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Pin to quick picksDuke Capital Share News (DUKE)

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TRADING UPDATES: MGC Pharmaceuticals granted psilocybin import permit

Mon, 31st Jul 2023 17:31

(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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Destiny Pharma PLC - Brighton, England-based clinical-stage biotechnology company focused on preventing life-threatening infections - Says data shows its XF-73 antibacterial drug proves 100 times more effective at killing MRSE than the topical antibiotic mupirocin in two skin infection models. Says Mupirocin ha little or no impact on mupirocin-resistant MRSE strains, whereas XF-73's potency was unaffected. Chief Scientific Officer Bill Love says: "This dataset is compelling and demonstrates clear and significant advantages for XF-73 over one of the world's leading topical antibiotics, mupirocin. It adds further impetus for the clinical development of XF-73 to treat skin infections for CMS and Destiny Pharma."

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Tekcapital PLC - intellectual property investment company - Says its 97%-owned subsidiary MicroSalt Ltd has agreed partnership deals witg two Philippines-based partners, Healthy Options and S&R Membership Shopping. Says both companies have placed "sizeable" first orders for its SaltMe! crisps, and have shown interest in future orders. Says S&R offers "substantial penetration" into the Philippines. MicroSalt Chief Executive Rick Guiney says: "We are proud of our partnership with both organizations and to be able to expand our low sodium premium line of crisps to the Philippine marketplace. Excess sodium consumption is one of the leading contributors to hypertension, and partnerships like this are the best way to provide consumers, regardless of their location, with great tasting products with less sodium."

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MGC Pharmaceuticals Ltd - London-based pharmaceutical company specialising in the production and development of plant-derived medicines - Says it has been granted an import permit for 200 grammes of psilocybin raw mushroom material to its Slovenian research facility from Psyence Group Inc's production site in South Africa. Says it will perform analysis on the material in order to assist Pysence in developing new psilocybin products. Psilocybin is a naturally occurring psychedelic prodrug compound produced by more than 200 species of fungi. Chief Executive Roby Zomer comments: "We are delighted to receive the first import approval of psilocybin under our collaboration with Psyence, which constitutes our first entry into the psilocybin market. This partnership marks a significant milestone for MGC Pharma following our recent approval for psilocybin research in our Slovenian facility and reinforces our commitment to growth and innovation."

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Duke Royalty Ltd - Europe and North America-focused alternative capital solutions provider - Enters into USD11.5 million royalty financing deal with Glasshouse Products LLC. Says the deal is for 30 year of secured financing. Chief Executive Neil Johnson says: "Glasshouse's long-standing presence and reputation in the Texas market is rooted in its ability to act as a one-stop-shop for glass solutions to the real estate markets, offering high-quality products with exceptional customer service. Given the industry's promising prospects and the region's favourable tailwinds, we believe the company is well positioned for continued success."

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Infrastructure India PLC - India-focused infrastructure fund - Says it has agreed on maturity date extensions for all its debt facilities. Says the term loan of USD119 million has been extended to August 31, the current amount of interest accrued is USD79 million. Adds that working capital loan of USD21.5 million has been extended to August 31. It has currently accrued USD26 million in interest. Says its unsecured bridging loan of USD64.1 million has also been extended to August 31, with USD53 million of interest accrued. Says the maturity extensions allow it to continue working towards completing the proposed sale of its largest asset Distribution Logistics Infrastructure Ltd.

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By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
26 Jun 2023 11:01

Duke Royalty puts another £1.8m into Tristone Healthcare

(Sharecast News) - Alternative capital provider Duke Royalty announced an additional investment of £1.8m into its existing partner Tristone Healthcare on Monday.

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1 Jun 2023 10:29

IN BRIEF: Duke Royalty shares up as quarterly cash revenue rises

Duke Royalty Ltd - Europe and North America-focused alternative capital solutions provider - Says recurring cash revenue for the fourth quarter of financial 2023 amounts to GBP5.7 million, up from GBP4.7 million the year before. Total cash revenue is GBP5.8 million, up from GBP5.6 million in the previous quarter. Says in the quarter, Duke Royalty completes a new USD8.8 million royalty investment into Instor Solutions Inc, a California-based product reseller and service provider for work related to the build-out and migration of data centres.

