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(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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Ocean Outdoor Ltd - London-based advertising services company - Named as outdoor media partner by property company Canary Wharf Group. Wins digital out-of-home advertising deal worth GBP30 million. "Under the terms of the deal, Ocean will retain exclusive rights to sell 40 full motion digital screens, and one large format full motion screen, and develop the Canary Wharf advertising channel across a variety of formats to enhance the audience experience as people return to work," Ocean Outdoor says. Plans also in place for expansion of outdoor advertising when Crossrail transport system launches in London in 2022.
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DX Group PLC - Slough, England-based parcel freight, secure courier and logistics - Opens three new sites as part of depot expansion plans. Sites are located in Dewsbury, Grimsby and Luton. Dewsbury is in West Yorkshire, northern England, Grimsby is located in Lincolnshire, part of the East Midlands and Luton is located in Bedfordshire, around south east of England. "Together the depots have a combined square footage of over 75,000 square feet, with the new Grimsby site over double the size of the depot it replaces," DX adds. "The new depots take the total number of new or upgraded sites in 2021 to nine. As well as increasing capacity, these are driving higher customer service levels and improved productivity across the network. Further new depot openings are planned over the next two years."
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Filta Group Holdings PLC - Rugby, England-based fryer management services provider - Says revenue in first half of 2021 improves 20% from second half of 2020. "Since entering the second half of the year, as the vaccination programmes and easing of social restrictions have enabled customers in its core US and UK markets to reopen more sites, revenues have continued to rise," Filta says.
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Synectics PLC - Sheffield, England-based provider of security systems - Wins contract worth GBP1.0 million at Dos Bocas oil refinery in Mexico. Asset is being constructed by Petroleos Mexicanos, a state-owned oil company. Synectics to provide safety monitoring and surveillance equipment.
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Zoo Digital Group PLC - London-based provider of cloud-based localisation and digital distribution services - Expects revenue in six months to September 30 to rise 51% to USD25 million from USD16.5 million a year earlier. Notes step up in activity in recent weeks as economies re-open. Zoo explains: "Growth during the first half of the year has been due predominantly to the company's provision of services to support the migration of catalogue titles to streaming platforms and the associated new territory launches. In recent weeks some customers have placed orders relating to new titles following the cautious resumption of productions within the industry. The board anticipates that the associated pipeline of work will build gradually over the coming months." Also progressing with plans to open regional hubs, including "strategic investments that will provide a presence in India". Confident it can top "current full year revenue expectations".
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Blackbird PLC - London-based cloud video editing platform - Signs deal with CBS Sports Digital in US. CBS Sports will use Blackbird for video edition and publishing of sports content. "A division of ViacomCBS, CBS Sports Digital creates and distributes industry-leading sports content across a variety of platforms to audiences around the world," Blackbird says. Does not give any financial details of contract. CBS Sports Digital is part of CBS Sports, a US network which broadcasts sports including the NFL and UEFA Champions League.
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Arena Events Group PLC - London-based event solutions provider - Says recently-acquired Texas-based arm Arena Aztec Shaffer signs deal with Championship Management, part of PGA Tour, which organises professional golf tournaments. Agreement runs until May 2023. Deal covers same level of events as a previous contract though pricing is adjusted "to reflect current market conditions". Chief Executive Greg Lawless says: "I am delighted that the team at Arena Aztec Shaffer and Championship Management have been able to agree to a new contract. This reflects the continued strong delivery of events by the team at AAS since we acquired our stake in the company in April and allows all parties to plan for a busy upcoming golf calendar, including the Presidents Cup in 2022."
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Actual Experience PLC - Bath-based and AIM-listed analytics-as-a-service company - Wins multi-year contract from UK arm of "leading global energy supplier". Value of deal expected to be roughly GBP1 million. The deal follows a "successful" business impact assessment project. "This contract win is a significant milestone for Actual Experience. It follows our pivot to professional services and is validation of our new business strategy," CEO Dave Page says.
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B90 Holdings PLC - Isle of Man-based sportsbook operator and online marketing gaming - Wins affiliate marketing deal with online advertising firm Nordic Group Ltd. Deal will promote B90's casino services "in various territories". B90 will pay initial affiliate fee of EUR150,000, settled in new shares. Further share-based payments due at end of February 2022, May 2022 and August 2022. Maximum amount to be converted to B90 equity is EUR400,000. Any extra amount to be settled in cash.
