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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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Marula Mining PLC - Africa-focused mining and development company - Says assays from sampling at the Nyorinyori graphite project and the NyoriGreen graphite project returned "significant results". Analysis of 122 samples recorded an average of 8.85% total graphitic carbon, with the highest recording 15.89% TGC. Significant discoveries also included 60 metres at 9.39% TGC, 78 metres at 8.57% TGC, 107 metres at 9.24% TGC and 65 metres at 9.39% TGC. Marula says the results suggest "the presence of a strong and graphite mineralised system that has the potential to support a medium-sized mining operation." Chief Executive Officer Jason Brewer says: "The results allow us to now push ahead and finalise the phase 2 programme of exploration at Nyorinyori and NyoriGreen".
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Bank of Georgia Group PLC - London-registered, Tbilisi-headquartered financial services company - Says its banking business subsidiary JSC Bank of Georgia has successfully priced a USD300 million offering of 9.5% perpetual subordinated tier 1 notes. The notes are expected to settle on April 16.
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Nexxen International Ltd - Tel Aviv-based advertising technology platform - Says it has repaid its outstanding indebtedness under the term A secured loan and the outstanding amount under the revolving credit facility entered into September 12. Nexxen has also amended the credit agreement to enable the USD50 million share buyback programme announced in mid-March. Nexxen paid around USD100 million to the lenders under the credit agreement, of which USD90 million went towards its debt obligations under the term A secured loan, and the previously drawn down amount of USD10 million under the revolving credit facility. Nexxen continues to have access to the USD90 million revolving credit facility, of which none has been drawn as of Wednesday.
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abrdn Diversified Income & Growth PLC - Edinburgh-based investment trust - Cancels remaining GBP16.1 million of its 6.25% bonds due 2031. Says the decision follows the agreement of shareholders to put the company into managed wind-down. The redemption price was 115%, and application has been made for the GBP16.1 million bonds to be cancelled from the Official List in accordance with the UK Financial Conduct Authority's listing rules. Following the redemption and cancellation, there remain no bonds outstanding and abrdn Diversified holds no further debt.
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By Hugh Cameron, Alliance News reporter
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