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Pin to quick picksKatoro Gold Share News (KAT)

Share Price Information for Katoro Gold (KAT)

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UK TRADING UPDATE SUMMARY: New Trend Lifestyle Sees Extended Turmoil

Fri, 29th May 2020 17:06

(Alliance News) - The following is a round-up of updates by London-listed companies on the impact of the Covid-19 pandemic, issued on Friday and not separately reported by Alliance News:

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New Trend Lifestyle Group PLC - feng shui products - Operations to remain closed for at least a further four weeks from June 2. Uncertain over resumption of operations. Predicts extended disruption to activities. Seeking to raise new funding amid a significant adverse impact to cash flow due to virus disruption. Unable to take advantage of loans being offered by local Singapore banks due to the holding company being in the UK.

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Hutchison China Meditech Ltd - biopharmaceutical - New drug application for Savolitinib for the treatment of non-small cell lung cancer with MET Exon 14 skipping mutations accepted for review by the China National Medical Products Administration. Application is supported by data from an open-label, Phase II registration study.

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Anexo Group PLC - credit hire and legal services - Places 8.8 million shares at 125 pence per share for a total of GBP11 million, consisting of 6 million new shares and 2.8 million shares sold by sellers. Company nets GBP7.5 million and selling shareholders, including Chair Alan Sellers, banks GBP3.5 million. Proceeds to be used expand the advocacy and specialist litigation team, open a new office in Leeds, England, make further investment in expanding fleet and strengthen balance sheet.

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Learning Technologies Group PLC - digital learning and talent management - Issues 64.4 million new ordinary shares at 127.0 pence per share, raising GBP81.8 million. Chair Andrew Brode and Chief Executive Jonathan Satchell each subscribe 196,850 shares.

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DWF Group PLC - legal business - Chief Executive Officer Andrew Leaitherland to step down with immediate effect. Chair Nigel Knowles to assume CEO role with immediate effect. Chris Sullivan, senior independent non-executive director, appointed as interim chair. Disruption experienced in April was greater than anticipated and as a result revenue grew by 11% over the year to April 30, below 15% to 20% expectations. Predicts annual earnings before, interest, tax, depreciation and amortisation of GBP34 million, with underlying adjusted Ebitda of GBP21 million. Seen activity levels strengthen in May with a number of new client wins, including panel appointments, and with a good pipeline of bid activity. Net debt than expected at GBP64.9 million.

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Condor Gold PLC - exploration - Nets GBP764,997 from warrants exercise. Issues 2.9 million new shares, comprising 312,499 shares at 31 pence per share and 2.7 million at 25p. Chair Mark Child, Directors Andrew Cheatle and Jim Mellon and Chief Financial Officer Jeffrey Karoly exercised warrants for 8,333, 4,166, 1,041,666 and 4,166 shares for a total subscription value of GBP264,583.

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Katoro Gold PLC - gold and nickel - Sees significant increase in interest from possible funders for Blyvoor gold tailings project located in South Africa, following publication of a scoping study. To allow for sufficient time to duly entertain and properly consider the funding options and proposals from potential funders.

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Sabien Technology Group PLC - energy reduction technologies - Has live orders for the installation of 350 Sabien M2G units from multiple customers. Anticipates a phased return to normal operations from July 1. David Bakst resigned his role as managing director. Chair Richard Parris to undertake the day-to-day management of the operating business.

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Pendragon PLC - cars - Inks sale and leaseback agreement for Porsche centre in Stockport, England. Receives GBP10.5 million in cash, while retaining the use of the property under a 15-year lease. To use proceeds for general corporate purposes.

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Amedeo Air Four Plus Ltd - aircraft leasing - Awaiting outcome of Thai Airways rehabilitation application. Thai Airways has not paid any lease payments to the company since May 22. In discussion with Thai Airways and also the secured lenders of the four aircraft on lease to Thai Airways and awaits further news of the liquidators' intentions, which might not become clear until much nearer to the August court hearing.

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API Group Corp - safety, specialty and industrial services - Cancellation of ordinary shares from the main market of the London Stock Exchange to take effect from Monday.

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Yew Grove REIT PLC - commercial property - Sees 22% shareholders voting against resolution to issue up to 100 million ordinary shares. 78% investors approved the resolution for share issue.

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K3 Business Technology Group PLC - supply chain software - Sees 29% shareholder votes against re-election of Per Johan Claesson and Oliver Scott. All resolutions at the company's annual general meeting duly passed on a poll.

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By Tapan Panchal; tapanpanchal@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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