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Pin to quick picksSimec Atlantis Share News (SAE)

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TRADING UPDATES: IAG's bond terms; Signature investors back takeover

Thu, 18th Mar 2021 20:54

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

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International Consolidated Airlines Group SA - airline firm and owner of brands such as British Airways and Iberia - Outlines bond final terms, with first tranche of EUR500 million due March 2025 at a coupon of 2.75% and the second tranche of EUR700 million due March 2029 at a coupon of 3.75%. The proceeds will be used for general corporate purposes, including strengthening IAG's balance sheet and increasing liquidity, helping the group to weather a more prolonged downturn in air travel due to the virus pandemic and providing the operational and strategic flexibility to take advantage of a recovery in demand, it said.

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Signature Aviation PLC - aviation services company headquartered in London - Says shareholders vote in favour of Brown Bidco Ltd acquiring the company. Brown Bidco is a newly formed company indirectly owned by Blackstone Infrastructure, Blackstone Core Equity, Global Infrastructure Partners and Cascade Investment LLC.

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Brandshield Systems PLC - London-based cybersecurity solutions provider - Launches image recognition technologies for the detection of impersonation, phishing fraud and counterfeits on social media platforms. "Social phishing is a fast growing online threat. Cyber criminals are using the perceived credibility and safety of social media platforms to impersonate organizations, their executives or their affiliates and to scam users through different types of phishing, fraud and counterfeit activities," says Chief Executive Yoav Keren.

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Ilika PLC - solid-state battery technology firm based in Romsey, England - Receives ISO 14001:2015 certification following an assessment of its environmental management system. "We are pleased to have been accredited with this ISO standard, which, alongside the LSE green economy classification that we received just over a year ago, serves as excellent recognition of our eco-friendly credentials," says CEO Graeme Purdy.

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Blackbird PLC - developer and seller of cloud video editing platform - Teams up with live video streaming and remote production solutions provider LiveU to speed up the production process and engage viewers with enriched live and video on demand content. Says the pre-integrated solution enables production teams to send high-quality video from anywhere and remotely edit and publish their live and video on demand content to any destination.

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Fair Oaks Income Ltd - senior secured loans investor - Says master fund FOMC II LP completes reset of AIMCO 2017-A CLO backed by a portfolio of US broadly syndicated, secured loans. Says AIMCO 2017-A CLO now holds coupon of US Libor plus 1.6%.

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Supermarket Income REIT PLC - real estate investment trust dedicated to investing in supermarket property - Increases target size of issue to GBP150 million from GBP100 million given "an increase in attractive investment opportunities".

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Wildcat Petroleum PLC - targeting investment opportunities in businesses and assets within the upstream sector of the petroleum industry - Notes the recent rise in share price. Says it is not aware of any specific reason for this significant increase. Says it is continuing to focus on sourcing an appropriate target for Wildcat to acquire and continuing to explore the implementation of blockchain technology within the sector. Says that there are no assurances can be provided that the effort will be successful.

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Marlowe PLC - London-based safety & compliance services - Announces placing of 14.5 million shares at 690p each to raise GBP100 million "to capitalise on acquisition opportunities".

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All Active Asset Capital Ltd - London-based firm seeking investment opportunities in the technology, software and artificial intelligence space - Confirms it has been issued 6,000 AAQUA BV shares. Under the terms of the option, All Active Asset can subscribe for up to 125,000 new AAQUA shares, subject to conditions.

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FastForward Innovations Ltd - investor in life sciences and technology businesses particularly within the medical cannabis field - Announces that Yooma Wellness Inc, in which it holds a 9.0% interest, is launching its MYO Plant Nutrition brand to be sold at UK retailer Holland & Barrett.

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Riverstone Energy Ltd - Guernsey-domiciled energy investor - To invest GBP600,000 in special purpose acquisition vehicle Decarbonization Plus Acquisition Corporation III, which is sponsored by an affiliate of the company. "DCRC seeks to capitalise on the Riverstone platform to identify, acquire and operate a business in industries that may provide opportunities for attractive risk-adjusted returns in one of the multiple sectors that may advance the objectives of global decarbonization," says the company.

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SIMEC Atlantis Energy Ltd - London-based clean energy generator and technology developer - Receives second tranche investment of GBP2.0 million from subscription agreement with New Technology Capital Group LLC. Announced in December that it entered into a share placement agreement with New Technology Capital Group LLC, a US-based investor, in relation to the issuance of new ordinary shares to raise up to GBP12.0 million.

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Plant Health Care PLC - agriculture products firm based in North Carolina - Successfully completes USD10 million fundraising via placing of 50.4 million share at 14p each.

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Tullow Oil PLC - South America and Africa-focused oil and gas company - Shareholders approve sale of subsidiary Tullow Equatorial Guinea.

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Idox PLC - Reading, England-based management software provider - Toronto-based provider of cloud-based software Dye & Durham Ltd withdrew its possible cash offer for Idox, which was previously announced by Idox in February.

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Cornerstone FS PLC - London-based SME-focused cloud-based provider of international payment, currency risk management and electronic account services - Plans GBP2.2 million London IPO at 61p per share on April 6.

