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(Alliance News) - The following is a round-up of updates by London-listed companies, issued Wednesday and not separately reported by Alliance News:
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Liontrust Asset Management PLC - FTSE 250-listed London-based investment fund manager - Nearly 46% of shareholders vote against company's director remuneration policy at general meeting on Wednesday. Over 44% vote against adoption of the LTIP plan rules. "While the two resolutions were passed, the Remuneration Committee is acutely conscious of the votes against and will reflect on feedback from those shareholders. The company will continue its policy of full transparency with proactive engagement with its shareholders on aspects of remuneration going forward. In line with the UK Corporate Governance Code, we will provide an update within six months of this general meeting," company says. Notes it "undertook extensive and positive engagement" with its top 20 shareholders on the pay proposals ahead of the meeting.
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RTW Venture Fund Ltd - New York-based investor in life sciences, biopharmaceutical, and medical technology companies - Confirms participation in Series B financing round for Third Harmonic Bio Inc. Third Harmonic Bio completes USD50 million Series A financing and USD105 million Series B financing. "Third Harmonic Bio is a privately held clinical-stage biotechnology company developing a first-in-class, selective, oral KIT inhibitor for the treatment of severe allergy and inflammation. The proceeds from the financing rounds are expected to fund development of the company's lead candidate, THB001, through the next phase of human studies."
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Brunner Investment Trust PLC - London-based investment firm - Net asset per share ends November 30, 2021 at 1,176.9 pence versus 988.7p at same point year before. "Stock markets in 2021 witnessed strong returns, led by the US and Europe, interspersed with bouts of volatility. Against this backdrop, we are pleased to report that the company's NAV per ordinary share rose by 21.5% on a net dividends reinvested basis with debt at fair value, our key performance measure. This was marginally ahead of the composite benchmark index - 70% FTSE World Ex-UK and 30% FTSE All-Share Index - which rose by 21.1% on a total return basis over the period," company says. "This marks a third year of outperformance against the benchmark. It is particularly pleasing to see this outperformance in the radically different market conditions of these years." Proposes final dividend of 6.05p, taking total dividend to 20.15p, up from 20.06p year before.
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Hemogenyx Pharmaceuticals PLC - London-based developer of drugs for blood diseases - Receives notification from US Food & Drugs Administration that proposed pre-investigational new drug meeting for its lead product candidate chimeric antigen receptor T-cells is to be deferred until May 2022. Notes US regulator's general policy to prioritise work on Covid. "The deferment of the meeting is not causing any delay in the development of the product candidate. In the meantime, the process will be dealt with by written responses by the FDA to a submission which is now being refined," company says.
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Crossword Cybersecurity PLC - London-based cyber security and risk-focused technology commercialisation company - Says the IASME Consortium Ltd, the UK's government cyber essentials partner selects Rizikon Assurance as the core platform to support a new Maritime Security certification. "IASME, has a proven record for delivering recognised certifications and is scaling its portfolio to include a new Maritime Cyber Baseline scheme. The Maritime Cyber Baseline scheme provides an affordable and practical way for shipping operators and vessel owners to improve their cyber security to reduce the likelihood of a cyber-attack disrupting their day-to-day operations," company explains.
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Silver Bullet Data Services Group PLC - London-based provider of digital transformation services and products - Highlights number of recent 4D context outcomes engine engagements with its flagship digital marketing product. Notes AXA UK, Renault and Greene King among firms using 4D context outcomes engine. Chief Executive Ian James says: "We are delighted to have secured these project wins through our 4D technology platform delivering business advantage and market leading outcomes for clients. 4D is a product designed for the post-cookie era, and an important part of Silverbullet's overall data offering. To work with such prestigious brands and companies to improve marketing outcomes demonstrates the long-term value that 4D brings to the advertising ecosystem. I look forward to further updating the market in due course."
