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Pin to quick picksReabold Resources Share News (RBD)

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UK TRADING UPDATE SUMMARY: Henry Boot Unit In Voluntary Liquidation

Mon, 14th Sep 2020 17:21

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

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Henry Boot PLC - property investment and development company - Places struggling unit Starfish Commercial Ltd into voluntary liquidation. To book GBP200,000 in impairment costs as a result.

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Frontier IP Group PLC - London-based specialist in commercialising intellectual property - Portfolio firm Fieldwork Robotics awarded GBP84,000 grant from Innovate UK to boost robot technology in agriculture field.

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Tekcapital PLC - UK intellectual property investment company - Portfolio firm Guident acquires shock absorption technology designed for electric vehicles. Acquires exclusive license to a US patent from state of New York.

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Schroder Real Estate Investment Trust Ltd - UK-focused real estate investment trust - Completes 13 new lettings, renewals and reviews since June 30, adding GBP800,000 in rent. Rent collected for period ending September 30 now totals 82%. Notes 95% of rent collected from office portfolio, 92% in industrial and just 53% in retail and leisure.

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Residential Secure Income PLC - Investor in affordable shared ownership, retirement and local authority housing - Acquires six new build homes from Metropolitan Thames Valley Housing for GBP1.6 million in total.

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Supermarket Income REIT PLC - grocery property-focused real estate investment trust - Acquires Tesco PLC supermarket from CBRE Global Investors for GBP39.5 million.

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Duke Royalty Ltd - London-based royalty finance provider - Exits GBP2.0 million investment in Xtremepush Ltd, a Dublin-based business-to-business technology platform. Represents Duke first exit.

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Reabold Resources PLC - oil and gas project investor - Updates on IMIC-1 well, Romania. Liquids lifted from well and recovered substances include "sludge-like material". Gas flow observed after 12 hours was combination of methane and nitrogen. Well has now been shut in. Reabold holds interest in well operator ADX Energy Ltd via its 51% stake in Danube Petroleum Ltd.

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Power Metal Resources PLC - metals exploration and development company - Exercises option to earn-in to Silver Peak project, Canada. Has option to earn-in a 30% stake.

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Central Asia Metals PLC- metals explorer and developer - Reports short-term leakage of tailing from Sasa facility in North Macedonia. Says no one was harmed by leak but site is now not operational. Investigation into cause of the leak has kicked off.

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Oilex Ltd - Aberdeen-based oil and gas explorer - Amends sale and purchase agreement with Armour Energy Ltd over disposal of Cooper-Eromanga basin. Extends completion date to October 15 from September 15.

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ECR Minerals PLC - Australia-focused gold exploration and development company - Notes field mapping underway at targets at Bailieston project area in Victoria, Australia. Acquires diamond drill rig which can drill as deep as 1,300 metres. Identifies "high priority gold prospects".

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Salt Lake Potash Ltd - Australia-focused miner - Says Lake Way Project at Wiluna in Western Australia now 60% complete and on track for output in March quarter of 2021.

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IronRidge Resources Ltd - African focussed minerals exploration company - Enters into agreement with Australasian Gold Ltd for sale of non-core May Queen gold project asset in Australia. IronRidge to receive 4.5 million Australasian Gold shares, a 35% stake. IronRidge to invest AUD100,000 to provide Australasian Gold with working capital.

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Jangada Mines PLC - London-based minerals explorer - Preliminary economic assessment commissioned at Pitombeiras vanadium project, Brazil.

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Advance Energy PLC - upstream oil & gas company - Subsidiary Resolute Oil & Gas UK Ltd and 25%-owned investee Holywell Resources Ltd awarded, subject to documentation, a 50% interest in lock 43/25 and part-blocks 43/29, 43/30, 48/4 and 48/5 in the Oil & Gas Authority's 32nd offshore licensing round.

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Castillo Copper Ltd - Australia and Zambia focused base metal explorer - Finds new gold mineralisation at Big One deposit at Mt Oxide project, Australia. Will soon kick off drilling at Mt Oxide.

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Pensana Rare Earths PLC - operator of rare earths project in Angola - Reports "substantial" increase in mineral resource estimate at Longonjo project in Angola. Asset contains more than 2.3 times the previous estimate of measures and indicated resources.

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Mosman Oil & Gas Ltd - oil explorer - Completes drilling at Stanley-4 well in East Texas. Drilled completed to target depth of roughly 5,000 feet.

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Bluebird Merchant Ventures Ltd - Korean-focused gold development firm - Joint-venture partner Southern Gold does not accept an offer from Bluebird to acquire its 50% stake in Gubong and Kochang projects. Under terms of JV, an independent expert will determine a value which Bluebird must pay. Bluebird says it is "confident" it can acquire Southern Gold's interest "on attractive terms".

