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(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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Honye Financial Services Ltd - Cayman Islands-based company seeking acquisitions in financial services and financial technology - Reports pretax loss for year ended July 31 widens to GBP813,088 from GBP427,385 last year. Generates no revenue. Attributes loss to the day-to-day administrative expenses and due diligence into prospective targets.
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Highway Capital PLC - cash shell - For the six months to the end of August, pretax loss narrows to GBP136,000 from GBP148,000 the year before. No dividend has been declared.
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Cellular Goods PLC - UK-based provider of premium consumer products based on lab-made cannabinoids - Launches inaugural product ranges and e-commerce platform. The range comprises the UK's first premium cannabigerol skincare offering including a serum, a face-oil and an after-shaving moisturiser. The second range is a clinically validated CBD ingestibles range.
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Dispersion Holdings PLC - Announces launch of AQRU, a platform which enables access to the competitive crypto yields available in DeFi to retail investors. The platform, which is also open to institutional investors, offers the trading of major cryptocurrencies Bitcoin and Ether as well as three stablecoins: USDT, USDC and DAI.
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Glanbia PLC - Kilkenny, Ireland-based food and nutrition group - Notes that Glanbia Co-operative Society Ltd now has funds to buy the 40% stake held by Glanbia PLC, in their joint venture Glanbia Ireland DAC.
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Beowulf Mining PLC - developing Kallak iron ore project and the Aitolampi natural flake graphite project - Notes recent increase in share price following positive comments from new Swedish prime minister about need for more mines in the country and by new minister of enterprise & innovation about "taking action" in the matter of Beowulf's Kallak mine. Beowulf will be writing to the minister to seek clarification on Kallak assessment process.
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Playtech PLC - Douglas, Isle of Man-based, gambling software provider - Suitor Aristocrat Leisure Ltd says it welcomes the announcement by Playtech that the resolution to approve the disposal of its financial trading division, Finalto, to Gopher Investments has been passed by the Playtech shareholders. Says Aristocrat and Playtech are continuing to work together to complete the recommended acquisition. The process of submitting filings and seeking all required anti-trust, foreign investment, financial regulatory and gaming approvals is on track and is progressing well. Aristocrat says it continues to expect to complete the acquisition as planned in the second quarter of 2022.
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Schroder UK Public Private Trust PLC - formerly Woodford Patient Capital Trust, invests in both listed and private UK companies - Says it has reached an agreement for the sale of its holding in crowdfunding platform Seedrs Ltd to a "global institutional investment management firm", for GBP12 million in cash. The fee is payable on completion, which is subject to consent of the UK Financial Conduct Authority. The asset sale is expected to complete in early 2022. Seedrs has been acquired by start-up investing platform Republic in a USD100 million deal.
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River & Mercantile Group PLC - London-based asset manager - Says it rejects Disruptive Capital Acquisition Company Ltd's proposal for acquisition of solutions business. River & Mercantile continues to recommend all cash offer from Schroders PLC.
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Minoan Group PLC - developer of a holiday resort in Greece - Says that the Greek Parliament has approved a new development law regarding strategic investments such as the company's Itanos Gaia hotel and resort development in Crete. In addition, company announces that for a fee of GBP150,000, a six month extension of the loan to April 30, 2022 has been agreed.
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Canadian Overseas Petroleum Ltd - Exploration and development company with operations in Converse County, Wyoming and sub-Saharan Africa - Intends to conduct an accelerated bookbuild to raise net proceeds of around USD7.5 million by way of a placing and subscription. Bookbuild will open with immediate effect. The net proceeds of the placing are intended to be used for a bid for Cuda Energy LLC.
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Edenville Energy PLC - developer of Tanzania's Brownfield Rukwa coalfields - Says that in November it mined 4,026 tonnes of run of mine coal versus 2,240 tonnes in October, representing an 80% increase. Explains that November's production would have been higher had it not been for extended mechanical issues with the main excavator, which was unable to be used for mining for 15 days whilst initial repairs were made and it was subsequently used for the installation of culverts, and the clearing of drainage channels, to prepare the site for the wet season. These operations have been completed and the excavator has recommenced full mining operations, it adds.
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Oxford Cannabinoid Technologies Holdings PLC - London-based pharmaceutical company developing prescription cannabinoid medicines - Says application for shares to be traded on the OTC QB Market, the mid-tier OTC Equity Market in the the US has been approved. Trading shares commences at the market open Wednesday under the ticker symbol "OCTHF".
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Orcadian Energy PLC - North Sea focused oil and gas development company - Says it has received a "letter of no objection" from the UK Oil & Gas Authority pertaining to the development concept for the Pilot field. Says letter signals the finalisation of the "assessment phase" and the entry into the "authorisation phase" of development planning for the pilot field.
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Recycling Technologies Group PLC - UK-based engineering company developing technology to recycle mixed plastic waste - Outlines plans for initial public offering on AIM in mid-December. Provides no financial details.
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ADM Energy PLC - London-based natural resources investing company - Notes that Panoro Energy ASA and PetroNor E&P Ltd have agreed to further extend the long-stop date for Panoro to sell its interest in offshore oil concession block OML 113 to PetroNor. ADM Energy holds a 9.2% stake in the Aje field in OML 113.
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PureTech Health PLC - clinical-stage biotherapeutics company - Notes its founded entity Gelesis Inc gets US Food & Drug Administration clearance for weight management drug Plenity.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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