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Pin to quick picksM&C Saatchi Share News (SAA)

Share Price Information for M&C Saatchi (SAA)

London Stock Exchange
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Share Price: 203.00
Bid: 201.00
Ask: 203.00
Change: 2.00 (1.00%)
Spread: 2.00 (0.995%)
Open: 205.00
High: 205.00
Low: 196.00
Prev. Close: 201.00
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TRADING UPDATES: Anglo Asian to restart Gedabek operations on approval

Tue, 26th Sep 2023 21:47

(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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Anglo Asian Mining PLC - Copper, gold and silver producer focused on Azerbaijan - Says the final Micon report was delivered on Tuesday to the company and the Government of Azerbaijan. Following the receipt of the report, the Prime Minister of Azerbaijan issued a press release saying that based on the report, the Gedabek plant can gradually restart operations. The restart of operations will take place in accordance with a timetable to be agreed with the Government. Anglo Asian and the government will also work together to implement Micon's recommendations for the Gedabek operation contained in the report.

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BSF Enterprise PLC - London-based biotechnology investor - Confirms allotment of 364,739 ordinary shares, constituting the 264,739 second tranche shares and the 100,000 financial PR shares, conditional to trading on the London Stock Exchange's Main Market at an issue price of 17 pence per share. Expects that admission will become effective on Wednesday.

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Power Metal Resources PLC - Metals exploration company focused on North America, Africa, and Australia - Hails escalation of high priority uranium target, based on a remote sensing study at its Badger Lake uranium project located in the Athabasca Basin, Saskatchewan, Canada. Says analysis finds distinct similarities between Badger Lake and the Arrow Deposit, owned and operated by Nexgen Energy Ltd. Plans to expedite the planned high-resolution electromagnetic UAV survey over Badger Lake, and reemphasises that the target at Badger Lake is an "extremely attractive exploration target". Chief Executive Officer Sean Wade says: "These findings could not come at a better time for shareholders and serve to highlight the huge potential value inherent in our uranium portfolio and in the Power Metal business model more generally."

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Ediston Property Investment Co PLC - London-based real estate investment trust focused on UK commercial property - Says shareholders have approved the sale of EPIC Group's property portfolio to RI UK 1 Ltd, a wholly owned subsidiary of Realty Income, for GBP200.8 million. This is prior to agreed deductions of approximately GBP4.0 million.

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Amte Power PLC - London-based lithium-ion and sodium-ion battery cells developer and manufacturer - Says shares were restored to trading on Tuesday in London at 1330 BST. Follows announcement on Monday that Amte would make an announcement regarding the launch of a retail offer following the lifting of the suspension of trading.

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Grafenia PLC - Manchester-based printing and software company - Says it will formally change its name to Software Circle PLC "in the coming days", as the relevant paperwork has been filed with Companies House. Adds that a further announcement will be made when the name change is formally effective. Upon the change of name becoming effective, the company's TIDM will change from "GRA" to "SFT". The ISIN and SEDOL numbers will remain unchanged.

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Croda International PLC - Yorkshire, England-based chemicals firm - Says Nicholas Ian Challoner, a member of the executive committee, sells 6,339 shares in the company at GBP49.16 each, coming to a total of GBP311,617 in shares.

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BioPharma Credit PLC - Specialist life sciences debt investment trust - Notes filing by LumiraDx Ltd, which discloses an amendment to the loan agreement entered into with BioPharma Credit PLC, BPCR Ltd Partnership, and BioPharma Credit Investments V LP. On September 25, LumiraDx entered into a twelfth amendment and waiver to the loan agreement of March 31. This amendment made several stipulations, including that the minimum liquidity covenant in the agreement is waived until October 11, provided that the consolidated liquidity of the company and its subsidiaries during this waiver period must be at least USD5 million, that the minimum net sales covenant for the trailing twelve-month period ended June 30 is waived. BioPharma Credit expects that the USD3.0 million Tranche D loan amount will be funded on Wednesday.

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ActiveOps PLC - Reading, England-based management process automation software provider for back-office operations - Launches ControliQ Series 3, a new version of its management process automation product. Says that ControliQ Series 3 has additional artifical intelligence features. Following the official launch in August, customers across multiple geographies and sectors are already using the new capabilities. ActiveOps intends to launch the ControliQ Series 4 in 2024.

