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Pin to quick picksGstechnologies Share News (GST)

Share Price Information for Gstechnologies (GST)

London Stock Exchange
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Share Price: 0.955
Bid: 0.94
Ask: 0.97
Change: -0.015 (-1.55%)
Spread: 0.03 (3.191%)
Open: 0.97
High: 0.97
Low: 0.94
Prev. Close: 0.97
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TRADING UPDATES: VH Global enters Brazil with USD63 million funding

Fri, 28th May 2021 18:01

(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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GSTechnologies Ltd - Milton Keynes, England-based wireless, electronic cabling and security solutions for infrastructure development customers - Announces collaboration with Singaporean blockchain payment solution provider Wise MPay Pte Ltd. Makes collaboration with a view to Wise MPay providing the company with software and services to facilitate the its plans to develop new higher-growth synergistic business areas focussed on blockchain technology. Plans to launch a borderless neobanking platform providing next-generation digital money solutions. The company's neobanking platform will be named GS Money.

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Real Good Food PLC - Liverpool-based food producer - Says Ingredients Ltd, Omnicane International Investors Ltd, and certain funds managed by Downing LLP have each agreed to contribute GBP180,000 towards the costs incurred by the group in relation to the disposal of Brighter Foods Ltd, announced in April. The total contribution of GBP540,000 will be done via a waiver of outstanding loan notes held by the various shareholders.

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San Leon Energy PLC - oil and gas exploration and production in Nigeria - Says subsidiary Decklar Petroleum Ltd makes "considerable progress" at Oza-1 well re-entry at the Oza oil field in Nigeria. "The major components of the drilling rig equipment are being transported to the field this week and it is anticipated the rig will be completely moved, installed and rigged-up within two weeks. Decklar will then commence the Oza-1 well re-entry operational activities including the initial work of pulling out the existing tubing, running a cement bond log and cased hole reservoir logs," says company.

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Panthera Resources PLC - gold exploration and development company focused on west Africa and India - Says the reverse circulation drill rig has arrived on site at the Labola project in Burkina Faso and the planned 5,000 metre drilling programme has started.

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Kape Technologies PLC - Isle of Man-headquartered digital security software provider - Announces new debt facility. Enters into an agreement with its existing bank syndicate of Bank of Ireland, Barclays Bank PLC and Citi Commercial Bank, as well as three new banks being Citizens Bank, BNP Paribas and Leumi Bank for the facility. Banks to provide new senior secured bank facilities of up to USD220 million. New facility has a three-year term with an option to extend by up to an additional two years. "We continue to remain acutely focused on growing our market reach and creating value for all our stakeholders," says Chief Financial Officer Moran Laufer.

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VH Global Sustainable Energy Opportunities PLC - sustainable energy investment company - Commits USD63 million to fund the construction of 18 remote distributed solar generation projects across ten Brazilian states with a total capacity of 75MW. "As promised to investors, this funding commitment marks the beginning of a very exciting journey for the company in Brazil, where we can support real and lasting improvements in the country's energy infrastructure," says company.

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Agronomics Ltd - Isle of Man-based alternative proteins company - Annoucnes that portfolio company CellX Limited has completed its seed financing round. Agronomics invested USD50,000 in CellX in December last year.

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FastForward Innovations Ltd - investor in life sciences and technology businesses particularly within the medical cannabis field - Says investee Little Green Pharma Ltd announced an additional AUD2.5 million, about GBP1.4 million, purchase order for LGP's high THC cannabis flower medicine from German pharmaceutical wholesaler Deutsche Medizinalcannabis GmbH.

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HeiQ PLC - Zurich-based textiles technology firm - Announces sustainable textile finishing partnership with Alchemie Technology, a firm specialised in smart dyeing technology. Says it will enable HeiQ customers to add its high performance technologies to textiles at significantly lower cost and in a much more environmentally friendly way. Says it will roll out its digital multifunction finishing solution, NOVARA, to the global textile market in the third quarter of this year.

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Savannah Energy PLC - Niger and Nigeria-focused energy firm - Swings to pretax profit in 2020 of USD10.9 million from USD105.4 million loss in 2019. Reports revenue of USD169.0 million, soaring form USD17.8 million. "2020 represented our first full year of ownership since the completion of the acquisition of our Nigerian assets and our financial results show just how transformational the acquisition has been for Savannah. Against a challenging backdrop, we recorded a robust financial and operating performance. We beat all of our original financial guidance metrics," says CEO Andrew Knott.

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Altus Strategies PLC - Africa-focused mining royalty company - Expands activities into Egypt as it gets four gold exploration licences. Nets three new copper and silver exploration projects in Morocco. Reports completion of strategic review of Bikoula iron project.

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By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
23 Apr 2024 13:49

GSTechnologies raises GBP1.3 million through share placing

(Alliance News) - GSTechnologies Ltd on Tuesday announced it has raised funds to contribute towards its GS Money strategy.

Read more
22 Apr 2024 20:03

EARNINGS AND TRADING: Zenova's Kitemark award; Carnival's eyes savings

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

Read more
21 Dec 2023 15:32

IN BRIEF: GSTechnologies interim loss narrows as eyes Semnet buy

GSTechnologies Ltd - Milton Keynes, England-based information technology solutions company - Loss narrows 36% to USD737,000 in the six months to September 30, from USD1.2 million a year ago. Posts no revenue in either half-year. Looking ahead, expects completion of cybersecurity business Semnet Pte Ltd by early February. Two weeks ago, GSTechnologies agreed to acquire around 67% of the Singapore-based firm, Semnet Pte Ltd for USD1.8 million.

