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Pin to quick picksCoral Products Share News (CRU)

Share Price Information for Coral Products (CRU)

London Stock Exchange
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Share Price: 11.25
Bid: 10.50
Ask: 12.00
Change: 0.00 (0.00%)
Spread: 1.50 (14.286%)
Open: 11.25
High: 11.25
Low: 11.25
Prev. Close: 11.25
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TRADING UPDATES: SigmaRoc files patent; Griffin restarts operations

Fri, 04th Nov 2022 20:38

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

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Nostrum Oil & Gas PLC - Amsterdam-headquartered oil and gas company with operations in Kazakhstan - Proposes to extend the long-stop date to February 16, 2023, from December 16. If its ongoing restructuring has not been implemented by this date, the scheme and the implementation deed will automatically terminate. On May 11, it launched a scheme of arrangement via issuing of practice statement letter to scheme creditors to implement a proposed financial restructuring, as contemplated in the lock-up agreement with regards to the 8.0% senior notes due July 2022 and 7.0% senior notes due February 2025, issued by Nostrum Oil & Finance BV.

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SigmaRoc PLC - London-based quarried materials group - Files a UK patent on its Alfabloc Mark II retaining wall systems. Alfabloc is an interconnecting precast concrete walling system produced in the UK, Ireland, Benelux and Scandinavia.

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RTW Venture Fund Ltd - New York-based investor in life sciences, biopharmaceutical, and medical technology companies - Director William Scott buys 50,000 shares at USD1.105 each.

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Griffin Mining Ltd - mine operator focused on China - Recommences the operations of Caijiaying mine in China on Tuesday. Expects full production at Caijiaying mine to begin Monday.

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Amte Power PLC - developer and manufacturer of lithium-ion and sodium-ion battery cells - Signs a convertible bond facility. Issues a tranche 1 drawdown notice in respect of the first GBP3.0 million of the facility. The maximum proceeds of the facility are expected to amount to roughly GBP3.9 million.

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Kingswood Holdings Ltd - London-based wealth and investment management - Says it made a second year 1 deferred consideration payment in the amount of GBP500,000 relating to the acquisition of Admiral Wealth Management Ltd. Says it used a portion of the cash proceeds from its new funding facility.

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Provident Financial PLC - Bradford, England-based banking company - Receives a notice from the Prudential Regulation Authority that its application for a UK Group large exposure waiver was approved. This will enable Moneybarn No 1 Ltd, the group's vehicle finance subsidiary, to access retail deposit funding via Vanquis Bank with immediate effect.

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Upland Resources Ltd - London-based oil and gas company - Promotes Non-Executive Chair Haji Bolhassan Di to chief executive officer on a full-time basis. The appointment is effective immediately. Bolhassan has had significant oil and gas experience with Shell PLC in South Korea, Singapore, the North Sea and the Netherlands.

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Round Hill Music Royalty Fund Ltd - Guernsey-based investor in music copyright assets - Turtlegrass Partners LLC, a company controlled by Round Hill Music Royalty Fund Ltd investment manager Joshua Gruss buys 116,000 at USD0.858.

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IDE Group Holdings PLC - Croydon-based cloud & IT managed services provider - Says the change of its name to Tialis Essential IT PLC has now been completed and has taken effect on companies house as of Thursday. "Over the coming months the company will be overhauling the entire IDE brand, colours and messaging, with a relaunch of the new Tialis brand. This will include a new website, planned for early 2023," the company says.

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Mode Global Holdings PLC - London-based bitcoin banking app - Says it has received and accepted conversion notices resulting in the conversion of an aggregate of GBP69,056 principal amount of the loan notes, resulting in the issuance today of 1.9 million new ordinary shares of 1 pence each in the capital of the company at an average conversion price of GBP0.0393 per share.

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Canadian Overseas Petroleum Ltd - Calgary, Canada-based oil and gas company operating in Nigeria and US state of Wyoming - Issues 7.0 million common shares following a conversion of USD800,000 principal of 2024 bonds and USD600,000 principal of 2025 bonds. The principal amount of convertible bonds outstanding reduced to USD11.2 million of 2024 Bonds and USD9.0 million of 2025 bonds, it says.

On Tuesday, the company reports that the miscible flood at it Barron Flats continue to exceed its initial expectations, "thus resulting in a resimulation of the field which is underway." Says flaring gas has commenced at Barron Flats. Continues to refine its interpretation of its deep oil discovery made in September. Remains in discussions with "select US and international banks" regarding the refinancing of its current senior credit facility of USD42 million.

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Coral Products PLC - Manchester-based plastic products maker - Proposes the cancellation of its share premium account and of the capital redemption reserve. Together they comprise the reduction of its share capital. Seeks the approval of shareholders for the cancellation of the entire share premium account of the company of GBP6.3 million. Also seeks shareholder approval for the cancellation of the capital redemption reserve of GBP1.2 million.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
7 Sep 2022 10:33

Coral Products swings to annual profit as revenue grows 34%

(Alliance News) - Coral Products PLC on Wednesday posted a swing to a profit for its financial year, which it touted as "exceptionally productive".

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8 Jun 2022 12:21

Coral Products ends year in strong financial position

(Sharecast News) - Plastic products designer and manufacturer Coral Products said in an update on Wednesday that consolidated group sales for the year just ended were expected to be at least £14.4m, rising from £10.7m year-on-year.

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TRADING UPDATES: City Pub Jubilee boost; Fulham Shore fights inflation

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30 May 2022 14:39

Coral Products buys Alma Products for up to GBP3 million

(Alliance News) - Manchester-based Coral Products PLC on Monday said it has bought Alma Products Ltd, reinforcing its "niche" in the plastics sector.

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4 May 2022 14:25

IN BRIEF: Coral Products buys Film & Solutions Ltd for GBP3.0 million

Coral Products PLC - Merseyside-based supplier of injection moulded plastic products - Buys Film & Solutions Ltd, converter of flexible packaging film, print lamination film and speciality plastics.

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20 Apr 2022 13:30

IN BRIEF: Coral Products jumps on profit positive expectations

Coral Products PLC - Expects pretax profit for the financial year ending April 30 to be above market expectations. Adds that distributable reserves have increased by GBP500,000 following the sale of land and a building at Haydock in St Helens, England. Declares second interim dividend of 0.4 pence per share.

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7 Feb 2022 14:18

IN BRIEF: Coral Products rises as it pays GBP31,671 earn-out

IN BRIEF: Coral Products rises as it pays GBP31,671 earn-out

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7 Feb 2022 10:31

Coral Products to pay earn-out after solid acquisition performance

(Sharecast News) - Plastics specialist Coral Products updated the market on its 2020 acquisition of Customised Packaging Limited (CPL) on Monday, confirming the triggering of an earn-out consideration.

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29 Nov 2021 10:47

IN BRIEF: Coral Products interim profit soars despite challenges

IN BRIEF: Coral Products interim profit soars despite challenges

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22 Nov 2021 10:54

Coral Products nets GBP900,000 profit from Merseyside sale

Coral Products nets GBP900,000 profit from Merseyside sale

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Coral Products flags 'very strong' first half despite logistics issues

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