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By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
17 Jun 2022 08:40

TOP NEWS: M&C Saatchi board removes support for Next Fifteen takeover

(Alliance News) - M&C Saatchi PLC on Friday said its directors have withdrawn support for the takeover offer by Next Fifteen Communications Group PLC, while still not supporting a rival offer by AdvancedAdvT Ltd.

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17 Jun 2022 08:23

LONDON BRIEFING: M&C Saatchi caught between two unattractive offers

(Alliance News) - The battle over M&C Saatchi took a strange new twist on Friday, as the London-based advertising agency rejected both of its suitors but also said it may not be able to deliver on its own plans as a standalone company.

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17 Jun 2022 07:54

LONDON MARKET PRE-OPEN: Tesco takes market share as inflation soars

(Alliance News) - Stocks in London are set to rebound at the end of a central bank-intense week which has seen sentiment towards risk assets pummelled as interest rates rise globally - except in Japan.

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17 Jun 2022 07:42

M&C Saatchi withdraws support for Next 15 offer

(Sharecast News) - M&C Saatchi said on Friday that it can no longer recommend a £310m takeover bid by Next Fifteen after shares in the latter materially deteriorated.

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14 Jun 2022 16:55

UPDATE: M&C Saatchi continues to reject AdvancedAdvT takeover offer

(Alliance News) - M&C Saatchi PLC on Tuesday noted AdvancedAdvT Ltd earlier Tuesday publishing its final offer for the London-based advertising agency, and continued to recommend that shareholders reject the offer.

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14 Jun 2022 14:49

AdvancedAdvT posts final M&C Saatchi takeover paper, touts superiority

(Alliance News) - AdvancedAdvT Ltd on Tuesday said it posted its final offer document, comparing its offer to buy London-based advertising agency M&C Saatchi PLC to Next Fifteen Communications Group PLC's offer.

Read more
9 Jun 2022 12:42

Next Fifteen insists offer for M&C Saatchi is final

(Sharecast News) - Next Fifteen Communications Group has insisted its agreed offer for M&C Saatchi is final, after a rival suitor questioned the valuation.

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9 Jun 2022 12:34

Next Fifteen says M&C offer is final amid AdvancedAdvT takeover battle

(Alliance News) - Next Fifteen Communications Group PLC on Thursday said its agreed M&C Saatchi PLC takeover offer is "full and fair", after undervaluation claims.

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6 Jun 2022 13:34

M&C Saatchi removes Vin Murria from board after agreeing takeover by Next Fifteen

LONDON, June 6 (Reuters) - British advertising company M&C Saatchi, which last month agreed to be taken over by consultancy Next Fifteen Communications, has removed Vin Murria, its biggest shareholder, from its board, it said on Monday.

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6 Jun 2022 13:02

AdvancedAdvT says its offer now values M&C higher than Next Fifteen's

(Alliance News) - AdvancedAdvT Ltd on Monday said its offer to buy M&C Saatchi PLC values the London-based advertising agency higher than Next Fifteen Communications Group PLC's deal.

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6 Jun 2022 11:47

M&C Saatchi removes Vin Murria from board

(Sharecast News) - UK ad agency M&C Saatchi on Monday removed Vin Murria, its largest shareholder, from its board, the company said, after rebuffing his bid to take over the company.

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6 Jun 2022 11:42

Next Fifteen buys Green Leads and IT Telemarketing Services

(Alliance News) - Next Fifteen Communications Group PLC on Monday said it has bought Green Leads Holdings LLC and IT Telemarketing Services Ltd to strengthen its largest businesses in its Customer Delivery unit.

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6 Jun 2022 10:47

M&C Saatchi removes Vin Murria, who wants to buy company, from board

(Alliance News) - M&C Saatchi PLC on Monday said it has removed Vin Murria from its board as non-executive director with immediate effect.

Read more
6 Jun 2022 10:24

M&C Saatchi removes Vin Murria from board after agreeing takeover by Next Fifteen

LONDON, June 6 (Reuters) - British advertising group M&C Saatchi, which last month agreed a takeover by consultancy Next Fifteen Communications, has removed Vin Murria, its biggest shareholder, from its board, it said on Monday.

Read more
6 Jun 2022 07:46

LONDON MARKET PRE-OPEN: Melrose sells Ergotron for USD650 million

(Alliance News) - Stock prices in London are seen opening higher on Monday, following the long holiday weekend in the UK, tracking gains in Asian equity markets as Beijing further relaxed pandemic restrictions.

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