GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAMP.L Share News (AMP)

  • There is currently no data for AMP

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Amphion increases NAV through Motif Bio investment

Thu, 23rd Jun 2016 13:27

(ShareCast News) - Medical and technology business developer Amphion Innovations announced its audited results for the 2015 calendar year on Thursday, in which it increased its net asset value per ordinary share in the company by 0.7p to 3.8p.The AIM-traded firm raised £2.1m during the period, through a placing of new ordinary shares in June and the exercise of warrants throughout the period.Cash resources at year-end totalled $0.9m, and the firm reduced its total liabilities by $1.4m."The rise in our net asset value per ordinary share was mainly due to the increase in the value of our holdings in Motif Bio," said Amphion CEO Richard Morgan."Following its successful IPO in April 2015, Motif concluded a financing in July to raise £22m before expenses in a placing with several leading institutional investors, at a price significantly higher than the IPO price."We believe Motif has a very bright future and is now on its way to becoming a significant player in the antibiotic market, which has a growing need for novel therapies," Morgan explained.He said Amphion remained committed to working closely with Motif to help it achieve its goals."In addition, we now have the opportunity to move forward one or two other partner companies and, for the first time in many years, to begin to explore the possibility of adding to Amphion's portfolio."We look forward to the future with renewed confidence and to being able to report further progress from our partner companies in due course," Morgan explained.
More News
5 Jun 2014 10:57

Amphion Innovations Gets Loan To Tide Itself Over Until Cash Inflows Arrive

LONDON (Alliance News) - Amphion Innovations PLC Thursday said it it had been granted a loan facility by an unnamed institutional lender, which it will use for working capital ahead of expected cash inflows it is set to receive in the next six to 12 months. The developer of medical and tech

Read more
14 Apr 2014 11:06

Amphion Innovations Subsidiary Receives Favourable Appeal Ruling

LONDON (Alliance News) - Amphion Innovations PLC said Monday that its subsidiary DataTern Inc had got a broadly favourable decision on its appeal as part of its ongoing legal battles with SAP AG and Microsoft Corp. The companies took action against DataTern over two database patents, after

Read more
28 Jan 2014 08:56

Amphion Innovations Revises Terms, Extends Date On Promissory Notes

LONDON (Alliance News) - Amphion Innovations PLC Tuesday said it had reached agreement with holders of its convertible promissory notes to extent the conversion date on the notes to December 31, 2015 on revised terms. In a statement, the company said the notes are now convertible at 10 penc

Read more
14 Nov 2013 10:53

CORRECT: Amphion Innovations Partner Kromek Launches IPO, Partner WellGen Receives Grant

Read more
13 Nov 2013 13:24

Amphion Innovations Partner Kromer Launches IPO, Partner WellGen Receives Grant

Read more
24 Sep 2013 13:24

Amphion Innovations Swings To Loss As It Awaits Copyright Ruling

Read more
12 Sep 2013 14:09

Amphion Innovations jumps on back of Kromek AIM float

A proposed London flotation for one of its investments invigorated shares in private equity incubator Amphion Investments. Amphion, which invests in small medical and technology companies with promising intellectual property, jumped on the news that Durham University spin-out Kromek intends to flo

Read more
12 Sep 2013 12:15

UK Winners & Losers: AMEC Gains While Kentz Falls As Takeover Talk Ends

Read more
12 Sep 2013 08:26

Amphion Innovations Shares Rise As Kromek Group Seeks AIM Listing

Read more
18 Apr 2013 16:27

Shanta Gold director builds stake after strong results

Shanta Gold, an AIM-listed miner, announced Thursday that Luke Leslie, a Non-Executive Director of the company, bought 193,891 shares. Leslie, who joined the board in August last year, bought the shares at 13p each for a total of £25,206. On Monday the East Africa focused gold producing company

Read more
28 Sep 2012 17:17

Vectura director exercises options after milestone payment

Shares of Cambridge-based Vectura rose after it confirmed the Japanese government has approved its Seebri inhalation capsules used in inhaler devices. The shares rose 2p to 86.5p, on news that government clearance will trigger a £2.5m milestone payment for Vectura from its partner Novartis. Whethe

Read more
23 Jul 2012 16:32

XP Power Chairman keeps the faith

James Peters, the Deputy Chairman of XP Power, which makes power control components for the electronics industry, underlined his support of the company with the purchase of 11,000 shares on the same day the company posted declining half year revenue and profits. Peters handed over 1,010.50p per sh

Read more
20 Jul 2012 14:17

Small caps round-up: Treveria, Leaf Clean, Goals...

Treveria, a German retail-focused real estate investment company, has entered into a standstill agreement with Deutsche Bank to facilitate discussions relating to an existing debt facility with the bank. In July last year the firm signed a one year loan extension the debt facility. Leaf Clean Ener

Read more
2 Feb 2012 12:17

Small caps round-up: Caza, Tower Resources, Noventa...

Mining firm Noventa says that operations have suffered from a "plague" of beetles as a result of tropical storms which have hit the firm's Marropino site in Mozambique over the past 10 days. The Rove Beetle is very poisonous and around 30% of the workforce at Marropino have been affected by the seve

Read more
22 Jul 2011 15:18

Colt boss buys on weakness

Colt chief executive Rakesh Bhasin took advantage of a sharp drop in the communications company's share price to buy a big stake. The firm, which used to be called City of London Communications, yesterday announced a revenue decline of 3.5% in the first half of the year, mainly driven by a decline

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.