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SolGold PLC - Australian gold miner - Completes USD100 million royalty financing with Franco Nevada Corp in relation to Alpala copper and gold project, Ecuador. SolGold to use cash to progress project.

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Boku Inc - US-based mobile payments solution provider - Launches KakaoPay in Republic of Korea, allowing customers to make digital purchases on video game stores.

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MTI Wireless Edge Ltd - antenna manufacturer based in Israel - Secures new agreement worth USD500,000 for deployment of 5G backhaul solutions.

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Seeing Machines Ltd - computer vision technology company headquartered in London - To launch driver monitoring system for automotive industry. Kit is expected to be available to tier 1 automotive companies by end of 2020.

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Panoply Holdings PLC - IT service management company - Strong trading continued and has secured GBP10 million worth of new contract wins in first two months of second quarter. Expects annual earnings in line with expectations.

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Syncona Ltd - healthcare company with headquarters in London - Forms subsidiary named Resolution Therapeutics, a cell therapy company investigating liver disease treatment. Also co-led Series A financing for T-cell receptor firm Neogene Therapeutics. Makes USD19.0 million commitment.

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RTW Venture Fund Ltd - life sciences-focused investment firm - Leads USD50 million Series B financing in NiKang Therapeutics Inc. NiKang is ninth investment following RTW's October 2019 IPO.

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Vectura Group PLC - London-based drug delivery products - Partners with Monash University to develop an inhaled oxytocin aimed at preventing postpartum haemorrhage, vaginal bleeding, in childbirth. Vectura says to receive undisclosed revenue on a fee-for-service basis.

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Aeorema Communications PLC - London-based live events agency - To open New York events office, boosting global workforce to 24. Completes development of KIT virtual events platform.

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Brighton Pier Group PLC - Operator of Brighton Pier - Trading between July 4 and September 6 better than board expectations, with total revenue at 77% of year prior. Initially planned October for reopening of late night venues but virus uncertainty means it is yet to commit to a date.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
27 Feb 2024 10:20

Reabold "well positioned" after selling Victory project to Shell

(Alliance News) - Reabold Resources PLC on Tuesday announced the GBP32 million sale of the Victory gas project to Shell UK Ltd.

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19 Jan 2024 11:05

Scirocco celebrates final payment from Shell for Corallian sale

(Alliance News) - Scirocco Energy PLC on Friday said it was "pleased" to hear Reabold Resources PLC will receive a final payment from Shell UK Ltd, adding that it expects an injection of cash to its balance sheet as a result.

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18 Jan 2024 13:49

IN BRIEF: Reabold to get final payment from Shell in coming days

Reabold Resources PLC- London-based investor in "low-risk, near-term" oil and gas projects says the final tranche of payment from Shell UK Ltd in relation to the sale of Corallian Energy Ltd will be distributed to former Corallian shareholders over the coming days. This follows the grant of development approval for the Victory gas field. Reabold will receive GBP4.4 million from Shell, having already received GBP8.3 million. It will use proceeds to advance development of assets within its portfolio, and will distribute excess cash to shareholders. "This represents a significant moment in the delivery of the Reabold strategy to identify, fund and monetise underappreciated, but strategically important assets," says Co-Chief Executive Officer Stephen Williams.

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10 Jan 2024 12:51

Reabold shares up as shareholders reject proposed board changes

(Alliance News) - Reabold Resources PLC on Wednesday said that shareholders had rejected all proposals to remove its existing board at a requisitioned general meeting.

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4 Jan 2024 21:10

IN BRIEF: Reabold reiterates share suspension warning if board ousted

Reabold Resources PLC - invests in "low-risk, near-term" oil and gas projects - Says that nominated adviser Strand Hanson Ltd has not received sufficient information regarding the suitability of proposed directors for their potential roles as directors. Reabold reiterates that if resolutions pass at the upcoming requisitioned general meeting, scheduled for next week Wednesday, Strand Hanson would be required to resign from its role as Reabold's nominated adviser immediately. This would mean the cancellation of Reabold's shares on the AIM market, which could be cancelled one month later if Reabold does not find a new nominated adviser by then. The adviser has not been able to complete its required due diligence on the board directors proposed by Pershing Nominees Ltd. The 7.8% shareholder group had requisitioned the general meeting proposing to remove the entire Reabold board and name four new directors.

