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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
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Supermarket Income REIT PLC - London-based grocery property investor - Buys six supermarkets for a total purchase price of GBP113.1 million, reflecting a combined net initial yield of 4.6%. Buys from different vendors, the purchases include a Tesco PLC in Prescot, two Wm Morrison Supermarkets PLC in Durham and Cumbria, an Aldi in Oldham and an Aldi and a Marks & Spencer Group PLC Foodhall site in Liverpool. Atrato Capital Director Ben Green, which manages company, says: "These acquisitions provide geographic and tenant diversification, with the purchase of our first M&S Foodhall, as well as exposure to a number of high quality omni-channel supermarket assets. With an aggregate WAULT of 15 years, they support our strategy to deliver attractive long term income."
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LendInvest PLC - London-based asset management platform and property finance group - Sells GBP100 million buy-to-let property portfolio to US investment bank JPMorgan. Company notes the portfolio will sit within JPMorgan's Separate Account Mandate and will increase the total Separate Account capacity to GBP725 million from GBP625 million. "The transaction is in line with LendInvest's strategy of transferring assets under management originated via our Genesys platform into third party accounts and fund structures, and similar transactions may be carried out in future," company adds. LendInvest has an ongoing arrangement with JPMorgan to allocate a portion of monthly buy-to-Let originations to its Separate Account. Chief Executive Rod Lockhart says: "This transaction reflects our intentions at IPO to move more assets off our balance sheet over time, seek to take these profitable opportunities when they present themselves, and strengthen our funds management business model."
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DX Group PLC - Slough, England-based parcel freight, secure courier and logistics - Expands network with the opening of a new depot in Verwood, East Dorset. The roughly 14,000 square foot depot is located on Ebblake Industrial Estate, and will serve the company's DX Express unit, which focuses on next-day parcel delivery. "The opening of the depot will allow for the expansion of DX's operations in the South West, increasing the group's capacity in the region and driving service and productivity improvements," company adds.
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UP Global Sourcing Holdings PLC - Oldham, Greater Manchester-based consumer brands owner - Company's kitchenware brand, Progress, signs licence brand endorsement with WW, formerly known as Weight Watchers. "The endorsement will see Progress and WW collaborate to develop and promote value-for-money products that can help to prepare and cook nutritious and healthy foods. A range of 'Progress by WW' products will be launched across the Small Domestic Appliances and Cookware categories," company says.
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Redx Pharma PLC - Cheshire-based cancer and fibrosis drug developer - Phase 1 clinical study of RXC004, a small-molecule Porcupine inhibitor, shows "encouraging evidence of its potential". Chief Executive Lisa Anson adds: "The first clinical data on our Porcupine inhibitor, presented at the prestigious ESMO Congress, illustrate RXC004's potential to improve outcomes in patients with Wnt-ligand driven advanced solid tumours who have limited treatment options. RXC004 demonstrated a well-tolerated profile at the selected dose and showed differentiated signs of efficacy in Wnt-ligand dependent tumours. We are excited to move to Phase 2 later this year, with a larger number of patients with Wnt-ligand driven cancers, who represent those most likely to benefit from treatment with RXC004."
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Mirriad Advertising PLC - London-based advertising technology - Signs "strategic partnership" with influencer marketing company Influential. "Representing a significant opportunity, the agreement will expand the range of inventory Mirriad can access in the fast-growing and extensive influencer marketing sector. It also underlines the increasing speed of the company's development in the strategically important US market," company adds.
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Ten Lifestyle Group PLC - London-based concierge platform - Wins multiple-year renewal of contract with Barclays Bank UK PLC, one of Ten's long-standing corporate clients. "Ten's concierge and lifestyle services, including Ten's proprietary digital platform, will soon be made available to all Barclays Bank personal current account holders with the Barclays Travel Plus Pack. This will replace access to Ten's services via the retiring Barclays Bank Home Pack product, which has been off-sale for a number of years," company says. Notes contract fits within in Medium contract, which covers values between GBP250,000 and GBP2 million.
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Tern PLC - investor focused on the internet of things - Portfolio firm Wyld Networks AB signs contract with Bayer Crop Science for initial contract worth of GBP27,000. Company will develop a satellite IoT terminal and sensor to collect data from beehives. Chief Executive Al Sisto says: ""This is an important engagement for Wyld and we are very pleased that they are now working to develop a satellite IoT platform with Bayer. As Wyld's CEO Alastair Williamson has pointed out, there is a substantial and growing market for affordable satellite IoT connectivity in multiple markets from agriculture, utilities, maritime and the environment and we look forward to Wyld's continued progress."
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Deltic Energy PLC - natural resources investing company - Completes geophysical site survey over the planned Pensacola exploration well location on Licence P2252 in the Southern North Sea. Chief Executive Graham Swindells says: "The completion of the site survey on Pensacola is a key part of the well planning process and represents another important milestone as the Deltic-Shell JV continues the preparatory works in advance of drilling. We look forward to progressing through the planning phase as we get closer to drilling."
