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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Kavango Resources PLC - London-based mineral explorer focused on Botswana - Decides to complete the holes in the current drill campaign at PL082/2018 using diamond drilling. Says that each hole will now first be drilled with a reverse circulation 'pre collar' and then completed with a diamond 'tail'. "A very high degree of resolution has been achieved with the inversions on the known folding in the belt, and has verified Kavango's hypotheses on variable wavelengths of the folds and brittle fault accommodations within the fold patterns to accommodate strain. The faults are postulated to have acted as conduits for mineralizing fluids, that could host deposits where they intersect the D'Kar / Ngwako Pan contact," Senior Geophysical Consultant Jeremy Brett comments.
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AEW UK REIT PLC - London-based real estate investment trust for UK regional commercial property - Net asset value stands at 121.88 pence per share as at September 30, down from 126.50 pence per share as at June 30. Records a negative NAV total return of 2.1% for the quarter, from positive 6.5% a quarter prior. Attributable to the current volatile economic environment. Maintains its quarterly interim dividend of 2.00 pence per share. Expects the number and extent of value investment opportunities in the direct property market to increase against this economic backdrop.
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SME Credit Realisation Fund Ltd - credit investment - Says Richard Boleat stepped down as a director and chair. Appoints Frederic Hervouet to succeed him as chair.
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Sound Energy PLC - Morocco-focused upstream gas company - Submits an application to Morocco's Office National des Hydrocarbures et des Mines to extend its Grand Tendrara exploration permits for two years. "Our ongoing licence activities at both the Sidi Moktar and Grand Tendrara permits are subject to an active and constructive dialogue with ONHYM and the Ministry of Energy Transition and Sustainable Development, however, principally due to Covid -19, the last couple of years has restricted active licence activity that can be safely and efficiently undertaken in country either for onshore exploration geophysical surveying activities given significant crew numbers required and also limited the ability to drill given the over-pressured nature of the subsalt TAGI reservoir with its inherent need for significant and uninterrupted support services," Executive Chair Graham Lyon comments.
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Residential Secure Income PLC - real estate investment trust focused on retirement living and shared ownership homes - Director Alex Pilato sells 9,427 shares at 91.0p, 30,000 shares at 90.2p, 100,000 shares at 89.5p, and 60,573 shares at 87.3p.
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THG PLC - Manchester-based online beauty products platform - FIC Shareco Ltd, a company associated with Founder & CEO Matthew Moulding, buys 12.8 million shares at 39p per share.
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IOG PLC - London-based gas and infrastructure operator with projects in the North Sea - Says CEO Andrew Hockey has declared his intention to retire with immediate effect, after five years. Says he has agreed to remain with IOG as an advisor. Confirms that Rupert Newall will step up to become the new CEO. Notes that David Gibson will step down as Chief Operating Officer with immediate effect.
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By Abby Amoakuh; abbyamoakuh@alliancenews.com
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