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Hydrogen Utopia International PLC - London-based company specialising in turning non-recyclable mixed waste plastic into carbon-free fuels - Acknowledges no agreement exists with Mitsubishi Heavy Industries Ltd. In mid-January, said it signed a LoI with the Japanese firm for Mitsubishi to review technology and explore the commercial opportunities for developing waste plastic to hydrogen facilities. Company on Wednesday says: "HUI continues to explore opportunities in Japan and is hopeful that it may work with MHI in the future."
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i(x) Net Zero PLC - St Helier, Jersey-registered investment firm focused on energy transition and sustainability - Investee WasteFuel launches new WasteFuel Agriculture product. Company says: "Using proven technologies, WasteFuel Agriculture will convert farm waste into low-carbon fuels, such as renewable natural gas and bio-methanol, which can be used in land and marine transport. Compared to conventional fuels, WasteFuel aims for its fuels to cut greenhouse gas emissions by up to 90%. In addition to producing low-carbon fuel, WasteFuel Agriculture gives farms the ability to sell biogenic farm waste that would otherwise decompose and release methane and carbon dioxide."
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Lekoil Ltd - London-based oil and gas exploration and production company with projects focused in Nigeria and West Africa - Says Olalekan Akinyanmi applies to restrain company from acting on resolutions 8 and 9 from annual general meeting. "The notice of motion is expected to be heard in early to mid-March 2022. The company considers that the claim is entirely without merit and will defend the claim in the normal manner. Further updates in relation to the claim will be made as appropriate," company adds.
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Power Metal Resources PLC - London-based metal discoveries company with projects focused in Africa, Australia and North America - Says focus for majority-owned subsidiary Golden Metal Resources Ltd remains preparing London listing. Chief Executive Paul Johnson adds: "Our preparatory work has revealed positive findings with a growing target base for potential resource expansion at Pilot Mountain project and emboldening our belief in the potential of Golconda, Garfield and Stonewall projects."
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Aura Energy Ltd - Australia-based minerals company with polymetallic and uranium projects in Europe and Africa - Notes JORC compliant resource estimate for 18.4 million pounds vanadium contained within its Tiris Uranium deposits in Mauritania. Acting Chief Executive Will Goodall says: "The inclusion of vanadium in the resource estimates for Tiris gives Aura a wonderful opportunity to explore further operating cost reductions through addition of vanadium pentoxide as a by-product to uranium. This vanadium resource estimate provides the initial step to further optimise the low cost Tiris project and we are excited by the prospect of further enhancing the project in this way."
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Contango Holdings PLC - natural resource development company - Says results from aero-magnetic studies 100%-owned Garalo-Ntiela gold project in Mali yield "multiple high-grade potential target zones". Notes 50% of the ongoing induced polarisation survey has been completed. Says IP survey, coupled with the results of the aero-magnetic studies and historic drilling will enable the company to finalise its 2022 drill programme, intended to firm up the targeted resource of 1.8 million ounces to 2 million ounces gold. Chief Executive Carl Esprey says: "Given the potential scale of Garalo-Ntiela, the Company has benefited from heightened interest in the project by third parties. Whilst these discussions are at a relatively early stage, it certainly highlights the optionality we have with this project and the international interest which has been generated by our work so far."
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Helium One Global Ltd - London-based exploration & development company - Pretax loss in year to June 30 widens to USD5.2 million from USD2.3 million loss in same period year before. Administrative expenses rises to USD3.0 million from USD2.3 million and notes USD2.3 million impairment on acquisition in the period, which was not incurred year prior. Does not generate revenue in either period. Chair Ian Stalker says: "The period to June 2021 has been transformational for Helium One as we continue along the road to seeking a globally strategic discovery. Helium remains in critical short supply and a new source of primary helium without associated hydrocarbon production is required to balance the market. Helium One has the capacity to discover this new source and become a strategic player in resolving long term supply issues."
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By Paul McGowan; paulmcgowan@alliancenews.com
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