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Pin to quick picksEden Share News (EDEN)

Share Price Information for Eden (EDEN)

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Share Price: 4.25
Bid: 4.00
Ask: 4.50
Change: 0.00 (0.00%)
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AIM WINNERS & LOSERS: CAP-XX patents ruled invalid in US litigation

Mon, 18th Dec 2023 11:13

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

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AIM - WINNERS

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Eden Research PLC, up 21% at 4.95 pence, 12-month range 3p-12.16p. The company focused on sustainable biopesticides and plastic-free formulation technology, alongside Corteva Agriscience, announces a temporary regulatory approval in Italy for Ecovelex. The product is approved for use as a bird repellent seed treatment in corn for the 2024 growing season. Adds it has submitted regulatory dossier and application to Austria, which will act as "interzonal rapporteur member state" for the EU. The review and authorisation can take between 18 and 24 months.

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AIM - LOSERS

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CAP-XX Ltd, down 56% at 0.75p, 12-month range 0.55p-4.7p. The Sydney-based supercapacitor and energy management system manufacturer provides an update on its patent infringement action against Maxwell Technologies Inc, now a subsidiary of US electric vehicle maker Tesla Inc. Says US District Court of Delaware affirms CAP-XX patents were invalid, and therefore Maxwell has not infringed them, and is therefore not liable to pay damages nor license fees. "Whilst CAP-XX is disappointed with this decision, it is in discussions with its attorneys to agree the appropriate next steps," the firm says.

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RBG Holdings PLC, down 32% at 11.15p, 12-month range 10p-71.97p. The legal and professional services firm warns the expected improvement in trading in its Legal Services division has not materialised over the second half, with trading broadly in line with the first. In particular, Memery Crystal has been hit by the lack of activity in commercial real estate and equity capital markets, as transactions forecast for the fourth quarter have been delayed or cancelled. Now expects annual revenue in 2023 to be below market expectations at around GBP41.9 million, falling year-on-year from GBP49.8 million. Adjusted earnings before interest, tax, depreciation and amortisation are expected to drop sharply to around GBP4.0 million from GBP15.8 million. "The board recognises that 2023 has been a year of significant transition and a disappointing one for shareholders. Nonetheless, the board is confident that the business is moving into 2024 on a significantly stronger footing than at the start of this year," says Non-Executive Chair Marianne Ismail. Even so, Ismail guides for revenue and profit to be only "slightly higher" in 2024.

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By Elizabeth Winter, Alliance News deputy news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
22 Jan 2024 13:35

Eden Research revenue set to beat market expectations

(Sharecast News) - Biopesticide specialist Eden Research said in a trading update on Monday that it expected a 72% increase in full-year revenue for 2023, to £3.1m, surpassing market expectations by £0.3m.

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22 Jan 2024 11:42

Eden Research annual revenue to beat market consensus amid sales boost

(Alliance News) - Eden Research PLC on Monday said expects 2023 revenue to be ahead of market expectations as it saw a jump in product sales.

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9 Jan 2024 11:29

Eden Research's Mevalone gains regulatory approval in California

(Alliance News) - Eden Research PLC on Tuesday said its biofungicide Mevalone has been approved in California.

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9 Jan 2024 10:30

AIM WINNERS & LOSERS: DigitalBox feels upbeat; Zytronic swings to loss

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

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18 Dec 2023 11:48

Eden Research shares jump as Ecovelex gets approved in Italy

(Alliance News) - Eden Research PLC said it has received, alongside Corteva Agriscience, a temporary regulatory approval in Italy for the use of Ecovelex.

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18 Dec 2023 11:23

Eden Research bird repellant gets temporary approval in Italy

(Sharecast News) - Eden Research and Corteva Agriscience announced the temporary approval of Ecovelex 2023 in Italy on Monday for use as a bird-repellent seed treatment in corn during the 2024 growing season.

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5 Oct 2023 13:09

IN BRIEF: Eden Research raises GBP8.4 million via placing

Eden Research PLC - Oxfordshire, England-based company focused on sustainable biopesticides and plastic-free formulation technology - Says that 129.2 million ordinary shares will be issued via a conditional placing, raising GBP8.4 million before expenses. This includes subscriptions for 7.7 million ordinary shares, more than the minimum announced at the time of the initial announcement, raising a further GBP500,000. Subsequently, a total of GBP9.9 million has been raised pursuant to the firm capital raising, the retail offer and the conditional placing. The conditional placing shares are expected to be admitted to trading on AIM on Friday.

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3 Oct 2023 18:51

IN BRIEF: Eden Research says 3 of 4 conditions for capital raise met

Eden Research PLC - Oxfordshire, England-based company focused on sustainable biopesticides and plastic-free formulation technology - On Friday, says that three out of four conditions for its previously announced capital raise have now been met. Says the final condition will be completed "shortly".

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29 Sep 2023 13:22

EARNINGS: Eden Research loss widens on GBP5 million impairment

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

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16 Aug 2023 09:08

Eden Research shares jump as it receives first order for Ecovelex

(Alliance News) - Eden Research PLC shares were up on Wednesday, after it said it received its first commercial order for Ecovelex.

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2 Aug 2023 17:25

IN BRIEF: Eden Research to issue 6.1 million shares from retail offer

Eden Research PLC - Oxfordshire, England-based company focused on sustainable biopesticides and plastic-free formulation technology - Will issue 6.1 million new shares at a price of 6.5 pence each after closing its retail offer. As a result, alongside 13.9 million firm placing shares, 3.0 million firm subscription shares, a total of 23.0 million new shares will be issued in relation to the placing, subscription and retail offer, raising total gross proceeds of GBP1.5 million. Admission is expected on Thursday morning.

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28 Jul 2023 17:27

Eden Research raises up to GBP9.0 million through share issues

(Alliance News) - Eden Research PLC on Friday announced two equity raises and one proposed retail offer, totalling up to GBP9.0 million, alongside a potential further GBP2.0 million, to fund materials to build up stocks for its new seed treatment.

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3 Jul 2023 17:31

TRADING UPDATES: Mycelx wins deal; 88 Energy buys in Texas

(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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3 Jul 2023 15:58

Eden Research applies for Ecovelex approval in the UK

(Sharecast News) - Biopesticide specialist Eden Research announced its application for the authorisation of 'Ecovelex' in the United Kingdom on Monday, following its recent application in the European Union.

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