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Share Price: 32.65
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Change: 0.75 (2.35%)
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UK TRADING UPDATE SUMMARY: Mereo To Delist From AIM Amid Nasdaq Focus

Wed, 11th Nov 2020 20:17

(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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Mereo Biopharma Group PLC - biopharmaceutical focused on oncology and rare diseases - Intends to cancel AIM listing with effect December 18. Will retain Nasdaq listing for American depositary shares. "By reference to the volume of underlying ordinary shares, approximately 79% of trading in the past six months has taken place on Nasdaq," Mereo says. Adds that AIM delisting will boost liquidity of ADS trading.

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PureTech Health PLC - biotherapeutics company - Says founded entity Vor Biopharma reports exclusive licensing agreement with National Cancer Institute and National Institutes of Health related to clinical-stage anti-CD33, a T-cell therapy candidate.

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NetScientific PLC - life sciences and technology investment and commercialisation company - Says investee PDS Biotechnology Corp and partner Farmacore Biotechnology jointly prioritise advancing PDS0203 Covid-19 prevention treatment to human clinical trials. "DS0203 may present strong potential to provide the breadth and level of immune responses necessary for a safe and effective vaccine with long-term protection against Covid-19," says Greg Conn, chief scientific officer of PDS Biotechnology.

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Tiziana Life Sciences PLC - biotechnology company - To work with Parexel Biotech on phase 1b/2 clinical trial of Foralumab in patients with Crohn's disease.

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Oncimmune Holdings PLC - Nottingham-based immunodiagnostics company - Signs agreement with Augmenta Bioworks Inc to provide profile patient plasma samples. Will also characterise therapeutic candidates discovered from Augmenta's SingleCyte and DeepGrid platforms.

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Remote Monitored Systems PLC - data collection and surveying firm based in London - Says news of Pfizer and BioNTech vaccine does not lessen demand for investee Pharm2Farm's viricidal mask product. "Pharm 2 Farm is focusing on bringing its mask to market as soon as possible," Remote says.

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IQE PLC - semiconductor wafer products manufacturer - Announces successful deployment of IQepiMo technology for use in RF filters and any application needed low resistance buried electrodes. "Low resistance contacts are essential for the efficient operation of almost all electronic circuits. As dimensions shrink, the limitations of existing technologies are exposed, resulting in compromised device performance. This is especially true of RF Filters, which are electronic components that allow or prevent the transmission of selected signals or frequencies," IQE says.

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Ilika PLC - Romsey, England-based solid-state battery technology developer - Says trading in first half ended October 31 in line with expectations. Says despite restrictions, revenue recognition in half comes in at GBP1.3 million, down from GBP1.5 million a year earlier. Loss before interest, tax depreciation and amortisation unchanged at GBP1.0 million.

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ITM Power PLC - Sheffield-based hydrogen energy solutions - Raises GBP7 million from open offer, taking amount raised from fundraising to GBP172 million.

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Ferro-Alloy Resources Ltd - vanadium mining and processing company operating in Kazakhstan - Raises USD151,936 through issue of bonds on Astana Stock Exchange.

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Bushveld Minerals Ltd - South Africa focused-vanadium producer - Says it has received environmental authorisation in South Africa for hybrid mini-grid at Vametco vanadium project. Appoints Abengoa to manage engineering, procurement and construction at site. Also adds memorandum of understanding signed with Thebe Investment Corp for developing funding.

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Bluebird Merchant Ventures Ltd - Korea-focused gold firm - Says expert determination period for buy of Southern Gold's 50% stake in Gubong and Kochang gold mines extended to early part of December. "Prior to the conclusion of the acquisition process the company expects to provide further positive updates from South Korea this month," Bluebird says.

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Central Asia Metals PLC - copper, zinc and lead explorer, operating in Kazakhstan and North Macedonia - Recommends six pence interim payout after initially deferring it amid tailings leak at Sasa facility. Says Sasa output now 100% back to normal and company has settled all environmental fines with North Macedonian authorities.

