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Pin to quick picksKingswood H. Share News (KWG)

Share Price Information for Kingswood H. (KWG)

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Share Price: 10.00
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TRADING UPDATES: SigmaRoc files patent; Griffin restarts operations

Fri, 04th Nov 2022 20:38

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

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Nostrum Oil & Gas PLC - Amsterdam-headquartered oil and gas company with operations in Kazakhstan - Proposes to extend the long-stop date to February 16, 2023, from December 16. If its ongoing restructuring has not been implemented by this date, the scheme and the implementation deed will automatically terminate. On May 11, it launched a scheme of arrangement via issuing of practice statement letter to scheme creditors to implement a proposed financial restructuring, as contemplated in the lock-up agreement with regards to the 8.0% senior notes due July 2022 and 7.0% senior notes due February 2025, issued by Nostrum Oil & Finance BV.

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SigmaRoc PLC - London-based quarried materials group - Files a UK patent on its Alfabloc Mark II retaining wall systems. Alfabloc is an interconnecting precast concrete walling system produced in the UK, Ireland, Benelux and Scandinavia.

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RTW Venture Fund Ltd - New York-based investor in life sciences, biopharmaceutical, and medical technology companies - Director William Scott buys 50,000 shares at USD1.105 each.

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Griffin Mining Ltd - mine operator focused on China - Recommences the operations of Caijiaying mine in China on Tuesday. Expects full production at Caijiaying mine to begin Monday.

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Amte Power PLC - developer and manufacturer of lithium-ion and sodium-ion battery cells - Signs a convertible bond facility. Issues a tranche 1 drawdown notice in respect of the first GBP3.0 million of the facility. The maximum proceeds of the facility are expected to amount to roughly GBP3.9 million.

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Kingswood Holdings Ltd - London-based wealth and investment management - Says it made a second year 1 deferred consideration payment in the amount of GBP500,000 relating to the acquisition of Admiral Wealth Management Ltd. Says it used a portion of the cash proceeds from its new funding facility.

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Provident Financial PLC - Bradford, England-based banking company - Receives a notice from the Prudential Regulation Authority that its application for a UK Group large exposure waiver was approved. This will enable Moneybarn No 1 Ltd, the group's vehicle finance subsidiary, to access retail deposit funding via Vanquis Bank with immediate effect.

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Upland Resources Ltd - London-based oil and gas company - Promotes Non-Executive Chair Haji Bolhassan Di to chief executive officer on a full-time basis. The appointment is effective immediately. Bolhassan has had significant oil and gas experience with Shell PLC in South Korea, Singapore, the North Sea and the Netherlands.

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Round Hill Music Royalty Fund Ltd - Guernsey-based investor in music copyright assets - Turtlegrass Partners LLC, a company controlled by Round Hill Music Royalty Fund Ltd investment manager Joshua Gruss buys 116,000 at USD0.858.

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IDE Group Holdings PLC - Croydon-based cloud & IT managed services provider - Says the change of its name to Tialis Essential IT PLC has now been completed and has taken effect on companies house as of Thursday. "Over the coming months the company will be overhauling the entire IDE brand, colours and messaging, with a relaunch of the new Tialis brand. This will include a new website, planned for early 2023," the company says.

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Mode Global Holdings PLC - London-based bitcoin banking app - Says it has received and accepted conversion notices resulting in the conversion of an aggregate of GBP69,056 principal amount of the loan notes, resulting in the issuance today of 1.9 million new ordinary shares of 1 pence each in the capital of the company at an average conversion price of GBP0.0393 per share.

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Canadian Overseas Petroleum Ltd - Calgary, Canada-based oil and gas company operating in Nigeria and US state of Wyoming - Issues 7.0 million common shares following a conversion of USD800,000 principal of 2024 bonds and USD600,000 principal of 2025 bonds. The principal amount of convertible bonds outstanding reduced to USD11.2 million of 2024 Bonds and USD9.0 million of 2025 bonds, it says.

On Tuesday, the company reports that the miscible flood at it Barron Flats continue to exceed its initial expectations, "thus resulting in a resimulation of the field which is underway." Says flaring gas has commenced at Barron Flats. Continues to refine its interpretation of its deep oil discovery made in September. Remains in discussions with "select US and international banks" regarding the refinancing of its current senior credit facility of USD42 million.

