Last checked at 
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
----------
Personal Assets Trust PLC - FTSE 250-listed investment trust aimed at private investors - Shareholders approve share split at AGM. As part of plan, each share will be subdivided into 100 new shares.
----------
Residential Secure Income PLC - Bristol-based real estate investment trust focused on retirement living and shared ownership homes - Net asset value ends June 30 at 111.7 pence, rising from 108.4p three months earlier. Total property portfolio ends quarter with 3,291 homes at a value of GBP389 million, up 0.9% on a like-for-like fair value basis in the quarter. Managing Director Ben Fry says: "We're pleased with progress over the last quarter. Rising occupancy, contractual inflation-linked rent increases and growing dividend cover continue to underpin our dividend progression. Despite rising inflation, rent collection rates remain steady, highlighting the affordability of ReSI PLC's rents."
----------
AEW UK REIT PLC - London-based real estate investment trust for UK regional commercial property - Net asset value per share ends June 30 at 126.50 pence, rising from 120.63p three months earlier. Says NAV total return in quarter was 6.5%. Declares interim dividend in period of 2.0p, in line with annual target of 8.0p. Portfolio Manager Laura Elkin says: "The portfolio's strong capital performance continues this quarter, with the majority of the assets demonstrating continued resilience. The office sector value gains seen in the portfolio of late, following a period of strong performance by our industrial assets in previous quarters, demonstrate the benefits of the strategy's ability to invest across market sectors to maximise value at different times."
----------
Skillcast Group PLC - London-based e-learning and digital compliance software and content - Guides for interim revenue to be GBP4.5 million, up 20% from GBP3.7 million the year prior. "The growth was driven by a strong performance in recurring subscription revenues, which increased 32% on the same period last year, and stable performance from professional services," it explains. Expects "small" small adjusted Ebitda loss for the first half, which it says is consistent with achieving full-year expectations. Will release interim results on September 28.
----------
Seraphim Space Investment Trust PLC - London-based investor in space technology - Notes investment activity in the global space domain remains strong. Holds net assets of GBP250 million at March 31, with GBP188 million in investments and rest in cash. "We are particularly pleased with the solid growth rates of bookings which reflect the strong underlying performance of the businesses as they develop their commercial operations," it adds.
----------
Cap-XX Ltd - Sydney-based maker of ultra-thin prismatic and cylindrical supercapacitors - Settles legal dispute with Systematic Power Manufacturing LLC. In August 2000, US court found that Ioxus Inc was liable for infringing CAP-XX's patents. As part of firm dropping claims, it has been granted exclusive rights to sell the Ioxus supercapacitor modules and cells outside the US, Canada and Japan, and to a limited number of accounts. These modules and cells will be sold under the CAP-XX brand.
----------
Active Energy Group PLC - London-based biomass focused renewable energy business - Clarifies merchant bank Close Brothers Group PLC has not opened a position on company's shares. "The directors of Active Energy confirm that the company is not in an offer period, nor is it currently in discussions with any party regarding any possible offer for the company's ordinary shares," it explains.
----------
Future Metals NL - Perth-based platinum exploration company - Identifies multiple sulphide exploration targets at its 100%-owned Panton project. "Given these excellent base metal & gold intercepts were intersected purely by chance in drilling which was targeting the chromite reefs, it is very exciting what we might uncover when specifically targeting zones identified to be the most prospective for increased sulphide mineralisation," Managing Director Jardee Kininmonth says. Planning a follow-up ground-based EM and gravity survey.
----------
Mosman Oil & Gas Ltd - Sydney-based oil and gas company with projects in Australia and the US - Remains on track for drilling to start at Cinnabar in East Texas in early September, subject to the final rig schedule. Also notes it farms out additional 10% of the lease, in hopes of reducing amount to be spent and its ownership of the lease to 75%. Does not plan any further farm outs.
----------
Xtract Resources PLC - London-based mining company focused on Africa and Australia - Finds "significant" intervals of gold mineralisation from drill holes BRDD-22-045, BRDD-22-046, BRDD-22-053 & BRDD-22-054 from the Phase 2 diamond drilling programme at the Bushranger copper-gold exploration project. Notes best intercept is 26 metres at 1.64 grammes per tonne gold from a downhole depth of 338 metres. Executive Chair Colin Bird says phase two drilling programme has been "extremely successful".
----------
Galantas Gold Corp - Northern Ireland-focused gold producer - Enters further loan agreement with Ocean Partners UK Ltd, drawing down USD530,000. Loan is to be used to fund the development of the underground mining operations at the Omagh gold project in Northern Ireland and working capital. As part of the deal, issues 125,000 warrants to Ocean, which can be turned into one share at any point in the next 12 months.
----------
UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - Raises GBP1.3 million from the issue of 1.4 million shares at 0.0875 pence. Says placing price a 27% discount to Tuesday's closing price. Net proceeds of placing to be used to help operational work programme and for working capital purposes. "The placing's proceeds will be sufficient to acquire and process the further planned, but previously unbudgeted, Phase 2 seismic over the newly revealed western culmination of the Basur oil discovery and to help determine if the discovery is best appraised from this new more accessible area via a vertical Basur-4, or from the previously planned more operationally challenging highly-deviated Basur-3 sidetrack," company says.
----------
Providence Resources PLC - operator of Barryroe oil and gas project offshore Ireland - At AGM, Chair James Menton says firm focused on "successful optimisation" of the Barryroe field. "At a time when geopolitical uncertainty necessitates that all energy options must be given due consideration, we believe that the Barryroe field has the potential to have a significantly positive impact on Ireland's security of energy supply in the coming years," it adds.
----------
Power Metal Resources PLC - London-based metals exploration company focused in North America, Africa and Australia - Says First Class Metals, which it sold its Schreiber-Hemlo interests, is "nearing" its planned listing. Also says Nevada-focused Golden Metal Resources nearing completion of its IPO preparations, with Australia-focused First Development Resources' planned listing process well underway. Chief Executive Paul Johnson says: "Crystallisation of value into strategic investments bolsters our balance sheet considerably and offers the potential for considerable capital gains, alongside providing a major pool of available working capital to the company. However, what enthuses us even more is the future direction of the company and the exploration potential offered from within our retained portfolio."
----------
By Paul McGowan; paulmcgowan@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.