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Pin to quick picksInfra.india Share News (IIP)

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TRADING UPDATES: Goldplat sells shares; Chill Brands starts campaigns

Mon, 31st Oct 2022 21:00

(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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Valereum Blockchain PLC - Gibraltar-based blockchain technology - Receives consent from the Gibraltar Financial Services Commission to complete the acquisition of the Gibraltar Stock Exchange."We have ambitious plans for the GSX and for Valereum linking the fiat and digital worlds. All our expansion plans will be fully regulated in the environments in which we plan to operate. The GSX will harness proven exchange technology from established providers and will be updated with full front to back trading and clearing functionality on a significant scale and expandability," Chair Richard Poulden comments.

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Landore Resources Ltd - Mining exploration and development company in Canada - Completes the acquisition of Ardiden Ltd's 20% interest in the Root Lake property. Earlier this month, it finalised and executed an extinguishment agreement with Green Technology Metals Ltd for CAD3 million, or USD2.2 million. Green Technology Metals will extinguish half of Landore's 3% net smelter royalty over the Root Lake property in Ontario, Canada. In return, Green Technology has agreed to pay Landore CAD2 million in cash.

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Shield Therapeutics PLC - commercial stage pharmaceutical company - Korean Food & Drug Administration says that a single pharmacokinetic study is the last study required to support a new drug application submission for Accrufer. The drug is an iron-containing medication for the treatment of adults with low iron stores. Expects regulatory approval in Korea in late 2023.

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Goldplat PLC - South Africa and Ghana-focused gold miner - Sells a portion of its shares in Caracal Gold PLC. Says it has sold 23.3 million shares in Caracal for 0.65 pence per share. Following the disposal, it retains a 4.3% interest in Caracal.

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Infrastructure India PLC - invests in infrastructure assets in India's energy and transport sectors - Notes that the purchaser of Indian Energy Ltd, AVSR Constructions, is continuing to experience administrative delays in finalising the transaction. Says that it has expressed concern to AVSR over the continued delays and stressed that progress must soon be made. Remains in discussions with third parties regarding the sale of assets.

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Momentum Multi-Asset Value Trust PLC - London-based investment firm - Renews its GBP10 million revolving credit facility with The Royal Bank of Scotland International Ltd for a further two years. The facility bears interest at 1.35% over Sterling Overnight Index Average and may be used for the acquisition of investments, it says.

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Amaroq Minerals Ltd - Greenland-focused gold mining company - Raises CAD29.0 million, or GBP18.6 million, in Iceland through a placing of 53.7 million common shares, which have been issued and admitted in the TSX Venture Exchange today.

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DeepVerge PLC - Dublin-based environmental and life science group - Says it extended its broker offer to 1630 GMT on Monday October 31.

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Chill Brands Group PLC - Grand Junction, Colorado-based cannabidiol products - Says the Chill.com website generated sales in excess of USD10,000 in the seven days following its relaunch on October 18. Starts "a number" of marketing campaigns that are intended to drive additional traffic to Chill.com. "Our focus has now turned to an array of marketing initiatives that will drive new consumers towards our growing digital sales channel. We still have a long way to go to achieve our ambitions for the Chill.com platform, but this has been a very encouraging start," Chief Executive Callum Sommerton says.

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Round Hill Music Royalty Fund Ltd - New York-based music copyright investment company - Anticipates that a number of recent industry updates in streaming will be beneficial to its revenue. "The company's exposure to positive revenue trends in streaming services is significant, with approximately 50% of RHM's revenues derived from digital service providers such as Spotify and Apple Music across master, mechanical and performance royalties," it explains.

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Psych Capital PLC - London-based psychedelic medicines media and investor - Posts a maiden pretax loss of GBP543,933 in the year which ended April 30. Records revenue of GBP62,228. Expects the publication of potentially transformative clinical trial results expected in late 2022 or early 2023, with MDMA and psilocybin-assisted therapy expected to be regulated by the FDA.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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15 Apr 2024 14:47

IN BRIEF: Infrastructure India notes recall notice for project debt

Infrastructure India PLC - infrastructure fund investing directly into assets in India - Notes loan recall notice received by Distribution Logistics Infrastructure India Ltd from the lenders to DLI's project debt. Notes that in late March, DLI was granted a period of grace for debt servicing by its Indian lenders until February and DLI management had been in discussion with its lenders regarding settlement of its dues. Says a loan recall notice in India is a precursor for the lenders to DLI to invoke the insolvency and bankruptcy code if DLI presents no satisfactory response to the notice within two weeks from the date of issue. Infrastructure India says it is in discussions with a third party and has received preliminary terms for the sale of DLI. Says these discussions are ongoing, although there can be no guarantee that these will lead to an agreement to sell DLI. Says it is liaising with DLI on this matter and will provide shareholders with further updates "as appropriate in due course".

