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Share Price: 12.75
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TRADING UPDATES: Miton Global to become MIGO; Guild makes new signings

Fri, 15th Oct 2021 18:12

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

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Miton Global Opportunities PLC - investment trust - Says to change name to MIGO Opportunities Trust PLC. Name change will be effective once Registrar of Companies issues a replacement certificate of incorporation. "It is likely, however, that the registration of the change of the company's legal name may take a number of weeks to process due to current delays in processing times at Companies House," company says. Company says it has become increasingly known as "Migo", so name will make it easier for potential investors to identify company.

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Guild Esports PLC - London-based esports company - Creates sixth professional team, this time for the Apex Legends hero shooter game. "The team is ranked within the top ten in Europe," Guild Esports says. Three players have signed up to one-year deals with option to renew for another year. Company adds: "They will kick off their career under the Guild banner by competing in the newly established Apex Legends Global Series, which will start on 16 October 2021 and has a prize pool of USD5 million. The team will benefit from Guild's proven world-class coaching and development."

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Zegona Communications PLC - London-based company focussed on communications and entertainment opportunities - Seals tender offer, with shareholders receiving payments of GBP329.3 million. Says management team subscribes for 1.7 million shares for GBP2.5 million in total. Board and management now has just over 29% stake in Zegona.

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Impact Healthcare REIT PLC - real estate investment trust focused on healthcare properties - Says September 30 net asset per share rises 1.0% quarter-on-quarter 111.82 pence from 110.66p. Quarterly dividend of 1.6025p declared, in line with 6.41p annual target, which would represent 1.9% hike for 6.29p. Portfolio value rises to GBP447.7 million from GBP432.4 million. "This represents a 1.4% increase in value on a like for like basis in the quarter and a total increase of 3.5% over that period including an acquisition and a disposal," Impact says.

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Sensyne Health PLC - Oxford-based healthcare technology company - Signs deal with OMNY Health, a real world data network in US. Sensyne allowed access to more than 22 million de-identified patient records at OMNY, across all therapeutic areas, "in support of Sensyne's data analytics work for life science companies". "In addition, Sensyne and OMNY have agreed to work together on commercial projects for life science clients to advance and accelerate ethical medical research. By bringing biopharma clients a joint offering with OMNY real-world data and Sensyne machine learning expertise, both companies-and their health system partners-will have more opportunities to support important life sciences research," Sensyne says.

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Zephyr Energy PLC - oil and gas explorer in the Rocky Mountain region of the US - Says all equipment and material needed for hydraulic stimulation at Paradox Basin, Utah have been mobilised at State 16-2LN-CC well pad. Completion of operations expected on Monday. "It is anticipated that completion of the well will be finished in under a week, at which point the Company will commence production testing. The Company will provide an update on initial production volumes as soon as possible thereafter, once the well has cleaned up and testing is completed," Zephyr says.

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Power Metal Resources PLC - exploration company seeking metal discoveries in the US, Australia and Africa - Says analysis of satellite imagery at Garfield asset in Nevada, US, identifies "two strong anomalies, prospective for copper mineralisation". "The new anomalies are located over 1km and 1.5km away from the main Garfield showings, expanding the potential copper mineralisation footprint significantly," company adds. "Additional claims have now been staked to cover the identified anomalies, increasing the claims held at the property from three to eleven claims."

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Aminex PLC - Tanzania focused gas project developer - Reaches deal with Tanzania Petroleum Development Corp for payment of outstanding cash owed for past gas sales made to TPDC. Company to receive a net cash boost of USD1.9 million. "The TPDC is required to make a payment of USD4.37 million to the company within 30 days of execution of the settlement agreement. After distribution of JV partner shares of the gas sales and remittance of indirect taxes and export duties the company will retain approximately USD1.85 million," Aminex adds. Scirocco Energy PLC, a joint-venture partner, notes announcement.

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Orosur Mining Inc - South American gold exploration and development company - Pretax loss in first quarter ended August 31 widens to USD1.5 million from USD1.1 million. "During the period, the Company continued its focus on developing the potential at Anza and continuing the orderly closure of its historical operations in Uruguay in accordance with the court approved creditors agreement," Orosur says. In addition, company receives approval to transfer to TSX Venture Exchange from TSX. Both are in Toronto. "The company believes that the transfer will provide it with operational efficiencies, with lower costs and with a reporting regime which is closer to that of the AIM market, whilst allowing shareholders to have continued trading liquidity in Canada," Orosur adds.

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Alpha Real Trust Ltd - Guernsey-based property finance investor - Extends management agreement with investment manager Alpha Real Capital LLP for term of five years, expiring in December 2027. "The company believes this will provide the Company's shareholders with greater certainty going forward on the continued access to the management resources, and broader group support, of the investment manager which will assist the company to continue to achieve its investment objectives," Alpha Real Trust says. Says to continue to pay 2% of net asset value in management fees.

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GYG PLC - Spanish superyacht company - Says the deadline for either a takeover offer or no offer announcement from Harwood Capital LLP has been extended once again to November 12. GYG's second largest shareholder was in the preliminary stages of evaluating a possible offer for GYG since April 9. The deadline has subsequently been extended six times and, on the most recent occasion, to October 15.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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UK shareholder meetings calendar - next 7 days

Wednesday 20 March 
abrdn Property Income Trust LtdGM re merger with Custodian Property Income REIT PLC
BSF Enterprise PLCAGM
CEPS PLCGM re capital reduction
MTI Wireless Edge LtdAGM & EGM re appointing Hani Lerman as external director
Thursday 21 March 
Athelney Trust PLCAGM
LungLife AI IncSpecial meeting re placing and subscription
Pressure Technologies PLCAGM
Friday 22 March 
Kitwave Group PLCAGM
Triple Point Energy Transition PLCGM re managed wind-down
URU Metals LtdAGM
Monday 25 March 
Digital 9 Infrastructure PLCGM re managed wind-down
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Tuesday 26 March 
Becket Invest PLCAGM
Power Metal Resources PLCAGM
Power Metal Resources PLCGM re share consolidation
Riverstone Energy LtdEGM re proposed tender offer
Titon Holdings PLCAGM
Tribe Technology PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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TRADING UPDATES: Redrock acquires remainder of Australian subsidiary

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