LGO jumps 40% on new CEO & name change; Flowgroup slides after capital fundraising announcement

Energy boost: LGO Energy PLC was a strong performer on news of a relaunch, with a new chief executive appointment and a name change

By JON HOPKINS AT PROACTIVE INVESTORS

There was an oily tint to some of the biggest small cap gainers this week, with Trinidad-based oil and gas firm LGO Energy PLC (AIM:LGO) a strong performer on news of a relaunch, with a new chief executive appointment and a name change.

Neil Ritson stepped-down as LGO’s chief executive and chairman on Wednesday, to be replaced by Leo Koot who joined as the firm’s executive chairman with immediate effect.