Kibo Energy shakes up board, issues shares and may delist from JSE
(Alliance News) - Kibo Energy PLC on Friday announced a corporate restructuring that involves a board overhaul, capital raise and repositioning of the group.
Read moreWed, 01st Jun 2016 12:50
(Alliance News) - Kibo Energy PLC on Friday announced a corporate restructuring that involves a board overhaul, capital raise and repositioning of the group.
Read more(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Monday and not separately reported by Alliance News:
Read moreAscent Resources PLC - London-based oil and gas company - 2023 pretax loss narrows to GBP851,000 from GBP41.9 million the previous year. Revenue more than doubles to GBP1.4 million from GBP581,000. Company to develop onshore US gas and helium strategy going forward.
Read more(Alliance News) - Ascent Resources PLC on Friday announced it expects sales of gaseous helium to begin shortly.
Read more(Sharecast News) - Ascent Resources updated the market on operations in its investment into GNG Partners, the owner of the 60 million standard cubic feet Lisbon Valley gas and helium processing plant in Utah, on Friday.
Read moreAscent Resources PLC - oil and gas exploration company focused on European onshore projects - Raises around USD1.7 million to help fund investment into a private US holding company, GNG Partners LLC. Notes GNG Partners has been formed to acquire onshore US midstream gas distribution and processing facilities, which use helium purification and liquefaction. Raises GBP555,000 through the issue of 24.1 million shares at 2.3 pence each, with one for three warrants attached exercisable at 140% of the issue price at any time in the next four years. This comprises a GBP390,000 placing and GBP165,000 subscription at the issue price. Further, enters into a new USD2 million senior secured fixed coupon loan facility with institutional investor RiverFort Global Opportunities PCC Ltd. Explains an initial USD1 million loan amount has been issued on a 12-month term. The fundraise and the initial loan will be used to fund the investment into GNG alongside the company's ongoing costs to build out the new strategy. Ascent says it has provided a convertible loan of USD1 million to GNG which has bought the assets of Paradox Resources LLC out of Chapter 11 bankruptcy.
Read more(Alliance News) - Ascent Resources PLC on Thursday said that its subsidiary Ascent Slovenia Ltd filed its claim in the Geoenergo insolvency process.
Read more(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Read moreTuesday 27 February | |
abrdn Diversified Income & Growth PLC | AGM |
Asian Energy Impact Trust PLC | GM re annual accounts |
Custodian Property Income REIT PLC | GM re merger with abrdn Property Income Trust Ltd |
JPMorgan Mid Cap Investment Trust PLC | GM 2nd re merger with JPMorgan Mid Cap |
LondonMetric Property PLC | GM re merger with LXi REIT Plc |
Victorian Plumbing Group PLC | AGM |
Vinanz Ltd | AGM |
Wednesday 28 February | |
abrdn Property Income Trust Ltd | GM re merger with Custodian Property Income REIT PLC |
Beacon Rise Holdings PLC | EGM re continued pursuit of an acquisition |
Downing Strategic Micro-Cap Investment Trust PLC | GM re managed wind-down |
Image Scan Holdings PLC | AGM |
PPHE Hotel Group Ltd | EGM re waiver of mandatory offer provisions |
Verditek PLC | GM re disposal of solar business |
Thursday 29 February | |
Capital for Colleagues PLC | AGM |
Home REIT PLC | AGM |
IntegraFin Holdings PLC | AGM |
Intuitive Investments Group PLC | AGM |
Shanta Gold Ltd | GM re acquisition by ETC Holdings |
Vast Resources PLC | GM re capital reorganisation |
Watkin Jones PLC | AGM |
Zytronic PLC | AGM |
Friday 1 March | |
Virgin Money UK PLC | AGM |
Monday 4 March | |
Ascent Resources PLC | GM re bonus issue of preference shares |
JPMorgan Emerging Europe, Middle East & Africa Securities PLC | AGM |
Lexington Gold Ltd | AGM |
Comments and questions to newsroom@alliancenews.com | |
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(Alliance News) - Ascent Resources PLC shares were up on Friday, after a tribunal rejected the Slovenian government's challenge against a EUR656.5 million claim by the company.
Read moreAscent Resources PLC - mineral exploration and development company with gold mining interests in Turkey, Cyprus and Kosovo - Say it was informed that Ascent Slovenia Ltd's Slovenian joint venture partner Geoenergo doo has had its application to enter insolvency approved. Says it is now filing an appeal against the decision of the court in relation to this "unprecedented" situation and will register its claim with the competent court, while "continuing to pursue civil and criminal areas of redress against the former management and stakeholders of Geoenergo". Says further announcements will be made "as necessary".
Read more(Sharecast News) - Energy and natural resources company Ascent Resources updated the market on recent developments related to its joint venture partner Geoenergo on Monday.
Read more(Alliance News) - Ascent Resources PLC on Monday said Ascent Slovenia Ltd successfully prevented its Slovenian joint venture partner Geoenergo doo's immediate insolvency.
Read more(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.
Read more(Alliance News) - Ascent Resources PLC on Monday said its joint venture partner Geoenergo doo has started insolvency proceedings in Slovenia, following an arbitration tribunal.
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