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Share Price: 118.50
Bid: 118.00
Ask: 119.00
Change: -1.00 (-0.84%)
Spread: 1.00 (0.847%)
Open: 119.50
High: 118.50
Low: 118.50
Prev. Close: 119.50
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TRADING UPDATES: Equals buys Roqqett; Aviva reappoints DWF

Mon, 09th Jan 2023 16:52

(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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Team17 Group PLC - Nottingham, England-based video game development company and publisher of educational entertainment apps for children - Says trading in the year ended December 31 will be "at least" in line with market expectations. Adds that it will be providing a trading update in the week commencing January 16.

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Equals Group PLC - London-based payments firm for small and medium enterprises - Receives regulatory approval from the Financial Conduct Authority for the acquisition of open banking payments platform Roqqett Ltd. The acquisition is now complete. The acquisition includes an initial GBP1.0 million cash payment, followed by three deferred payments totalling GBP1.3 million. The deferred payments comprise one payment of GBP250,000 and two payments of GBP500,000, one of which is in cash while the other will be satisfied by the issue of shares in Equals at the price of 87.23 pence per share. Expects the acquisition to be earnings accretive in the medium term and will allow the company to "widen the addressable markets for its services as well as driving growth."

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Trident Royalties PLC - London-based mining royalty and streaming company - Notes Lithium Americas Corp announcement regarding Thacker Pass lithium project. Says the US District Court in Nevada reaffirmed that no additional hearings or briefings are required and it expects to issue a decision in the next couple of months. Trident holds a 60% interest in a gross revenue royalty over the entirety of the project; Lithium Americas is the project operator. Chief Executive Adam Davidson says: "Thacker Pass is a critical project for the USA to establish a robust battery metal supply chain. It is also a cornerstone asset within our portfolio and provides battery metal exposure and significant future revenues."

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DWF Group PLC - Manchester, England-based legal business with operations in North America - Says it has been reappointed to Aviva PLC's core legal panel. Under the agreement, DWF will provide a "broader" range of services to meet Aviva's requirements in England & Wales, Scotland, Northern Ireland and globally where required. The panel reappointment is effective immediately and is for a minimum period of three years. DWF Global Head of Insurance Glyn Jones: "We have worked with Aviva for many years and are very pleased that through this latest reappointment we will now be able to provide an expanded range of services, reflecting the breadth of expertise and quality of delivery in our insurance business."

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Kazera Global PLC - diamond and rare earths explorer in South Africa and Namibia - Receives further cleared funds of USD716,265 from Hebei Xinjian Construction. In December, Kazera signed a definitive agreement to sell its 100% interest in African Tantalum (Proprietary) Ltd to Hebei Xinjian Construction for USD13.0 million. Kazera has now received USD1.7 million to date. Complete operational control has now passed to Xinjian, with Xinjian responsible for ongoing costs and retaining revenue from operations save for a 2.5% royalty to be paid to Kazera in perpetuity. "The receipt of this further payment is another positive gauge of Xinjan's confidence in the asset and highlights the positive working relations between the two parties in the transition and we are pleased to have now transferred operational control. The buyers are now well ahead of the payment schedule, and we look to continue this strong track record through to completion of the sale," says Chief Executive Dennis Edmonds.

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Anglo Asian Mining PLC - London-based gold, copper and silver producer focused on Azerbaijan - Makes third investment TSX-listed Libero Copper & Gold Corp to buy 2.6 million shares at 15 Canadian cents each, for a total of CAD390,000, or USD289,000. The investment maintains Anglo Asian's 19.8% holding in Libero, which owns or has the right to acquire several copper exploration properties in North and South America. Chief Executive Reza Vaziri says: "We are pleased to make a third investment in Libero in little over a year. With an exciting range of significant copper assets across the Americas, and an experienced management team, we have the upmost confidence in Libero to develop these assets in a swift and responsible manner."

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Sunrise Resources PLC - Macclesfield, England-based mine developer with operations in Nevada, US - Says Tolsa USA Inc has staked additional claim at the company's Pioche Sepiolite Project following its recent trenching programme and decision to move to a resource drilling programme in Spring 2023. Tolsa is the US subsidiary of Madrid-based sepiolite producer Tolsa SA. Says additional mining claims stake to more than double the size of the Pioche Sepiolite project area. Sunrise says that Tolsa is required to make a payment of USD50,000 to the company to continue its option to purchase the Pioche Sepiolite project in Nevada, US for 12 months. This means that Tolsa can purchase the Pioche project for USD1.3 million by December 28, 2023. It is also required to pay Sunrise a 3% royalty.

