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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
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Arkle Resources PLC - gold and zinc explorer focused on Ireland - Says first hole at its Mine River project in Ireland intersected the vein at depth and shows it to carry gold. Two further holes have been completed at 50 metres spacing in the new area. Samples have been sent for analysis with results expected in mid-June.
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SDCL Energy Efficiency Income Trust PLC - investment company - Completes acquisition of interest in commercial district energy system RED-Rochester LLC for USD177 million. Purchased from Stonepeak Infrastructure Partners. "RED is one of North America's largest district energy systems with 117 MW of steam turbine generators plus boilers, chillers and other equipment that provide exclusive utility services to commercial and industrial customers within the 1,200 acre Eastman Business Park, located in Rochester, New York," SDCL says.
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Schroder British Opportunities Trust PLC - established to invest in a portfolio of public and private equity investments consisting predominantly of UK companies - Invests in single asset fund EPIC I-b Fund SLP, which has acquired majority stake in Waterlogic Group Holdings Ltd. Waterlogic is a provider of drinking water dispensers. "This investment is in line with SBO's focus on backing high-quality, high growth UK businesses, with opportunities for multi-dimensional business transformation and a strong alignment between shareholder value and fundamental positive purpose in society," Schroder British Opportunities said.
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Hibernia REIT PLC - Irish real estate investment trust - Enters into deal to issue EUR125 million of new unsecured US private placement notes. Issue consists of 10-year and 12-year notes with 1.9% coupon.
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One Heritage Group PLC - residential developer focused on the north west of England - Inks first construction finance facility with Blackfinch Group in Oscar House development, Manchester. "The facility is for a net amount of GBP3.5 million over an 18-month term with a 9.6% nominal interest rate. The facility is drawn down as construction costs are incurred on Oscar House," One Heritage.
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Arrow Global Group PLC - Manchester-based buyer of debt from banks, credit card companies and telecommunications businesses - Says takeover by investment funds managed by TDR Capital LLP backed in court and general meeting. Now awaiting antitrust clearance. Arrow agreed to GBP563 million takeover back in March.
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Sealand Capital Galaxy Ltd - financial and strategic support provider to entrepreneurs - Financial Conduct Authority hands two-month extension to reporting of annual report and accounts for yeah ended December 31. Now expects to announce results on June 30.
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Alpha Financial Markets Consulting PLC - London-based consultancy for asset and wealth management industry - Raises GBP31 million in placing and subscription. On Thursday, Alpha Financial agreed to buy US-based provider of specialist consultancy services to the alternative investment industry Lionpoint Holdings Inc for up to USD90 million.
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Kistos PLC - London-based energy sector investor - Seals buy of Tulip Oil Netherlands BV. "The board of Kistos is also pleased to announce that it has sanctioned, subject to partner approval, the appraisal of the Q11-B discovery as well as a drilling and workover campaign on the Q10-A field. Drilling activities are expected to commence in the second half of 2021. The primary objectives are to appraise additional horizons in the Q10-A area whilst enhancing potential production rates with the sidetrack of the Q10-A04 well and workover of the Q10-A06 well," company adds.
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Pathfinder Minerals PLC - Mozambique-focused natural resources explorer - Notes new title holder of mining concession 4623C in Mozambique, TZM Resources SA, should be on notice that it may lose investment at asset amid dispute of ownership. The concession was previously licensed to Pathfinder Minerals. "We believe that a successful Treaty claim against the Government of Mozambique in respect of the licence would likely prevent any attempt by TZM, or such other third-party, to develop the licence. It is right therefore that the company's solicitors should place TZM on notice of its potential exposure in relation to the licence which was diverted from Pathfinder in 2011 through a process which we believe was unlawful," Chief Executive Officer Peter Taylor says.
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Bacanora Lithium PLC - developer of Sonora lithium project in Mexico - Reports on progress at Sonora lithium project, Mexico. Says removed and stored the surface vegetation and topsoil in area needed for processing plant. "This work was carried out with the help of a local specialist ecological services company based in Sonora in compliance with the highest environmental standards," Bacanora says. Has bought Las Perdices land package located south of existing areas it bought in 2019. "These additional 9,000 hectares will provide the company with greater access to flatter land, ensuring reduced earthwork costs alongside vital emergency access," Bacanora says. "The Bacanora construction team has now also commenced upgrading the temporary construction access road. This follows the completion of the preparatory work required, as detailed in February 2021, to ensure access to the minesite for the heavy equipment to commence the bulk site earthworks later this year," company adds.
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Tower Resources PLC - Africa-focused oil and gas company - Gets "favourable" verdict from tax tribunal which dismisses HMRC's appeal.
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Alba Mineral Resources PLC - mineral exploration and development company with assets in Greenland and the UK - Starts phase 2 underground diamond drilling at Clogau-St David's gold mine. "The main focus of Phase 2 is to continue with the exploration and delineation of the main lode to the north," Alba adds. Says two holes completed to date.
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BlueRock Diamonds PLC - South African-focused diamond miner - Says Teichmann Group to provide GBP1.6 million loan note, which will be replaced with convertible loan note. CLN would boost Teichmann's stake to roughly 49% if converted. Adds it has completed 80% of expansion work at Kareevlei mine.
