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TRADING UPDATES: Seed Innovations loss widens; Atome launches offer

Mon, 12th Dec 2022 21:54

(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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EnSilica PLC - Oxfordshire, England-based semiconductor designer and supplier with design centres in India and Brazil - Secures two new contracts from unnamed, existing customers based in mainland Europe that have a combined total of USD3.6 million. "We are delighted to have secured a further two contracts from existing customers, which has enabled our team to take full advantage of our recently acquired Flow IP capabilities. Pleasingly, these new design flows will enable us to deliver both high-quality and highly competitive complex chips to our customers. With the global demand for new chip development strong, EnSilica remains ideally placed to continue to take full advantage of these market opportunities," Chief Executive Officer Ian Lankshear comments.

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Totally PLC - Derby, England based provider of healthcare, corporate fitness and wellbeing services - Secures new contract, worth up to roughly GBP66 million, with the NHS South East London Integrated Care Board for the provision of two urgent treatment centres in Bromley, South East London. "Our urgent treatment centres aim to prevent avoidable A&E attendances by ensuring that patients are treated in the most appropriate setting, according to their clinical and wellbeing needs. This means that NHS emergency service staff can focus on treating those with more serious conditions," CEO Wendy Lawrence says.

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Kromek Group PLC - Sedgefield, England-based detection technology supplier - Wins two contracts with a combined worth of GBP1.5 million for the supply of its D3M and D3S-based nuclear security products for European government end-users. "We are delighted to have been awarded these contracts to supply our D3M device, D3S-based static node and networking capabilities. As governments reconsider how they can best provide for the safety and security of their people in the face of current geopolitical tension, demand for our nuclear radiation detection technology continues to be strong. These orders, which have been secured via our new partners, further validate the strength of our offer. We look forward to delivering these contracts and I am confident that we will continue to see further growth in our CBRN segments," CEO Arnab Basu says.

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Goldplat PLC - South Africa and Ghana-focused mining services company - Secures a non-dilutive financing of USD3 million through a pre-paid gold purchase agreement. Explains that this follows the securing of an initial USD10.5 million conditional non-dilutive financing. "This second non-dilutive financing further strengthens Caracal's cash position bringing the total raised in the last two weeks to USD13.5 million. Attracting these two new high-calibre partners, OCIM and Philoro, is testament to the vast potential Caracal offers as it focuses on becoming a +50,000oz per annum producer with +3moz in resources," CEO Robbie McCrae comments.

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Gaming Realms PLC - London-based developer and licensor of mobile-focused gaming content - Pays GBP3.4 million in cash to JPJ Group Holdings Ltd in receipt of GBP3.5 million secured convertible loan notes dated December 14, 2017, which has now been repaid in full. Says its financial position remains strong with cash generative and the net cash position as at December 31 expected to be around GBP3 million.

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Hamak Gold Ltd - British Virgin Islands-based gold exploration firm focused on Liberia - Says that it received extremely positive results from the first drill hole at the Ziatoyah prospect on its Nimba permit in Liberia. Says the drilling confirms that the depth extension of surface mineralization previously reported of 14.0 meters at 1.98 grams per ton of gold. "These initial drilling results, from our first gold discovery made at the Nimba licence, are extremely encouraging and indicate a potentially mineable width and grade at Ziatoyah. They point to a significant mineralised system with geological similarities to the nearby deposits currently being mined at Endeavour Mining's Ity Mine in neighbouring Cote d'Ivoire, only c.25 kilometres to the north-east of Ziatoyah," Executive Director Karl Smithson comments.

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Castelnau Group Ltd - closed-ended investment firm - Says that Castelnau has agreed to provide the company with an unsecured loan facility of around GBP1.5 million. Plans to use the loan for general working capital requirements. Adds that the loan is repayable on the first anniversary of the drawdown with a yearly interest rate of 15% accruing daily.

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Argo Blockchain PLC - London-based blockchain technology company - Requests that the UK Financial Conduct Authority restore the listing of its ordinary shares and that is expected to happen as soon as practicable. Confirms that it is in "advanced negotiations" with a third party to sell certain assets and engage in an equipment financing transaction. Believes this will strengthen its balance sheet and improve its liquidity.

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Atome Energy PLC - Leeds, England-based producer and marketer of green hydrogen and ammonia - Plans a retail offer through PrimaryBid at an issue price of 106.2 pence per retail share. This represents a 10% discount to the closing mid-market price on December 9. Plans to use the funds to provide itself with further funding to expedite its growth including the Villeta project, as well as general working capital purposes.

