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Pin to quick picksEco (atlantic) Share News (ECO)

Share Price Information for Eco (atlantic) (ECO)

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Share Price: 15.35
Bid: 15.20
Ask: 15.50
Change: 0.80 (5.52%)
Spread: 0.30 (1.974%)
Open: 14.60
High: 15.30
Low: 15.30
Prev. Close: 14.50
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TRADING UPDATES: Celadon Pharma raises GBP2.0 million via placing

Tue, 12th Dec 2023 17:40

(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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Condor Gold PLC - Gold exploration company with operations focused on Nicaragua - Raises GBP851,999 via the issue of 5.7 million new shares at GBP0.15 per share. Says the shares were largely issued to existing shareholders. Adds that this increases its total funds raised to GBP1.9 million following the sale of assets on December 5.

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Celadon Pharmaceuticals PLC - London-based pharmaceutical company focused on the development, production and sale of breakthrough cannabis-based medicines - Says it has raised GBP2.0 million via the placing of 1.7 million new shares at 115 pence each, a 5.5% premium to its closing price on December 11. Says the proceeds of the placing will be used for additional working capital. Chief Executive James Short says: "Following the signing of our first three supply contracts this year, and the imminent delivery of the first shipments to our UK customers, we have taken the opportunity to secure GBP2.0 million of additional working capital at an attractive issue price compared to the current one. The company is now well funded to deliver on its current commitments."

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Kerry Group PLC - Tralee, Ireland-based firm - Says it has agreed to acquire part of the global lactase enzyme business of Chr Hansen Holding AS and Novozymes AS, covering certain trade and assets of the former, and 100% of Nuocheng Trillion Food Co Ltd, a subsidiary of Novozymes. Says the business includes NOLA products, and "enhances Kerry's biotechnology solutions capability following the acquisitions of c-LEcta and Enmex". The acquisitions referred to were made in 2021. Notes that it will pay EUR150 million, with the deal expected to close in the first half of 2024.

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JPMorgan Multi-Asset Growth & Income PLC - London-based investment firm - Says it received 24.88% negative votes from shareholders against resolution 12 at its annual general meeting on July 4. Says a "constructive exchange of views is ongoing", after contacting dissenting shareholders. Resolution 12 was for the company to continue as an investment trust for a further five years.

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Eco Atlantic Oil & Gas Ltd - Oil and gas exploration company focused on the offshore Atlantic Margins in South Africa, Namibia, and Guyana - Says it must obtain shareholder approval for its 100%-owned subsidiary Azinam Ltd to farm-out a 6.25% participating interest in Block 3B/4B offshore South Africa to Oil SA Corp. Says a resolution to approve the farm-out is to be included in its AGM. Says its AGM is set to be held on December 29.

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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
11 Jul 2023 10:24

IN BRIEF: Eco Atlantic sells stake in block for up to USD10.5 million

Eco Atlantic Oil & Gas Ltd - oil and gas exploration company focused on offshore Atlantic Margins - Signs legally binding letter of intent under which its subsidiary, Azinam Ltd, will farm out a 6.3% participating interest in block 3B/4B to Africa Oil SA Corp, a subsidiary of Africa Oil Corp, for up to USD10.5 million. The completion of the acquisition is subject to customary conditions, including regulatory approvals from the government of South Africa and from the TSX Venture Exchange in Toronto. Upon completion, Africa Oil SA will hold a 26% interest, Azinam will hold a 20% interest and Ricocure (Propertiary) Ltd will hold the remaining 54%.

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21 Mar 2023 14:48

IN BRIEF: Eco Atlantic Oil & Gas eyes exploration in Orange basin

Eco Atlantic Oil & Gas Ltd - Atlantic Margins-focused oil and gas company - Says it is applying for environmental authorisation to begin exploration activities in Block 3B/4B in the Organe Basin off the Northern Cape of South Africa. It and its joint venture partners have contracted Environmental Impact Management Services Pty Ltd of South Africa to apply for a permit to drill one well and one contingent well - and potentially up to five wells - within an area of interest in the north of the block. EIMS is also appointed to undertake the required environmental impact assessment.

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9 Mar 2023 20:44

TRADING UPDATES: Castillo Copper upgrades mineral resource estimate

(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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28 Feb 2023 21:05

TRADING UPDATES: Eco Atlantic swings to loss; Curtis approves takeover

(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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22 Feb 2023 19:38

IN BRIEF: Eco Atlantic Oil & Gas converts 600,000 units into shares

Eco Atlantic Oil & Gas Ltd - Toronto-based oil and gas exploration company - Converts 600,000 of its restricted share units issued to directors into common shares of no par value in the company on December 28. Says application for admission to trading on AIM has been made. Expects that the admission will become effective, and trading in the shares will start on February 28, 0800 GMT. Says Chief Executive Officer Gil Holzman elected to convert 475,000 restricted share units held by him. Adds that its enlarged issued share capital will consist of 365.7 million common shares.

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23 Dec 2022 18:15

TRADING UPDATES: Fiinu teams with TransUnion; GRC wins pact

(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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29 Nov 2022 21:36

EARNINGS SUMMARY: ActiveOps loss narrows; Puma VCT net assets up

(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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18 Nov 2022 16:58

LONDON MARKET CLOSE: FTSE 100 gains capped by falling oil prices

(Alliance News) - Stock prices in London closed higher on Friday, but falling prices hit oil majors, keeping a lid on the FTSE 100's progress.

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18 Nov 2022 13:22

Eco Atlantic confident despite lack of results from Gazania-1

(Sharecast News) - Oil and gas explorer and developer Eco Atlantic announced on Friday that the Gazania-1 well on block 2B, offshore South Africa, which spudded on 10 October, reached its target depth of 2,360 metres, but did not show evidence of commercial hydrocarbons.

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18 Nov 2022 12:18

LONDON MARKET MIDDAY: Stocks pick up and pound firms against dollar

(Alliance News) - Stocks in London were higher by midday on Friday, managing to shake off a gloomy economic backdrop, while the pound got a boost from market acceptance of Thursday's UK government budget.

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18 Nov 2022 11:16

AIM WINNERS & LOSERS: Parsley Box to exit AIM as shares wilt since IPO

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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18 Nov 2022 10:17

Eco Atlantic shares fall on hydrocarbon failure at South African well

(Alliance News) - Eco Atlantic Oil & Gas Ltd on Friday said that its Gazania-1 well had reached its target depth of 2,360 metres but did not show evidence of commercial hydrocarbons.

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4 Oct 2022 14:28

IN BRIEF: Eco Atlantic Oil & Gas shares up as well operations start

Eco Atlantic Oil & Gas Ltd - Toronto-based oil and gas exploration company - Starts operations on the Gazania-1 well in offshore South Africa. Says the Gazania-1 exploration well is being drilled to a depth of approximately 2,800 meters through a multizone pay section. The Gazania-1 prospect is targeting over 300 million barrels of light oil.

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4 Oct 2022 13:55

Eco Atlantic starts drilling Gazania exploration well

(Sharecast News) - Oil and gas explorer Eco Atlantic announced the arrival of the 'Island Innovator' semi-submersible drilling rig on Block 2B on Tuesday, and the start of operations on the Gazania-1 exploration well.

Read more
21 Sep 2022 15:57

DIRECTOR DEALINGS: Eco Atlantic shares sold in fraud against chair

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

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