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Pin to quick picksPetro Matad Share News (MATD)

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TRADING UPDATES: Brickability buys Leadcraft; Aquis has record July

Mon, 02nd Aug 2021 11:39

(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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Brickability Group PLC - Bracknell, Berkshire-based construction materials distributor - Buys Leadcraft Ltd for GBP5.5 million. Leadcraft is a roofing contractor based in Hampshire. "Leadcraft is Brickability's 12th strategically significant acquisition in the last three years and, following the recent transaction with Taylor Maxwell, further underlines the acquisition strategy set out at listing," Brickability says. Company will pay an initial GBP3.3 million before GBP2.2 million in deferred consideration, GBP900,000 of which is based on performance targets. Leadcraft recorded GBP5.6 million in revenue in the year that ended June 30.

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Aquis Exchange PLC - London-based operator of Aquis Stock Exchange - Says core Aquis Exchange division achieves monthly market share of pan-European trading of 6.2% in July, a record showing for company. "I am delighted that Aquis Exchange has achieved another key milestone in market share across a month of trading. Against the backdrop of Covid-19 uncertainty, I am particularly encouraged by this step-up in Aquis Exchange's market share," Chief Executive Officer Alasdair Haynes says.

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Science in Sport PLC - Nelson, England-based nutrition company - Launches 'Life', a "major new product range" within its PhD Nutrition brand. "The new range marks a significant expansion of PhD's offering and has been designed as a comprehensive range of premium supplements that optimise both physical and mental well-being," Science in Sport adds. Range includes products for gut health, mental performance as well as metabolic wellness. "It is expected to appeal to a wide range of consumers, including both PhD's core active lifestyle audience and those interested in broader well-being," company says.

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Voyager Life PLC - Perth, Scotland-based supplier of cannabidiol and hemp seed oil products for use in health and wellness industry - Opens first retail store in St Andrews, Scotland. Notes store is in prime location and sells range of CBD and hemp products as well as providing takeaway hot drinks. Store opened on July 31 and "traded profitably over the weekend". Also enters into exclusive distribution agreement with D Atkinson Herbalist & Clinic, trading as Napiers, based in Edinburgh.

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Angus Energy PLC - oil and gas development company - Preparing to resume production operations in the Saltfleetby gas field. "The process facility detailed design has resumed and is at an advanced stage. Long lead equipment has been ordered and bespoke processing units have been tendered," Angus adds. Notes rig tender selection completed and tenders for associated equipment expected in "forthcoming week". At Lidsey Field, company says Environment Agency confirms side-track can be drilled, though Angus says it is unlikely to be carried out before 2022. Finally, at Balcombe, Angus has further talks with West Sussex County Council and plans to appeal committee decision to reject bid for short well test.

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Oriole Resources PLC - mineral explorer in Senegal and Cameroon - Says mapping and stream sediment sampling continues at Central Licence Package in Cameroon. Initial results expected in third quarter of 2021. "Mapping and sampling over the remaining three licences in the west of the package will resume in Q4 2021," Oriole adds.

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Xtract Resources PLC - London-based gold miner with assets in southern Africa and Australia - Updates on second phase drilling at Bushranger copper-gold project in Australia. Notes second angled hole completed. Well-mineralised zone of copper spotted. "Drilling of more steeply angled hole BRDD-21-010 is underway," Xtract adds.

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Petro Matad Ltd - Mongolia-based oil exploration company - Receives USD2.1 million subscription proceeds from Petrovis Matad Inc. Petrovis is Petro's founding and major shareholder. In addition, Petro says it uses part of proceeds from a share placing to repay Petrovis USD459,000 in loan principal and interest.

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Rambler Metals & Mining PLC - Canada-focused copper and gold producer - Updates on drilling at Ming Mine in Newfoundland. Says initial results from ongoing diamond drill programme show "multiple intersections of high-grade copper". Rambler plans to update the resource definition for Ming Mine to include the drill data.

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Camellia PLC - Linton, England-based agricultural production firm - Buys 80% stake in Bardsley England, the UK's second largest apple supplier, for GBP15.7 million. Also provides GBP9.3 million loan to Bardsley. Fruit farming firm Bardsley operates 850 hectares of land in Kent. Land includes 27 orchards growing apples, pears and cherries. "Bardsley is an innovator in the use of agritech, employing technology such as micro-climate sensors to monitor for adverse weather and wet leaf sensors to give early indication of pests and disease. It also uses a combination of trailer-mounted machine vision devices and remote satellite technology to improve yield predictions and crop management," Camellia says.