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Coral Products PLC - Manchester-based plastic products maker - Proposes the cancellation of its share premium account and of the capital redemption reserve. Together they comprise the reduction of its share capital. Seeks the approval of shareholders for the cancellation of the entire share premium account of the company of GBP6.3 million. Also seeks shareholder approval for the cancellation of the capital redemption reserve of GBP1.2 million.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
23 Aug 2019 09:48

Kingswood Holdings Receives Term Loan Conversion Notice From KPI

(Alliance News) - Kingswood Holdings Ltd on Friday said it has received a lender conversion notice on its term loan facility with KPI Nominees Ltd.The wealth management firm said KPI has to

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21 Aug 2019 12:20

CORRECT: Kingswood Agrees CEO Drawdown; Trading Meets Expectations

(Correcting that KPI recently acquired an additional stake in Kingswood from Astoria Investments)(Alliance News) - Kingswood Holdings Ltd said Tuesday it has agreed a GBP3.2 million from an

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20 Aug 2019 13:08

Kingswood Agrees Drawdown With CEO; Trading In Line With Expectations

(Alliance News) - Kingswood Holdings Ltd said Tuesday it has agreed a GBP3.2 million drawdown from an existing convertible loan facility with KPI Nominees Ltd, which is run by Kingswood's and

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20 Aug 2019 08:49

Kingswood draws down on ?3.15m convertible term loan

(Sharecast News) - Investment manager Kingswood Holdings has drawn down on its £3.15m convertible term loan with KPI in order to move ahead with new investments.

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2 Jul 2019 12:28

Astoria Investments To Acquire Kingswood Shares Held By KPI Nominees

(Alliance News) - Kingswood Holdings Ltd on Tuesday said KPI Nominees Ltd has agreed to sell its Kingwood holding to Astoria Investments UK Ltd on Friday last week.KPI currently owns 62.4 a

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1 Jul 2019 17:49

DIRECTOR DEALINGS: Kingswood Non-Exec West's Associate Buys Shares

(Alliance News) - Kingswood Holdings Ltd on Monday said Farmilon Investment Ltd purchased shares in the investment advisory firm following a transaction on Thursday last week.Farmilon is a

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25 Jun 2019 14:55

Kingswood Agrees Potential Funding Deal For Acquisition Pipeline

(Alliance News) - Wealth manager Kingswood Holdings Ltd on Tuesday said it has agreed a potential funding arrangement as it looks to pursue a number of opportunities.Kingswood said that, as

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25 Jun 2019 09:15

Kingswood continues to explore funding options for ?100m pipeline

(Sharecast News) - Wealth management group Kingswood Holdings updated investors on its acquisition pipeline on Tuesday as it continues to explore opportunities to source additional funding to support its execution.

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10 Jun 2019 13:26

Kingswood Appoints Former Goldman Sachs Executive Suss To Board

LONDON (Alliance News) - Wealth manager Kingswood Holdings Ltd on Monday said it has appointed former Goldman Sachs Inc executive Rob Suss as non-executive director with immediate effect to advise

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28 May 2019 11:38

Kingswood Holdings Unit Buys Stake In Manhattan Harbor To Expand In US (ALLISS)

LONDON (Alliance News) - Kingswood Holdings Ltd on Tuesday said it has acquired a 7% interest in Manhattan Harbor Capital Inc as part of its US expansion plans.Manhattan Harbor is a company

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8 May 2019 12:13

Kingswood Holdings Removes Astoria CEO From Board After Share Issue

LONDON (Alliance News) - Kingswood Holdings Ltd on Wednesday said that Darryl Kaplan has ceased to be a non-executive director of the company with immediate effect.Kaplan, currently chief a

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30 Apr 2019 16:08

Director dealings: New Kingswood executive acquires 1.05m shares

(Sharecast News) - Kingswood holding chief operating officer Graydon Butler acquired 1.05m ordinary shares in the AIM-listed wealth planning and investment management company.

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15 Apr 2019 10:47

Kingswood Holdings' Annual Loss Narrows Amid Ongoing Turnaround

LONDON (Alliance News) - Wealth management adviser Kingswood Holdings Ltd on Monday reported a narrowed loss in 2018, though the company's core unit registered a decrease in assets under 2018,

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15 Apr 2019 08:17

Kingswood Holdings loss narrows following cost reductions

(Sharecast News) - Kingswood Holdings reported a narrowed annual loss on Monday as reduced cost of sales and miscellaneous expenses offset a drop in revenue.

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2 Apr 2019 14:29

Kingswood Expects 2018 Profit Below Expectations On Higher Costs

LONDON (Alliance News) - Wealth management group Kingswood Holdings Ltd said on Tuesday it is now in a position to obtain "sustained earnings growth" following a period of 2018, expects

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