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XLMedia PLC - London-based digital marketing services provider - Inks agreement to buy Sports Betting Dime for USD26 million. Raises GBP24 million via placing at an issue price of 40p per share. "It is extremely pleasing to see the level of support received from both new and existing investors as part of this heavily oversubscribed fundraising. The level of demand for the placing reflects confidence in XLMedia's strategy and growth potential in the US sports betting market," says CEO Stuart Simms.

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By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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5 Jul 2023 14:48

Simec Atlantis deploys substantially-upgraded turbine

(Sharecast News) - Simec Atlantis Energy announced the successful deployment of 'Turbine 2' at the MeyGen site on Wednesday, marking a significant milestone in the company's ongoing efforts to enhance performance and reliability in tidal energy generation.

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5 Jul 2023 13:25

SIMEC Atlantis Energy renewables arm successfully deploys Turbine 2

(Alliance News) - SIMEC Atlantis Energy Ltd on Wednesday said it successfully deployed Turbine 2 at the MeyGen site, after undergoing significant upgrades to improve performance and reliability.

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27 Jun 2023 15:15

IN BRIEF: SIMEC Atlantis shares to be suspended after results delay

SIMEC Atlantis Energy Ltd - Edinburgh-based energy company focused on tidal energy - Says shares will be suspended on Monday next week, because it will not publish full-year results by Friday this week, as required under AIM listing rules. Says the delay is due to the board "working hard" to sign the 30-year land lease for the 230 megawatt battery energy storage system project at the group's Uskmouth site, which completed on Tuesday last week. The delay is also due to awaiting approval from the holders of the AOE17 debentures to extend the maturity date of their bonds to June 30, 2024, which completed on Monday. Says it expects to publish its annual results during July, as while the audit process is yet to be completed, it has been advised by the auditors that the audit is "substantially complete" and that there are "no material audit issues" causing the delay.

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21 Jun 2023 14:05

IN BRIEF: SIMEC Atlantis says subsidiary debenture extension approved

SIMEC Atlantis Energy Ltd - Edinburgh-based energy company focused on tidal energy - Says subsidiary SAE Renewables's debenture extension from June 30, 2023 to June 30, 2024 has been approved by holders of the debentures issued in 2017 through Atlantis Ocean Energy. Says holders will pay enhanced interest rate of 10% for the extension period.

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2 Jun 2023 12:08

IN BRIEF: SIMEC Atlantis notes SAE Renewables debenture extension

SIMEC Atlantis Energy Ltd - Edinburgh-based energy company focused on tidal energy - Notes SAE Renewables announcement to the holders of the debentures issued in 2017 through Atlantis Ocean Energy. Extends the AOE17 debenture maturity date to June 30, 2024, from 30 June, 2023. Says holders will pay an enhanced interest for the extension period of 10%.

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29 Mar 2023 12:06

IN BRIEF: SIMEC Atlantis Energy amends 2018 debenture, provides update

SIMEC Atlantis Energy Ltd - Edinburgh-based energy company focused on tidal energy - Announces Atlantis Future Energy debenture holders have approved amendment to 2018 debenture dead, extending maturity date to March 31, 2024 from March 31, 2023. Also increases the interest rate paid on the bond to March 31, 2024 from April 1, 2023 to 10% per years. Follows the announcement in late February, when it asked bondholders to agree to delay repayment of GBP5.0 million debt due on March 31. This is because it will receive funds from annual lease income of its 230 megawatt/460 megawatt hours battery energy storage solutions project, which it estimates in either the second or third quarter of 2023.

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23 Feb 2023 19:56

TRADING UPDATES: SIMEC seeks repayment delay, Pires invests in AI

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

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9 Dec 2022 11:25

SIMEC Atlantis wins planning consent for energy storage project

(Alliance News) - SIMEC Atlantis Energy Ltd on Friday said Newport City Council in Wales gave it conditional planning consent for a 230 megawatt/460 megawatt per hour battery energy storage system at the Uskmouth site.

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9 Dec 2022 10:58

AIM WINNERS & LOSERS: Bonhill jumps on offer for UK, Asia businesses

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

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8 Nov 2022 14:42

TRADING UPDATES: Argentex interim profit grows; Egdon swings to profit

(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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8 Nov 2022 12:45

Simec Atlantis making 'good progress' with next phase of MeyGen

(Sharecast News) - Tidal energy specialist Simec Atlantis (SAE) said in an update on Tuesday that it was making "good progress" in the delivery of the first commercial-scale tidal array in the world at the MeyGen site in Scotland.

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31 Oct 2022 16:51

Simec Atlantis sells 79pc of its tidal engineering business

(Sharecast News) - Simec Atlantis Energy has agreed to the sale of a 79% stake in its advanced tidal engineering and services (ATES) division to Proteus Marine Renewables, it announced on Monday.

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6 Oct 2022 17:18

TRADING UPDATES: Nostra revenue rises; Synergia eyes Cambay farm-out

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

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6 Oct 2022 17:17

TRADING UPDATES: Nostra revenue rises; Synergia eyes Cambay farm-out

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

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6 Oct 2022 17:17

TRADING UPDATES: Nostra revenue rises; Synergia eyes Cambay farm-out

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

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