ARMH Arm Holdings Plc ADS Each Representing 3 Ordinary Shares (MM)

LONDON--Ilika PLC (IKA.LN), a materials company, Friday posted a narrowed loss and appointed Mike Inglis as its chairman from September.

The group said its loss for the year ended April 30 narrowed to GBP2.7 million ($4.16 million) from GBP2.8 million the year-earlier period. Revenue rose 4% year-over-year to GBP1.09 million.

The company said Mr. Inglis, previously ARM Holding PLC's (ARM.LN) chief commercial officer, will become a non-executive director with immediate effect and replace Jack Boyer pending approval from investors at Ilika's annual shareholders meeting.

Shares closed Thursday at 74 pence, valuing the company at GBP49 million.

 
--Write to Simon Zekaria at simon.zekaria@wsj.com 
 

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