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Pin to quick picksGstechnologies Share News (GST)

Share Price Information for Gstechnologies (GST)

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Share Price: 0.99
Bid: 0.98
Ask: 1.00
Change: -0.05 (-4.81%)
Spread: 0.02 (2.041%)
Open: 1.04
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UK TRADING UPDATE SUMMARY: Airtel Investor To Sell 60 Million Shares

Mon, 14th Dec 2020 19:35

(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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Airtel Africa PLC - Anglo-Indian provider of telecommunications and mobile money services - JPMorgan Securities notes it has been contacted by an institutional investor to sell about 60 million shares in Airtel. The secondary placing could represent up to 1.6% of Airtel's issued share capital. The price has yet to be determined JPMorgan notes. Airtel closed at 92.20 pence on Monday.

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Tritax EuroBox PLC - investor in Continental European logistics real estate assets - Signs new green lease at property in Breda, a "prime" logistics location in the West Brabant region of the Netherlands. The company has let the two vacant units with a combined gross internal area of 25,607 square metres to Samsung SDS Global SCL Netherlands Cooperatief UA, part of Samsung SDS, the IT arm of the Samsung Electronics Co. The lease has been agreed for a three-year term from December 15 2020 at an initial annual headline rent 6% above the level of the rental guarantee secured at acquisition. The new rent will be subject to annual CPI uplifts reflecting 100% of the Dutch consumer price index.

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Knights Group Holdings PLC - legal and professional services firm - Confirms acquisition of Exeter-based independent commercial law firm OTB Eveling LLP has now completed for a total of GBP2.1 million, in line with the timeframe announced in November. As a result, a total of 164,336 new ordinary shares of 0.2 pence each have been issued to the vendors of OTB Eveling to satisfy the share-based consideration on the acquisition.

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Gulf Investment Fund PLC - investment firm focused on opportunities and positive fundamental factors in the Gulf Cooperation Council - Tenders 40.6 million shares, or 44% of issued share capital. Looks to introduce new dividend policy at next AGM, which will target annual dividend equivalent to 4% of NAV at the end of the preceding year.

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Home REIT PLC - investor focused on properties across the UK that are dedicated to providing accommodation to the homeless - Buys further twelve separate portfolios of properties located across England for an aggregate purchase price of GBP64.3 million. "The rents received under these leases are subject to annual upward-only rent reviews, index-linked to the consumer prices index, subject to an annual collar and cap of 1% and 4%, respectively," Home REIT says. Company has also finalised a GBP120 million interest-only debt facility with Scottish Widows.

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Ecofin US Renewables Infrastructure Trust PLC - investment firm focused on portfolio of mixed renewable energy and sustainable infrastructure assets predominantly located in the US - Confirms timetable for initial public offer to go ahead, with results expected on Friday. Initial admission expected December 22. Has reduced minimum gross initial proceeds for the IPO to USD125 million.

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River & Mercantile Group PLC - investment firm specialising in fiduciary management, investment consulting, derivatives management - Says significant minority of shareholders vote against director remuneration policy and transformation plan at annual general meeting. Over 37% of shareholders voted against the remuneration policy and over 36% voted against the transformation plan. Says engaged shareholders on remuneration policy before AGM. "During the consultation process, there were a broad range of views expressed on the directors' remuneration policy and the value transformation plan. As is clear from the votes in favour, many of our shareholders are supportive of the directors' remuneration policy and value transformation plan. Of those shareholders who we consulted with, who did not favour the value transformation plan, there was no single common concern, but rather a range of remuneration preferences or preferred performance measures," company adds.

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Applied Graphene Materials PLC - producer of specialty graphene additives - Signs distribution agreement with Manho Polymers Co Ltd. "The agreement further extends AGM's commercial focus directly into the coatings and polymers sectors across South Korea," company adds. AGM and Manho Polymers have an exclusive agreement that will see the two companies collaborate on customer opportunities and introduce AGM's proprietary Genable graphene dispersions technology into the South Korean coatings and broader liquid resins markets.

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Berkeley Energia Ltd - clean energy company focused on bringing its wholly owned Salamanca project into production - Gets formal notification from the Ministry for Ecological Transition & the Demographic Challenge in Spain that it has been granted the renewal of the initial authorisation for the uranium concentrate plant as a radioactive facility at the Salamanca project until there is a resolution on the authorisation for construction for the uranium concentrate plant as a radioactive facility. "The company is continuing to engage with the relevant authorities in a collaborative manner in progressing the approval process for the Salamanca mine and will keep the market fully informed of any developments," company adds.

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Ecofin Global Utilities & Infrastructure Trust PLC - investment firm focused on a high, secure dividend yield from equities of utility and infrastructure companies - Says net asset value per share ended September 30 at 164.60 pence compared to 175.79p at same point year before. Net assets slips to GBP156.4 million from GBP161.5 million over 12-month period. Total dividend improves to 6.55p from 6.40p. NAV total return falls 2.6% but notes S&P Global Infrastructure Index falls 18.6%. Chair David Simpson says: "As reported at the interim stage, the financial year went well for the company's portfolio until the arrival of the coronavirus pandemic marked share prices down sharply. Your company had a low level of gearing going into the market drop and our investment manager was able to take advantage of significant share price dislocations by taking on additional borrowings. The second half of the financial year marked a strong recovery in the NAV and the share price."

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Remote Monitored Systems PLC - data collection and surveying firm based in London - Gets update confirming the Lemu production line passed Factory Acceptance Testing last Friday. A detailed written report is awaited, RMS says. "The company will provide updates, including in relation to any change to the machine delivery date, if any material change arises," company adds.

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Escape Hunt PLC - adventure game escape room operator - Notes formal opening of its newest site in Watford is now scheduled for December 27. The fit out is progressing well and is expected to be completed on time and on budget, Escape Hunt says. "The site at Watford represents a milestone as the games rooms have been constructed using our next generation designs which are fully modular. This modular design will enable the rooms to be moved and re-installed within the company's estate at a later stage much more effectively and cost efficiently and also provides another delivery option to the franchise network," company adds.

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Physiomics PLC - oncology drug development consultancy - Says National Institute for Health Research Invention for Innovation programme funded observational clinical study, this week received both ethics committee and Health Research Authority approval and it is now expected that the study will commence early in 2021. The study is being funded by the UK Department of Health & Social Care, which will provide 100% reimbursement of project costs of up to GBP150,000.

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GSTechnologies Ltd - data infrastructure, storage, and technology services firm - Wholly-owned Singapore-based subsidiary, EMS Wiring Systems Pte Ltd, has secured a contract for the installation of an integrated security system in a Singapore data centre valued at about USD1 million. The contract is expected to be completed by the first quarter of 2021.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2020 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.

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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:

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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."

Read more
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 
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Tuesday 17 October 
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Wednesday 18 October 
Ashmore Group PLCAGM
Barratt Developments PLCAGM
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Thursday 19 October 
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Medtronic PLCAGM
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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.

Read more
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.

Read more
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:

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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.

Read more
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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