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25 May 2023 12:26

DIRECTOR DEALINGS: Unilever South Asia president sells more shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Wednesday and Thursday and not separately reported by Alliance News:

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24 May 2023 19:15

IN BRIEF: Duke Royalty nets profit after successful investment exit

Duke Royalty Ltd - Europe and North America-focused alternative capital solutions provider - Announces the successful exit of its investment in royalty partner Instor Solutions Inc, a California-based product reseller and service provider for work related to the build-out and migration of data centres. Receives net cash of USD11.2 million at closing, delivering a total gain of USD2.4 million over Duke's initial investment amount, provided to Instor in March 2023. Notes this represents the sixth and most profitable exit for Duke to date. Proceeds from the exit further strengthens Duke's balance sheet, enabling deployment into its pipeline of new investment opportunities, company says.

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7 Mar 2023 17:11

TRADING UPDATES: Caspian Sunrise signs charter contract, eyes further

(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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7 Mar 2023 16:37

Duke Royalty inks financing deal with its 20th partner

(Sharecast News) - Duke Royalty announced an $8.75m royalty financing agreement with Instor Solutions on Tuesday, to support a shareholder buyout intended to transition equity control to the current executive management team, led by the CEO.

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3 Mar 2023 11:54

IN BRIEF: Duke Royalty expects quarterly cash revenue to rise

Duke Royalty Ltd - Europe and North America-focused alternative capital solutions provider - Expects to achieve recurring cash revenue of GBP5.7 million for the fourth quarter ending on March 31, up 21% from GBP4.7 million a year before. In the third quarter ended December 31, recurring cash revenue amounts to GBP5.6 million, up from GBP3.9 million a year before.

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21 Feb 2023 16:31

Duke Royalty invests further GBP1.8 million into royalty partner InTec

(Alliance News) - Duke Royalty Ltd on Tuesday announced a follow-on investment of GBP1.8 million into its existing royalty partner InTec Business Solutions Ltd to fund its latest acquisition.

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21 Feb 2023 11:56

Duke Royalty puts another £1.75m into InTec

(Sharecast News) - Alternative capital provider Duke Royalty announced a follow-on investment of £1.75m into existing royalty partner InTec Business Solutions on Tuesday, to fund its latest acquisition.

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16 Jan 2023 12:50

TRADING UPDATES: t42 IoT Tracking Solutions and Zenova win contracts

(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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13 Dec 2022 13:41

Duke Royalty makes £3.2m follow-on investment in Tristone

(Sharecast News) - Alternative capital provider Duke Royalty announced a follow-on investment of £3.2m into its existing royalty partner Tristone Healthcare on Tuesday, to fund its latest acquisition.

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13 Dec 2022 13:00

IN BRIEF: Duke Royalty invests additional GBP3.2 million into Tristone

Duke Royalty Ltd - Europe and North America-focused alternative capital solutions provider - Notes follow-on investment of GBP3.2 million into existing royalty partner Tristone Healthcare Ltd to fund its acquisition of residential and nursing care provider K Bond Healthcare Ltd, which trades as Next Steps. Tristone provides specialist residential and domiciliary care in two end-markets: high acuity adults with severe mental, physical or learning disabilities, and care leavers, aged between 16 and 19, who are transitioning out of social care and into independent living.

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12 Dec 2022 14:31

Duke Royalty upgrades credit facility to GBP100 million until 2028

(Alliance News) - Duke Royalty Ltd on Monday said it entered into a new GBP100 million credit facility agreement with Fairfax Financial Holdings Ltd for a five-year term.

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1 Dec 2022 12:49

Duke Royalty says well-positioned after interim profit rise

(Alliance News) - Duke Royalty Ltd on Thursday said that it expects higher third quarter revenue than last year, after continuing to deliver growth following on from a successful first half.

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1 Dec 2022 12:29

Duke Royalty growth continues in third quarter

(Sharecast News) - Alternative capital provider Duke Royalty updated the market on its trading in the third quarter on Thursday, saying it expected to achieve recurring cash revenue of £5.5m for the period.

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