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Clean Power Hydrogen PLC - a Doncaster, England-based green hydrogen technology firm - Subscribes for 1.4 million new ordinary shares in Atome Energy PL's retail offer at a price of 106.2 pence per share for a total investment of GBP1.5 million. Says that the investment accelerates both Atome's and CPH2's roll out of green hydrogen electrolysers across South America and is a demonstration of CPH2's commitment to Atome's Mobility Division. "Today's announcement marks an extension of our ongoing collaboration with Atome for the use of CPH2's electrolyser units in Atome's international hydrogen and ammonia projects. The company's investment in Atome is expected to accelerate Atome's plans for the commercial production of hydrogen in Paraguay employing CPH2's MFE220 electrolyser and therefore accelerate the roll-out of our electrolysers across South America," CEO Jon Duffy comments.

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Cineworld Group PLC - London-based cinema operator - Says that its Israeli distribution subsidiary Forum Film Ltd agreed with the Israeli Anti-Trust Authority that it was in breach of the terms of a merger agreement from 2010 and that Cineworld CEO Mooky Greidinger was indirectly responsible for failing to prevent such breach. As a result, the Israeli court fines Forum Film around GBP150,000 and has fined Mooky Greidinger personally around GBP23,000 and given him a 6-month suspended prison sentence. Expects that this judgment will no negative impact on the continued operations of Forum Film, Cineworld, or Mooky Greidinger's position as CEO of Cineworld.

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Seed Innovations Ltd - Guernsey based wellness and life sciences company - Records a net loss of GBP3.9 million in the six months to September 30, widened from GBP1.1 million, as the net unrealised loss on revaluation of financial assets at fair value swings to GBP3.5 million from a profit of GBP762,000. Interest income falls to GBP41,000 versus GBP45,000.

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By Abby Amoakuh, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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TRADING UPDATES: PCI-PAL picked by Zoom; Biome in project delays

(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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3 Oct 2023 06:51

IN BRIEF: Seed Innovations begins GBP850,000 share buyback

Seed Innovations Ltd - investment firm focusing on early-stage health, wellness and medical cannabis companies - On Friday, says it has begun a share buyback of up to 21.5 million shares, or GBP850,000. The buyback runs from Monday and will end no later than February 29, 2024. The programme will be funded from the company's existing cash resources.

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19 Sep 2023 19:41

IN BRIEF: Seed Innovations plans to start GBP850,000 buyback

Seed Innovations Ltd - investment firm focusing on early-stage health, wellness and medical cannabis companies - Intends to start share repurchase programme for up to a maximum of 21.5 million shares or GBP850,000. Follows talks between the board and certain key shareholders which considered the current 57% discount in the share price relative to the last reported net asset value. Sets maximum price of 6 pence per share. Chief Executive Ed McDermott comments: "This programme is a reflection of our strong financial position and our commitment to returning value to our shareholders."

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13 Sep 2023 15:48

UK shareholder meetings calendar - next 7 days

Thursday 14 September 
AEW UK REIT PLCAGM
Altitude Group PLCAGM
Auto Trader Group PLCAGM
Baker Steel Resources Trust LtdAGM
Belluscura PLCAGM
IG Design Group PLCAGM
Jupiter Green Investment Trust PLCAGM
Mode Global Holdings PLCAGM
Ryanair Holdings PLCAGM
Twenty Four Income Fund LtdAGM
Friday 15 September 
Blackstone Loan Financing LtdEGM re wind-down and changes to the company's share capital
Citius Resources PLCAGM
Insig AI PLCAGM
Real Estate Credit Investments LtdAGM
Trifast PLCAGM
Monday 18 September 
Baillie Gifford US Growth Trust PLCAGM
Inteliqo LtdAGM
LendInvest PLCAGM
Rosslyn Data Technologies PLCGM re fundraise
Tuesday 19 September 
Africa Opportunity Fund LtdAGM
Aston Martin Lagonda Global Holdings PLCGM re supply arrangement with Lucid Group Inc
Augmentum Fintech PLCAGM
Beacon Rise Holdings PLCAGM
Begbies Traynor Group PLCAGM
Chill Brands Group PLCAGM
DP Aircraft I LtdAGM
Great Southern Copper PLCAGM
Manolete Partners PLCAGM
Moonpig Group PLCAGM
Oxford Instruments PLCAGM
ProCook Group PLCAGM
SRT Marine Systems PLCAGM
Unicorn Mineral Resources PLCAGM
Wednesday 20 September 
Accsys Technologies PLCAGM
Frasers Group PLCAGM
Grames Workshop Group PLCAGM
Hidong Estate PLCAGM
IG Group Holdings PLCAGM
Ilika PLCAGM
Nippon Active Value Fund PLCGM re assets rollover
Quiz PLCAGM
Seed Innovations LtdAGM
STS Global Income & Growth Trust PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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11 Sep 2023 11:40

Seed Innovations partially offloads stake in Avextra

(Sharecast News) - Health, wellness and medical cannabis investor Seed Innovations announced a major sale on Monday, offloading 2,900 shares of Germany-based European medical cannabis enterprise Avextra, formerly known as Eurox Group.