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Bluejay Mining PLC - exploration and development company with projects in Greenland and Finland - Says meeting with mining minister in Greenland was "positive". Bluejay CEO Bo Stensgaard and Managing Director of Dundas Titanium Hans Jensen met with Jorgen Hammenken-Holm, deputy minister of mineral resources and Naaja Nathanielsen, new minister for housing, infrastructure, mineral resources & gender equality in Greenland. "During the meeting, Ms, Nathanielsen, who was appointed following the recent general election in Greenland, reaffirmed the government's support for the Mining Industry in Greenland and confirmed that Greenland continues to support the Mineral Strategy 2020-2024, which provides the framework for the further development of mineral resources in country," Bluejay says.
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Aura Energy Ltd - Australia-based minerals company - Completes rights issue, securing AUD5.8 million, about GBP3.2 million.
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Shield Therapeutics PLC - Newcastle, England-based pharmaceutical firm focused on iron deficiency - Says Accrufer on track for US launch at end of June. "A huge amount has been achieved in the last two months since the fundraise completed and I am very grateful to all Shield employees, and in particular to Brian Groch and his US team, for the efforts they are making to prepare for launch. This is a very exciting time for Shield and I am looking forward immensely to the Accrufer launch and the large opportunity available," Chief Executive Officer Tim Watts says.
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Novacyt SA - biotechnology group focused on clinical diagnostics - Says dispute with UK Department of Health & Social Care may now hurt first quarter revenue generated from government pacts. In April, company said its supply contract with DHSC was not being renewed. "Both parties are now in dispute regarding the contract, which may have a material impact on the fourth quarter of 2020 revenue. However, the company has taken legal advice and believes it has strong grounds to assert its contractual rights," Novacyt said in April.
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Sensyne Health PLC - Oxford, England-based clinical technology using artificial intelligence - Signs first US research pact with St Luke's University Health Network. "The agreement will enable the ethical application of clinical AI research to improve patient care and accelerate medical research," Sensyne says. In addition, company announces commercial development collaboration with Phesi Inc. "The collaboration marks the first time that Sensyne and Phesi have entered a joint commercial collaboration with a pharmaceutical client since they entered into a strategic alliance in January 2021," company adds. "The development work to be undertaken involves the analysis of anonymised and de-identified real world patient data available to Sensyne with Phesi's clinical trial data in order to optimise the design of a clinical trial programme for the client."
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Induction Healthcare Group PLC - AIM-listed healthcare technology company - Proposes acquisition of Attend Anywhere Pty Ltd for GBP15.6 million plus amount equal to Attend's net assets on completion, estimated to be around GBP800,000. In addition, Induction will issue 14.3 million shares. As part of acquisition, company plans GBP25 million placing, through issue of 35.7 million shares at 70 pence each. "Part of the proceeds of the placing will be used to fund the cash consideration in respect of the acquisition and the remainder will be used to provide the group with additional working capital," Induction says.
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Quartix Holdings PLC - vehicle tracking systems supplier - Says trading in four months to April 30 in line with market expectations. Quartix is, according to market consensus, expected to post 2021 GBP25.6 million in revenue and GBP5.1 million in adjusted earnings before interest, tax, depreciation and amortisation. In addition, company says Emily Rees promoted to chief financial officer and joins board as executive director immediately. Replace Daniel Mendis "who will now devote his time entirely to commercial and operational matters".
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Invinity Energy Systems PLC - Jersey-based battery manufacturer - Reports short delay to annual report but says audit "well advanced". To release "detailed operational and financial update" for 2020 on May 27. "The results will be released as soon as possible and within the regulatory requirement to publish during June," Invinity says.
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Physiomics PLC - oncology consultant based in Oxford - Wins two further contracts from existing client Bicycle Therapeutics that it tips for completion over next six months.
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Sativa Wellness Group Inc - Vancouver, British Columbia-based 'seed-to-consumer' cannabidiol products - Reports closing of second and final tranche of USD4.6 million private placement.
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Proactis Holdings PLC - Wetherby, England-based cash management software company - Hit by cyber security incident but adds no customer systems affected. Calls on external experts to probe matter, investigations ongoing.
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7digital Group PLC - digital music company - Notes Universal Music Group signs licence deal with Triller. Deal allows use of UMG's music on Triller app. "7digital continues to provide Triller with services from the company's platform under the existing terms of its 18-month contract signed in August 2020," 7digital says.
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MobilityOne Ltd - Jersey-registered, Kuala Lumpur, Malaysia-based e-commerce payments platform - Says Malaysia unit MobilityOne Sdn Bhd receives license from MasterCard Asia/Pacific Pte Ltd to issue prepaid cards in Malaysia. "In addition, the Society for Worldwide Interbank Financial Telecommunication, the world's leading provider of secure financial messaging services, has permitted MobilityOne Malaysia to join its network," company says. "The group will generate revenue from the sale of prepaid cards, the percentage of commissions for the transactions via the prepaid cards and from potential e-wallet white label hosting arrangements." MobilityOne says it does not expect "significant revenue or earnings contribution from either of these arrangements in the current financial year". Shares closed 24% higher on Friday.
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By Eric Cunha; ericcunha@alliancenews.com
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