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UK TRADING UPDATE SUMMARY: Venture Life Sees Order Boost For Sanitiser

Tue, 09th Jun 2020 13:25

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

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Venture Life Group PLC - Berkshire-based self care products maker - Says order book "significantly ahead" of year prior. Reports solid demand for hand sanitiser gel product. Extends relationship with Alliance Pharma, becoming second manufacturer of Wiltshire-based pharmaceutical firm's Kelo-Cote scar gel products.

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Better Capital PCC Ltd - Guernsey-based investment company - To take write-down on valuation of investment in Everest, a British windows and home improvement firm. Better Capital's Fund II has invested GBP3.2 million into creation of Everest 2020, which bought assets of Everest Ltd, including its order pipeline. Pre-packaged administration deal rescued over 400 jobs at Everest and ensures existing orders can be completed.

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Plaza Centers NV - Netherlands-based property firm - Says buyer of company's stake in a shopping and entertainment centre in Belgrade will pay firm EUR830,000 to settle purchase. Plaza Centers to increase amount paid to bondholders to EUR500,000 from EUR250,000 at next payment date on July 1.

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Altyn PLC - gold miner in Kazakhstan - Says "positive momentum" continuing in second quarter with annualised monthly production run rate of 600,000 tonnes per year achieved in April and May. Altyn adds this represents 60% growth quarter-on-quarter. Altyn explains gold recovery grades also improved and beating budgeted targets. Seeing pick up in interest among investors, so far raised USD3.2 million out of USD10 million maximum in Astana Stock Exchange bond issue.

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Ormonde Mining PLC - Spain-focused natural resources - Cost-effective work programme at existing Spanish gold assets being advanced. Continuing to assess prospective projects, with 100 reviewed to date and a handful shortlisted "for further active consideration".

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Chaarat Gold Holdings Ltd - Gold miner in Armenia and Kyrgyz Republic - Targets 300,000 ounces per year production from 2026 at Kyzyltash deposit, Kyrgyz Republic. Lays out plans to get there, beginning with updated feasibility study in 2022, project financing in 2023 before construction follows in 2024 and 2025.

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Rockfire Resources PLC - Australia-focused gold and copper explorer - Reports results of 3D magnetic imagery at Plateau gold deposit in Lighthouse tenements, Australia. Probe confirms gold target beyond a depth of 600 metres. Field crew now in place to prepare for start of drilling.

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Star Phoenix Group Ltd - oilfield services firm in Trinidad - Yet to receive outstanding USD1.5 million payment from LandOcean Energy Services Co Ltd over sale of Range Resources Trinidad Ltd. Agreed deadline for payment was Monday and Star Phoenix has made "numerous attempts" to secure cash. Company now working with legal advisers.

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Destiny Pharma PLC - Brighton-based biotechnology firm - Awarded grant for research with Cardiff University to assess whether its DPD‑207, XF-70 and XF-73 drug compounds can treat fungal infections. Financial terms of partnership not disclosed.

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PureTech Health PLC - biotherapeutics firm based in Massachusetts - Reports "positive" data from founding company Vedanta Biosciences Inc's two Phase 1 studies of VE202 candidate for inflammatory bowel disease. Study shows VE202 was "safe and well-tolerated at all doses".

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Hutchison China Meditech Ltd - Hong Kong-based biopharmaceutical firm - Enters into agreement with Guangzhou government for planned return of Hutchison's remaining 34 years land-use rights of about 30,000 square meters of unused site. Hutchison will secure USD95 million for the return of the site.

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iEnergizer Ltd - Guernsey-based IT services firm - Reports strong performance in six months to March 31, its year end date. Says focus remained on high margin work and revenue set to be in line with market expectations but earnings before interest, taxes, depreciation and amortisation beating forecasts. Reaffirms commitment for progressive dividend policy.

