The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksEquals Gp Share News (EQLS)

Share Price Information for Equals Gp (EQLS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 116.50
Bid: 116.00
Ask: 117.00
Change: -1.00 (-0.85%)
Spread: 1.00 (0.862%)
Open: 117.00
High: 117.00
Low: 116.00
Prev. Close: 117.00
EQLS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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:

----------

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.

----------

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."

----------

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."

----------

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."

----------

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.

----------

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."

----------

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.

----------

By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
2 Oct 2019 14:16

Equals Group launches app-based loan product for SMEs

(Sharecast News) - Electronic banking and international payments provider Equals Group announced on Wednesday that its first loan product for small to medium enterprises, in partnership with Iwoca, was now live.

Read more
2 Oct 2019 13:21

Equals Partners With Iwoca To Launch First Loan Product Offering

Equals Partners With Iwoca To Launch First Loan Product Offering

Read more
26 Sep 2019 10:43

Equals Shares Fall As Higher Costs Hurt Profit Despite Revenue Surge

Equals Shares Fall As Higher Costs Hurt Profit Despite Revenue Surge

Read more
25 Sep 2019 16:42

Equals Group Deepens Relationship With Payments Giant Mastercard

Equals Group Deepens Relationship With Payments Giant Mastercard

Read more
4 Sep 2019 15:30

Equals Open Offer Below Expectations, Raises Less Than GBP300,000

(Alliance News) - E-banking and payments firm Equals Group PLC confirmed Wednesday it raised a combined GBP14.3 million through a placing and open offer.Equals - known as FairFX Group PLC -

Read more
16 Aug 2019 12:02

Equals Launches Discounted GBP16 Million Equity Raise To Fund Growth

(Alliance News) - E-banking and payments firm Equals Group PLC announced Friday it will undertake a GBP16 million discounted equity fundraise and open offer.On Wednesday, Equals - known as

Read more
16 Aug 2019 08:18

Equals looks to raise ?16.0m to fund acquisitions

(Sharecast News) - E-banking and international payments group Equals confirmed it was looking to raise £16.0m as it looks to make further acquisitions in the business payments market.

Read more
16 Aug 2019 07:41

LONDON MARKET PRE-OPEN: Ultra Electronics Gets Big US Navy Deal

(Alliance News) - Stock prices are set to open higher in London on Friday following the previous day's sharp losses as the "mood lightens" after no new trade blows were exchanged the

Read more
14 Aug 2019 11:14

Equals Confirms Working On GBP16 Million Discounted Equity Fundraise

(Alliance News) - E-banking and payments firm Equals Group PLC confirmed Wednesday it was in "advanced stages" of undertaking a GBP16 million discounted equity fundraise and open offer -

Read more
14 Aug 2019 10:54

Equals Group confirms ?16m fundraise for growth and acquisitions

(Sharecast News) - Equals Group was forced to respond to press speculation with regard to capital raise on Wednesday, confirming it was in the "advanced stages" of conducting a fundraising in the region of £14m at a price of 110p per ordinary share.

Read more
9 Aug 2019 12:52

Equals Unit Buys Hermex Overseas Payments Business For GBP2 Million

(Alliance News) - E-banking and payments firm Equals Group PLC said Friday its FairFX subsidiary acquired international payments firm Hermex International Ltd for GBP2 million in - known as FairFX

Read more
25 Jul 2019 12:55

Equals Group Agrees Forex, Cash Management Partnership With Citigroup

(Alliance News) - Equals Group PLC said Thursday it has entered into a "global relationship" with US banking giant Citigroup Inc.Equals, formerly FairFX, is teaming up with Bank a

Read more
10 Jul 2019 11:02

Equals Sees Sharp Rise In Interim Turnover, Expects Continued Growth

(Alliance News) - Equals Group PLC said Wednesday that turnover in the first half was 18% higher year on year, in line with management expectations.Equals, formerly FairFX, generated of in

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.