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27 Mar 2024 16:13

EARNINGS AND TRADING: Solid State ups outlook; Quartix trading in line

(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:

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27 Mar 2024 11:02

AIM WINNERS & LOSERS: Norman Broadbent profit swing on rising revenue

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

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4 Mar 2024 21:45

IN BRIEF: Infrastructure India to extend maturity of debt facilities

Infrastructure India PLC - infrastructure fund investing directly into assets in India - Announces that the documentation to extend the maturity of its debt facilities has been finalised. Explains the debt facilities include the term loan provided by IIP Bridge Facility LLC, the working capital loan provided by GGIC Ltd and the bridging loan provided by Cedar Valley Financial. Notes the term loan is a USD119 million principal secured facility, the unsecured working capital loan is for USD17 million and the unsecured bridging loan was USD64.1 million in March 2019.

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29 Feb 2024 18:52

EARNINGS AND TRADING: Frontier IP sells last of Exscientia holding

(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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15 Feb 2024 17:15

Infrastructure India no longer selling Distribution Logistics

(Alliance News) - Infrastructure India PLC on Thursday said it will no longer be selling Distribution Logistics Infrastructure Private Ltd.

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15 Jan 2024 18:39

IN BRIEF: Infrastructure India extends debt facility maturity dates

Infrastructure India PLC - infrastructure fund investing directly into assets in India - Agrees extension to the maturity dates of all its debt facilities, being the term loan provided by IIP Bridge Facility LLC, the working capital loan provided by GGIC Ltd and the bridging loan provided by Cedar Valley Financial. All three have been extended to February 29.

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19 Dec 2023 14:39

IN BRIEF: Infrastructure India says disposals nearing completion

Infrastructure India PLC - infrastructure fund investing directly into assets in India - Says it expects to release 2023 results in the first quarter of 2024. Will be able to publish interim results immediately afterwards. Also expects to convene an annual general meeting in the first quarter. Says results delay is due to delays in the disposal of Distribution Logistics Infrastructure Private Ltd. Says this transaction allows it to remain invested in the Indian logistics sector and is expected to realise enhanced value for shareholders at the time of exit, most likely within 24 to 36 months from closing. Says both Distribution Logistics and buyer Pristine Malwa Logistics Park Private Ltd are "working diligently towards completion", with "certain complex issues" now "nearing resolution". Currently expects to complete sale by January 15. Adds that planned sale of Indian Energy Ltd to FA Power Renewables Private Ltd, closing of which was delayed due to "regulatory matters", is now close to finalisation.

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15 Dec 2023 22:03

IN BRIEF: Infrastructure India agrees loan maturity extensions

Infrastructure India PLC - infrastructure fund investing directly into assets in India - Says it has agreed to an extension of the maturity dates for all of its debt facilities, which are currently provided by GGIC Ltd, IIP Bridge Facility LLC and Cedar Valley Financial. Notes its term loan provided by IIP, worth USD119 million, will be extended to January 15. Says it unsecured working capital loan and unsecured bridging loan have also been extended to January 15.

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24 Nov 2023 18:22

IN BRIEF: FTSE Russell says five companies to be removed soon from AIM

(Alliance News) - FTSE Russell on Friday reports that the following five companies will be removed from the FTSE AIM All-Share Index next week Wednesday in the absence of an active market and in accordance with the suspension rule, as they have been suspended for 40 business days without indication of resumption.

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30 Oct 2023 14:30

TRADING UPDATES: Helium One says Tai-3 rig temporarily shut down

(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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2 Oct 2023 19:42

IN BRIEF: Infrastructure India shares temporarily suspended

Infrastructure India PLC - infrastructure fund investing directly into assets in India - Trading on AIM temporarily suspended from October 2, pending publication of the company's annual audited accounts.

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25 Sep 2023 17:37

IN BRIEF: Infrastructure India's annual report release to be delayed

Infrastructure India PLC - infrastructure fund investing directly into assets in India - Says it will not be in a position to publish the 2023 annual report by September 30, as required by AIM. Explains this relates to the sale, announced on September 6, of its interest in Distribution Logistics Infrastructure Private Ltd. Points out certain disclosures in the annual report in relation to the valuation of its interest in DLI are unable to be published due to Securities and Exchange Board of India restrictions. Therefore, trading in shares will be suspended from October 2. Expects to be in a position to complete the audit and to report its 2023 annual report prior to the end of 2023.

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