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(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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SourceBio International PLC - laboratory services and products firm - Says provides over 330,000 Covid-19 tests to UK Department of Health & Social Care. Continuing to build capacity for Covid-19 testing services and expects more demand in 2021. Expects annual revenue of GBP50 million, more than double GBP21.2 million in 2019. Forecasts earnings before interest, tax, depreciation and amortisation to surge to GBP14.0 million from GBP3.0 million. Renews testing services pact with Spire Healthcare Ltd.
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Nanoco Group PLC - Manchester-based quantum dots developer - Secures grant funding from UK innovation agency Innovate UK. Grant will go towards life sciences project to develop a quantum dot testing kit for rapid visual detection of Covid-19. "The project will cost just under GBP1.0 million to which the Innovate grant contributes 80% with the balance funded by Nanoco," company explains.
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Sensyne Health PLC - clinical artificial intelligence company - Signs five-year non-exclusive research agreement with Hampshire Hospitals NHS Foundation Trust which will probe the ethical application of artificial intelligence research to improve patient care and improve development of new medicines. Says trust will receive 1.1% Sensyne stake and Hampshire hospitals to receive GBP250,000 annual Sensyne invest over five-year term of research pact.
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Destiny Pharma PLC - clinical stage biotechnology company based in Brighton - Raises GBP870,000 from ipen offer, taking total fundraise to GBP10.4 million. "We are very pleased with the results of the fundraising and the support from our existing and new shareholders," CEO Neil Clark says.
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OPG Power Ventures PLC - Indian power plant operator - Collects about GBP9.5 million from contractual claims from customers under power purchase agreements. "The collection of these claims has strengthened the group's financial position and liquidity during these uncertain times caused by the Covid-19 pandemic," OPG says.
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IronRidge Resources Ltd - Africa-focused minerals explorer - Says additional test work completed at Ewoyaa project to improve lithium recoveries. Says "pleased" to have "refined recoveries and mass yields" without loss of concentrate grade.
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AEX Gold Inc - Greenland-focused gold miner - Says results from drilling at Nalunaq gold asset in Greenland support interpretation that Valley Block area is a "high-grade domain" similar to South Block. "We are very encouraged at the prospective nature of the Valley Block following the delivery of further interesting drilling results from this year's drilling campaign," Chief Executive Officer Eldur Olafsson says.
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Ncondezi Energy Ltd - operator of coal-fired power project in Mozambique - Raises GBP750,000 from oversubscribed placing of 16.7 million shares at 4.5p each.
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Pantheon Resources PLC - oil and gas exploration company focused on the Alaska North Slope - Reports rig contract secured with Nordic Calista Services to drill Talitha #A well. Operations to start in January.
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URU Metals Ltd - exploration and development - Raises GBP280,600 through subscription of 122,000 depositary interests at 230p each. "The proceeds of the equity placing will be used by the company for general working capital purposes," URU says.
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Xeros Technology Group PLC - Rotherham, South Yorkshire-based laundry and garment technology group - Says Indian license partner, Ramsons Garment Finishing Equipment Ltd receives order for nine denim finishing machines which use Xeros technology. "The order represents the first sales of Xeros' innovative XDrum design which fully automates the use of the group's proprietary XOrbs in garment finishing and laundry processes," Xeros says. "In line with the board's expectations, Xeros will receive a mid to high single digit royalty for these machine sales as well as royalties for the ongoing use of XOrbs."
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Gresham House Energy Storage Fund PLC - UK utility-scale battery storage fund - Raises GBP120 million through issue of 114.3 million shares at 105 pence each. Funds to go towards finance energy assets as part of 485 megawatt project pipeline being progressed by its manager.
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RDL Realisation PLC - debt instrument investor - Serves notice on alternative investment fund manager, International Fund Management Ltd and notifies UK Financial Conduct Authority it intends to become a self-managed AIFM, saving on external management fees. Changes to come into effect in February. Also says it will convene a general meeting to approve Main Market delisting, which it explains will unlock further cost savings.
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TMT Investments PLC - Jersey-headquartered technology companies investor - Enters into loan agreement with Macmillan Trading Co Ltd for USD5.0 million financing which incurs no interest and is repayable any time before December 31, 2021. This will allow TMT to continue making investments while waiting for USD41 million cash from Pipedrive Inc disposal.
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GlobalData PLC - market research firm - Says in 10 months ended October 31, revenue, excluding events, rose 5% year-on-year. Adjusted earnings before interest, tax, depreciation and amortisation up 12% during period. Expects flat annual revenue despite Covid-19 hurt.
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Argo Blockchain PLC - UK-based cryptocurrency miner - Says share capital reduction comes into effect. Share capital comprises 239.8 million shares.
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By Eric Cunha; ericcunha@alliancenews.com
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