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Redcentric PLC - London-based IT services provider - Extends loan facilities until June 30, 2022. Extended loan is a GBP17.5 million revolving credit facility provided by Barclays Bank PLC and National Westminster Bank PLC.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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28 May 2019 11:30

Plaza Centers Receives EUR375,000 For Bangalore Project

LONDON (Alliance News) - Plaza Centers NV on Tuesday said the purchaser of a special purpose vehicle, which holds a site in Bangalore India, has paid EUR375,000 out of the EUR2.3 million to be in

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23 May 2019 18:36

Plaza Centers Agrees To Sale Of Land In Poland For EUR1.1 Million

LONDON (Alliance News) - Plaza Centers NV said Thursday it has signed an agreement to sell its remaining holdings in a plot of land in Lodz, Poland to an unnamed local developer for EUR1.1 sale is

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10 Apr 2019 15:06

Plaza Centers Unit Extends Disposal Completion Date, Increases Price

LONDON (Alliance News) - Plaza Centers NV on Wednesday said its unit agreed to extend the closing date for the sale of a vehicle which holds a site in Bangalore, India, to November from closing be

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2 Apr 2019 17:52

Plaza Centers Sells Portion Of Land Plot In Poland For EUR1.2 Million

LONDON (Alliance News) - Plaza Centers NV said Tuesday it has signed a definitive plot agreement for the sale of 22% of its plot in Lodz, Poland for EUR1.2 million.The sale to a retail is

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1 Apr 2019 18:15

Plaza Centers Romania Sale Delayed, Receives Additional EUR280,000

LONDON (Alliance News) - Plaza Centers NV said Monday the sale of its plot of land in Miercurea Ciuc, Romania has been delayed by three months.As part of the delay, Plaza Centers will an of

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21 Mar 2019 11:12

Plaza Centers Loss Widens As Revenue Drops On Lower Property Sales

LONDON (Alliance News) - Plaza Centers NV said on Thursday it saw a widened loss for 2018 as revenue sharply fell on much lower proceeds from the sale of its properties.The real estate a of

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20 Mar 2019 17:22

Plaza Centers Secures Further EUR630,000 After Sale Of SPV

LONDON (Alliance News) - Plaza Centers NV said on Wednesday that following the sale of a special purpose vehicle on March 7, the buyer has paid an additional EUR630,000 this week.The SPV, a

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7 Mar 2019 16:59

Plaza Centers Secures Further Payment After Indian Project Sale

LONDON (Alliance News) - Plaza Centers NV on Thursday said it has received EUR520,000 from the sale of a vehicle which holds a site in Bangalore, India.Elbit Plaza India Real Estate Ltd, a

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11 Feb 2019 13:57

Plaza Centers Unit Terminates Sale Of Chennai Land Plot

LONDON (Alliance News) - Plaza Centers NV said Monday that unit Elbit Plaza India Real Estate Holdings Ltd has terminated the sale of a 74.7 acre plot located in Chennai, India, due to failure of

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11 Feb 2019 10:40

WINNERS & LOSERS SUMMARY: Smith & Nephew Slips On NuVasive Deal Report

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - up 4.5%. The Anglo-German travel operator of

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11 Feb 2019 08:57

Plaza Centers To Sell 75% Of Casa Radio Project For EUR60 Million

LONDON (Alliance News) - Shares in Plaza Centers NV rose on Monday after it signed a non-binding letter of intent with AFI Europe NV for the sale of its 75% holding in the Casa Radio project in in

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5 Feb 2019 18:21

Plaza Centers Sells Brasov, Romania Plot For EUR620,000

LONDON (Alliance News) - Plaza Centers NV on Tuesday said it has signed a pre-agreement for the sale of a plot of land in Brasov, Romania for EUR620,000.Shares in Plaza Centers closed down

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4 Feb 2019 13:47

Plaza Centers Secures EUR4.6 Million After Indian Project Sale

LONDON (Alliance News) - Plaza Centers NV on Monday said it gained EUR4.6 million from its subsidiary's sale to a local investor of a stake in the vehicle which holds a site in Bangalore, Real

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14 Jan 2019 14:13

Plaza Centers Grants Extension To Chennai India Potential Plot Buyer

LONDON (Alliance News) - Plaza Centers NV on Monday said it granted an extension to the potential buyer of its 74.7 acre plot in Chennai, India, to complete the transaction by company said that a

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7 Jan 2019 16:19

Plaza Centers Chennai Land Sale Has Not Occurred, Negotiation Ongoing

LONDON (Alliance News) - Real estate investor Plaza Centers NV said Monday that the sale of its 74.7 acre plot of land in the Indian city of Chennai had not taken place as expected and are Centers

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