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Share Price: 146.00
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Change: -1.00 (-0.68%)
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Open: 150.00
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TRADING UPDATES: SigmaRoc files patent; Griffin restarts operations

Fri, 04th Nov 2022 20:38

(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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Nostrum Oil & Gas PLC - Amsterdam-headquartered oil and gas company with operations in Kazakhstan - Proposes to extend the long-stop date to February 16, 2023, from December 16. If its ongoing restructuring has not been implemented by this date, the scheme and the implementation deed will automatically terminate. On May 11, it launched a scheme of arrangement via issuing of practice statement letter to scheme creditors to implement a proposed financial restructuring, as contemplated in the lock-up agreement with regards to the 8.0% senior notes due July 2022 and 7.0% senior notes due February 2025, issued by Nostrum Oil & Finance BV.

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SigmaRoc PLC - London-based quarried materials group - Files a UK patent on its Alfabloc Mark II retaining wall systems. Alfabloc is an interconnecting precast concrete walling system produced in the UK, Ireland, Benelux and Scandinavia.

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RTW Venture Fund Ltd - New York-based investor in life sciences, biopharmaceutical, and medical technology companies - Director William Scott buys 50,000 shares at USD1.105 each.

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Griffin Mining Ltd - mine operator focused on China - Recommences the operations of Caijiaying mine in China on Tuesday. Expects full production at Caijiaying mine to begin Monday.

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Amte Power PLC - developer and manufacturer of lithium-ion and sodium-ion battery cells - Signs a convertible bond facility. Issues a tranche 1 drawdown notice in respect of the first GBP3.0 million of the facility. The maximum proceeds of the facility are expected to amount to roughly GBP3.9 million.

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Kingswood Holdings Ltd - London-based wealth and investment management - Says it made a second year 1 deferred consideration payment in the amount of GBP500,000 relating to the acquisition of Admiral Wealth Management Ltd. Says it used a portion of the cash proceeds from its new funding facility.

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Provident Financial PLC - Bradford, England-based banking company - Receives a notice from the Prudential Regulation Authority that its application for a UK Group large exposure waiver was approved. This will enable Moneybarn No 1 Ltd, the group's vehicle finance subsidiary, to access retail deposit funding via Vanquis Bank with immediate effect.

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Upland Resources Ltd - London-based oil and gas company - Promotes Non-Executive Chair Haji Bolhassan Di to chief executive officer on a full-time basis. The appointment is effective immediately. Bolhassan has had significant oil and gas experience with Shell PLC in South Korea, Singapore, the North Sea and the Netherlands.

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Round Hill Music Royalty Fund Ltd - Guernsey-based investor in music copyright assets - Turtlegrass Partners LLC, a company controlled by Round Hill Music Royalty Fund Ltd investment manager Joshua Gruss buys 116,000 at USD0.858.

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IDE Group Holdings PLC - Croydon-based cloud & IT managed services provider - Says the change of its name to Tialis Essential IT PLC has now been completed and has taken effect on companies house as of Thursday. "Over the coming months the company will be overhauling the entire IDE brand, colours and messaging, with a relaunch of the new Tialis brand. This will include a new website, planned for early 2023," the company says.

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Mode Global Holdings PLC - London-based bitcoin banking app - Says it has received and accepted conversion notices resulting in the conversion of an aggregate of GBP69,056 principal amount of the loan notes, resulting in the issuance today of 1.9 million new ordinary shares of 1 pence each in the capital of the company at an average conversion price of GBP0.0393 per share.

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Canadian Overseas Petroleum Ltd - Calgary, Canada-based oil and gas company operating in Nigeria and US state of Wyoming - Issues 7.0 million common shares following a conversion of USD800,000 principal of 2024 bonds and USD600,000 principal of 2025 bonds. The principal amount of convertible bonds outstanding reduced to USD11.2 million of 2024 Bonds and USD9.0 million of 2025 bonds, it says.

