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Pin to quick picksBeowulf Share News (BEM)

Share Price Information for Beowulf (BEM)

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Share Price: 39.50
Bid: 35.00
Ask: 44.00
Change: 0.00 (0.00%)
Spread: 9.00 (25.714%)
Open: 39.50
High: 39.50
Low: 39.50
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EARNINGS AND TRADING: Roadside Real Estate trims Cambridge Sleep stake

Wed, 20th Mar 2024 16:18

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

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Roadside Real Estate PLC - Abingdon, England-based investor in roadside property and in consumer and life sciences companies, formerly called Barkby Group PLC - Sells 952 shares in its subsidiary, Cambridge Sleep Sciences for GBP6.0 million to CGV Ventures 1 Ltd. Explains this implies significant upside to the company's retained shareholding in CSS. Roadside says the consideration will be paid in cash by not later than April 25. On completion, Roadside's stake in CSS will reduce from 75% to 65%. Roadside originally invested GBP2.7 million in CSS in March 2020. Proceeds will reduce debt and fund working capital. Continues to explore the potential for a trade sale and de-merger of CSS. CGV Ventures 1 Ltd. is a US-based venture capital fund which specialises in taking minority positions in innovative healthcare companies.

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Mobile Streams PLC - London-based mobile content provider - Completes placing to raise GBP300,539. Notes a broker option is expected to raise a further GBP100,000, and a subscription an extra GBP30,000. Proceeds will be used to provide additional working capital to expand operations in Mexico as outlined in December.

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Beowulf Mining PLC - minerals and metals exploration company with operations in the Nordics including the Kallak iron ore asset in northern Sweden - Confirms management have subscribed for GBP218,000 of shares in relation to capital raise. Notes the subscription period for the fundraise runs until March 28.

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Zenith Energy Ltd - Oil and gas company focused on assets in Africa and Italy - Issues update regarding the international arbitration proceedings it has initiated against the Republic of Tunisia and ETAP, the national oil company of Tunisia. Says the tribunal for the arbitration is expected to convene in April with a decision expected by the close of 2024. Notes this claim - against ETAP - is for around USD7.5 million. Further, states a decision on the USD85.8 million claim against the Republic of Tunisia is expected during the first quarter of 2025. A further claim against Tunisia for at least USD48 million is expected to conclude in 2027. Chief Executive Andrea Cattaneo says: "Zenith is fully confident in the merits of the arbitrations. We shall look to initiate a process to determine and grant an extraordinary dividend to shareholders following a potential successful outcome."

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PYX Resources Ltd - minerals exploration and development company focused on projects in Indonesia - Announces its first export of ilmenite following receipt of an export licence in March. Notes a total of 1,040 tonnes of ilmenite at a grade of 45% titanium dioxide has been exported to a customer in China. Further exports are anticipated in the near term.

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Symphony International Holdings Ltd - Asia-focused investment company focusing on healthcare, hospitality, lifestyle, logistics and education sectors - Net asset value at December 31 was USD0.74 per share, down 23% from USD0.97 the year prior. Points out two thirds of the decrease was due to a drop in valuation of Indo Trans Logistics Corp, Vietnam's largest independent integrated logistics company. Explains global markets faced significant challenges in 2023, primarily driven by persistent inflation. But, notes signs of inflation easing and rising expectations of interest rate cuts since the end of 2023 have facilitated a reversal in financial markets that continued to gain momentum in early 2024.

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Oxford Biomedica PLC - Oxfordshire, England-based gene and cell-therapy company - Year-to-date, reports consistently strong demand for its cell and gene therapy CDMO services across all key viral vector types, with its portfolio of client programmes transitioning towards later stage work. As a result, says company is now working on three late-stage programmes. Oxford Biomedica says it recently signed a contract with a new undisclosed US-based biotechnology company for the manufacture of lentiviral vectors. Notes manufacturing will take place at the company's Oxford-based manufacturing facility. Further, signs two new programmes with existing clinical-stage clients for projects including process development and GMP manufacturing. In addition, inks new agreement with a US-based client specialising in cardiac gene therapy for the tech transfer, optimisation and manufacture of an adeno-associated virus-based process.

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Poolbeg Pharma PLC - London-based clinical-stage biopharmaceutical company targeting diseases with a high unmet medical need - Receives notice of allowance from the US Patent Office in relation to its Immunomodulator II patent application. A notice of allowance is a precursor to the expected formal grant of a patent in due course, Poolbeg explains. The claims which the US Patent Office have deemed acceptable to grant cover a class of drugs, including POLB 001, for treating hypercytokinaemia and for preventing hypercytokinaemia in a patient after an immune response has been triggered. Chief Executive Jeremy Skillington says the notice of allowance is "significant for Poolbeg, further strengthening our robust intellectual property for the company's exciting POLB 001 therapy and enhancing its value for potential partners."