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Jadestone Energy Inc - Asia Pacific-focused oil and gas company - Settles dispute with Teikoku Oil Co Ltd over block 05-1 PSC, offshore Vietnam. Back in 2016, companies agreed deal for Teikoku to sell 30% interest in asset but in 2018, sellers backed out of deal. Jadestone at time said it "did not accept the termination". Jadestone says: "The company and Teikoku have agreed a full and final settlement in respect of the dispute. When considering the amount payable under the settlement, together with fees payable by the company, Jadestone will not experience a significant increase in its cash position."

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Zenith Energy Ltd - oil & gas production company with operations in Italy, Tunisia and the Republic of the Congo - Updates on legal claim in Republic of Congo initiated by its Anglo African Oil & Gas Congo SAU subsidiary. Says USD36,000 of funding made available to subsidiary Anglo African Oil & Gas Congo. "The company can confirm that it has recently been successful in obtaining a revocation of the court order that had wrongfully blocked its bank accounts," Zenith says. "Zenith believes the claim launched by AAOG Congo has merit, especially on account of the significant evidence collected at the time to substantiate its position."

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Curzon Energy PLC - investor in US based natural gas projects - Requests for its shares to be suspended temporarily. Says period of exclusivity for Sun Seven Stars Investment Group deal has expired but still in discussions for potential extension. "While the parties continue to work constructively towards a potential transaction, there can be no certainty around the length of time required to reach definitive agreement or the likelihood of concluding a potential transaction, that would remain subject to due diligence, agreement on terms, and completion of the acquisition and re-listing of the enlarged group on the Official List," Curzon says.

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Power Metal Resources PLC - metals exploration and development company - Says first drill hole at MFC project reaches depth of 445 metres. Says hole is approaching target zone.

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Goldplat PLC - AIM-listed Africa-focused gold producer - Says results for year to June 30 to be released around end of November. Says working with Mayflower to conclude Kilimapesa sale. Exclusivity period extended to end of 2020.

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Kazera Global PLC - Cardiff-headquartered AIM quoted investment company - Reports maiden shipment of diamond bearing gravel to auction. Says 4,000 tonnes of gravel produced, of this 2,000 tonnes processed by final recovery plant and due to be sold in auction this month. "The actual carat value is likely to be low (around 50 carats), but this is to be expected as the focus was on quantity of gravel produced, rather than the carat content of the gravel," Kazera says.

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City Of London Group PLC - investment company - Says recognise unit receives banking licence from UK Financial Conduct Authority. "The banking licence from the PRA / FCA represents a major step in addressing the service gap for SMEs, particularly after the negative impacts of Covid-19. Recognise is well advanced in its readiness to meet mobilisation conditions that will lead to the removal of the deposit restriction. It currently expects this could be as early as the end of Q1 2021," City of London says.

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KKV Secured Loan Fund Ltd - equipment leasing and asset finance investment - Says valuation of company portfolio still being finalised amid review by KPMG. "The review is ongoing with certain information still being collated and, as such, the company is not currently in a position to provide detailed guidance regarding collective or individual asset values, which remain subject to audit. However, the company is starting to get an indication of the potential outcomes from this review," KKV says.

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Paragon Banking Group PLC - Solihull, West Midlands-based mortgage, savings and business finance provider - Completes latest securitisation, Paragon Mortgages No.28 PLC. Says arrangers were Lloyds Bank Corporate Markets PLC and BofA Securities. PM28 contains GBP720 million worth of prime buy-to-let fixed rate mortgage assets.

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Real Estate Investors PLC - UK Midlands-focused real estate investment trust - Sells four properties for GBP9.7 million in total. Grocer Aldi buys a freehold supermarket site for GBP5.4 million and Real Estate says vacated offices in West Brom sold for GBP630,000. Company adds land located in Coseley, West Midlands sold for minimum of GBP1.2 million, with potential for additional GBP350,000, assuming buyer Countryside Properties PLC gets local authority grant application. Real Estate adds City Gate House, Leicester - sold for GBP2.6 million. Rental reduction from sales is GBP475,000 per annum.

