(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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Atome Energy PLC - Leeds, England-based producer and marketer of green hydrogen and ammonia - Signs two deals in Paraguay. "The memorandums of understanding are timed to coincide with the Invest in Paraguay conference currently being held by the Government of Paraguay in association with the Inter-American Development Bank and at which Atome's Chair, Peter Levine, is speaking," Atome says. Says approached by National Civil Aviation Authority of Paraguay, or DINAC, with view of using sustainable aviation fuels as part of decarbonisation plans. "A memorandum of understanding has now been signed between Atome and Dinac and Una under which the parties have agreed to work together with a view to identifying the potential for use of the company's products in the airports of Paraguay as well as co-operation on research projects and educational events promoting the benefits of the green fuels produced by the company," Atome says. Also strikes deal with Paraguay River & Maritime Shipowners Centre to examine how Paraguay's barge fleet can replace expensive diesel imports with use of domestically produced green fuels.
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Severfield PLC - Thirsk, England-based structural steelmaker - Says performance in first five months of year ending March 25, 2023 in line with internal expectations. Says "several ongoing contracts expected to deliver significant profits in H2". "Whilst we remain mindful of the macro-economic backdrop and particularly the inflationary pressures which are expected to continue for the foreseeable future, we are continuing to manage these well. Given the group's performance to date and the current visibility of future workload for delivery in the remainder of the 2023 financial year, we continue to expect to deliver further progress and a full year performance which is in line with our previous expectations," Severfield says.
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Phoenix Copper Ltd - base and precious metals explorer in US state of Idaho - Says drilling at Empire open pit copper mine began in June. Aims to "further the company's understanding of metallurgical recovery using ammonium thiosulfate reagent". Says exploratory drilling in the North Pit/Red Star area to begin next week Thursday.
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Agronomics Ltd - Isle of Man, UK-based cellular agriculture company - Portfolio firm Bond Pet Foods Inc completes Series A financing round, raising USD17.5 million. Agronomics invested in firm back in September through USD150,000 convertible promissory note. Note now converted into 531,692 series A preferred shares, which represent 1.9% of ownership.
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HealthBeacon PLC - Dublin-based digital therapeutics company developing project for managing injectable medications - Launches HB Smart Pills Management System, designed to manage pill regimens. "The HB Smart Pills solution is an elegant device designed to fit into a patient's home managing up to nine oral medications and integrates seamlessly with the Company's existing technology platform. The innovative HB Smart Pills solution notifies the patient when prescription refills are required and records visual images of pill containers to ascertain medication adherence," company says.
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4Global PLC - London-based data, services and software for sporting events and the promotion of physical activity - Updates on progress with strategic priorities. These include landing new clients, expanding deals with existing customers, growth in North American and European markets, turning to targeted acquisitions and also eyeing data commercialisation. Says "North America and EU entry secured". On acquisitions, it says: "In line with its stated strategy of potentially acquiring profitable GBP1-3 million turnover companies, management has identified a number of technology and data companies which are of interest. Key criteria for any potential acquisition remains that they would allow 4GLOBAL to grow its client portfolio in key target geographical markets whilst at the same time bring complementary data and technology."
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Eqtec PLC - Cork, Ireland-based gasification company focused on turning waste into sustainable energy - Handed final approval by French government to acquire waste-to-energy gasification plant in Villers-sous-Montrond, France. "Eqtec France has launched an accelerated construction and commissioning programme to upgrade the plant. Once operational, the plant is expected to be France's largest ever combined heat and power gasification project, transforming 45,000 tonnes of mixed wood waste and refuse-derived fuel for export of clean electricity to the national grid, with the option of increasing its production capacity in future," company adds. Construction to begin in first quarter of 2023.
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Best of the Best PLC - London-based operator of weekly online raffle competitions - Signs non-binding letter of intent with Globe Invest Ltd. Duo will enter into licensing and distribution agreement, as well as marketing and collaboration pact. Best of the Best will exclusively license to Globe its business model, concept and related services to non-UK territories. "The marketing and collaboration agreement will allow GIL to promote BOTB content in the UK non-exclusively," Best of the Best says. "The parties will also discuss and agree cross-promotional commitments in connection with each party's products and services." In addition, Globe plans to acquire 30% strategic interest in Best of the Best. Stake will be acquired from firm's largest and founding shareholders, William Hindmarch and Rupert Garton. Hindmarch is Best of the Best's chief executive and Garton commercial director. Hindmarch currently holds 32% and Garton 9.1%. Following transaction, they will own 12% and 3.4%, respectively.
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By Eric Cunha; ericcunha@alliancenews.com
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