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6 Dec 2023 11:41

IN BRIEF: GSTechnologies buys majority stake in Singapore-based Semnet

GSTechnologies Ltd - Milton Keynes, England-based information technology solutions company - Agrees to acquire around 67% of Singapore-based cybersecurity firm, Semnet Pte Ltd for USD1.8 million. Says remaining 33.33% shares in Semnet are held by Ong Siew Phek and Lam Pek San, which own 23.33% and 20% respectively. Chair Tone Goh says: "This strategic acquisition represents a further important step in the company's journey. Our commitment to innovation and excellence remains unwavering, and having in-house cybersecurity expertise and capability is important as we continue to build a B2B Neobank providing next-generation digital money solutions. We look forward to providing updates in due course on the progress of this acquisition and the subsequent enhancements it brings to our fintech offerings."

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29 Nov 2023 11:31

GSTechnologies to buy 60% of payments business EasySend

(Alliance News) - GSTechnologies Ltd on Wednesday said it signed an option to purchase agreement to acquire a majority stake in Belfast-based cross-border payments business EasySend Ltd.

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14 Nov 2023 14:19

TRADING UPDATES: Billington on track to beat 2023 expectations

(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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13 Oct 2023 15:49

UK shareholder meetings calendar - next 7 days

Monday 16 October 
Let's Explore Group PLCGM re name change to Huddled Group PLC
Tuesday 17 October 
Diverse Income Trust PLCAGM
Gateley Holdings PLCAGM
Wednesday 18 October 
Ashmore Group PLCAGM
Barratt Developments PLCAGM
Round Hill Music Royalty Fund LtdCourt Meeting and GM re cash offer
Thursday 19 October 
Argo Group LtdAGM
Bridgepoint Group PLCGM re adding Energy Capital to platform
Direct Line Insurance Group PLCGM re sale of brokered commercial insurance business lines to RSA Insurance Ltd
Instem PLCGM re takeover by Archimed
Medtronic PLCAGM
Pantheon International PLCAGM
Rank Group PLCAGM
Friday 20 October 
GSTechnologies LtdAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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15 Aug 2023 12:18

GSTechnologies shares up as completes PAYPT Finance acquisition

(Alliance News) - GSTechnologies Ltd on Tuesday said it has completed the acquisition of PAYPT Finance Ltd, a Canadian company holding a Canadian money services business licence.

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31 Jul 2023 13:50

IN BRIEF: GSTechnologies full-year revenue down; loss widens

GSTechnologies Ltd - Milton Keynes, England-based information technology solutions company - Reports revenue of USD2.3 million for the year ended March 31, down 45%from USD4.2 million in financial 2022. Says net operating income of USD443,000, multiplying from USD47,000 the year prior. Says pretax loss was USD1.6 million, widening from USD1.4 million the previous year. Chair Tone Kay Kim says "there is a very bright future for GST", adding that the firm is exploring further acquisition opportunities following its recently proposed purchase of PAYPT Finance Ltd.

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20 Jul 2023 17:19

TRADING UPDATES: RC365 inks agreement; GSTechnologies buys PAYPT

(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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30 Jun 2023 14:07

TRADING UPDATES: Aquila European says no hit from Siemens Energy woe

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

Read more
16 Jun 2023 09:53

IN BRIEF: GSTechnologies stablecoin application to FCA faces delays

GSTechnologies Ltd - Milton Keynes, England-based information technology solutions company - Says UK Financial Conduct Authority stablecoin application continues to be processed, after having been extended beyond anticipated timeframe. Adds, its subsidiary, Angra, continues to perform in line with its expectations.

Read more
17 May 2023 12:40

GSTechnologies raises GBP750,000 for GS Money strategy

(Alliance News) - GSTechnologies Ltd on Wednesday said it has raised GBP750,000 through a placing of 75.0 million shares at a price of 1.0 pence each.

Read more
12 May 2023 14:30

IN BRIEF: GSTechnologies stablecoin application review delayed

GSTechnologies Ltd - Milton Keynes, England-based information technology solutions company - Says the expected final panel review meeting regarding the stablecoin application for admission to the UK Financial Conduct Authority regulatory sandbox will not take place. This is due to "unprecedented" levels of sickness within the FCA team. As a result, the FCA will provide a decision on the application by the end of this month, instead of mid-May as previously announced.

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11 Apr 2023 11:11

IN BRIEF: GSTechnologies notes share rise, FCA application progressing

GSTechnologies Ltd - Milton Keynes, England-based information technology solutions company - Notes recent share price rise and confirms its stablecoin application for admission to the UK Financial Conduct Authority regulatory sandbox continues to progress as expected. Says the sandbox application has been assessed by the FCA, who have verbally indicated that it is eligible for, and undergoing, FCA panel review and further assessment. Expects to receive the decision on the application in mid-May 2023. Says it continues to assist the FCA with their panel review of the sandbox application in the meantime. The application was first announced in late February, while GSTechnologies says it will make further announcements "in due course" and as appropriate.

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