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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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23 Sep 2022 11:39

IN BRIEF: SIMEC Atlantic Energy shares surge on turbine re-deployment

SIMEC Atlantis Energy Ltd - Edinburgh-based energy company - Re-deploys 1.5 megawatt turbine at MeyGen site in north Scotland. Says this is a critical step at demonstrating tidal technology at commercial scale.

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30 Aug 2022 11:05

IN BRIEF: SIMEC Atlantis shares surge on major milestone for project

SIMEC Atlantis Energy Ltd - Edinburgh-based energy company - Secures the necessary grid variations for its 230 megawatt battery energy storage system project at the Uskmouth site in Wales. Now believes the project is on track to be operational by 2024.

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30 Aug 2022 11:04

AIM WINNERS & LOSERS: Diurnal shares more than double on takeover bid

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

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11 Aug 2022 15:44

UK shareholder meetings calendar - next 7 days

Friday 12 August 
iEnergizer LtdAGM
Ironveld PLCGM re proposals to remove directors
Old Mutual LtdGM ownership transaction
Pineapple Power CorpAGM
Monday 15 August 
Ascent Resources PLCGM re annual report
Corcel PLCAGM
Coro Energy PLCGM re annual report
Forward Partners Group PLCAGM
Ince Group PLCGM re fundraise
Red Rock Resources PlcGM re convertible loans
Schroders PLCGM re dual class share structure
Tuesday 16 August 
Go-Ahead Group PLCGM re takeover by Kinetic and Globalvia consortium
NatWest Group PLCGM proposed special dividends
Wednesday 17 August 
Calnex Solutions PLCAGM
Thursday 18 August 
Artemis Resources LtdGM directors fees, share options
Artemis Resources LtdAGM
LoopUp Group PLCGM resolutions to the annual report and accounts that were not put in AGM
NextEnergy Solar Fund LtdAGM
Oryx International Growth Fund LtdAGM
SIMEC AtlantisEnergyAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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7 Jul 2022 11:53

IN BRIEF: SIMEC Atlantis wins contract to deliver power at MeyGen

SIMEC Atlantis Energy Ltd - Edinburgh-based energy company - Wins government support to deliver the next phase of tidal projects. It says it has successfully secured a contract for difference in the latest allocation round for MeyGen site in Scotland. SAE says the CfD guarantees GBP178.54 per megawatt hour for 15 years. The firm it will deliver "28MW of clean, home-sourced, predictable power."

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1 Jul 2022 21:53

TRADING UPDATES: Scotgems to vote on liquidation; Mkango names new CFO

(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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29 Jun 2022 11:38

AIM WINNERS & LOSERS: Deltic rises on Shell deal; Windar down on delay

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

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29 Jun 2022 11:04

SIMEC Atlantis Energy shares tumble on sharp loss in 2021

(Alliance News) - SIMEC Atlantis Energy Ltd on Wednesday posted a greatly widened loss as it described the past 12 months as "very challenging".

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10 Jun 2022 17:32

IN BRIEF: SIMEC Atlantis Energy wins extension on debenture deed

SIMEC Atlantis Energy Ltd - Edinburgh-based energy company - Wins a one year extension to the maturity date of its Atlantis Ocean Energy debenture deed to June 30, 2023. The interest due on June 30 will now be paid late but company notes this will be paid no later than September 30. Company also formally requests from Atlantis a deferral of up to three months for interest payment due on June 30. The request for the deferral requires the agreement of 75% by value of debenture holders.

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24 May 2022 14:05

SIMEC Atlantis Energy surges on GBP40 million battery storage contract

(Alliance News) - SIMEC Atlantis Energy Ltd on Tuesday said it has signed a GBP40 million contract for a battery storage project at Uskmouth.

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24 May 2022 11:02

AIM WINNERS & LOSERS: SIMEC wins bumper deal; boohoo settles claim

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

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27 Apr 2022 16:04

IN BRIEF: SIMEC Atlantis Energy falls on debt repayment discussions

SIMEC Atlantis Energy Ltd - Edinburgh-based energy company - Enters into discussions with Abundance Investment Ltd to extend the timing of the repayment of its Atlantis Ocean Energy PLC debentures. Says it needs more time to make the repayment due to delays at its projects, in particular at its Uskmouth site. These debentures were issues in 2017 and totalled GBP5 million. They were due for repayment on June 30. Company adds it will formally request an extension and potentially a deferral of the upcoming interest payment "shortly".

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25 Apr 2022 20:22

IN BRIEF: SIMEC Atlantis promotes Hirst to CFO, executive director

SIMEC Atlantis Energy Ltd - Edinburgh-based renewable energy producer - Promotes Simon Hirst to role of chief financial officer and executive director. Hirst has worked at SAE since 2015 and has primarily been responsible for all financial and commercial aspects of the MeyGen project. Says Andrew Charters has resigned his position on the board and has stepped down as CFO. He will remain with the group during a transition period, it adds.

Read more
1 Apr 2022 16:08

Simec Atlantis gets £2.5m Scottish Enterprise loan for tidal project

(Sharecast News) - Simec Atlantis Energy announced on Friday that its majority-owned MeyGen tidal project has secured a non-convertible loan of £2.5m from Scottish Enterprise.

Read more
1 Apr 2022 09:56

AIM WINNERS & LOSERS: Quiz shares in style as sales top expectations

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

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