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By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
27 Dec 2023 14:18

IN BRIEF: Equals "remains confident" as acquisition talks continue

Equals Group PLC - London-based payment platform developer - Says current trading is in line with its expectations and "remains confident in the longer-term growth prospects of the business". Strategic review announced on November 1 continues, with discussions ongoing between Equals and Madison Dearborn Partners LLC. Madison Dearborn is now required to announce a firm intention to make or not make an offer for Equals by the evening of January 24. Deadline was originally November 29, and was subsequently extended until December 27.

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21 Dec 2023 18:17

TRADING UPDATES: CAP-XX reports strong product sales to aid first half

(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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21 Dec 2023 13:48

Equals Group issues further shares for acquisition of Oonex

(Sharecast News) - Equals Group updated the market on its acquisition of Oonex on Thursday, which it initially announced on 5 July.

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5 Dec 2023 17:54

TRADING UPDATES: Velocys agrees bid, Helical lets office to Sainsbury

(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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4 Dec 2023 10:21

Equals achieves ISO information management certification

(Sharecast News) - Equals Group has achieved ISO/IEC 27001:2022 certification for information security management, it announced on Monday.

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1 Dec 2023 20:54

TRADING UPDATES: Legal boost for Dialight; VSA in Lush-related claim

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

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29 Nov 2023 11:39

Equals extends deadline for possible offer from Madison Dearborn

(Sharecast News) - Equals Group updated the market on its strategic review to explore various strategic options on Wednesday, which it first announced on 1 November.

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1 Nov 2023 16:54

TRADING UPDATES: Premier Miton sizes up Tellworth Investments

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

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1 Nov 2023 16:52

LONDON MARKET CLOSE: Stocks prosper ahead of central bank rate calls

(Alliance News) - Stocks in London took their lead from a positive start on Wall Street to close higher as investors prepare for interest rate decisions in the UK and US.

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1 Nov 2023 14:25

Equals confirms strategic review but intends to stay independent

(Alliance News) - Equals Group PLC on Wednesday confirmed an ongoing review of its strategic options, saying it has contacted potential counterparties and has not ruled out a future acquisition offer.

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3 Oct 2023 16:34

IN BRIEF: Equals says shareholders approve capital reduction

Equals Group PLC - London-based fintech payments group focused on the Enterprise and SME marketplaces - Says a special resolution put to shareholders regarding the proposed reduction of the company's share premium account in the amount of GBP25.0 million was passed. Says the reduction will create additional distributable reserves to the value of around GBP25.0 million, which it may use to deliver returns to shareholders in the future - whether through dividends, distributions, or purchases in the firm's owns shares. The expected date for the court hearing to confirm the capital reduction is October 24, and the expected date for completion of the capital reduction is October 31. The board intends - should the capital reduction complete - to pay a maiden dividend of 1.5 pence per share in respect of financial 2023.

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26 Sep 2023 15:52

UK shareholder meetings calendar - next 7 days

Wednesday 27 September 
4Global PLCAGM
abrdn New India Investment Trust PLCAGM
Amigo Holdings PLCAGM
AO World PLCAGM
Baltic Classifieds Group PLCAGM
Coral Products PLCAGM
EDX Medical Group PLCAGM
Empyrean Energy PLCAGM
First Property Group PLCAGM
Riverstone Energy LtdEGM re tender offer
Samarkand Group PLCAGM
System1 Group PLCAGM
Schroder British Opportunities Trust PLCAGM
Schroder Real Estate Investment Trust LtdAGM
Voyager Life PLCAGM
Thursday 28 September 
abrdn Japan Investment TrustGM re merger with Nippon Active Value Fund PLC
abrdn Japan Investment TrustAGM
ActiveOps PLCAGM
Babcock International Group PLCAGM
Boussard & Gavaudan Holding LtdEGM re managed wind-dow proposals
CentralNic Group PLCGM re name change to Team Internet Group PLC
CT Global Managed Portfolio Trust PLCAGM
Diageo PLCAGM
FIH Group PLCAGM
FRP Advisory Group PLCAGM
Kromek Group PLCAGM
NWF Group PLCAGM
Oxford Cannabinoid Technologies Holdings PLCAGM
Pembroke VCT PLCAGM
Polar Capital Holdings PLCAGM
Redcentric PLCAGM
Revolution Beauty Group PLCAGM
Roebuck Food Group PLCAGM
SysGroup PLCAGM
TPXimpact Holdings PLCAGM
TruFin PLCAGM
Zoo Digital Group PLCAGM
Friday 29 September 
600 Group PLCAGM
Andrada Mining LtdAGM
Capital Metals PLCAGM
Enteq Technologies PLCAGM
finnCap Group PLCAGM
Goodwin PLCAGM
GRC International Group PLCAGM
Hellenic Dynamics SAAGM
ITM Power PLCAGM
Kodal Minerals PLCAGM
Merit Group PLCAGM
Naked Wines PLCAGM
Shearwater Group PLCAGM
Victoria PLCAGM
Monday 2 October 
no events scheduled 
Tuesday 3 October 
Equals Group PLCGM re capital reduction approval
Haydale Graphene Industries PLCGM re capital reorganisation
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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12 Sep 2023 14:04

