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Share Price: 0.1275
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Change: -0.005 (-3.77%)
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TRADING UPDATES: Angus in Balcombe blow; YouGov buys Canada asset

Tue, 02nd Mar 2021 19:11

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Angus Energy PLC - UK-focused onshore oil and gas development company - Notes West Sussex County Council's Planning Committee rejects planning application for an extended well test at Balcombe oil field. Angus says "disappointed" by decision. "The company is presently evaluating all of the options available with its partners," Angus adds.

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YouGov PLC - London-based research data and analytics group - Buys Toronto-based sports research and consulting agency Charlton Insights, boosting YouGov Sport's presence in Canada. Acquisition fee is tied to a "three year earn-out", YouGov adds.

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CloudCall Group PLC - Leicester, England-based provider of unified communications and contact centre software - Receives additional demand so boosts size of fundraising to GBP7.5 million, from GBP7.0 million. Equity raise consists of 8.8 million placing shares and 357,169 shares as part of PrimaryBid offer.

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Next Fifteen Communications Group PLC - London-based digital communication group - To repay GBP1.4 million in furlough money from UK government amid "continued strong trading performance".

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FastForward Innovations Ltd - technology and life sciences sector focused investor - Notes 2.3% owned investee EMMAC Life Sciences sells wellness brands to Yooma Wellness Inc. FastForward has a 9.0% stake in Yooma.

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Vela Technologies PLC - Bingley, England-based company with investments in early-stage disruptive technology businesses - Invests roughly GBP66,000 in Mode Global Holdings PLC, as part of the London-listed fintech firm's GBP6 million placing.

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Warehouse REIT PLC - real estate investment trust focused on warehouse assets - Buys multi-let warehouse estate on Glasgow Airport Business Park for GBP5.3 million, representing net initial yield of 6.3%. "The property generates a net rental income of GBP357,000 per annum," Warehouse REIT adds.

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600 Group PLC - West Yorkshire, England-based manufacturer and distributor of machine tools, precision engineered components and industrial laser systems - Says three US operations granted forgiveness of initial loans under US government's Paycheck Protection Program. Loans amount to USD2.2 million. "Second round funding under the PPP scheme for an additional USD2.2 million has been applied for. From this application, two of the three entities have so far received their allocation, amounting to USD1.6 million, with the remaining USD600,000 expected to be received in the coming weeks," 600 adds. Notes order intake has continued to improve since first Covid-19 outbreak, with February up about 40% annually.

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Coral Products PLC - Merseyside-based supplier of injection moulded plastic products - Completes disposal of Coral Product (Mouldings) Ltd and Interpack Ltd to One51 ES Plastics UK Ltd for GBP7.9 million. Notes as planned, Chief Executive Officer Michael Wood steps down following disposals. Non-Executive Chair Joseph Grimmond becomes executive chair.

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Omega Diagnostics Group PLC - sells wide range of specialist products, primarily in the immunoassay, in-vitro diagnostics market - Lands contract with Screen4 Ltd to provide Covid-19 antibody laboratory-based testing services.

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Quadrise Fuels International PLC - London-based fuel conversion technology firm - Raises GBP6.0 million from placing of 222.2 million shares at 2.7 pence each.

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PureTech Health PLC- Boston, Massachusetts-based biotherapeutics company - Founded entity Karuna Therapeutics, a firm developing medicines for psychiatric and neurological conditions, prices offer of 2.1 million shares at USD120.00 each. To raise about USD250.0 million.

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Castillo Copper Ltd - Australia and Zambia focused base metal explorer - Earmarks "strategic intent" to progress Big One deposit, Australia following " a series of excellent assay results" and global demand for copper. Castillo adds: "Further work is planned to extend known mineralisation and Big One deposit's potential scale, commencing with an induced polarisation survey to identify incremental test-drill targets."

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88 Energy Ltd - Alaska-focused oil producer - Says mobilisation of rig 111 to Merlin-1 location "progressing well" but reports "minor delays" attributed to weather. Spud date scheduled for March 8.

