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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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CPL Resources PLC - Dublin-based human resources firm - Reaches agreement with Outsourcing Inc for cash offer, recommended by CPL's board. Outsourcing Talent Ireland Ltd, an Outsourcing subsidiary, will acquire CPL at EUR11.25 per share, a deal valuing CPLS's share capital at around EUR317.8 million. This represents a 36% premium to its Tuesday closing price of EUR8.25 per share. CPL Chair John Hennessy: "The CPL board believes that the offer from Outsourcing, if approved, will begin an exciting new chapter for our stakeholders, particularly our employees and our clients."
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Time Out Group PLC - London-headquartered global media and leisure business - Continues Time Out Market expansion opening of Time Out Market Dubai in first 2021 quarter. This is part of a a management agreement with Emaar Malls. Following temporary closures due to pandemic, a number of locations have reopened and expansion continues, with Dubai in the first quarter of 2021, then a new opening in Porto in the fourth quarter of that year, followed by new openings in London in 2022 and Prague in 2023.
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Thor Mining PLC - tungsten/molybdenum exploration and development company with interests in Australia and the US - Reports high grade assay results from field sampling of Colorado prospects, exceeding criteria for first milestone share issue from American Vanadium Pty Ltd vendors. Thor to proceed with issue of 18 million shares, full first performance payment. Field sampling during due diligence period shows assay results of high grade uranium, up to 1.25% triuranium octoxide and vanadium at up to 3.47% vanadium oxide. Executive Chair Mick Billing: "We are very pleased with the high grade assays from the initial sampling program conducted in Colorado. Our next step with this project is likely to be a drilling program on a number of the Colorado targets, scheduled following the North American winter."
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ADVFN PLC - investing website operator based in Ongar, England - Joins forces with research and investor relations consultancy Edison to create investor relations packages targeting institutional and private investors. Edison is providing a suite of equity insight products and investor relations assets for listed companies, to be disseminated across ADVFN websites and promoted to ADVFN retail users.
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eEnergy Group PLC - energy efficiency services provider based in London - Launches new green energy initiative, complementing its light-as-a-service offering. The initiative will focus on helping UK schools, eligible for part but not full government funding, to cut carbon emissions and costs by switching to more efficient LED lighting. Initiative set up in conjunction with UK government's Public Sector Decarbonisation Scheme, where GBP1 billion of grant funding is being prioritised to decarbonise public sector buildings.
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SolGold PLC - exploration company focused on Ecuador - Receives final assay results from first 580 metres of first drill hole at Porvenir project, returning 570 metres at 0.69% copper equivalent from 10 metres to 580 metres at a 0.2% copper equivalent cut-off grade and open at depth. Assay results from 580 metres to end of hole at 909.3 metres still pending. Overall intersection in hole PDH-20-001 to 580 metres depth includes zones of higher-grade material, coincident with the presence of early dioritic and monzonitic intrusions, including 188 metres at 0.73% copper equivalent from 392 metres to 580 metres at 0.30% cut-off grade. SolGold says: "Remaining assay results for PDH-20-001 are expected later this month, and assays received to date confirm the potential for the presence of a large strongly mineralised porphyry system at Cacharposa as indicated by previously reported visual estimates."
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Live Co Group PLC - events firm based in Surrey - Notes current installation of BrickLive Animal Paradise at Naples Zoo in Florida, ready to open to public November 21. BrickLive Safari, currently at Devon's Paignton Zoo, extended to January 2021. Chair David Ciclitira: "We continue to pursue a strategy of maximum asset utilisation in the winter months by targeting Southern Hemisphere or sunshine states. This first partnership with Naples Zoo proves that this strategy is working."
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Wishbone Gold PLC - precious metals trading and exploration company with trading business in Dubai and four licences in Australia - Four magnetic targets of considerable size identified at Patersons Range, Western Australia. Targets cover 2.4 kilometres by 400 metres and have been identified by its Terra Search Pty Ltd independent geological consultant. Targets much shallower than Havieron discovery, with top of magnetic targets ranging from 150 metes to 250 metres below surface. Wishbone has now completed legal and technical due diligence on Patersons Range and will move to close acquisition. Chair Richard Poulden: "Wishbone advises that it now intends to fast-track exploration efforts here, and have therefore instructed its Australian lawyers to move to close the transaction earlier than originally anticipated."
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Tern PLC - internet of things-focused investor with headquarters in London - Invests GBP860,000 for a 23.4% stake in Talking Medicines Ltd, making it the lead investor in a GBP1.1 million aggregate syndicated funding round alongside Scottish Investment Bank, the investment arm of Scottish Enterprise. Talking Medicines, based in London and Glasgow, uses artificial intelligence and machine learning to provide pharmaceutical firms with real-time data intelligence. In the year ended August 2019, Talking Medicines made a GBP166,094 unaudited retained loss and had at that time unaudited net assets of GBP421,479. Prior to this most recent funding round, more than GBP1 million has been invested in Talking Medicines.
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By Anna Farley; annafarley@alliancenews.com
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