTERESTS OF COMPANY".CONSIDERED VERY CAREFULLY CRYSTAL AMBER'S VARIOUS STRATEGIC PROPOSALS.BOARD UNANIMOUSLY RECOMMENDS THAT SHAREHOLDERS VOTE FOR ALL RESOLUTIONS AT AGM, INCLUDING RE-ELECTION OF CHAIRMAN.UNANIMOUSLY RECOMMENDS THAT SHAREHOLDERS VOTE FOR ALL RESOLUTIONS AT AGM, INCLUDING RE-ELECTION OF CHAIRMAN.NOTES THAT FOLLOWING INTRODUCTION TO A POTENTIAL ACQUIRER FACILITATED BY CRYSTAL AMBER OTHER PARTY DID NOT RESPOND.IN ADDITION TWO SUGGESTED ACQUISITION TARGETS WERE ASSESSED BY CO, BUT IN EACH CASE CO CONCLUDED THAT THEY WERE OF NO STRATEGIC MERIT.IF ANY SHAREHOLDER WISH TO NOMINATE CANDIDATES FOR POSITIONS FOR WHICH SUCCESSOR BEING SOUGHT, WOULD INCLUDE CANDIDATES IN FORMAL PROCESS.CHAIRMAN, SENIOR REPRESENTATIVES OF CO HELD 10 MEETINGS WITH CRYSTAL AMBER AND HAD OVER 30 EMAIL EXCHANGES WITH CRYSTAL AMBER.NOTES ANNOUNCEMENT BY CRYSTAL AMBER FUND PROPOSING THAT DE LA RUE'S CHAIRMAN PHILIP ROGERSON DOES NOT SEEK RE-ELECTION AT AGM.  Full Article

Fund Piles Pressure On De La Rue With Threat To Oust Chair - Sky News
Tuesday, 16 Jul 2019 

July 16 (Reuters) - :FUND PILES PRESSURE ON DE LA RUE WITH THREAT TO OUST CHAIR - SKY NEWS.CRYSTAL AMBER HAS TOLD ‎DE LA RUE IT WILL CALL AN EGM UNLESS PHILIP ROGERSON QUITS THIS MONTH- SKY NEWS.  Full Article

De La Rue Sells International Identity Solutions Business To HID Corp For 42 Mln Pounds
Wednesday, 12 Jun 2019 

June 12 (Reuters) - De La Rue PLC ::SALE OF INTERNATIONAL IDENTITY SOLUTIONS BUSINESS.PROPOSED DEAL FOR CASH CONSIDERATION OF £42M.SALE PROCEEDS WILL STRENGTHEN GROUP'S BALANCE SHEET.TRANSACTION IS EXPECTED TO COMPLETE WITHIN THIS CALENDAR YEAR.UK PASSPORT CONTRACT IS OUTSIDE SCOPE OF AGREEMENT.AGREEMENT ALSO INCLUDES DE LA RUE PROVIDING PRINTING SERVICES TO HID GLOBAL UNTIL MARCH 2022.  Full Article

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Passport maker De La Rue flies in turnaround specialist

De La Rue has appointed turnaround specialist Clive Vacher as chief executive as the banknote and passport maker contends with a series of setbacks.