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Sureserve Group PLC - Basildon, Essex-based compliance and energy services - Seals 10-year contract extension worth GBP140 million for the Guinness Partnership, a provider of social housing. The partnership owns and manages over 65,000 homes in England. The gas servicing, repair and installation pact commences on September 1.
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Westmount Energy Ltd - invests in companies which operate in oil & gas related industries - Says Ratio Petroleum Energy Ltd partnership to take more time to plan next well at Kaieteur Block in offshore Guyana. Date to nominate new well pushed back to March 22. Partners at asset include 35% stakeholder and operator Esso Exploration & Production Guyana Ltd, owned by Exxon Mobil Corp, Ratio Guyana Ltd, which has 25% holding as well as Cataleya Energy and Hess Guyana (Block B) Exploration Ltd, which both have 20% stake. Westmount holds 5.3% of Cataleya.
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Landore Resources Ltd - Canada-focused minerals explorer - Provides update on BAM gold deposit drilling in Canada. Notes extra step out and infill drilling within the exploration area has continued and is seeing "widespread ore grade gold". Landore suspended drilling of 0421-818 hole on August 1 amid implementation order from provincial government due to fires in northern Ontario. "Landore will resume drilling at Felix, its highly prospective exploration area to the west and along strike of the BAM gold deposit, in October 2021," Landore adds.
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Ncondezi Energy Ltd - coal-fired power project in Mozambique - Announces target signature date for engineering, procurement and construction power plant deal at Tete coal fired power project and mine in Mozambique. Targets signature date with China Machinery Engineering Corp in third quarter of 2021. Ncondezi adds: "The company is also pleased to announce that a number of funding proposals are being considered to ensure that it is adequately capitalised to complete the next phase of the project's de-risking milestones."
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Cadence Minerals PLC - investor in mineral resources - Notes investee Macarthur Minerals Ltd progressing plans for feasibility study at Lake Giles iron project. Lead consultants Stantec conducted site visit last week. Geotechnical diamond core drill programme at Moonshine and Moonshine North areas continuing. Cadence holds about 1% stake in Macarthur.
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Accsys Technologies PLC - London-based chemical technology company - Says Tricoya wood chip plant expected to operate commercially by July 2022 though work is ongoing to reach milestone sooner. Earmarks extra EUR9 million in project costs, now estimated at EUR15 million. "The additional costs are largely due to the extended project duration, including the previously-reported engineering changes, delays due to Covid-19, and time and recovery actions resulting from past management of and demobilisation from the site," Accsys says.
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Oriole Resources PLC - mineral explorer in Senegal and Cameroon - Reports first inferred gold resource at Fare South area of Senala project in Senegal. Report outlines a resource of 155,000 ounces of gold at a 1.26 grammes per tonne grading. Measured for Oriole's 85% net attributable interest, total resource is 131,750 ounces. Oriole's joint-venture partner IAMGOLD Corp has option to spend up to USD8 million at Senala to earn 70% stake.
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Trellus Health PLC - White Plains, New York-based digital health platform for complex chronic conditions - Wins deal for a inflammatory bowel disease demonstration programme for Mount Sinai Health System employee health platform with a large self-insured employer in New York. Trellus is currently commercialising a digital health platform aimed at managing chronic health conditions. As part of programme, Trellus will recruit 25 IBD patients to assess and engage with them. "Following enrolment, the demonstration programme will coordinate six months of active care management followed by a final programme report, expected to be available within 30 days of programme completion. This initial demonstration programme is expected to commence before the end of 2021 with conclusions from the final programme report expected in 2022," Trellus says.
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Oxford Cannabinoid Technologies Holdings PLC - London-based cannabinoid medicine company - Expects results "in line with budget" for year ended May 31. "Notwithstanding the limited impact of the Covid-19 pandemic on the group's activities, very good progress has been made on advancements across all four current drug development programmes," company says. Notes "positive start" to new financial year. Also notes application for shares to be admitted to OTC QB Market in US. "In addition to its London Stock Exchange Main Market Listing, this will give the business greater exposure to a much wider audience of potential investors by easing cross-border trading for the company's US investors."
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By Eric Cunha; ericcunha@alliancenews.com
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