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3 Jan 2024 14:55

UK shareholder meetings calendar - next 7 days

Thursday 4 January 
Rotala PLCGM re management buyout
Tintra PLCGM re cancellation, re-registering as private company
ValiRx PLCGM re operational review
Friday 5 January 
MTI Wireless Edge LtdEGM re proposed grant of options to the directors
Monday 8 January 
Plus500 LtdEGM re director election
Velocys PLCCourt Meeting and GM re recommended cash acquisition by Madison Bidco Ltd
Tuesday 9 January 
Agriterra LtdAGM
DX Group PLCGM re acquisition by HIG Capital funds
GENinCode PLCGM re fundraise
Leeds Group PLCGM re sale of subsidiary Hemmers-Itex
Smart Metering Systems PLCGM re acquisition by KKR funds
Wednesday 10 January 
Hummingbird Resources PLCGM re share placement
Ironveld PLCAGM
Reabold Resources PLCGM re appointment of new directors
Safestyle UK PLCEGM re approve winding up of company
Scirocco Energy PLCGM re proposed disposal of interests in Energy Acquisitions Group Ltd
Versarien PLCGM re capital reorganisation
  
Copyright 2024 Alliance News Ltd. All Rights Reserved. 

Read more
28 Dec 2023 10:37

IN BRIEF: Reabold Resources warns of share suspension if board ousted

Reabold Resources PLC - invests in "low-risk, near-term" oil and gas projects - Strand Hanson Ltd would be forced to resign as Reabold's nominated adviser were the resolutions at the upcoming requisitioned general meeting to be passed. Reabold says Strand Hanson informed it of this, as the adviser has not been able to complete its required due diligence on the board directors proposed by Pershing Nominees Ltd. The 7.8% shareholder group requisitioned the general meeting, scheduled for January 10, proposing to remove the entire Reabold board and name four new directors. Were Reabold to be left without a nomad, its shares would be suspended from trading on AIM following the general meeting. If no replacement were to be named within a month, the shares would be cancelled from trading.

Read more
20 Dec 2023 20:00

TRADING UPDATES: K3 Business says cash balances ahead of forecast

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

Read more
20 Dec 2023 14:02

Reabold reports further progress at LNEnergy

(Sharecast News) - Reabold Resources updated the market on its subsidiary LNEnergy on Wednesday, in which it holds a 26.1% stake.

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13 Dec 2023 11:06

IN BRIEF: Reabold Resources resumes buyback as dissenters oppose board

Reabold Resources PLC - invests in "low-risk, near-term" oil and gas projects - Resumes GBP750,000 share buyback programme started in April, after receiving payment from Shell PLC for the oil major's purchase of Reabold's Victory asset. Reabold has returned GBP156,154 of the total so far, and now will complete the programme with up to a further GBP593,846 in purchases. Reabold has received from Shell GBP5.2 million out of a total GBP9.5 million in deferred net proceeds from the sale of Victory, a project offshore the UK. Reabold eventually plans to return GBP4 million of this to shareholders. "Reabold's board evaluates many investment opportunities consistent with its investing policy and believes that the current market value of the company's ordinary shares makes the buyback an appropriate use of capital," the company says on Wednesday.

Read more
11 Dec 2023 22:02

IN BRIEF: Reabold Resources invests further GBP1.7 million in LNEnergy

Reabold Resources PLC - oil and gas investing company with a diversified portfolio of exploration, appraisal and development projects - Says it has exercised an option to subscribe for 116 new shares in LNEnergy Ltd, investing GBP1.7 million in the firm. Says GBP750,000 of the investment will come from its existing resources, with the remainder satisfied by the issue of 486.5 million new shares at 0.185 pence each to LNEnergy. Says it now holds a 26.1% stake in LNEnergy. Notes that LNEnergy's Santo gas field has the potential to generate between EUR11 and EUR12 million in cash flow per year.

Read more
11 Dec 2023 14:10

Reabold exercises second option to invest in LNEnergy

(Sharecast News) - Oil and gas investor Reabold Resources has exercised its second option to acquire 116 new shares in LNEnergy, it announced on Monday, by investing £1.65m.

Read more
6 Dec 2023 10:56

Scirocco Energy to receive next payment for sale of Corallian shares

(Alliance News) - Scirocco Energy PLC on Wednesday said it will receive further payment from Shell UK Ltd for Reabold Resources PLC's sale of Corallian Energy Ltd.

Read more
5 Dec 2023 15:02

Reabold gets £5.2m second payment for Corallian sale

(Sharecast News) - Oil and gas investor Reabold Resources announced the next tranche of payment from Shell UK for the sale of Corallian Energy in November last year.

Read more
5 Dec 2023 12:19

Reabold Resources secures GBP5.2 million tranche for sale of Corallian

(Alliance News) - Reabold Resources PLC on Tuesday said that it has received the next tranche of payment from Shell UK Ltd for the sale of the Corallian Energy Ltd.

Read more

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