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TRADING UPDATES: DP Poland finds new CFO; Spectral MD wins new money

Tue, 30th Aug 2022 20:17

(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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HSBC Holdings PLC - Asia-focused lender - Prices three subordinated note offers. Says 7.35% 2032 notes priced at fixed spread of 235 basis points, giving USD1,145 per USD1,000, while 7.625% 2032 notes at USD1,159.

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DP Poland PLC - franchisor in Poland for Domino's Pizza - Executive Director and Chief Financial Officer Malgorzata Potkanska to step down on September 30. Will appoint Edward Kacyrz to role, who has worked at Mars, Levi Strauss and Kimberly Clark in Poland. "Having started his career in accounting and finance roles, Edward progressed into business development, corporate development and strategy at Velvet Care and most recently at Smyk, Poland's leading toys and children apparel retailer," it adds. Kacyrz to take up role on December 1. "If any gap arises between departure of the current CFO and arrival of the incoming CFO, the company's finance function will be overseen by a non-executive director and supported by Maciej Jania, former CFO of DP Poland and current head of Revenue," it explains.

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Spectral MD Holdings Ltd - London and Dallas, Texas-based predictive analytics for wound care - Wins USD8.2 million in additional funding from US Biomedical Advanced Research & Development Authority. "The additional funding will further accelerate the commercialisation of the company's DeepView Wound Imaging System by expanding the number of sites for the clinical training study for burn wounds, increasing DeepView's interoperability with health systems' electronic health records, and accelerating the company's manufacturing readiness," it says.

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Directa Plus PLC - London-based graphene nanoplatelets supplier - Nets notice of allowance from the United States Patent & Trademark Office for the grant of a patent covering the company's G+ embedded polyurethane membrane. Giulio Cesareo, founder and chief executive of firm, says: "Our core textile offering is generating considerable interest in the US market and therefore patent protection, and defence, in the territories in which we operate remains a fundamental part of our strategy to create value for shareholders." G+ membranes provide superior thermal comfort by enhancing heat retention, it notes.

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Iconic Labs PLC - London-based media and technology company - Says it enters settlement agreement with Greencastle Media, Arch Capital Partners LLP, D Sefton and the European High Growth Opportunities Securitization Fund. "As a result, all litigation proceedings have been dismissed, and all claims, counter claims, including defamation claims, among the parties, have been waived or will be waived upon the company voluntary arrangement being approved," it adds. As a result, CVA proposals finalised and being sent to creditors. Notes European High Growth Opportunities Securitization Fund agrees to provide funding for CVA and general working capital purposes. Shares suspension will be lifted if CVA approved.

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Longboat Energy PLC - exploration and production company focused on the North Sea - Starts drilling at Copernicus exploration well, which is 10%-owned by company, in Norway. "Copernicus is the primary prospect located in license PL1017, which lies on the Utgard High in the Voring Basin region of the Norwegian Sea," company explains. "The drilling of the Copernicus well 6608/1-1S, operated by PGNiG Upstream Norway AS, is being undertaken by the Deepsea Yantai drilling rig and is expected to take up to eight weeks to drill."

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Mosman Oil & Gas Ltd - Sydney-based oil and gas company with projects in Australia and the US - Expects drilling at Cinnabar-1 well in Tyler County, Texas to start in "next week or two". "The Cinnabar well is planned for a vertical depth of 9,900 feet. The primary targets are the Wilcox sands, which produce oil and gas in nearby wells. The drilling is expected to take about two weeks," it adds. Owns about 75% working interest in well.

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Echo Energy PLC - London-based energy company focused on Latin America - Says it has been granted 1-month extension to publish 2021 annual results. Must now publish results by September 30. "With the audit of the local Argentinian JV entity, in which Echo holds a 70% non-operated interest, completed in August 2022, the company's UK auditor is now working to finalise its own audit of the company and the company will endeavour to publish the 2021 annual report as soon as possible, and significantly ahead of 30 September 2022," it adds.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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Echo Energy Well In Argentina Shut-In Following Disappointing Tests

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Echo Energy shutting in well after disappointing testing

(Sharecast News) - Echo Energy updated the market on its mechanical stimulation and testing operations on the EMS-1001 well in its Fracción C licence, onshore Argentina, on Tuesday, confirming they had now been completed.

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Echo Energy Shares Drop On Well Delay, Chief Executive Steps Down

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2 Nov 2018 11:40

Echo Energy Appoints Gavin Graham As Non-Executive Director

LONDON (Alliance News) - Echo Energy PLC said Friday it appointed Gavin Graham as independent non-executive director of the company with immediate effect.The company said that Graham has 40

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22 Oct 2018 11:14

Echo Energy Multiplies Production At Canadon Salto Wells

LONDON (Alliance News) - Echo Energy PLC said Monday it completed work on four wells in the Canadon Salto Field in Argentina as part of its plan to boost production.The Latin American oil 5

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15 Oct 2018 11:28

Echo Energy Signs Technical Evaluation Agreement Over Rio Salado Block

LONDON (Alliance News) - Latin America-focused oil & gas company Echo Energy PLC said on Monday it has signed a technical evaluation agreement with Yacimientos Petroliferos Fiscales Bolivianos

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3 Oct 2018 11:03

Echo Energy Connects First Well For Production At Canadon Salto Field

LONDON (Alliance News) - Echo Energy PLC on Wednesday said a series of pulling jobs have now been completed at four oil wells on the Canadon Salto field, which were aimed at increasing field oil

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2 Oct 2018 11:31

Echo Energy Appoints Finance Boss Martin Hull To Board

LONDON (Alliance News) - Oil & gas firm Echo Energy PLC on Tuesday said it appointed its Chief Financial Officer Martin Hull to the board of directors with immediate effect.Hull was as

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12 Sep 2018 11:48

Echo Energy Interim Loss Widens On Higher Financial Costs

LONDON (Alliance News) - Echo Energy PLC said Wednesday that its loss for the first half of its financial year increased as financial costs spiked.For the six months to June 30, the company

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7 Sep 2018 10:28

Echo Energy To Acquire 3D Seismic Data For Argentinian Assets

LONDON (Alliance News) - Latin American-focused oil and gas company Echo Energy PLC said on Friday it has agreed to acquire 3D seismic over several leads on its Tapi Aike, Fraccion C and Fraccion

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7 Sep 2018 07:38

Echo Energy teams up with Argentinian contractor for 3D seismic programme

(Sharecast News) - Echo Energy has teamed up with an Argentinian contractor for a 3D seismic programme on its assets in the South American nation, starting with its "high impact, frontier scale" Tapi Aike exploration area.

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31 Aug 2018 12:48

Echo Energy To Receive Argentine Payments In Dollars; Signs In Bolivia

LONDON (Alliance News) - Echo Energy PLC said Friday it will receive US dollars for gas sales in Argentina instead of Argentine pesos, as it also signed a letter of intent to sign a new one-year a

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28 Aug 2018 10:58

Echo Energy Shares Plunge As Tobifera Gas Found To Be Insufficient

LONDON (Alliance News) - Shares plunged in Echo Energy PLC on Tuesday as it said following the completion of the CSo-2001(d) well the gas within was revealed to be "insufficient" to to D

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