Edx Medical Grp Share News (EDX)

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

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capAI PLC - Surrey, England-based company focused on artificial intelligence systems for media and medicine - Flagship platform www.author42.com deploys in Beta on a subscription basis, with a 7-day free trial available for new users. "The initial release is focused on non-fiction works, with expansion to fiction titles planned in due course, alongside the launch of a dedicated online bookstore for Author42 publications," company says.

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Ariana Resources PLC - London-based mineral exploration and development firm - Raises AUD11 million (GBP5.3 million) under the ASX dual listing offer which closed on August 14 at AUD0.28 per CHESS Depositary Interest. The company will issue 39,285,714 CDIs under the ASX Offer, plus 157,062 CDIs under the separate director offer, representing 394.4 million new ordinary shares at 1.34p each, or about 16.87% of the enlarged share capital.

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Home REIT PLC - London-based investor in the UK's social housing sector - Agrees with AEW UK Investment Management LLP to revise terms of the investment management agreement, reflecting the reduced size of the company and the managed wind-down. Following the expiry of the two year management agreement AEW was due an investment management fee equal to 0.75% of net asset value per annum on an ongoing basis, subject to a minimum fee of GBP3 million per annum increasing annually in line with inflation by the lower of RPI, CPI and 5% per annum. Effective Friday, terms have been revised to: GBP167,000 paid to AEW per month until HOME REIT holds fewer than 10 properties, after which GBP120,000 is due monthly for three months. GBP42,000 is then due per month until termination of the revised agreement. Fees are subject to an aggregate annual cap of GBP1 million, 10% of gross rent collected from assets owned by the company and 10% of rent arrears collected, including those recovered through liquidations. The revised IMA may be terminated with six months notice and occur no earlier than August 21, 2026. "The company's unrestricted cash together with rental income are expected to be sufficient to fund the company's operational expenses and fees during the managed wind-down," Home REIT says.

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Blackstone Inc - New York-based asset manager - Regarding the offer by Wapping Bidco Ltd for Warehouse REIT PLC, Wapping acquires a further 71.0 million Warehouse shares, at a price per share up to or equal to the offer price. Blackstone-managed Bidco now owns 128.5 million Warehouse shares, about 30.25% of the outstanding share capital. Further, Bidco has received irrevocable undertakings to accept the offer from the Warehouse independent directors who hold 1.2 million shares, about 0.28% of the total. Under Rule 9, Bidco is required to make a mandatory cash offer for the remaining Warehouse share capital at a price not less than the highest paid by Bidco or its affiliates during the last 12 months. Earlier Friday, Tritax Big Box REIT PLC declared a final offer for Warehouse REIT, at a price roughly 3.5% lower than Blackstone's.

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EDX Medical Group PLC - Cambridge, England-based developer of digital diagnostic products - Publishes results for "transitional" year to March 31. Pretax loss narrows to GBP3.7 million from GBP3.8 million a year prior. Loss per share narrows to 1.03 pence from 1.26 pence. Revenue is GBP122,608, down from GBP227,986. Administrative expenses rise to GBP4.4 million from GBP3.3 million. Research and Development expenses are GBP98,394, compared to nil a year prior. Chair Jason Holt touts "partnership agreements with key hospital groups and completing a successful fund raise which will further support the key strategies driving our growth and innovation in the years ahead". Notes "several key products that have received strong market awareness". This includes a prostate cancer test which incorporates AI. "We are optimistic about the opportunities and challenges that are ahead of us," Holt adds. "The medical diagnostic industry is evolving rapidly, with increasing demand for advanced medical technologies and diagnostic solutions."

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By Aidan Lane, Alliance News reporter

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