(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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XLMedia PLC - London-based marketing company - Says it has made a "solid start" to 2021, supported by a good performance in the Personal Finance and European Sport verticals. Says this, coupled with recent acquisitions in US Sports vertical, "continues to partially offset the ongoing weakness across our European Casino assets". Expects 2021 revenue between USD65 million and USD70 million, down from USD79.7 million in 2020. "As outlined in our 2020 full-year results published in April, we continue to invest in the ongoing transformation of the business, including the systems and technology that underpin performance, to build an infrastructure platform which will support the anticipated growth in future years," says Chief Executive Stuart Simms.
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Inspirit Energy Holdings PLC - developer of combined heat and power boilers - Raises GBP500,000 via placing of 1.00 billion shares at 0.05 pence per share. "The funds raised will allow the company to progress with the various projects in development, including the Volvo marine-waste heat recovery application announced in November 2020, as well as providing working capital for the company's continuing development," says Inspirit Energy.
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Pembridge Resources PLC - London-based mining company - Announces plan to issue convertible loan notes worth up to USD2 million. Says the proceeds will be used to fund potential future investment opportunities. "Funding from these convertible loan notes will enable Pembridge to take advantage of opportunities that we anticipate to become available to Pembridge in the near term. I am pleased with the initial interest expressed by potential investors, which shows the support and belief in the intrinsic value of Pembridge," says CEO Gati Al-Jebouri.
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Yu Group PLC - supplier of gas, electricity and water to the UK business market - Says average monthly booking for four months to end April are GBP7.2 million, up 26% from the year before. "I am pleased to report a strong start to the year, with group performance delivering in line with expectations. Positive momentum continues as we see improved booked revenue in the first four months of 2021 compared to the same period last year," says CEO Bobby Kalar.
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Ascent Resources PLC - onshore Caribbean, Hispanic American and European focused energy and natural resources company - Says it is pursuing international arbitration proceedings against Slovenia and has hired specialist arbitration and litigation legal firm Enyo Law LLP to aid in the proceedings. Says Enyo will only be paid out of the proceeds of the arbitration. The claim against the Slovenia is over unfair treatment at Ascent's Petisovci gas field. In May 2020, Ascent said it believed the company was forced to conduct an unnecessary environmental impact assessment in order to conduct well stimulation work at the project.
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By Greg Roxburgh; gregroxburgh@alliancenews.com
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