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7digital Group PLC - London-headquartered digital music and radio services platform - Joint-venture eMusic Live partners with HarrisonParrott, a classical music artist to launch Virtual Circle, a platform for online concerts for classical music listeners. "This is the first such partnership since the formation of the joint venture with eMusic and presents clear evidence of the growing demand for artist monetisation tools, a key growth market and new revenue stream for 7digital," 7digital says.

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Matomy Media Group Ltd - Israeli advertising company - Enters into conditional merger pact with Global Auto Max Ltd. Subject to completion of milestones, Auto Max will hold 73% of company.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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10 Nov 2023 08:55

IN BRIEF: IQE CEO Americo Lemos raises stake to 1.0%

IQE PLC - Cardiff, Wales-based supplier of compound semiconductor wafer products - Chief Executive Officer Americo Lemos buys 1.4 million shares at 17.15 pence, worth GBP234,443, on Thursday. Lemos now has 9.8 million shares, a 1.0% stake.

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1 Nov 2023 10:58

IN BRIEF: Genuit confirms interim CFO Tim Pullen as permanent CFO

Genuit Group PLC - Leeds, England-based provider of water, climate and ventilation systems for buildings and infrastructure - Appoints Tim Pullen as permanent chief financial officer, effective from Wednesday. Pullen has been interim CFO since joining Genuit at the start of September. He replaced Paul James, who resigned effective September 30 to take up another CFO position with a privately owned company. Pullen was CFO of IQE PLC, an AIM-listed maker of semiconductor materials, from 2019 to 2023, and was CFO of computer chip designer Arm Ltd from 2017 to 2019. "Tim has already made an impressive contribution as interim CFO and brings extensive public market experience that will complement our executive management team," says Chief Executive Officer Joe Vorih.

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2 Oct 2023 12:48

IQE launches laser platform for AI and data centre applications

(Alliance News) - IQE PLC on Monday said it launched an "industry-first" six-inch indium phosphide, distributed feedback laser platform for artificial intelligence and data centre applications

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12 Sep 2023 14:20

IQE reports widened loss but says industry should stabilise soon

(Alliance News) - IQE PLC on Tuesday said its loss widened substantially in its latest half-year as its revenue decreased by over GBP30.0 million, but said it expects to resume profitability at the end of the year.

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12 Sep 2023 07:50

IQE swings to loss in first half

(Sharecast News) - IQE said on Tuesday that it swung to a loss in the first half as the recovery in the semiconductor industry is taking longer than expected.

