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Pin to quick picksNetscientific Share News (NSCI)

Share Price Information for Netscientific (NSCI)

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Share Price: 64.00
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TRADING UPDATES: Pendragon quarterly trading momentum maintained

Fri, 30th Jun 2023 14:07

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

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MGC Pharmaceuticals Ltd - London-based pharmaceutical company specialising in plant-inspired medicines - Terminates person discharging managerial responsibilities from their senior management role following an internal investigation. Confirms individual failed to comply with the company's trading policy on "numerous occasions". Says additional training has been arranged with all PDMRs and employees to "reinforce the importance of compliance with the company's trading policy."

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NetScientific PLC - London-based investment firm focused on life science, sustainability and technology companies - Announces GBP500,000 third party investment into DName-iT Holdings Ltd to support the laboratories' industry. Says investment round was led by EMV Capital. NetScientific has a 37% stake in DName-iT worth GBP803,000.

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Pendragon PLC - Nottingham, England-based automotive retailer - Notes continued positive trading momentum in the second quarter of 2023 has remained in line with the company's expectations. Adds Non-Executive Chair Ian Filby intends to step down to "pursue other interests", but will remain in his role until a successor is found.

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Supply@Me Capital PLC - London-based fintech platform - Will restructure the ownership in TradeFlow Capital Management Pte Ltd to "better serve" the needs of its client companies and founders of both businesses. Says ownership in TradeFlow will be reduced from 100% to 19%. Says 81% of TradeFlow will be sold to directors Tom James and John Collis for a consideration of GBP14.4 million. Says the separation is aimed at removing potential conflicts of interest.

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NB Global Monthly Income Fund Ltd - Guernsey-based closed-ended investment company - Buys 35.9 million shares at 79.35 pence each as part of a compulsory redemption of shares. Says shares represent 27% of sterling shares, which will be cancelled.

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Induction Healthcare Group PLC - London-based software for healthcare providers and administrators -

Remains on track for cash breakeven in 2024, as well as self-sustaining growth. Also announces the completion of the sale of directory app, Switch, for an undisclosed sum. Says the consideration has been applied to its working capital. Adds interim Chief Operating Officer Paul Tambeau has been promoted to chief executive officer. Says interim Chief Financial Officer Josh McIntosh now CFO.

Adds Christopher Samler reverts to non-executive chair from executive.

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Costain Group PLC - Construction and engineering firm - Agrees to new payment plan with unnamed pension scheme trustee. Says contribution plan is for a payment of GBP3.3 million per year, payable monthly, and will run from July 1, 2023 to March 31, 2027. Adds plan will total GBP7.4 million in 2023. Says plan replaces the previous contribution plan to the scheme, which increased to an annual payment of GBP12 million from April 2023, and was paid in monthly instalments.

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Michelmersh Brick Holdings PLC - West Sussex, England-based brick maker - Resumes share buyback programme. Says will buy back a consideration worth up to GBP2.0 million.

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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14 Mar 2019 10:35

NetScientific Not Aware Of Reason Behind Recent Share Rise

LONDON (Alliance News) - NetScientific PLC on Thursday said it is not aware of any reason behind a significant rise in its share price.NetScientific shares were trading up 13% at 14.08 each

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1 Mar 2019 13:15

NetScientific Cancels Meeting Amid Shareholder Opposition To Delisting

LONDON (Alliance News) - NetScientific PLC on Friday said it believes that the resolution for the cancellation of its shares from AIM market, to be proposed at a general meeting of the firm, will

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25 Feb 2019 16:42

Invesco Divests Entire NetScientific Holding From 19% (ALLISS)

LONDON (Alliance News) - NetScientific PLC said Monday that Invesco Ltd divested its entire stake in the company.In a deal concluded on Friday, Invesco sold its 19.74% interest in the down

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21 Feb 2019 18:08

NetScientific Shareholder Increases Interest To 30% After Transaction (ALLISS)

LONDON (Alliance News) - NetScientific PLC said on Thursday that shareholder M A Lawson has increased the holding in the company to 30% from 9.7%.Shares in the healthcare technology company

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18 Feb 2019 17:46

JO Hambro Capital Management Sells Entire Holding In NetScientific (ALLISS)

LONDON (Alliance News) - NetScientific PLC on Monday said JO Hambro Capital Management Ltd no longer has a stake in the medical technology manufacturer after a transaction on Friday last to that,

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15 Feb 2019 12:36

NetScientific Plans To Leave AIM Market After Failing To Agree Sales (ALLISS)

LONDON (Alliance News) - Shares in NetScientific PLC on Friday said it will be leaving the London Stock Exchange following a failure to find a buyer.The stock was down 59% on Friday at 3.30

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15 Jan 2019 11:56

NetScientific Shares Plunge On Lack Of Takeover Approaches

LONDON (Alliance News) - Shares in NetScientific PLC slumped on Tuesday as it terminated its formal sales process, with no approaches made for its acquisition.Shares in NetScientific fell a

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20 Dec 2018 15:02

No suitors for NetScientific as it suggests delisting

(Sharecast News) - Healthcare intellectual property commercialisation group NetScientific updated the market on its strategic review on Thursday, which it announced in late November.

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26 Nov 2018 16:54

Netscientific Investee Mergers With Nasdaq-Listed Edge Therapeutics

LONDON (Alliance News) - Netscientific PLC said Monday investee PDS Biotechnology Corp has agreed to a merger with Nasdaq-listed Edge Therapeutics Inc, as the company also conducts a strategic the

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1 Nov 2018 13:41

NetScientific Portfolio Firm Vortex Inks Manufacturing Agreement

LONDON (Alliance News) - NetScientific PLC said Thursday that its 66%-owned US-based portfolio company, Vortex BioSciences, has entered into a global manufacturing agreement with Stratec GmbH to a

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28 Sep 2018 15:41

NetScientific Interim Revenue Down But Loss Narrows On Lower Expenses

LONDON (Alliance News) - NetScientific PLC on Friday said its loss narrowed in the first half of 2018 following a decline in operating costs.The healthcare investment company said its loss

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20 Sep 2018 13:47

Netscientific Portfolio Firm ProAxsis Selected For Respiratory Study

LONDON (Alliance News) - Netscientific PLC said Thursday said ProAxsis Ltd, a company in its portfolio, had two products selected for inclusion in an upcoming medical trial funded by the European

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15 Aug 2018 14:43

NetScientific's Wanda launches 'CareLink' digital health product

(Sharecast News) - Transatlantic healthcare IP commercialisation group NetScientific announced on Wednesday that portfolio company Wanda, which it said uses machine learning to help healthcare providers better manage the risk and care of patients, has launched its new digital health application 'Wanda CareLink'.

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15 Aug 2018 11:10

NetScientific Investee Launches Wanda CareLink Mobile Application

LONDON (Alliance News) - NetScientific PLC on Wednesday said its portfolio company Wanda launched its new digital health application Wanda CareLink.The investment company said Wanda uses to

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2 Aug 2018 13:23

NetScientific Portfolio Firm ProAxsis Gains CE Mark For Immunoassay

LONDON (Alliance News) - NetScientific PLC said Thursday its portfolio company ProAxsis Ltd has successfully registered a CE Mark for its third respiratory immunoassay.The CE Mark has been

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