Seed Capital Share News (SCSP)

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

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Power Metal Resources PLC - metals explorer with projects in North America, Africa, Saudi Arabia and Australia - Begins maiden drill programme at the East Hawkrock Uranium Property in Saskatchewan, held under its joint venture with Fermi Exploration Ltd. The programme will consist of 2,500 metres of diamond core drilling, targeting high-grade unconformity-related uranium mineralisation. Drilling will target conductivity horizons and test high-priority geophysical anomalies and high-priority structural targets. Chief Executive Officer Sean Wade says: "The scale and complexity of the largely untested conductive corridor we are working on, combined with radon signatures that are many magnitudes above those seen at other major discoveries in the basin, give us a high degree of confidence in this work. This programme, running concurrently with our activities at Badger Lake, underscores our commitment to rapid, high-impact exploration and our goal of delivering a transformative uranium discovery for our shareholders."

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Trellus Health PLC - digital health platform provider - Signs master services agreement with Gastro Health, a leading US clinical trial site network, under which Trellus will provide its TrialSet suite of engagement tools. The companies also plan to co-market each other's services. Says that, while not immediately revenue-generating, the MSA "further validates the strength and differentiation" of TrialSet. Additionally, Trellus is progressing advanced late-stage discussions on an additional clinical trial collaboration. Monthly cash burn has fallen to around USD300,000 with a runway until early April. As such, Trellus is discussing a potential loan from certain directors. While the convertible facility provided by Alumni Capital LLC remains in place, utilisation "is currently constrained by market conditions," Trellus says.

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Winking Studios Ltd - Singapore-based video game services firm - Agrees to an all-share acquisition of Quebec-based games studio Studios Ampera Inc. Upon completion, company founder Claude Bordeleau will become chief revenue officer. Completion is expected in April, with Ampera expected to be accretive to revenue in 2026 and "contributions anticipated to scale progressively over time". "However, this will be accompanied by incremental investments in business expansion and marketing initiatives, which typically require a payback period of between two to three years," Winking notes. Additionally, says up to 35 million shares may be issued upon the achievement of cumulative adjusted Ebitda of USD33 million through 2031, and its volume weighted average price reaching specified annual targets, culminating in at least 54.6 pence in 2031.

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Milton Capital PLC - special purpose acquisition company seeking opportunities in the energy sector - Conditionally raises GBP204,000 gross via binding commitments under a subscription through which it will issue 81.6 million shares to a range of new and existing investors and directors at 0.25 pence each. Directors Richard Mays and Nicholas Pillar subscribe for 2.0 million and 3.2 million shares respectively, bringing their interest in Milton to 4.02% and 2.70%. Chair Mays says: "This additional funding places the company in an enhanced position to search for and attract a value accretive reverse take-over. The proceeds of the subscription will be used to further bolster the company's balance sheet as we actively engage with the increasing number of third parties who see Milton as a demonstrably clean, deliverable, and a well-capitalised RTO vehicle."

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Baillie Gifford European Growth Trust PLC - London-based investor in European Securities - Appoints Joe Faraday, a senior member of its European Equities team, to succeed Stephen Paice and Chris Davies as portfolio manager, effective April 1. "The board remains highly focused on improving performance while retaining the growth style and private company exposures that differentiate BGEU from peers. Joe will therefore continue the company's growth focus whilst aiming to deliver a more diversified portfolio that captures growth opportunities across a wider range of sectors, which the board believes increases the company's prospects of improving relative performance, company says. The existing 100% performance-conditional tender offer remains in place and will be triggered if BGEU's NAV return does not exceed the benchmark over the four years to September 2028. BGEU continues to "engage with shareholders and consider whether further action is required if relative performance does not improve."

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88 Energy Ltd - Australia-based, Alaska-focused oil explorer - Completes a bookbuild to domestic and offshore institutional and sophisticated investors at AUD0.029, about GBP1.508, per share, raising AUD5.0 million gross. Comments: "The placement was heavily oversubscribed, reflecting strong support for the company's sharpened, Alaska-focused exploration strategy, expanded North Slope acreage position, and the potential of the company's forward programme of activities. The funds raised will strengthen the company's balance sheet and accelerate key pre-drilling activities, including permitting and well planning for the Augusta‑1 exploration well, currently scheduled to spud in [the first quarter of 2027]."

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Seed Capital Solutions PLC - London-based special acquisition vehicle focused on environmental, social, and governance credentialed firms - Says it continues to work towards finalising documentation required for its proposed acquisition of Cuarta Dimension Medica SL. Expects the audit of 4DM's 2025 results to be completed towards the end of April, enabling it to finalise the admission document shortly thereafter. Should the acquisition proceed, Seed Capital is required to convene a general meeting, about which it will make a further announcement soon. Plans to notify in April of the expected cancellation date of its listing.

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Geiger Counter Ltd - investor in uranium exploration and production stocks - Amid the notice period following the resignation of portfolio managers Keith Watson and Robert Crayfourd, investment manager Manulife CQS Investment Management engages two senior portfolio managers, Diana Racanelli and Craig Bethune, to work alongside Watson and Crayfourd. Racanelli and Bethune are senior portfolio managers at Manulife, managing USD415 million of metals & mining and energy assets, as well as USD1.24 billion of metals & mining and resources exposure within team‑managed portfolios. Watson and Crayfourd will remain the named portfolio managers, and there is no change to the "investment process, strategy, or day‑to‑day operations," Geiger Counter says. "The board continues to assess its options for future portfolio management arrangements, which are ongoing, and will make a further announcement in due course," it adds.

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Coca-Cola HBC AG - Zug, Switzerland-based soft drinks bottler - Announces the pricing of EUR700 million, 3.375% notes due 2028; EUR600 million, 3.625% Notes due 2030; and EUR800 million, 4.000% notes due 2033. The notes are to be issued by Coca-Cola HBC Finance BV, under its EUR10.00 billion medium-term note programme, and guaranteed by Coca-Cola HBC. Net process will be used to meet general financing and refinancing requirements of Coca-Cola HBC, including the cash component of the financing related to the announced acquisition of Coca-Cola Beverages Africa, which is expected to be completed by the end of 2026.

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By Aidan Lane, Alliance News reporter

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