The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPTRO.L Share News (PTRO)

  • There is currently no data for PTRO

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: Braemar investigation to end; Marula reports delay

Fri, 22nd Sep 2023 20:37

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

----------

Allergy Therapeutics PLC - West Sussex, England-based commercial biotechnology company - Announces that all foreign direct investment clearance conditions have been satisfied relating to the equity financing it had announced in April. The financing will raise around GBP40.8 million via ZQ Capital and Southern Fox subscribing for a total of 3.39 billion subscription shares. The proceeds will be used to repay debts under Allergy's GBP40.8 million debt facility.

----------

Braemar PLC - London-based shipbroker and advisor in shipping investment - Aims to release results for financial year 2023 that ended on February 28 next month. Expects revenue to grow to at least GBP150 million from GBP101.3 million a year prior. Expects underlying operating profit of at least GBP20.0 million, up from GBP10.1 million, but for this to fall to GBP18 million in financial 2024, in line with market consensus. Further, it expects underlying operating profit in the first half of financial 2024 to be at least GBP7.0 million, about 36% lower than GBP10.9 million a year prior. Further, Braemar anticipates its total forward order book in the second half of financial 2024 to be 21% higher than a year before. Meanwhile, notes that an investigation into a 2013 transaction is nearing completion. The investigation was looking at a 2013 transaction of around USD3.0 million, and involving payments being made through to 2017.

----------

Helium Ventures PLC - special purpose acquisition vehicle - Raises GBP250,000 via issuing 6.3 million shares at 4 pence each. Issues additional 812,500 shares at 4p each relating to the placing and broking fee retainer. Funds will be used for ongoing working capital associated with its planned Trackimo acquisition. In October last year, Helium said it will buy Vestigo Technologies Ltd, which owns and distributes tracking software product, Trackimo, and its associated hard business and intellectual property. Helium Ventures adds that a decision has been reached to start trading on London's AIM market, instead of the standard segment of the London Stock Exchange, as previously planned. The main reason is to retrieve tax relief known as EIS-VCT relief.

----------

Lift Global Ventures PLC - Financial media and energy sector focused investor - Notes that investee Miriad Ltd, a public relations and investor relations company, has been appointed by diagnostics products and services provider Imperial Diagnostix Laboratories Ltd as its corporate communications agency. Imperial Diagnostix is planning an initial public offering in 2024, for which Miriad will be responsible for the distribution of all necessary documentation for potential investors. Lift Global Chief Executive Officer Zak Mir says: "We are delighted to welcome Imperial Diagnostix at such a key point in their journey towards IPO. IDL appreciate that in challenging markets, it is during the time of the fund raise when corporate communications and strategy are most important. Miriad looks forward to welcoming many other companies at similar stages in their development."

----------

Marula Mining PLC - Africa-focused mining and development company - Reports delay to shipment of initial 27.5 tonne high-grade material processed from the historic stockpiles at Blesberg lithium and tantalum mine in South Africa, destined for Huangpu in China. Confirms termination of an offtake agreement with Southern Jade Resources Pty Ltd for the first 2,000 tonnes of spodumene material produced from the stockpiles at Blesberg. Further, Marula says it proceeds to finalise new long-term agreement for the sale and purchase of spodumene and lithium products produced at Blesberg with new global trading groups in Europe.

----------

Pelatro PLC - marketing software provider - Shares will be deleted from trading on AIM next week Friday, after Pelatro in August announced plans to delist. It had cited costs, management time required, and regulatory burden of maintaining a listing. Back then it said its Bangalore-based finance function remained unaffected.

----------

Poolbeg Pharma PLC - London-based infectious disease focused biopharmaceutical company - Receives notice of allowance from Japanese Patent Office regarding its Immunomodulator I patent application. The claims deem that it is allowable to cover a p38 mitogen-activated protein kinase inhibitor for use in the treatment of severe influenza in humans. Poolbeg says the claims "strengthens the company's robust intellectual property in the territory. Grant of the application as a patent is expected upon completion of formalities." Further, Poolbeg files patent applications to expand its intellectual property around POLB001 and the use of p38 MAP kinase inhibitors in new disease areas such as oncology. POLB001 selectively inhibits overwhelming inflammation in viral infections such as influenza. CEO Jeremy Skillington says: "This milestone is a testament to the uniqueness of p38 MAPK inhibition as a potential blockbuster treatment for severe influenza. We are committed to continuing to strengthen the intellectual property protection of our portfolio of assets into new jurisdictions to increase their overall value to potential partners."

----------

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
25 Sep 2023 10:15

AIM WINNERS & LOSERS: Getech shares drop as interim loss widens

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

Read more
25 Sep 2023 09:42

Pelatro lowers 2023 revenue forecast but pipeline remains strong

(Alliance News) - Pelatro PLC on Monday lowered its full-year revenue expectations after experiencing delays.

