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Pin to quick picksGuild Esports . Share News (GILD)

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TRADING UPDATES: Milton plans energy focus; Guild completes fund raise

Thu, 09th Nov 2023 17:28

(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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Milton Capital PLC - cash shell looking for targets in field of technology - Provides strategy update. Intends to primarily focus on opportunities in the energy sector, and in particular, light to medium hydrocarbon exploration and extraction and natural hydrogen. Believes that these types of investment opportunities are integral to the energy transition and, as such, will provide considerable growth potential for shareholders. Further, names Nick Pillar as a non-executive director. Richard Mays, non-executive director, becomes non-executive chair. Grants 7.5 million share options to directors and consultants.

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Guild Esports PLC - London-based esports business - Completes follow-on fundraising by way of a share placing and subscription of up to 26 million shares at a price of GBP0.005 each. The placement follows and was at the same price as the company's recently announced subscription. Executive management subscribes for 6 million shares at the placing price, representing a total contribution of GBP30,000. Chief Executive Jasmine Skee explains: "This additional funding will be used together with the injection of capital announced last month [and] opens exciting avenues for Guild and provides us with the means to accelerate our strategic initiatives as we look to build the world's leading gaming-focused media brand."

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Myanmar Investments International Ltd - Myanmar-focused investor - The investment firm proposes delisting from AIM as the military coup in Myanmar has "created significant uncertainty to the business prospects of the company's remaining investments". Its investees are not paying dividends, so the firm's listing costs are being paid for through company cash reserve. It said it will "consider a potential distribution to shareholders" but for now believes "that the cash reserves should be conserved within the company to pay future operating expenses as they are incurred". "When the sale of an investment has been completed, the directors will re-consider this decision and consider capital distributions to shareholders. If the investments have not been sold before the time that the company reaches a cash level representing one year's forecast expenses, the directors will need to arrange alternative funding such as a loan from or placement of new shares with shareholders or new investors," it adds. Calls general meeting for December 1.

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Libertine Holdings PLC - Sheffield, England-based technology platform solutions provider - Issues trading update. Says at September 30, the group had cash reserves of GBP0.9 million, which provides the group, absent any additional revenues, with the funds required to maintain current operations through to May 2024. Remains committed to developing its intelliGEN and Hexagen technology platforms provided to its original equipment manufacturer customers for their development of Linear Generator and Linear Motor products. Says the company is engaged in commercial and technical dialogue under a non-disclosure agreement with prospective OEM customers across a number of different applications and geographic regions.

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Regional REIT Ltd - London-based real estate investment trust - Exchanges and completes on the sale of its Venlaw and Elmbank Gardens offices in Glasgow for GBP6.25 million. Explains the proceeds will be used to reduce debt. Remains focused on a controlled disposal programme to bring the loan to value back to the long-term target of 40%. Notes the sale brings total disposals to GBP26.0 million in the financial year to date. Further, updates on third quarter trading. Says continued to trade well during the period and has made good progress, completing a number of lease renewals during the quarter. Retention remained high with around 73% of units up for renewal let to the same tenants. Renewals achieved a 6.2% uplift in rental income. Declares dividend of 1.20 pence.

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Ergomed PLC - Guildford, England-based pharmaceutical services company - Says scheme by which bid for company by Permira Advisors has been sanctioned by the court. Scheme is expected to become effective on November 10. Shares are expected to be cancelled on November 14.

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MobilityOne Ltd - e-commerce platform provider - Updates on proposed joint venture with Super Apps. Notes amended draft proxy statement has been filed by Tete Technologies Inc, a wholly owned subsidiary of Technology & Telecommunication Acquisition Corp. The purpose of the filing is to provide Tete shareholders with information on the proposals ahead of seeking approval for the merger itself. An extraordinary general meeting will be convened in due course for this purpose by Tete. As announced by the company on October 19, the payment of the consideration to MobilityOne in relation to the terms of the proposed disposal is subject to the completion of the merger and such consideration payments will be dependent on timings for completion of the merger.

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By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
2 Apr 2024 11:27

IN BRIEF: Guild Esports jumps on USD250,000 loan

Guild Esports PLC - London-based esports business - Enters USD250,000 unsecured convertible loan agreement with Compassare Holdings. Says loan has a one-year term, with an interest rate of 8%. The proceeds will be used for "working capital requirements."