IN BRIEF: Equals plans maiden dividend after interim profit surges

Equals Group PLC - London-based fintech payments group focused on the Enterprise and SME marketplaces - Reports pretax profit of GBP5.8 million in the six months ended June 30, multiplied from just GBP900,000 a year prior as revenue rises 43% to GBP45.0 million from GBP31.4 million. Notes underlying transaction values in the half increase to GBP6.0 billion from GBP4.2 million year-on-year.

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5 Sep 2023 15:47

UK earnings, trading statements calendar - next 7 days

Wednesday 6 September 
Apax Global Alpha LtdHalf Year Results
Ashmore Group PLCFull Year Results
Bakkavor Group PLCHalf Year Results
Barratt Developments PLCFull Year Results
Darktrace PLCFull Year Results
Gateley Holdings PLCFull Year Results
Halfords Group PLCTrading Statement
Hochschild Mining PLCHalf Year Results
M Winkworth PLCHalf Year Results
Malin Corp PLCHalf Year Results
Nexteq PLCHalf Year Results
Oxford Nanopore Technologies PLCHalf Year Results
Restaurant Group PLCHalf Year Results
WH Smith PLCTrading Statement
Thursday 7 September 
Angle PLCHalf Year Results
Beazley PLCHalf Year Results
Cairn Homes PLCHalf Year Results
Currys PLCTrading Statement
Direct Line Insurance Group PLCHalf Year Results
Energean PLCHalf Year Results
Funding Circle Holdings PLCHalf Year Results
Genus PLCFull Year Results
Hilton Food Group PLCHalf Year Results
Inspecs Group PLCHalf Year Results
International Public Partnerships LtdHalf Year Results
Lords Group Trading PLCHalf Year Results
Melrose Industries PLCHalf Year Results
Mpac Group PLCHalf Year Results
Playtech PLCHalf Year Results
Polarean Imaging PLCHalf Year Results
Safestore Holdings PLCTrading Statement
Synthomer PLCHalf Year Results
WAG Payment Solutions PLCHalf Year Results
Friday 8 September 
Berkeley Group Holdings PLCTrading Statement
Byotrol PLCFull Year Results
Computacenter PLCHalf Year Results
EJF Investments LtdHalf Year Results
Petershill Partners PLCHalf Year Results
Monday 11 September 
Engage XR Holdings PLCHalf Year Results
Inspired PLCHalf Year Results
MP Evans Group PLCHalf Year Results
Vistry Group PLCHalf Year Results
Tuesday 12 September 
Associated British Foods PLCTrading Statement
Cornerstone FS PLCHalf Year Results
Creo Medical Group PLCHalf Year Results
Digital 9 Infrastructure PLCHalf Year Results
Dowlais Group PLCHalf Year Results
Eleco PLCHalf Year Results
Equals Group PLCHalf Year Results
Feedback PLCFull Year Results
Fevertree Drinks PLCHalf Year Results
Gym Group PLCHalf Year Results
Harworth Group PLCHalf Year Results
hVIVO PLCHalf Year Results
IQE PLCHalf Year Results
Itaconix PLCHalf Year Results
JTC PLCHalf Year Results
Keywords Studios PLCHalf Year Results
Mattioli Woods PLCFull Year Results
Petra Diamonds LtdFull Year Results
Property Franchise Group PLCHalf Year Results
Regional REIT LtdHalf Year Results
Smart Metering Systems PLCHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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5 Jul 2023 14:27

Equals Group interim revenue up; completes GBP4.1 million Oonex deal

(Alliance News) - Equals Group PLC on Wednesday said that its revenue in the first half of 2023 climbed as its distribution channels expanded.

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