Watch LIVE the focusIR May Investor webinar with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAdriatic Metal. Share News (ADT1)

Share Price Information for Adriatic Metal. (ADT1)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 240.00
Bid: 240.50
Ask: 241.00
Change: -1.50 (-0.62%)
Spread: 0.50 (0.208%)
Open: 245.00
High: 245.00
Low: 239.00
Prev. Close: 241.50
ADT1 Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: K3 Business says cash balances ahead of forecast

Wed, 20th Dec 2023 20:00

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

----------

Reabold Resources PLC - invests in "low-risk, near-term" oil and gas projects - Updates on LNEnergy Ltd in which company holds a 26% interest. Notes LNEnergy reports that it has filed the Environmental Impact Study for the new small-scale liquefied natural gas development plan at the Colle Santo gas field with the Ministry of Environment & Energy Security. This is a further step towards achieving the granting of a production concession at Colle Santo.

----------

Life Settlement Assets PLC - London-based closed-ended investment company which manages portfolios of whole and fractional interests in life settlement policies issued by life insurance companies operating predominantly in the US - Receives notification of a maturity across three policies held by the company with a face value of USD9 million. Explains the accounting for these maturities is in the process of being calculated and, if verified, would add around USD6.3 million to the company's assets equating to around 5.8% of the net asset value before costs. Will consider payment of a dividend with the proceeds.

----------

K3 Business Technology Group PLC - business-critical software solutions provider focusing on fashion and apparel brands - Updates on trading for the financial year ended November 30. Says adjusted operating profit for the year is expected to be at least in line with market expectations, and the group is expected to have closed the financial year-end with cash balances at GBP8.3 million, ahead of market expectations. These results are despite the ongoing lower demand and activity in global accounts, as previously reported.

----------

Poolbeg Pharma PLC - Clinical-stage biopharmaceutical company targeting diseases with a high unmet medical needs - Announces the positive outputs from the lab-based analysis and successful prioritisation of the respiratory syncytial virus drug targets and treatments identified as part of its artificial intelligence led programme. Actively exploring the most effective way to progress the prioritised drug candidates in order to generate value. Believes the data obtained reflects the high potential of this AI-led programme and supports its partnering efforts. Chief Executive Jeremy Skillington says: "As we engage in partnering discussions, these results position Poolbeg as a key player in the evolving landscape of AI-driven drug discovery."

----------

RA International Group PLC - specialist provider of complex and integrated remote site services - Says High Court of England and Wales makes order confirming the reduction of the share premium account by an amount of USD18.2 million. Notes the capital reduction was approved by shareholders at a General Meeting on November 22.

----------

Location Sciences Group PLC - London-based location data verification company - Expects to publish an AIM admission document in respect of the proposed acquisition of Sorted Holdings Ltd by the end of January 2024, following which will seek the restoration of trading of the company's ordinary shares on AIM. Explains that a considerable amount of work has already been carried out and the company continues to diligently progress the transaction towards completion.

----------

Adriatic Metals PLC - precious and base metals explorer and developer that owns the Vares silver project in Bosnia & Herzegovina and the Raska zinc deposit in Serbia - Reports updated ore reserve estimate for the 100%-owned Rupice silver-zinc-lead-gold deposit in Bosnia and Herzegovina has grown to: 13.8 megatonnes at 187 grammes per tonne gold, 5.2% Zinc, 3.3% lead, 1.4 grammes per tonne silver, 0.5% copper and 0.2% antimony. The significant increase in ore reserves underpins an 18-year mine life which now extends until 2041 based on nominal throughput capacity of 800,000 tonnes per annum.

----------

Belluscura PLC - London-headquartered medical device developer - Receives approval from the National Medical Products Administration to distribute the X-PLOR portable oxygen concentrator in China. With this approval secured, Belluscura has now entered into negotiations with several distributors in China. Further, says results for the financial year 2023 are marginally below management expectations at the earnings before interest, tax, depreciation and amortisation level while prospects for 2024 remain unchanged.

----------

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
4 Mar 2022 20:53

TRADING UPDATES: IOG to cut Gazprom ties; wholesale changes at Donegal

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

Read more
10 Jan 2022 15:54

Adriatic Metals completes Orion debt financing of USD142.5 million

Adriatic Metals completes Orion debt financing of USD142.5 million

Read more
6 Dec 2021 21:32

TRADING UPDATES: Katoro's Blyvoor IPO on hold; Spectra bags new orders

TRADING UPDATES: Katoro's Blyvoor IPO on hold; Spectra bags new orders

Read more
12 Oct 2021 19:31

IN BRIEF: Adriatic Metals in USD245 million Vares funding deal

IN BRIEF: Adriatic Metals in USD245 million Vares funding deal

Read more
19 Aug 2021 12:50

TRADING UPDATES: Resolute books hefty impairments; tinyBuild buys

TRADING UPDATES: Resolute books hefty impairments; tinyBuild buys

Read more
16 Aug 2021 17:23

IN BRIEF: Adriatic Metals annual loss narrows on liability revaluation

IN BRIEF: Adriatic Metals annual loss narrows on liability revaluation

Read more
10 Aug 2021 19:24

TRADING UPDATES: Barkby expects revenue growth; Beeks trading in line

TRADING UPDATES: Barkby expects revenue growth; Beeks trading in line

Read more
21 Jul 2021 20:19

TRADING UPDATES: Spectra cash cleaner strong on Covid; Fintel grows

TRADING UPDATES: Spectra cash cleaner strong on Covid; Fintel grows

Read more
19 Jul 2021 19:13

TRADING UPDATES: Sareum raises GBP1 million; Marlowe buys Core Stream

TRADING UPDATES: Sareum raises GBP1 million; Marlowe buys Core Stream

Read more
16 Jul 2021 17:28

Adriatic Metals to receive Rupice exploitation permit in third quarter

Adriatic Metals to receive Rupice exploitation permit in third quarter

Read more
16 Jun 2021 15:04

IN BRIEF: Adriatic Metals CFO Eyre sells GBP55,000 in shares

IN BRIEF: Adriatic Metals CFO Eyre sells GBP55,000 in shares

Read more
7 Jun 2021 17:59

TRADING UPDATES: Alba Mineral in Thule asset boost; Nuformix US patent

TRADING UPDATES: Alba Mineral in Thule asset boost; Nuformix US patent

Read more
3 Jun 2021 19:20

BUSINESS UPDATES: HSBC issues notes; discoverIE reports profit fall

BUSINESS UPDATES: HSBC issues notes; discoverIE reports profit fall

Read more
13 May 2021 16:08

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
10 May 2021 14:14

DIRECTOR DEALINGS: Vitec CEO sells; Aston Martin non-exec buys again

DIRECTOR DEALINGS: Vitec CEO sells; Aston Martin non-exec buys again

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.