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Xtract Resources PLC - copper-gold projects in Australia, Mozambique and Zambia - Final assay results from the Phase 2 drilling programme at the Eureka copper-gold deposit "reinforces confidence" in extending open pit. Believes programme demonstrates "potential for a deeper mineralised system". New results show 22 metres at 2.53% copper from seven metres depth, which includes 14 metres at 3.71% copper from 14 metres depth from hole EX-023. Also, two metres at 5.04% copper from 40 metres depth within wider zone of 21 metres at 0.84% copper from 38 metres depth in hole EX-014. Executive Chair Colin Bird says: "In essence, we are pursuing two very viable targets in the extended open pit and have the potential for deep IOCG ore. We have made much more progress in this particular area than previous explorers and as such have unlocked an exciting exploration & development opportunity."
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IXICO PLC - neuroimaging and digital biomarker analytics firm - Wins new contract from US biopharmaceutical client to support its Phase II Huntington's disease clinical trial. Study expected to generate more than USD500,000 of revenues over twelve months. Chief Executive Giulio Cerroni says: "Huntington's disease is a devastating rare neurological condition with unmet medical needs. IXICO has worked on 16 HD clinical studies since 2007 and we are pleased to build further momentum in our mission to support our clients in identifying new insights into this challenging rare, neurodegenerative disease. Our technology services and AI data analytics enable clients to measure the impact of the trialled drugs with greater confidence and potentially unlock new insights into disease progression in support of much-needed new drug development."
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Applied Graphene Materials PLC - graphene materials maker with headquarters in Redcar, Cleveland - Launches to market four further customer products with graphene nanoplatelets. "The customers do not wish to be named for commercial reasons," company says. Chief Executive Adrian Potts adds: "I am delighted that the launch to market of these latest customer products has now been successfully achieved, providing further evidence of the commercial momentum that we are continuing to build. Once again, this demonstrates that our approach of close technical collaboration with customers, to help them translate the unique benefits of graphene into their end products, is highly effective."
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Plutus PowerGen PLC - cash shell - In advanced talks to appoints new financial adviser, which is required to remain listed on London's AIM. In late August, said it was considering alternative listing to current AIM listing, as deadline approaches to appoint new nominated adviser. Shares will be cancelled on September 21 if no adviser nominated. In early June, signs non-binding terms with MBU Capital Group Ltd to acquire Ben's Creek Carbon LLC, which constitute a reverse takeover. Plutus shares suspended as a result. Ben's Creek is a mine in West Virginia, US which historically has produced metallurgical coal.
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Oriole Resources PLC - mineral explorer in Senegal and Cameroon - Raises GBP1.8 million from oversubscribed placing, and GBP20,000 in director subscriptions, through issue of 416.5 million shares at 0.425 pence each. Notes already has cash to complete Phase 2 diamond drilling at Bibemi gold project in Cameroon. Cash from placing will be used to help ongoing exploration in Cameroon, including Phase 3 drilling at Bibemi.
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Panther Metals PLC - Isle of Man-based company focused on mineral exploration in Canada and Australia - Appoints Niigaani Drilling Inc to carry out company's planned drilling programme at its 100% owned Dotted Lake property in Ontario, Canada.
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Online Blockchain PLC - Ongar, England-based blockchain research and development company - Notes Umbria's liquidity bridge now supports ETH and MATIC in addition to USDT and UMBR. Company acts as Umbria's coordinator, administrator and advisor. Umbria is a decentralised finance protocol. The bridge, Narni, can now bridge ETH from the Ethereum to Polygon network. "This has caused the Narni Bridge to be adopted rapidly by many DeFi participants and has especially caught the attention of the Zed Run community, who had previously been hampered by prohibitively expensive gas fees," company says.
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Live Co Group PLC - Lego brick-based events and entertainment firm based in Surrey, England - Signs new contract with Paisley First, in Scotland, for BRICKLIVE Fantasy Kingdom. "This will be the fifth time that the group has worked with Paisley First, who plan to show the models in throughout Paisley town centre," company says.
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Albion Technology & General VCT - venture capital trust with portfolio of predominantly unquoted growth and technology businesses - Net asset value per share ends June 30 at 78.17 pence each versus 69.35p six months earlier. Declares interim dividend of 1.73p, down from 2.0p year before. "We continue to see resilience and, in many cases, growth from our portfolio, with many of our portfolio companies demonstrating the value of the services they provide to their customers as the economy emerges from the Covid-19 pandemic," company says.
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URU Metals Ltd - exploration and development firm - Environmental Impact Assessment completed for prospecting rights for ten portions of the farm Piet Potgietersrust Town and Townlands 44 KS in South Africa. Chief Executive John Zorbas says: "We are excited to be moving forward with the Prospecting Right approval process. Being the adjoining property to the Zebediela Nickel Property, owned by Zeb Nickel Corp increases the exposure of URU to the massive nickel sulphide and PGE exploration potential on the Northern Limb of the Bushveld complex. Subject to the approval of the Prospecting Right Application by the South African Department of Mineral Resources we look forward to fast tracking the exploration of this project in order to quickly understand any economic potential the ground may hold."
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By Paul McGowan; paulmcgowan@alliancenews.com
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