ALM.L Share News (ALM)

Allied Minds narrows loss; reviews assets distribution to shareholders

(Alliance News) - Allied Minds PLC on Wednesday reported a narrowed loss for 2021 as it undertakes a formal strategic review that could lead to a distribution of all assets and cash to shareholders.

UK earnings, trading statements calendar - next 7 days

Allied Minds Chair Rein to remain until results publication on June 15

(Alliance News) - Allied Minds PLC on Tuesday said it now expects to publish its annual results on June 15. As a result, current Chair Harry Rein will remain in his role until then to sign off the report and accounts.

IN BRIEF: Allied Minds notes funding growth for Federated Wireless

Allied Minds PLC - Boston, Massachusetts-based intellectual property commercialisation company - Wireless communications portfolio company Federated Wireless Inc closes additional USD14 million in its series D funding, bringing the total for the round to USD72 million from USD58 million. Federated's post money-valuation now stands at USD302 million, up from USD215 million reported in Allied's 2020 results following series C funding. Allied's fully diluted ownership is now 24%.

EXECUTIVE CHANGES: Allied Minds and WH Ireland chairs to depart

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:

UK shareholder meetings calendar - next 7 days

IN BRIEF: Allied Minds completes disposal of Touch Bistro shareholding

Allied Minds PLC - Boston, Massachusetts-based intellectual property commercialisation company - Completes the disposal of its residual shareholding in Toronto-based software company TouchBistro Inc for CAD5.5 million, or GBP3.3 million. Says this is in line with its strategy to monetise its investment portfolio. Of the sale proceeds, CAD5.0 million has been received and CAD530,000 is to be held in escrow, with an initial release date in the third quarter of this year.

IN BRIEF: Allied Minds launches formal sale process

Allied Minds PLC - Boston, Massachusetts-based intellectual property commercialisation company - Will hold requisitioned general meeting on April 5 to table resolution put forward by shareholder Crystal Amber Fund Ltd for the removal of Chair Harry Rein. Company has advised shareholders to vote against the resolution.

TRADING UPDATES: Bank of Cyprus swings profit; Sareum loss widens

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

IN BRIEF: Crystal Ambers seeks removal of Allied Minds Chair Rein

Crystal Amber Fund Ltd - Guernsey-based investment company - Sends requisition notice to Allied Minds PLC - in which Crystal Amber is an 18% shareholder - to convene a general meeting in which it will table a resolution proposing the removal of Chair Harry Rein as director.

IN BRIEF: Allied Minds notes expansion by investee Federated Wireless

IN BRIEF: Allied Minds notes expansion by investee Federated Wireless

Allied Minds sells 70% stake in Spark Insights to Concirrus

Allied Minds sells 70% stake in Spark Insights to Concirrus

IN BRIEF: Allied Minds loss narrows; mixed portfolio performance

IN BRIEF: Allied Minds loss narrows; mixed portfolio performance

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days