On Tuesday, the company reports that the miscible flood at it Barron Flats continue to exceed its initial expectations, "thus resulting in a resimulation of the field which is underway." Says flaring gas has commenced at Barron Flats. Continues to refine its interpretation of its deep oil discovery made in September. Remains in discussions with "select US and international banks" regarding the refinancing of its current senior credit facility of USD42 million.

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Coral Products PLC - Manchester-based plastic products maker - Proposes the cancellation of its share premium account and of the capital redemption reserve. Together they comprise the reduction of its share capital. Seeks the approval of shareholders for the cancellation of the entire share premium account of the company of GBP6.3 million. Also seeks shareholder approval for the cancellation of the capital redemption reserve of GBP1.2 million.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
18 Mar 2022 14:56

IN BRIEF: Griffin Mining restarts operations at Caijiaying mine

Griffin Mining Ltd - operator of the Caijiaying zinc-gold mine in China - Restarts underground operations at the Caijiaying zinc gold mine in the Hebei Province in China. The mill facilities are scheduled to start processing ore again on March 25.

Read more
18 Mar 2022 14:02

Griffin restarts operations at Caijiaying Mine

(Sharecast News) - Griffin Mining announced on Friday that underground operations had now restarted at the Caijiaying Mine, and that the mill facilities were scheduled to recommence processing ore on 25 March.

Read more
4 Mar 2022 11:13

AIM WINNERS & LOSERS: Griffin restarts Caijiaying; Ten Lifestyle drops

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

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4 Mar 2022 11:00

Griffin Mining shares rise on planned restart of Caijiaying operations

(Alliance News) - Griffin Mining Ltd on Friday said underground mining operations at the Caijiaying zinc-gold mine in China are scheduled to restart on March 15.

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4 Mar 2022 09:42

LONDON BROKER RATINGS: JPMorgan cuts Polymetal; Panmure raises Melrose

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday afternoon:

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2 Feb 2022 19:37

TRADING UPDATES: Portfolio updates from Scirocco, Tekcapital, MetalNRG

TRADING UPDATES: Portfolio updates from Scirocco, Tekcapital, MetalNRG

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2 Feb 2022 12:32

Griffin appoints new operations chief from Caijiaying Mine

(Sharecast News) - Griffin Mining announced the resignation of Damien Houseman as the general manager of Caijiaying Mine on Thursday, with current mine manager John Steel being appointed as its chief operating officer with immediate effect.

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18 Jan 2022 20:39

TRADING UPDATES: Ramsens resumes dividend; Watkin Jones profit rises

TRADING UPDATES: Ramsens resumes dividend; Watkin Jones profit rises

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7 Jan 2022 09:28

LONDON BROKER RATINGS: Shell cut to Neutral; Centamin raised to Buy

LONDON BROKER RATINGS: Shell cut to Neutral; Centamin raised to Buy

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31 Dec 2021 11:26

Griffin expecting 'bleak' first quarter as mine closes for Winter Olympics

(Sharecast News) - Griffin Mining announced on Friday that mining and milling operations ceased on the night shift last night and, as was customary practice for the Caijiaying Mine, would remain closed during the Chinese New Year holiday period.

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31 Dec 2021 08:49

IN BRIEF: Griffin Mining warns of "bleak" financial start to year

IN BRIEF: Griffin Mining warns of "bleak" financial start to year

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31 Dec 2021 07:44

LONDON MARKET PRE-OPEN: Mercia to see windfall from Faradion sale

LONDON MARKET PRE-OPEN: Mercia to see windfall from Faradion sale

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5 Nov 2021 16:06

IN BRIEF: Griffin's Caijiaying mine to close for Winter Olympics

IN BRIEF: Griffin's Caijiaying mine to close for Winter Olympics

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12 Oct 2021 12:14

IN BRIEF: Griffin pleased with quarterly production but stays cautious

IN BRIEF: Griffin pleased with quarterly production but stays cautious

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12 Oct 2021 09:44

Griffin Mining sees growth in ore mined and processed

(Sharecast News) - Mine operator Griffin Mining said on Tuesday that ore mined and processed had now reached roughly 100,000 tonnes per month.

Read more

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