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By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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10 Jun 2024 18:24

IN BRIEF: Beowulf Mining says GAMP test work exceeds expectations

Beowulf Mining PLC - Nordic-focused mineral resource developer - Provides update on test work for the graphite anode materials plant. Says battery grade graphite was produced from ongoing graphite anode materials test-work. Notes optimisation work results in significant reduction in reagent and energy consumption. Explains test-work results will serve as input parameters for the ongoing pre-feasibility study and environmental impact assessment for the GAMP.

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7 Jun 2024 14:50

UK shareholder meetings calendar - next 7 days

Monday 10 June 
Aterian PLCAGM
Griffin Mining LtdAGM
Lok'n Store Group PLCGM re takeover by Shurgard
Onward Opportunities LtdAGM
Oxford Nanopore Technologies PLCAGM
Pan African Resources PLCGM re capital reduction
Tuesday 11 June 
Ebiquity PLCAGM
Flowtech Fluidpower PLCAGM
MaxCyte IncAGM
Mobico Group PLCAGM
Newbury Racecourse PLCAGM
Nightcap PLCGM re fundraise
Phoenix Digital Assets PLCGM re up to GBP33.7 million fundraise
Tirupati Graphite PLCGM requisitioned by Walpole St Andrews Nominees
Tortilla Mexican Grill PLCAGM
Tufton Oceanic Assets LtdEGM
Wednesday 12 June 
Advanced Medical Solutions Group PLCAGM
Alina Holdings PLCAGM
Aquila Energy Efficiency Trust PLCAGM
Aurora Investment Trust PLCAGM
BioPharma Credit PLCAGM
Brighton Pier Group PLCAGM
Digital 9 Infrastructure PLCAGM
EPE Special Opportunities LtdAGM
Foresight Solar Fund LtdAGM
Star Energy Group PLCAGM
Thursday 13 June 
Beacon Rise Holdings PLCAGM
Christie Group PLCAGM
Everyman Media Group PLCAGM
Hochschild Mining PLCAGM
Iofina PLCAGM
Jadestone Energy PLCAGM
Panther Metals PLCAGM
Pollen Street Group LtdAGM
Poolbeg Pharma PLCAGM
Serabi Gold PLCAGM
Smurfit Kappa Group PLCGM re WestRock deal
Sound Energy PLCAGM
Starwood European Real Estate Finance LtdAGM
Friday 14 June 
Amaroq Minerals LtdAGM
Asian Energy Impact Trust PLCAGM
Beowulf Mining PLCAGM
MP Evans Group PLCAGM
Quantum Exponential Group PLCGM re investment in company
Tesco PLCAGM
Trellus Health PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.

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29 May 2024 19:41

EARNINGS AND TRADING: First Tin "consolidates" holdings in Taronga

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

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9 Apr 2024 16:04

TRADING UPDATES: Beowulf consolidates Vardar; GIF outpaces benchmark

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

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3 Apr 2024 15:15

TRADING UPDATES: Sutton Harbour refutes Plymouth City Council claims

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

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28 Mar 2024 10:28

TRADING UPDATES: Develop North net asset value down amid rising rates

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

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15 Mar 2024 14:10

IN BRIEF: "Administrative issue" delays Beowulf's Vardar consolidation

Beowulf Mining PLC - minerals and metals exploration company with operations in the Nordics including the Kallak iron ore asset in northern Sweden - Says that its planned consolidation of 100% ownership of Vardar Minerals Ltd has been delayed due to an unspecified "administrative issue". The transaction was expected to close on Friday, but the company now says that completion will take an additional two weeks. Vardar is a Balkans-focused exploration company in which Beowulf currently holds a 61% stake. Beowulf previously said that the consolidation would provide it with "full control and flexibility to drive the development of Vardar", as well as its exploration portfolio in Kosovo.

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15 Mar 2024 11:32

Beowulf announces two-week delay to Vardar ownership process

(Sharecast News) - Beowulf Mining announced a delay in its planned consolidation of 100% ownership of Vardar Minerals on Friday.

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14 Mar 2024 17:33

Beowulf Mining raises funds via subscription and PrimaryBid offer

(Alliance News) - Beowulf Mining PLC on Thursday announced a conditional offer for subscription of new ordinary shares to repay financing arrangements and corporate costs.

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8 Mar 2024 20:04

TRADING UPDATES: Celadon hails early results of chronic pain trial

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

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7 Mar 2024 13:17

Beowulf Mining appoints project manager to Kallak

(Sharecast News) - Beowulf Mining announced on Thursday that its wholly-owned Swedish subsidiary, Jokkmokk Iron Mines, had appointed Dmytro Siergieiev as the project director for the Kallak Iron Ore Project, effective 1 May.

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4 Mar 2024 19:59

TRADING UPDATES: Beowulf raises funds for Kallak iron ore project

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

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4 Mar 2024 14:29

TRADING UPDATES: Beowulf ups Vardar stake; Impellam buyout nears

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

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29 Feb 2024 17:28

EARNINGS AND TRADING: Silver Bullet hails "strong, sustained growth"

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

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