Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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17th Apr 2023 7:00 am RNS Update on Proposed RTO
Further to the announcement on 23 September 2022 regarding the proposed acquisition by More of Megasteel Limited ("Megasteel") (the "RTO" or the "Proposed Acquisition"), the Company is pleased to confirm that preparations for the publication of a prospectus and admission of the enlarged group to trading on the London Stock Exchange are now well advanced.
The Directors of More are also pleased to confirm that the Company and Megasteel are currently undertaking an investor roadshow as part of the Proposed Acquisition.
Rod McIllree, Executive Director of More Acquisitions plc, said:
"We are pleased to report that the RTO is progressing well. We are particularly encouraged by the strong level of interest that has been being shown in Megasteel by the UK investment community to date. We are increasingly confident that shareholders can expect completion of the RTO within this quarter, subject to FCA and other relevant approvals."
Nigel Roberts, CEO of Megasteel Limited, said:
"We are very pleased that we are are now in the final stages of the proposed RTO of Megasteel Ltd by More Acquisitions PLC. I have met with several existing shareholders of More and also potential shareholders and I look forward to concluding the process speedily and successfully."
https://www.lse.co.uk/rns/TMOR/update-on-proposed-rto-54ucf4fr63oezdz.html
The floatation of OHT a couple of weeks ago shows that there can still be a good investor appetite for an interesting new issue, even in the current challenging market conditions.
OHT floated at 16p/share, and has already moved up to 25.5p: a premium of 59.375% to its IPO price.
4th Apr 2023 7:00 am RNS Admission to Trading on AIM
"Admission to Trading on AIM and First Day of Dealings
Ocean Harvest Technology Group plc, a leading global producer of animal feed additives from multispecies seaweed blends, is pleased to announce the admission of its entire issued ordinary share capital to trading on AIM ("AIM"), a market operated by the London Stock Exchange plc ("Admission"). Admission will take place and dealings will commence at 8.00 am GMT today under the ticker OHT. The Company's Admission Document is available to view on the Company's website at www.oceanharvesttechnology.com.
OHT delivered product revenue of €2.5million in 2022, a 67% increase on the prior year, and continues to see strong demand for its products. The Company has a market leading position in a multi billion dollar market with substantial barriers to entry. The Directors remain confident in achieving further significant revenue growth in 2023 and look forward to driving further commercial progress across the Group.
finnCap Ltd is acting as Nominated Adviser and sole broker in relation to the Admission.
Key Highlights:
• Based on the placing price of 16p, the market capitalisation of the Company will be approximately £20 million at Admission
• Placing raised gross proceeds of £6 million
• The Company's ISIN is GB00BQKR6R17 and the SEDOL is BQKR6R1
• Following Admission the Company will have 125,855,697 Shares in issue ..."
https://www.lse.co.uk/rns/OHT/admission-to-trading-on-aim-ybqfq6trf1cthjl.html
The floatation of CHSS two days after OHT further demonstrates that there can still be a good investor appetite for an interesting new issue, even in the current challenging market conditions.
CHSS floated at 6.25p/share, and has already moved up to 9.5p: a premium of 52% to its IPO price.
6th Apr 2023 7:00 am RNS Admission and First Day of Dealings
"Admission to trading on the Main Market of the London Stock Exchange
World Chess Plc (LSE: CHSS) is pleased to announce that its entire ordinary share capital will be admitted to the Official List (by way of Standard Listing under Chapter 14 of the Listing Rules) and to trading on the London Stock Exchange's Main Market for listed securities ("Admission") today at 08:00 AM under the ticker "CHSS".
As part of the Admission, the Company has completed a subscription and retail offer (together the "Fundraise") of new ordinary shares, raising gross proceeds of £3.04 million. On Admission, the Company will have a market capitalisation of approximately £41.7 million.
Advisers to the Company include Novum Securities (financial adviser), Marriott Harrison (UK lawyers) and PKF Littlejohn (reporting accountants), whilst the offer of new Ordinary Shares to retail investors was supported by the PrimaryBid platform.
Statistics
Subscription Price (per Share) 6.25 pence
Market capitalisation on Admission £41.7m
Gross proceeds of the Fundraise £3.04m
Total number of shares in issue 666,905,501
LSE Ticker CHSS
ISIN GB00BN70RC41
Highlights
• World Chess owns the exclusive rights to the official online chess gaming platform, FIDE Online Arena. The Company has taken chess into the mass market through its new commercial approach to chess competitions, with an innovative approach introducing new products and concepts into the sport.
• With its experienced management team with extensive experience working in the chess industry, the Company has developed a blend of revenue streams, with 44% of revenues generated through its online playing platform, 28% through events and 28% through its chess clubs and merchandise.
• Audited full-year 2021 revenue grew by 28% to €3.22 million while unaudited revenue for the half-year 2022 grew by 120% to €1.98 million. ..."
https://www.lse.co.uk/rns/CHSS/admission-and-first-day-of-dealings-cqqq6dnmcy5f4jv.html