Active Energy Share News (AEG)

(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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Concurrent Technologies PLC - Colchester, England-based designer and manufacturer of computer products for use in critical embedded applications - Announces the launch of Kratos (32 Core), a 32-core central processing unit offering up to 60% more processing power compared to the original 20-core Kratos launched in March 2025. The new unit is optimised for the data processing power that enables mission critical Command, Control, Communications, Computing, Intelligence, Surveillance & Reconnaissance applications, Concurrent says, adding that its performance density is "so significant that it can displace traditional much larger rack mount server systems." "Kratos (32 Core) expands the Group's addressable market by serving the defence industry with breakthrough processing capabilities," company says. Concurrent notes that the previous model is differentiated by its virtualised radio access network accelerator.

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Gulf Marine Services PLC - London and Abu Dhabi-based operator of self-propelled self-elevating support vessels for offshore energy industry - Agrees to acquire a new mid-class vessel. The vessel is expected to join the group's 14-vessel fleet in the coming two weeks and will enable it to capitalise on current strong market demand, GMS says. The acquisition supports GMS's push to double its 2024 adjusted earnings before interest, taxes, depreciation and amortisation by 2030. The acquisition has been partially financed through a USD37.4 million, 90-day interim loan provided by a local Middle Eastern bank that is part of its existing lending syndicate, pending the completion of participation by the remaining lenders. The balance is funded from cash resources. Following completion, net leverage remains below 2.0x, excluding any Ebitda contribution from the acquired vessel. "The vessel has been earmarked for a number of identified commercial opportunities. Further announcements relating to backlog and revised adjusted Ebitda guidance for 2026 will be made in due course," GMS says.

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Macau Property Opportunities Fund Ltd - Macau-focused property investment company - Portfolio valuation stands at USD84.4 million on December 31, down 3.2% from June 30. Adjusted net asset value is US 53 cents per share, down 13% from June. The company's discount to adjusted NAV is 83% compared to 56%. Cash balance is USD4.4 million and total debt USD53.2 million. Notes unsuccessful GBP1.7 million placing in December. As a result, its Penha Heights loan facilities are currently in default and its other lending banks have intensified loan monitoring. Notes the negative impact this has had on the share price. In the six months through December, sells an additional nine units at The Waterside. Says recent transactions show "slightly improving trends, with units transacting at narrower discounts to valuation compared to earlier quarters." The company is negotiating the sale of additional units with several potential purchasers. Elsewhere, sells the final villa at The Fountainside as well as its car-parking space. Focus turns the three reconfigured apartments and two car-parking spaces, the final units available for sale. "Sales efforts for these apartments has been delayed by continuing challenges in obtaining approvals for newly built parking spaces as part of the reconfiguration exercise," company says. Despite "global and regional volatility," Macau's headline economic numbers demonstrate the territory's "resilience," the fund says, but warns of "limited spillover to the luxury residential market, which remains subdued. High-end buyers remain cautious following years of price declines and continue to wait for clearer recovery signals." Looking forward, it continues "to vigorously progress its divestment strategy, while working with lenders to stabilise its financial position and execute its divestment programme."

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Active Energy Group PLC - London-based, biomass-focused renewable energy developer - Enters non-binding memorandum of understanding with two existing UAE-based partners to explore the formation of a proposed joint venture focused on digital infrastructure operations and related Bitcoin mining. Under the framework, Active Energy would lead overall strategy, project development, energy optimisation and performance oversight, as well as the structuring and securing of growth capital, "where appropriate," through both equity and debt markets. One proposed partner is an "established regional operator with deep technical and operational expertise in digital infrastructure, including hosting and AI-focused compute environments," Active Energy says. The partner would be responsible for day-to-day technical operations, infrastructure management and optimisation of hosting performance across the JV's facilities. A second proposed partner has "extensive international relationships with hosting and digital infrastructure clients, together with a well-established sales and commercial platform." The partner is expected to support client acquisition, capacity marketing and utilisation, assist in securing demand for newly developed capacity as the platform scales. Initial activities are expected to focus on "supporting the operation and optimisation of existing capacity and near-term development phases."

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Cooks Coffee Company Ltd - New Zealand-based coffee chain - Subsidiary Esquires Coffee enters master franchise agreement for the UAE. Cooks notes the country as "one of the fastest growing markets for speciality coffee outlets globally". The 10-year agreement including a right of renewal provides for the opening of a minimum of 50 Esquires Coffee outlets in the UAE. Parties to the agreement are "successful operators in the UK with multiple stores in the Southeast of England," Cooks says. Chair Keith Jackson says: "This Master Franchise Agreement marks another important milestone in the international development of the Esquires Coffee brand. The UAE represents an attractive market, and we look forward to growing the brand in the region over the coming years."

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MedPal AI PLC - London-based digital health and AI company - Provides update on the at-the-market equity issuance facility announced on December 4. Raises GBP339,560 through the issue of 6.5 million new ordinary shares at an average 5.22 pence per ATM Share. Proceeds are to be put towards MedPal's recently established online pharmaceutical subsidiary, MedPal Ltd, to hold greater levels of stock, expand product lines and to undertake marketing campaigns to grow the pharmacy and clinic parts of the business, MedPal Pharmacy and Medpal.clinic. Following this issue of shares, company to date has raised GBP1.2 million via the ATM facility, which enables it to raise up to GBP2 million subject to a minimum price per ATM share of 5p.

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By Aidan Lane, Alliance News reporter

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