Read more
14 Sep 2023 15:44

UK shareholder meetings calendar - next 7 days

Friday 15 September 
Blackstone Loan Financing LtdEGM re wind-down and changes to the company's share capital
Citius Resources PLCAGM
Insig AI PLCAGM
Real Estate Credit Investments LtdAGM
Trifast PLCAGM
Monday 18 September 
Baillie Gifford US Growth Trust PLCAGM
Inteliqo LtdAGM
LendInvest PLCAGM
Rosslyn Data Technologies PLCGM re fundraise
Tuesday 19 September 
Africa Opportunity Fund LtdAGM
Aston Martin Lagonda Global Holdings PLCGM re supply arrangement with Lucid Group Inc
Augmentum Fintech PLCAGM
Beacon Rise Holdings PLCAGM
Begbies Traynor Group PLCAGM
Chill Brands Group PLCAGM
DP Aircraft I LtdAGM
Great Southern Copper PLCAGM
Manolete Partners PLCAGM
Moonpig Group PLCAGM
Oxford Instruments PLCAGM
ProCook Group PLCAGM
SRT Marine Systems PLCAGM
Unicorn Mineral Resources PLCAGM
Wednesday 20 September 
Accsys Technologies PLCAGM
Frasers Group PLCAGM
Games Workshop Group PLCAGM
Hidong Estate PLCAGM
IG Group Holdings PLCAGM
Ilika PLCAGM
Nippon Active Value Fund PLCGM re assets rollover
Quiz PLCAGM
Seed Innovations LtdAGM
STS Global Income & Growth Trust PLCAGM
Thursday 21 September 
Ascent Resources PLCGM re audited annual accounts
Intercede Group PLCAGM
Kore Potash PLCGM re capital raise
Liontrust Asset Management PLCAGM
Mercia Asset Management PLCAGM
Molecular Energies PLCAGM
Oberon Investments Group PLCAGM
Odyssean Investment Trust PLCAGM
Pelatro PLCGM re AIM cancellation
Sosandar PLCAGM
Thruvision Group PLCAGM
Trakm8 Holdings PLCAGM
Van Elle Holdings PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
29 Aug 2023 17:01

LONDON MARKET CLOSE: Stocks higher on housebuilder rally, China boost

(Alliance News) - Stocks in London ended firmly in green on Tuesday, with the FTSE 100 benefiting from news of fresh stimulus measures in China and a major environmental regulation change in the UK.

Read more
29 Aug 2023 11:51

LONDON MARKET MIDDAY: FTSE outperforms peers; housebuilders rise

(Alliance News) - The FTSE 100 was outperforming its European peers at midday on Tuesday, amid news that UK consumer price inflation is decelerating and the government is scrapping some rules to boost housebuilding.

Read more
29 Aug 2023 10:23

AIM WINNERS & LOSERS: Pelatro plummets on delisting plans

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

Read more
29 Aug 2023 09:56

IN BRIEF: CFO resigns as Pelatro plans delisting of shares from AIM

Pelatro PLC - London-based provider of its 'mViva' customer engagement software for telecommunications companies - Decides to cancel shares from AIM market in London, citing costs, management time required, and regulatory burden of maintaining a listing. Will announce schedule for the cancellation, including date of general meeting for shareholders to vote on the plan, "in due course". Will put in place a matched bargain facility to help shareholders buy and sell shares after the delisting. Nic Hellyer resigns as chief financial officer. Leaves board immediately but will remain with company to help with the share cancellation and financial reports. Pelatro says Bangalore-based finance function remains unaffected.

Read more
29 Aug 2023 09:03

LONDON MARKET OPEN: FTSE 100 catches up with bank holiday rally

(Alliance News) - Stock prices in London opened higher on Tuesday, as UK markets return from a long bank holiday weekend and news that UK shop price inflation decelerated in August.

Read more
14 Aug 2023 10:17

AIM WINNERS & LOSERS: Harvest Minerals cuts annual sales forecasts

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

Read more
14 Aug 2023 09:05

Pelatro raises GBP1.1 million to support working capital

(Alliance News) - Pelatro PLC on Monday said it has raised GBP1.1 million through a subscription, amid delays in collecting receivables from customers.

Read more
18 Jul 2023 16:49

LONDON MARKET CLOSE: Stocks upbeat ahead of key UK inflation print

(Alliance News) - Stocks in London ended firmly in the green on Tuesday, with the FTSE 100 lifted by a strong performance from housebuilding stocks and a very well-received update from online grocer and warehouse technology firm Ocado.

Read more
18 Jul 2023 11:03

AIM WINNERS & LOSERS: Pelatro reports customer payment delays

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

Read more
18 Jul 2023 09:57

Pelatro shares plunge, undertakes review after customer non-payment

(Alliance News) - Pelatro PLC on Tuesday said a key customer, which owes USD550,000, will no longer meet a previously agreed payment deadline expected this month.

Read more
5 Jul 2023 11:50

Pelatro terminates takeover talks with undisclosed company

(Alliance News) - Pelatro PLC on Wednesday said it will continue evaluating potential acquisition opportunities, despite one potential purchase falling through.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.