Kistos Holdings Share News (KIST)

Kistos, Serica Energy abandon attempts to combine

(Sharecast News) - Kistos and Serica both walked away from their various attempts to combine late on Tuesday, after negotiations to reach a deal collapsed.

Serica and Kistos rule out takeover offers after rebuffed approaches

(Alliance News) - Serica Energy PLC and Kistos PLC on Tuesday said they do not intend to make offers for each other after both rejected approaches from the other.

Serica Energy rejects revised takeover proposal by Kistos

(Alliance News) - Serica Energy PLC and Kistos PLC on Monday both confirmed that Kistos had sent Serica a revised non-binding proposal regarding a potential takeover that was unanimously rejected by Serica's board.

Serica board rejects revised offer from Kistos

(Sharecast News) - Kistos announced a revised proposal for Serica Energy on Monday, after its first offer was rejected by the Serica board on 1 June.

TRADING UPDATES: Eqtec seeks raise; Black Sea Property buys

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

LONDON MARKET MIDDAY: Stocks fall; euro drops to parity against dollar

(Alliance News) - Stock prices in London were lower at midday on Tuesday on fears that central bank moves to fight inflation will spark a recession, while the euro hit parity against the dollar for the first time in almost 20 years.

AIM WINNERS & LOSERS: Serica, Kistos trade offers; tinyBuild upbeat

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

Kistos, Serica reject each other's takeover bids but see merger merits

(Alliance News) - Kistos PLC and Serica Energy PLC on Tuesday revealed they have traded takeover offers, with each rejecting the other as they mull combining to create a company that could rank within the FTSE 250 index.

Serica Energy rebuffs £1bn approach from Kistos

(Sharecast News) - North Sea specialist Serica Energy has rejected a £1bn takeover approach from smaller rival Kistos, it was confirmed on Tuesday.

Kistos completes acquisition of Greater Laggan Area interest

(Sharecast News) - Gas producer Kistos completed the acquisition of a 20% interest in the Greater Laggan Area (GLA) producing gas fields and associated infrastructure on Monday, from TotalEnergies.

LONDON BROKER RATINGS: Upgrades for Rolls-Royce and Euromoney

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

IN BRIEF: Kistos benefitting from high gas prices in solid 2022 start

Kistos PLC - London-based energy industry investor with licenses in the Netherlands - Net production in the five months to the end of May stands at 12,000 barrels of oil equivalent per day. Cash balance at May 31 was EUR128.6 million with net cash at EUR6.3 million. Development studies are ongoing for the Q11-B gas discovery and the Orion oil discovery, company says. The Q10-Gamma prospect and the Q10-A gas field are also being evaluated. Chair Andrew Austin says the year has got off to a strong start, with a "solid" operational performance that has benefitted from high gas prices.

Kistos upbeat on strong recent performance

(Sharecast News) - Gas producer Kistos reported proforma net production for the five months through May of 12,000 barrels of oil equivalent per day in an update on Thursday, unhedged as of 1 April.

UK shareholder meetings calendar - next 7 days

LONDON BROKER RATINGS: JPMorgan cuts Just Eat Takeaway and Deliveroo

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