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Serabi Gold PLC - Brazil-focused gold miner - Raises USD17.5 million, about GBP12.5 million, from placing of 16.7 million shares at GBP0.75 each. "The financing completed today creates a strong financial position for Serabi from which we will be able to advance our significant growth opportunities," CEO Mike Hodgson says.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
18 Jun 2018 11:19

88 Energy Progressing On Icewine Clean Up As Starts Lifting Nitrogen

LONDON (Alliance News) - 88 Energy Ltd on Monday said it commenced nitrogen lifting at Icewine No 2 borehole in Alaska.The exploration & production company said the well is still in a

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13 Jun 2018 12:35

88 Energy Begins Flowback At Project Icewine In Alaska

LONDON (Alliance News) - 88 Energy Ltd said Wednesday flowback has commenced at its Icewine No 2 borehole in Alaska.88 Energy said "based on the pressures and flow rates" it does

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29 May 2018 11:55

88 Energy To Start Flow Testing Second Icewine Well In June

LONDON (Alliance News) - 88 Energy Ltd said on Tuesday it has scheduled the flowback of the Icewine No. 2 oil well, onshore Alaska, for June 11.Site works have been completed at the Bluffs

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21 May 2018 13:35

88 Energy Says Icewine#2 Production Testing Set To Restart In June

LONDON (Alliance News) - 88 Energy Ltd said Monday site works at the Icewine#2 project in Alaska have commenced to clear ice and snow and final preparations for mobilisation of test equipment were

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1 May 2018 13:32

88 Energy Raises AUD17 Million Through Oversubscribed Placing (ALLISS)

LONDON (Alliance News) - Oil and gas exploration firm 88 Energy Ltd said Tuesday it raised AUD17 million through a "significantly oversubscribed" placing.88 Energy has placed at -

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30 Apr 2018 12:30

88 Energy To Raise AUD17 Million Via Discounted Share Placing (ALLISS)

LONDON (Alliance News) - 88 Energy Ltd on Monday announced an equity fundraise, as it progressed on Icewine project in Alaska and Yukon gold project in Canada.The oil & gas explorer to

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26 Mar 2018 17:20

88 Energy Completes Loan Refinance With Bank Of America

LONDON (Alliance News) - 88 Energy Ltd completed a loan refinance with Bank of America in respect to the oustanding balance of USD16.5m, on terms similar to the

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16 Feb 2017 08:09

88 Energy to move Arctic Fox rig in April

(ShareCast News) - Oil and gas explorer 88 Energy said that Doyon Drilling's Arctic Fox rig is to move to the Icewine 2 appraisal well in April after the completion of drilling on a nearby acreage. The AIM-listed company said that the rig on the onshore Icewine project in the north slope of Alaska i

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13 Jan 2017 10:56

88 Energy completes conventional prospectivity review at Icewine

(ShareCast News) - 88 Energy updated the market on Project Icewine, located onshore North Slope of Alaska, on Friday, having completed the conventional prospectivity review over the project. The AIM-traded firm said additional resource potential had been identified for conventional leads across the

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15 Dec 2016 09:28

88 Energy Increases Land Holding Around Icewine With Partner Burgundy

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15 Dec 2016 09:19

Success for 88 Energy in Alaskan acreage bidding round

(ShareCast News) - 88 Energy updated the market on Tuesday in relation to Project Icewine, in which it has a 77.5% working interest as operator, located on the Central North Slope of Alaska. The AIM-traded company confirmed its wholly-owned subsidiary Accumulate Energy Alaska and its joint venture p

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25 Oct 2016 11:24

88 Energy raises AUD 11m from institutional investors

(ShareCast News) - 88 Energy announced on Tuesday that it has reached agreement regarding a placement to raise gross proceeds of AUD 11m, to two US-based institutional investors. The AIM-traded firm said the net proceeds will be used to strengthen the Company's balance sheet ahead of the upcoming dr

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25 Oct 2016 07:11

Two New US Institutional Investors Inject AUD11 Million Into 88 Energy (ALLISS)

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5 Sep 2016 09:22

88 Energy to drill vertically rather than laterally at Alaskan well

(ShareCast News) - Australian oil and gas company 88 Energy has revised the design for its Alaskan Icewine-2 well and now intends to drill vertically, rather than laterally, to reduce costs and risks. AIM-listed 88 Energy, along with its joint-venture partner Burgundy Xplorartion, found that a verti

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8 Jun 2016 13:43

Positive progress for 88 Energy at Icewine

(ShareCast News) - Exploration company 88 Energy issued an extensive update on its operations at Project Icewine on Wednesday, including its securing of additional acreage. The AIM-traded firm said processing has been completed for the official award of 172,937 acres successfully bid on in the State

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