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Henry Boot PLC - Sheffield, England-based construction and property development business - Forming joint venture with Factory, a technology campus developer. The new JV, to be called HBD X Factory, has been selected to provide 45-hectare work at Golden Valley Development by Cheltenham Borough Council in UK. Henry Boot says: "The Golden Valley Development covers 200-acres and is expected to create 12,000 new jobs, 3,700 new homes, and 2 million square feet of commercial space, with Cyber Central UK at the heart of a visionary integrated campus focused on cyber and digital innovation." Adds: "The project builds on the presence of GCHQ's headquarters and Cheltenham's existing cyber sector, with the first phase delivering an innovative, mixed use community clustered around Factory's first project of scale in the UK - Factory Cheltenham - which will sit alongside GCHQ."

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Foresight Group Holdings Ltd - infrastructure and private equity investment manager - Notes further interim close of Foresight Energy Infrastructure Partners, a Europe-focused sustainability-led energy infrastructure fund. Gets EUR71 million in new commitments. "The fund has made four investments to date, two construction greenfield wind assets, an operating wind farm and an energy-from-waste plant. All assets have been independently assessed for compliance with the EU Green Taxonomy and each asset acquired by the fund will also be certified," Foresight adds. Has a total capital pool of EUR957 million.

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RTW Venture Fund Ltd - investment company focused on the life sciences sector - Portfolio firm Tenaya Therapeutics Inc upsizes initial public offering on Nasdaq Global Market. Heart diseases-focused biotechnology company RTW raises USD180 million from placing of 12 million shares at USD15 each. On first day of trading, Tenaya rose 2.3% to close at USD15.35.

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Cordiant Digital Infrastructure Ltd - investment firm focused on digital infrastructure assets - Investment manager performs due diligence of "several investment opportunities", including two North American data centre platforms and a multi-asset tower in Europe. Also includes "a European fibre and tower platform, and three European data centre platforms". Cordiant adds: "The investment manager determined not to proceed with one of the European data centre platforms in consequence of pricing considerations. In certain instances, processes have been slowed as a result of unforeseen developments on the vendor side."

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D4t4 Solutions PLC - Surrey-based data management company - Acquires Bristol, UK-based data and analytics consultancy Prickly Cactus for up to GBP750,000. Prickly provides digital transformation consulting services and has previously had "strategic relationship with D4t4". Company adds: "With their many years of experience in key industry verticals, such as financial services and insurance, the addition of the Prickly Cactus team is expected to have a positive impact on the group's performance." In addition, D4t4 names Ashoni Mehta as chief financial officer from September 1. Mehta has previously served on boards of London-listed Rosslyn Data Technologies PLC and Northbridge Industrial Services PLC. Interim CFO Nitil Patel remains at company until end of September to ensure orderly handover.

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Tribal Group PLC - Bristol-based education software and services firm - Wins cloud contract deals worth GBP7.1 million in total. Signs five-year GBP3.5 million deal with University of Warwick for migration of its student management system and seals deals with Solent University and University of West London for Tribal's SITS:Vision database application. Also wins University of Leiden, Netherlands deal for Tribal cloud scheduling product

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Destiny Pharma PLC - Brighton, England-based biotechnology firm - Says additional data from probe of XF-73 shows patients benefitted from "sustained bacterial reduction" in three post-surgery time points of one hour, two days and six days after wound closure. "We are very pleased to announce this additional, positive data from the successful Phase 2b study of XF-73 as a novel drug to reduce the incidence of post-surgical infections such as MRSA," CEO Neil Clark adds.

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Totally PLC - Derby-based provider of healthcare services to the NHS - Handed urgent care deal worth GBP4 million per year. To provide urgent treatment centre on behalf of King's College Hospital NHS Foundation Trust. "The contract will run for a period of three years, with an option to extend for a further two years. Plans to mobilise the new service are already underway in preparation for commencement of the contract," Totally adds.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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IN BRIEF: Petro Matad raises USD6.0 million from placing, subscription

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IN BRIEF: Petro Matad narrows loss in 2021; China slowly opens border

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IN BRIEF: Petro Matad's drilling in Mongolia halted by China lockdown

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