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Share Price: 0.99
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Change: 0.045 (4.76%)
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Open: 0.945
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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.

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11 Apr 2023 10:05

SMALL-CAP WINNERS & LOSERS: GSTechnologies progresses FCA application

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

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4 Apr 2023 12:02

IN BRIEF: GSTechnologies receives notice to convert loan into stock

GSTechnologies Ltd - Milton Keynes, England-based information technology solutions company - Receives conversion notice from its loan facility provider to convert remaining USD285,000 principal amount of loan and associated interest of USD28,500 into new shares. The conversion price will be 0.31 pence per new share, resulting in 81.2 million shares being issued to the provider. Following this, no principal amount or associated interest will remain outstanding under the loan facility.

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29 Mar 2023 11:01

GSTechnologies cancels USD1.6 million loan facility after one drawdown

(Alliance News) - GSTechnologies Ltd on Wednesday said it cancelled its USD1.6 million loan facility, announced in late December, after one drawdown of USD800,000, meaning a second drawdown of the same amount is no longer available.

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2 Mar 2023 19:57

TRADING UPDATES: Downing Renewables acquires two hydropower plants

(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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20 Feb 2023 12:58

GSTechnologies files stablecoin regulatory sandbox application to FCA

(Alliance News) - GSTechnologies Ltd on Monday said it filed a stablecoin application to the UK Financial Conduct Authority for admission to the finance watchdog's regulatory sandbox.

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31 Jan 2023 21:41

TRADING UPDATES: Andrada finds pegmatite; Tekcapital wins partner

(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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18 Jan 2023 10:43

SMALL-CAP WINNERS & LOSERS: Just Eat up on swing to adjusted profit

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

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28 Dec 2022 09:37

SMALL-CAP WINNERS & LOSERS: Argo Blockchain up on USD65 million sale

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

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28 Dec 2022 09:28

GSTechnologies gains USD1.6 million loan facility

(Alliance News) - GSTechnologies Ltd announced on Wednesday it entered into an unsecured convertible loan facility to receive funding of up to USD1.6 million.

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20 Dec 2022 14:29

EARNINGS SUMMARY: Goodwin achieves rise in interim profit and revenue

(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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16 Nov 2022 16:44

GSTechnologies soft launches cryptoasset exchange GS20

(Alliance News) - GSTechnologies Ltd on Wednesday announced the soft launch of its cryptoasset exchange, GS20.

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24 Oct 2022 15:50

UK shareholder meetings calendar - next 7 days

Tuesday 25 October 
Hammerson PLCGM re proposed capital reduction
International Consolidated Airlines Group SAEGM 
Next Fifteen Communications Group PLCGM cash and share acquisition
Rio Tinto PLCGM re China Baowu Steel Group deal
Tritax EuroBox PLCGM Investment Management Agreement
Vertu Capital LtdGM readmission of ordinary shares
Wednesday 26 October 
JPMorgan Global Growth & Income PLCAGM
KCR Residential REIT PLCAGM
International Consolidated Airlines Group SAEGM aircraft purchase
Mid Wynd International Investment Trust PLCAGM
Mirada PLCAGM
Omega Diagnostics Group PLCAGM
Thursday 27 October 
Alumasc Group PLCAGM
Anglesey Mining PLCAGM
Brooks Macdonald Group PLCAGM
City Of London Investment Trust PLCAGM
Filtronic PLCAGM
Hargreaves Services PLCAGM
National Milk Records PLCAGM
Ovoca Bio PLCAGM
PCI-PAL PLCAGM
Provexis PLCAGM
Real Good Food PLCAGM
South32 LtdAGM
TheWorks.co.uk PLCAGM
TruSpine Technologies PLCAGM
Tufton Oceanic Assets LtdAGM
Wesfarmers LtdAGM
Friday 28 October 
ITM Power PLCAGM
Kibo Energy PLCAGM
Mattioli Woods PLCAGM
Shepherd Neame LtdAGM
Tirupati Graphite PLCAGM
The Investment Co PLCAGM
Monday 31 October 
Aberforth Split Level Income Trust PLCAGM
B&M European Value Retail SAGM appointment of directors
Brown Advisory US Smaller Cos PLCAGM
City of London Investment Group PLCAGM
GSTechnologies LtdAGM
London Finance & Investment Group PLCAGM
M&C Saatchi PLCGM re takeover offer from Next Fifteen Communications
Springfield Properties PLCAGM
Superdry PLCAGM
Tavistock Investments PLCAGM
Time Finance PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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13 Sep 2022 14:03

GSTechnologies rises hires legal adviser for UK FCA stablecoin sandbox

(Alliance News) - GSTechnologies Ltd on Tuesday said it has appointed Pinsent Masons LLP as its legal advisor to assist with its stablecoin application for admission to the UK Financial Conduct Authority Regulatory Sandbox.

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24 Aug 2022 10:56

GSTechnologies shares up on FCIS approval of UAB Glindala acquisition

(Alliance News) - GSTechnologies Ltd shares jumped on Wednesday after it said that the Lithuanian Financial Crime Investigation Service has approved its acquisition of UAB Glindala.

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28 Jul 2022 20:05

EARNINGS UPDATES: Rathbones assets drop; Trackwise sinks to loss

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

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