logo-loader
viewDigitalbox

David Lenigas takes helm of Polemos

boardroom_350_515beb2b42590.jpg

AIM dealmaker David Lenigas has been appointed as executive chairman of Polemos (LON:PLMO), the shell company which was formerly PLUS Markets.

Along with the appointment, Polemos will adopt a strategy to create a new business that will seek investments in oil and gas royalty streams.

Lenigas is an experienced executive who was chairman of Africa focused conglomerate Lonrho for around six years, and currently serves as director or chairman of a number of other public companies, including AIM firms Fastjet (LON:FAST), Solo Oil (LON:SOLO) and Leni Gas & Oil (LON:LGO).

"Polemos Plc looks forward to David Lenigas taking the position of executive chairman of the company and the board intends to broaden its investment strategy by seeking investments in oil and gas royalty streams on a global basis,” said non-executive director Donald Strang.

“The board endeavours to turn this company around from the failings of the previous management."

 

Quick facts: Digitalbox

Price: 5.875 GBX

AIM:DBOX
Market: AIM
Market Cap: £4.82 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Digitalbox named herein, including the promotion by the Company of Digitalbox in any Content on the Site, the Company receives from said issuer...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Digitalbox PLC reports record traffic for its content after 'strong Q1 trading'

Digitalbox PLC's (LON:DBOX) James Carter tells Proactive London's Andrew Scott trading in the first quarter of 2020 was ahead of expectations and its Daily Mash website hit a record level of 1.9mln visits in the first week of the UK’s lockdown. Carter says the firm has £1mln of cash in the...

20 hours, 11 minutes ago

2 min read