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5 Sep 2023 15:47

UK earnings, trading statements calendar - next 7 days

Wednesday 6 September 
Apax Global Alpha LtdHalf Year Results
Ashmore Group PLCFull Year Results
Bakkavor Group PLCHalf Year Results
Barratt Developments PLCFull Year Results
Darktrace PLCFull Year Results
Gateley Holdings PLCFull Year Results
Halfords Group PLCTrading Statement
Hochschild Mining PLCHalf Year Results
M Winkworth PLCHalf Year Results
Malin Corp PLCHalf Year Results
Nexteq PLCHalf Year Results
Oxford Nanopore Technologies PLCHalf Year Results
Restaurant Group PLCHalf Year Results
WH Smith PLCTrading Statement
Thursday 7 September 
Angle PLCHalf Year Results
Beazley PLCHalf Year Results
Cairn Homes PLCHalf Year Results
Currys PLCTrading Statement
Direct Line Insurance Group PLCHalf Year Results
Energean PLCHalf Year Results
Funding Circle Holdings PLCHalf Year Results
Genus PLCFull Year Results
Hilton Food Group PLCHalf Year Results
Inspecs Group PLCHalf Year Results
International Public Partnerships LtdHalf Year Results
Lords Group Trading PLCHalf Year Results
Melrose Industries PLCHalf Year Results
Mpac Group PLCHalf Year Results
Playtech PLCHalf Year Results
Polarean Imaging PLCHalf Year Results
Safestore Holdings PLCTrading Statement
Synthomer PLCHalf Year Results
WAG Payment Solutions PLCHalf Year Results
Friday 8 September 
Berkeley Group Holdings PLCTrading Statement
Byotrol PLCFull Year Results
Computacenter PLCHalf Year Results
EJF Investments LtdHalf Year Results
Petershill Partners PLCHalf Year Results
Monday 11 September 
Engage XR Holdings PLCHalf Year Results
Inspired PLCHalf Year Results
MP Evans Group PLCHalf Year Results
Vistry Group PLCHalf Year Results
Tuesday 12 September 
Associated British Foods PLCTrading Statement
Cornerstone FS PLCHalf Year Results
Creo Medical Group PLCHalf Year Results
Digital 9 Infrastructure PLCHalf Year Results
Dowlais Group PLCHalf Year Results
Eleco PLCHalf Year Results
Equals Group PLCHalf Year Results
Feedback PLCFull Year Results
Fevertree Drinks PLCHalf Year Results
Gym Group PLCHalf Year Results
Harworth Group PLCHalf Year Results
hVIVO PLCHalf Year Results
IQE PLCHalf Year Results
Itaconix PLCHalf Year Results
JTC PLCHalf Year Results
Keywords Studios PLCHalf Year Results
Mattioli Woods PLCFull Year Results
Petra Diamonds LtdFull Year Results
Property Franchise Group PLCHalf Year Results
Regional REIT LtdHalf Year Results
Smart Metering Systems PLCHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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1 Sep 2023 11:19

IN BRIEF: Genuit hires former Arm, IQE exec Tim Pullen as interim CFO

Genuit Group PLC - Leeds, England-based provider of water, climate and ventilation systems for built environment - Tim Pullen will join on Monday as interim chief financial officer but not a board member.

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26 Jul 2023 14:18

TRADING UPDATES: Biome outlook unchanged, matches market consensus

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

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19 Jul 2023 09:23

Herald Investment net value slightly reduced but shares still up

(Alliance News) - Herald Investment Trust PLC on Wednesday reported a slight decrease in its net asset value and mixed investee performances, but said its portfolio remains generally sound overall.

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10 Jul 2023 09:27

LONDON BROKER RATINGS: HSBC downgrades commercial property stocks

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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22 Jun 2023 15:44

