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Pin to quick picksOrigin Share News (OGN)

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TRADING UPDATES: Origin Enterprises kicks off EUR20 million buyback

Mon, 20th Nov 2023 14:46

(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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International Biotechnology Trust PLC - London-based biotechnology and healthcare sector-focused alternative investment fund, managed by SV Health Managers LLP - Says that with effect from Monday, Schroder Unit Trusts Ltd has been appointed as the company's fund manager and alternative investment fund manager. Ailsa Craig and Marek Poszepczynski have joined Schroder Investment Management Ltd from SV Health Partners LLP, but will continue as the company's portfolio managers. Further, International Biotechnology's depositary agreement with Northern Trust Company has been terminated, and the its new depositary will be HSBC Bank PLC.

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Origin Enterprises PLC - Dublin-based agronomy services firm - Starts share buyback programme to repurchase up to EUR20 million of its ordinary shares. The buyback will start on November 21, and will run up to July 29, 2024.

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Technology Minerals PLC - London-based battery metals and recycling firm - Notes progress from subsidiary, Recyclus Group Ltd, which operates an industrial-scale lithium-ion battery recycling plant in Wolverhampton. Says the plant has accumulated 100 tonnes of feedstock, the maximum allowed under the Environmental Agency permit. Also notes a significant rise in recycling production, reaching up to 45% net black mass yield. Technology Minerals says that it remains well-positioned to support ongoing operations with convertible loan facilities for additional working capital as needed. Adds that Recyclus has access to GBP525,000 under a GBP1 million loan facility from a company shareholder.

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Neometals Ltd - Sustainable battery materials producer - Says the board has determined to withdraw resolution 4, which was referred to in the notice of its AGM, scheduled for November 24. The resolution called for approval of an increase to the maximum aggregate remuneration of Neometals' non-executive directors. Says the decision was taken by the board following "sentiment evident" in preliminary proxy voting returns. Explains the resolution was designed to better enable the company's future board succession planning arrangements, and its withdrawal is not anticipated to have any material impact. The validity of proxy forms provided in connection with the AGM and all proxies already submitted by shareholders in respect of the other proposed resolutions at the AGM remain unaffected by the withdrawal.

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By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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28 May 2013 09:30

Origin Enterprises' revenues hit by adverse weather

Agricultural services company Origin Enterprises reported a 5.2 per cent fall in revenue to 428m euros in the third quarter as adverse weather in the UK affected farms. The company said sales in its UK agronomy services business, Agrii, were lower, reflecting cold weather which slowed crop growth a

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20 Jun 2011 10:06

Carr's Milling sells fertiliser unit to Origin for £19m

Agriculture and engineering firm Carr's Milling Industries has agreed to sell its fertilisers unit to Origin Enterprises for £19m and intends to use the £3m proceeds to reduce its pension fund deficit. Upon completion, Origin Enterprises will assume discharge the net debt of Carrs Fertilisers, whi

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12 Jun 2011 15:04

Sunday newspaper round-up: Greece, Manchester Utd., France

A way forward in the Greek crisis? French banks have agreed, in principle, to subscribe to new issues of Greek sovereign debt to replace maturing bonds, rolling over existing commitments, but on condition that all creditors do the same, the Financial Times says. European authorities, however, have y

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22 Nov 2010 13:42

Agri-business boom for Origin

Food and agricultural products supplier Origin Enterprises says that farm incomes are getting a boost and this means that it is set for a stronger performance in 2011. Ireland-based origin is quoted on AIM and its Irish Stock Exchange counterpart the ESM. Revenues are 5% ahead at €340.6m in the f

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8 Jun 2010 17:49

Better third quarter for Origin Enterprises

Agricultural and food products supplier Origin Enterprises is traded strongly in the third quarter. Dublin-based Origin's revenues are 11% lower at €1.02bn in the nine months to April 2010 but the third quarter revenues rose 11% year-on-year. EBITDA is 3% lower at €55.5m for the same period but the

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11 Mar 2010 13:24

Origin profits slip

Interim profits fell at Irish food and agriculture group Origin in a tough trading environment, with the trend exacerbated by buying decisions being deferred into the second half. Pre-tax profit dropped to €11.4m from €17.1m on sales of €597m down from €710m. EPS fell to 8.7c from 11.2c. The inte

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30 Nov 2009 15:41

Commodity price falls slow Origin

Irish agricultural feed producer Origin Enterprises saw revenues dip in the three months to end-October, largely as a result of lower commodity prices. Group revenue fell 23.8% to €323.5m, with underlying revenues down 17.2%. The agri-nutrition business saw revenues slump to €252.9m from €340.8m a

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28 Sep 2009 13:51

Origin Enterprises moves into profit

Irish agri-nutrition and food group Origin Enterprises posted a rise in revenues and moved into profit in the year to July 31 despite the extremely difficult conditions in the country's economy. Revenue edged up to €1.507bn from €1.504bn over the same period the previous year and profits totalled €

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