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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.

More News
12 Jun 2023 09:05

IN BRIEF: Seed Innovations cannabis investee gains MHRA accreditation

Seed Innovations Ltd - Guernsey-based investment company focused on medical cannabis, health and wellness sector - Says portfolio company Northern Leaf Ltd, a Jersey-based medical cannabis producer, has been awarded Good Manufacturing Practices accreditation from the UK Medicines & Healthcare Products Regulatory Agency. Accreditation is for company's flower product as an active pharmaceutical ingredient. Seed Innovations says this is "a key regulatory milestone for the company to export its products to the European Union". It owns 1.2 million shares in Northern Leaf, or 2.2% of its share capital.

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1 Jun 2023 11:09

Seed Innovations investee company Little Green Pharma sees growth

(Alliance News) - Seed Innovations Ltd on Thursday said its portfolio company Little Green Pharma Ltd posted a surge in revenue as its loss narrowed.

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17 May 2023 15:31

IN BRIEF: Seed Innovations investee company expands in Italy

Seed Innovations Ltd - AIM-listed investor in the medical cannabis, health, and wellness space - Notes announcement from investee company Avextra AG. Avextra says it has successfully exported EU-GMP standardised cannabis extracts manufactured at its German facility to its distribution partner in Italy. Avextra is a German-based, vertically integrated medical cannabis company. Seed holds a 6.6% stake in Avextra, valued at GBP4.4 million as at September 30.

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9 May 2023 16:49

IN BRIEF: Seed Innovations notes portfolio firm's shares suspension

Seed Innovations Ltd - AIM-listed investor in the medical cannabis, health, and wellness space - Notes the suspension of trading of its portfolio company Yooma Wellness Inc's common shares on the Canadian Securities Exchange and on Aquis. Says Yooma anticipates completing annual filings on or before July 15 and for share suspension to be lifted shortly after. Says Seed currently carries its investment in Yooma at GBP43,000 and expects to write this down to nothing on publication of the annual accounts for the financial year that ended March 31. Also notes portfolio firm Little Green Pharma wins extended French government tender, being appointed a primary CBD oil manufacturer for third year of an extended national French medicinal cannabis trial.

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27 Apr 2023 17:02

TRADING UPDATES: Ceiba net asset value down, up for Asia Dragon Trust

(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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24 Apr 2023 19:21

TRADING UPDATES: acccesso buys firm, Card Factory ups outlook

(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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20 Apr 2023 12:15

Seed Innovations sells South West Brands to OTO for GBP2.6 million

(Alliance News) - Seed Innovations Ltd said on Thursdsay its portfolio company South West Brands Ltd has entered into a sale and purchase agreement with OTO International Ltd.

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17 Apr 2023 17:43

TRADING UPDATES: Eqtec enters deal; Fulcrum buys 42 mining claims

(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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11 Apr 2023 12:23

Seed Innovations completes sale of Leap Gaming

(Sharecast News) - Seed Innovations announced the completion of the sale of its portfolio company Fralis, also known as Leap Gaming, to IMG Arena US on Tuesday.

Read more
11 Apr 2023 12:23

Seed Innovations completes sale of Leap Gaming

(Sharecast News) - Seed Innovations announced the completion of the sale of its portfolio company Fralis, also known as Leap Gaming, to IMG Arena US on Tuesday.

Read more
11 Apr 2023 10:47

IN BRIEF: Seed Innovations completes sale of Leap Gaming

Seed Innovations Ltd - AIM-listed investor in the medical cannabis, health, and wellness space - Confirms completion of the sale of portfolio company Fralis LLC, which trades as Leap Gaming. Expects the second tranche of sale proceeds of EUR2.8 million to be received in April next year. Intends to use the proceeds received for making further investments.

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24 Mar 2023 14:16

IN BRIEF: Seed Innovations says portfolio firm completes placement

Seed Innovations Ltd - AIM-listed investor in the medical cannabis, health, and wellness space - Says its portfolio firm Little Green Pharma Ltd has completed a placement worth USD5 million from from new and existing investors. Says the funds will be used to repay balance of loan note with Canopy Growth Corp and for working capital and costs of offer. Little Green Pharma says, under the placement, it will issue new shared at USD0.18 per share, representing a 5.3% discount to the last price of USD0.19 per share on Tuesday.

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15 Mar 2023 16:41

TRADING UPDATES: Foresight Solar Fund NAV up in 2022, raises dividend

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

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21 Feb 2023 15:54

IN BRIEF: Seed Innovations discusses convertible loan note repayment

Seed Innovations Ltd - AIM-listed investor in the medical cannabis, health, and wellness space - Says it is in discussions with its portfolio company South West Brands, with Seed requesting full repayment as the convertible loan note it provided South West Brands in October 2021 has matured. At this time, Seed made a GBP150,000 investment in South West Brands via a 12-month, 8% CLN maturing in October last year. This was extended until mid-January, as announced in mid-November. In total, Seed says it has GBP500,000 invested via several CLNs valued at GBP543,000 as at September 30.

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15 Feb 2023 19:27

Seed Innovations highlights ethics approval at Little Green Pharma

(Alliance News) - Seed Innovations Ltd highlighted on Monday progress for an anti-depressant therapy by a firm in which it holds a significant stake.

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