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11 Sep 2023 10:05

Seed Innovations sells most of Avextra interest for EUR2.9 million

(Alliance News) - Seed Innovations Ltd on Monday said it sold most of its interest in Avextra AG, formerly known as Eurox Group, for around EUR2.9 million.

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8 Sep 2023 19:23

IN BRIEF: Seed cuts value of investment in OTO after fundraise

Seed Innovations Ltd - Guernsey-based wellness and life sciences company - Provides updates from two portfolio companies, Northern Leaf PLC and OTO International Ltd. Says Northern Leaf has been accredited good agricultural and collecting practice by Control Union Medical Cannabis Standard for its cultivation facility in Jersey. Adds supply agreements have been received for initial sales into Germany and Australia, with a number of other supply agreements into various jurisdictions under discussion. Further, says OTO has recently undertaken a fundraise to fund working capital through to the end of 2023. Explains fundraise is at a significant discount to OTO's indicative enterprise value. As a result, Seed is impairing the combined loan and equity position by around 75% in light of both the tough current market conditions and likely needs of OTO to raise further funding in 2024.

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8 Sep 2023 13:44

Seed upbeat on Northern Leaf, writes down value of SWB

(Sharecast News) - Health, wellness and medical cannabis investor Seed Innovations updated the market on two of its portfolio companies on Friday, being Northern Leaf and OTO International.

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7 Sep 2023 20:27

TRADING UPDATES: Tintra receives bid approach; NCC trading in line

(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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14 Aug 2023 09:16

Agronomics raises investment in alternative palm oil firm Clean Food

(Alliance News) - Agronomics Ltd on Monday said it has invested in Clean Food Group Ltd, a fermentation-derived palm oil company.

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8 Aug 2023 11:53

Seed Innovations notes investee Clean Food teams up with Alianza Team

(Alliance News) - Seed Innovations Ltd on Tuesday said its investee Clean Food Group announced a strategic collaboration with Alianza Team, a Latin American food production and lipid-based technology company.

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3 Aug 2023 17:16

Seed Innovations delivers positive news from two portfolio holdings

Seed Innovations Ltd - Guernsey-based wellness and life sciences company - Notes statement from Portage Biotech Inc, in which company holds 0.2% stake. Portage reported it is poised to accelerate accrual in all clinical programs across multiple US cities and abroad. Highlights updated interim data for lead iNKT engager, Port-2, presented at the 2023 ASCO annual meeting which showed early evidence of monotherapy activity with minimal toxicity. Has entered into a clinical collaboration agreement with Merck Inc for the evaluation of Port-2. Further, notes announcement by Little Green Pharma Ltd in which it holds a 2.45% interest. Notes LGP's Desert Flame medicinal cannabis flower product has been granted a marketing authorisation in Poland with the company scheduled to ship its first product from Australia in October.

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12 Jul 2023 14:17

IN BRIEF: Seed Innovations firm wins USD1.6 million cannabis oil deal

Seed Innovations Ltd - Guernsey-based wellness and life sciences company - Notes announcement released on the Australian Stock Exchange by its portfolio company, Little Green Pharma Ltd, in which the company holds a 2.5% interest. Says Little Green Pharma has been awarded a commercial tender to supply up to USD1.6 million of its CBD50 medical cannabis oils to a French medicinal cannabis trial. Says this trial is until March 2024 and is currently the largest government-led trial in Europe.

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30 Jun 2023 20:15

TRADING UPDATES: On The Beach rejigs board, names new CEO and CFO

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

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27 Jun 2023 14:21

IN BRIEF: Seed Innovation net asset value declines in difficult year

Seed Innovations Ltd - Guernsey-based wellness and life sciences company - Net asset value at March 31 was down 22% to 7.54 pence per share from 9.62p at the same time the previous year. Net loss narrows to GBP836,000 in the year ended March 31, from GBP2.0 million the previous year. Proposes no dividend, unchanged from the previous year. Seed says that the financial year was challenging due to macro-economic and political factors affecting stock market stability, but notes that it is optimistic about delivering sustainable growth in the long term.

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