UK shareholder meetings calendar - next 7 days

Friday 23 June 
Cadogan Petroleum PLCAGM
Mears Group PLCAGM
Non-Standard Finance PLCAGM
Ocean Harvest Technology Group PLCAGM
Oxford Biomedica PLCAGM
Pelatro PLCAGM
Petrofac LtdAGM
Princess Private Equity Holding LtdAGM
Rathbones Group PLCGM re agreement regarding all-share combination with Invested Wealth & Investment Ltd
Supply@Me Capital PLCGM re open offer warrantholders
Vietnam Enterprise Investments LtdAGM
VPC Specialty Lending Investments PLCAGM
Monday 26 June 
Aterian PLCAGM
Capricorn Energy PLCAGM
Corre Energy BVAGM
Facilities by ADF PLCAGM
Lexington Gold LtdSGM re proposed acquisition of White Rivers Exploration Ltd
LifeSafe Holdings PLCAGM
Premier African Minerals LtdAGM
Vast Resources PLCGM re issuing new share capital
Volvere PLCAGM
Tuesday 27 June 
Acuity RM Group PLCAGM
Comptoir Group PLCAGM
Creo Medical Group PLCAGM
First Tin PLCAGM
Forward Partners Group PLCAGM
Galantas Gold CorpAGM
Gemfields Group LtdAGM
Golden Prospect Precious Metals LtdAGM
Hamak Gold LtdAGM
ICG Enterprise Trust PLCAGM
Impellam Group PLCAGM
India Capital Growth Fund LtdAGM
Inspiration Healthcare Group PLCAGM
Instem PLCAGM
JD Sports Fashion PLCAGM
Kingfisher PLCAGM
Mercantile Ports & Logistics LtdGM re equity fundraising
Mobile Tornado Group PLCAGM
Revolution Beauty Group PLCAGM
Scottish Mortgage Investment Trust PLCAGM
Serabi Gold PLCAGM
Sondrel Holdings PLCAGM
Surface Transforms PLCAGM
Surgical Innovations Group PLCAGM
Trinity Exploration & Production PLCAGM
Wednesday 28 June 
Atalaya Mining PLCAGM
Avacta Group PLCAGM
Boku IncAGM
Cambridge Cognition Holdings PLCAGM
Cizzle Biotechnology Holdings PLCAGM
Cobra Resources PLCAGM
Cora Gold LtdAGM
Dial Square Investments PLCAGM
Itaconix PLCAGM
NB Distressed Debt Investment Fund LtdAGM
Panthera Resources PLCGM re directors’ authority to allot shares
Phoenix Spree Deutschland LtdAGM
Pineapple Power Corp PLCAGM
Polarean Imaging PLCAGM
RA International Group PLCAGM
Schroder European Real Estate Investment Trust PLCAGM
Shield Therapeutics PLCAGM
St Mark Homes PLCAGM
Star Phoenix Group LtdAGM
ValiRx PLCAGM
Velocys PLCAGM
Vertu Motors PLCAGM
Warpaint London PLCAGM
Westminster Group PLCAGM
Zenova Group PLCAGM
Thursday 29 June 
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Africa Opportunity Fund LtdAGM
Anemoi International LtdAGM
Anpario PLCAGM
Ariana Resources PLCAGM
Beowulf Mining PLCAGM
Celadon Pharmaceuticals PLCAGM
Cornish Metals IncAGM
East Imperial PLCAGM
East Star Resources PLCAGM
Eden Research PLCAGM
Engage XR Holdings PLCAGM
First Class Metals PLCAGM
Gresham House Energy Storage Fund PLCGM re remuneration policy
Gusbourne PLCAGM
HeiQ PLCAGM
Helios Underwriting PLCAGM
Ingenta PLCAGM
IQE PLCAGM
Kooth PLCAGM
Landore Resources LtdAGM
Let's Explore Group PLCAGM
Likewise Group PLCAGM
MGC Pharmaceuticals LtdGM re issue of convertible notes
Morgan Advanced Materials PLCAGM
NetScientific PLCAGM
New Century AIM VCT 2AGM
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Reabold Resources PLCAGM
Rockhopper Exploration PLCAGM
Roquefort Therapeutics PLCAGM
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Symphony Environmental Technologies PLCAGM
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Trident Royalties PLCAGM
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Verici Dx PLCAGM
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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12 Jun 2023 09:01

IQE announces new SVP of communications unit

(Sharecast News) - Semiconductor wafer and products specialist IQE announced the appointment of Peter Rabbeni as the senior vice-president of its communications infrastructure and security business unit on Monday.

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7 Jun 2023 11:31

IN BRIEF: IQE searching for new CFO as Pullen makes sudden exit

IQE PLC - Wales-based compound semiconductor wafer product supplier - Says Chief Financial Officer Tim Pullen has stepped down with effect from Tuesday. Pullen joined IQE as CFO in February 2019, having left the same position at Arm Holdings PLC. His previous employment includes leading roles at Tesco Mobile Ltd and Serco Group PLC. Reason for his departure from IQE has not been disclosed. Associate Director of Finance Neil Rummings is appointed acting CFO with immediate effect while IQE commences the search for a permanent successor. Rummings joined IQE in April 2017 and previously served as a director at PricewaterhouseCoopers International Ltd for over six years.

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7 Jun 2023 08:24

Tim Pullen steps down suddenly as IQE finance chief

(Sharecast News) - Semiconductor wafer product specialist IQE announced on Thursday that chief financial officer Tim Pullen had resigned from his position.

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26 May 2023 14:13

TRADING UPDATES: Triple Point Social quarterly net asset value up

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

Read more

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