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Pin to quick picksBelluscura Share News (BELL)

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Share Price: 12.50
Bid: 12.00
Ask: 13.00
Change: -0.25 (-1.96%)
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Open: 12.75
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TRADING UPDATES: Block Energy ups production; SEEEN wins new customers

Fri, 08th Apr 2022 21:57

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

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SEEEN PLC - London-based video editing platform - Wins further three customers. The first agreement is with US sports league A7FL Sports League and will see SEEEN drive all videos from the start of its new season on A7FL's website using CreatorSuite as well as give access to SEEEN's YouTube optimisation services. Second its with a unnamed UK financial markets publisher to drive videos to its website. Final agreement is with an unnamed US web publisher to join the company's multi-channel network.

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Block Energy PLC - London-based oil and gas company focused in Georgia - Reports a production of 46.1 million barrels of oil equivalent in the first quarter of 2022, up 33% from 34.6 million barrels of oil equivalent in the final quarter of 2021. Revenue in the quarter, however, drops 7.4% to USD2.4 million from USD2.6 million in the fourth quarter of 2021. Says production was impacted due to well WR-38Z being off-line.

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Mast Energy Developments PLC- London-based developer of reserve power generations plants - Says it is in the process of finalising a proposed acquisition of a 7 megawatt construction-ready synchronous gas reciprocating site. Decides to prioritise and fast-track the acquisition. Once complete, company expects production capacity of 25.4 megawatts. Also in process of finalising an equipment purchase agreement for synchronous gas reciprocating engines and associated equipment with 10.5 megawatt electricity generating capacity to fast-track electricity production at the site. Considering the re-purposing of Rochdale project and will investigate the feasibility to convert Rochdale into a battery-only site.

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United Oil & Gas PLC - Dublin-based oil and gas company with assets in Egypt, the UK, Italy and Jamaica - Receives approval from the Ministry of Ecological Transition in Italy for the transfer of ownership of United Oil & Gas Italia SRL to Prospex Energy PLC. The agreement was signed in August 9 for a total consideration of EUR2.2 million.

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AdEPT Technology Group PLC - London-based information technology provider - Reports "strong finish" to the year ended March 31 despite challenges arising from the pandemic, in particular supply chain disruption. Expects revenue and adjusted earnings before interest, tax, depreciation and amortisation to be broadly in line with current market forecasts. Adds over 100 new customers in the year. Looking forward, company expects supply chain issues to continue and "unavoidable" additional operating costs. Remains confident in long-term market opportunity.

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Belluscura PLC - London-based medical device developer - Wins distribution and pricing agreement code from the US Defense Logistics Agency through its distribution partner Lovell Government Services Inc. The US DLA procures items from manufacturers and suppliers and provides them to the Department of Defense and other federal and state customers. Chief Executive Robert Rauker says: "Receiving the DAPA code opens up a significant sales opportunity for the X-PLOR as it is now available through the DLA system which includes the military installations, military hospitals and other federal and state agencies serviced by the DLA."

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By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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Belluscura sees financial hit from delay to closing TMT acquisition

(Alliance News) - Belluscura PLC on Tuesday warned sales and adjusted earnings would be below market expectations due to the delay in closing the acquisition of TMT Acquisition PLC.

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Belluscura enters partnership with Sunset HealthCare

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9 Feb 2024 11:52

Belluscura bid for TMT Acquisition goes unconditional

(Sharecast News) - Belluscura announced on Friday that the all-share offer for the acquisition of TMT Acquisition had gone unconditional.

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9 Feb 2024 10:02

AIM WINNERS & LOSERS: Belluscura shares up as wraps up TMT takeover

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Belluscura rises as TMT Acquisition takeover offer becomes unconditional

(Alliance News) - Belluscura PLC on Friday said its takeover offer for TMT Acquisition PLC has become wholly unconditional.

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TRADING UPDATES: Nexxen expands partnership; Geiger considers listing

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

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7 Feb 2024 21:57

IN BRIEF: Belluscura says all but one condition satisfied for TMT buy

Belluscura PLC - London-headquartered medical device developer - After announcing in January the revised terms of an all-share offer by Belluscura for the whole of the issued share capital of TMT Acquisition PLC, Belluscura says that the full terms and conditions have now been satisfied or waived. This is apart from a final condition, which is for the admission of new Belluscura shares to be issued in respect of the offer to trading on AIM. Adds that the offer remains open for acceptances, and TMT Acquisition shareholders who have not yet accepted the offer "are urged to do so as soon as possible".

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UPDATE: MicroSalt shares jump after IPO but investor Tekcapital falls

(Alliance News) - Tekcapital PLC on Thursday said its investee MicroSalt PLC has commenced trading on AIM, with the low-sodium salt producer also celebrating a successful fundraise.

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Tekcapital shares fall but "excited" as MicroSalt completes IPO

(Alliance News) - Tekcapital PLC on Thursday said its investee MicroSalt PLC has commenced trading on AIM, with the low-sodium salt producer also celebrating a successful fundraise.

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24 Jan 2024 12:47

IN BRIEF: Tekcapital raises GBP570,000 via sale of Belluscura shares

Tekcapital PLC - London-based intellectual property investor - Sells 3.5 million shares in AIM-listed medical device developer Belluscura PLC at a price of 16.15 pence each, raising GBP565,250. Following the share sale, Tekcapital owns 7.7% of Belluscura.

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19 Jan 2024 18:18

IN BRIEF: TMT accepts revised offer terms from Belluscura

Belluscura PLC - London-headquartered medical device developer - Updates regarding offer for TMT Acquisition PLC. Agrees to increase the number of new Belluscura shares to be offered in exchange for TMT acquisition shares. TMT considers the revised terms fair and reasonable and recommends shareholders accept. Under the increased terms TMT shareholders will receive: 1 new Belluscura share in exchange for every TMT Acquisition share.

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TRADING UPDATES: K3 Business says cash balances ahead of forecast

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20 Dec 2023 14:07

Belluscura confident in outlook after getting China approval

(Sharecast News) - Belluscura has gained approval to distribute its X-PLOR portable oxygen concentrator (POC) in China, it announced on Wednesday, under a licensing agreement with InnoMax Medical Device Technologies.

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