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25 Mar 2024 13:29

UK shareholder meetings calendar - next 7 days

Tuesday 26 March 
Becket Invest PLCAGM
Power Metal Resources PLCAGM
Power Metal Resources PLCGM re share consolidation
Riverstone Energy LtdEGM re proposed tender offer
Titon Holdings PLCAGM
Tribe Technology PLCAGM
Wynnstay Group PLCAGM
Wednesday 27 March 
abrdn Private Equity Opportunities Trust PLCAGM
Asimilar Group PLCAGM re cancellation from AQSE
LoopUp Group PLCGM re cancellation of shares
LPA Group PLCAGM
Kondor AI PLCAGM
Nexus Infrastructure PLCAGM
RC365 Holding PLCGM re convertible loan note issue
Rights & Issues Investment Trust PLCAGM
Tekmar Group PLCAGM
Troy Income & Growth Trust PLCGM re proposed combination
Thursday 28 March 
Autins Group PLCAGM
Dar Global PLCAGM
Guild Esports PLCAGM
Idox PLCAGM
Law Debenture Corp PLCAGM
Malin CorpAGM
MediaZest PLCAGM
React Group PLCAGM including vote on share consolidation
Friday 29 March 
no events scheduled 
Monday 1 April 
no events scheduled 
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
26 Feb 2024 20:17

TRADING UPDATES: Begbies trading in line; Probiotix inks partnership

(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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31 Jan 2024 14:29

EARNINGS AND TRADING: Hydrogen Future loss widens; Quantum revenue up

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

Read more
22 Dec 2023 11:05

IN BRIEF: Guild Esports inks further one-year contract with Subway

Guild Esports PLC - London-based esports business - Signs a one-year UK sponsorship agreement with Subway IP LLC, effective from the start of 2024. Subway is a sandwich shop chain. The deal reappoints Subway as Guild's "official quick-service restaurant partner", following on from the two companies' two-year global sponsorship agreement first signed in March 2021.

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21 Dec 2023 21:18

TRADING UPDATES: Guild Esports hails Counter-Strike-focused deal

(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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8 Dec 2023 14:01

IN BRIEF: Guild Esports gears up for World Cup with new 'Eagles' team

Guild Esports PLC - London-based esports business - Finalises professional Counter-Strike roster of five players plus coaching staff. All five players previously competed together as 'Bad News Eagles' and now play as the 'Guild Eagles'. Says team has growing audience worldwide and has won eight of ten matches since joining Guild. Company intends to compete in the 2024 Esports World Cup in Riyadh as part of its "strategy to establish a foothold in the [Middle East & North Africa] region", where e-sports are "increasingly popular". Guild previously signed its first Counter-Strike team in March.

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7 Dec 2023 13:13

Guild Esports says Studios arm hits revenue milestone on Sky deal

(Alliance News) - Guild Esports PLC on Thursday said that its Guild Studios division has generated over USD1.1 million in revenue, with a partnership with Sky Broadband helping to push it over the line.

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14 Nov 2023 16:23

TRADING UPDATES: Technology Minerals, Beeks Financial hail deal wins

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

Read more
30 Oct 2023 11:48

IN BRIEF: Guild Esports to raise GBP1.0 million from unnamed investor

Guild Esports PLC - London-based esports business - Signs subscription letter with "an international esports, content creation and media brand" to raise up to GBP1.0 million. Brand has subscribed for up to 200.0 million new shares at 0.5 pence each. Subscription is in three tranches, all payable in cash. Brand has already subscribed for the first GBP250,000 tranche; the second, also of GBP250,000, is due on Monday. The third tranche is for GBP500,000, but is conditional on the two parties entering a "wider commercial agreement". Proceeds will provide further working capital, "to implement Guild's strategic drive for its brand and services more deeply into the industry ecosystem as well as to facilitate international expansion." Guild is especially eager to "establish an immediate foothold" in the Middle East & North Africa region.

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16 Oct 2023 15:26

IN BRIEF: Guild Esports professional Fortnite player wins USD200,000

Guild Esports PLC - London-based esports business - Says its professional Fortnite player, 'Chico', has won USD200,000 after finishing third in the "prestigious" Fortnite Champion Series final. The event was hosted in Copenhagen on Friday. Says it provided "significant visibility" to Guild, and a small proportion of the prize money went to the company.

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12 Oct 2023 14:11

IN BRIEF: Guild Esports signs three new Fortnite players

Guild Esports PLC - Signs three top-ranked professional players, 'Blacha', 'Chico' and 'PabloWingu' to its professional Fortnite group. Blacha, Chico and PabloWingu are regarded as "industry ones to watch" and have won over USD185,000 combined in tournament prize pools in 2023, it notes. They will be competing under the Guild banner in European and international Fortnite tournaments.

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10 Oct 2023 10:50

Guild Esports teams up with Adidas and Stormzy for sports diversity

(Alliance News) - Guild Esports PLC on Tuesday said it is the first professional gaming team to join the #Merky FC programme to boost career opportunities for young Black people in the football industry.

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11 Sep 2023 13:53

Guild Esports strengthens bond with Sky as Glass becomes TV partner

(Alliance News) - Guild Esports PLC shares surged on Monday after it named Sky Glass as its official television partner, effective immediately.

Read more

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