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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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8 Aug 2022 13:33

Seed Innovations makes further South West Brands investment

(Alliance News) - Seed Innovations Ltd on Monday said it has invested a further GBP50,000 in South West Brands Ltd, following the listing of its products at a UK high street retailer and online.

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8 Aug 2022 13:04

Seed Innovations puts another £50k into South West Brands

(Sharecast News) - Medical cannabis, health and wellness-focussed investor Seed Innovations has invested a further £50,000 in London-based wellness and beauty brand owner South West Brands (SWB), it announced on Monday.

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1 Aug 2022 16:57

IN BRIEF: Agronomics, Seed Innovations invest into Clean Food

Agronomics Ltd - Isle of Man, UK-based cellular agriculture company - Leads GBP1.7 million seed financing of cellular agriculture firm Clean Food Ltd with a GBP577,500 investment to subscribe for 5.8 million shares, bringing its total holdings to 35%, worth GBP3.8 million.

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1 Aug 2022 13:34

Seed Innovations puts £0.17m into palm oil alternative developer

(Sharecast News) - Medical cannabis, health and wellness investor Seed Innovations has invested £0.17m in Clean Food Group, a UK-based cellular agriculture company focused on the commercialisation of palm oil by fermentation, it announced on Monday.

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21 Jul 2022 19:39

EARNINGS UPDATES: SDI Group profit surges; Herald NAV drops

(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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12 Jul 2022 14:46

IN BRIEF: Seed Innovations investee signs AUD2.0 million two-year deal

Seed Innovations Ltd - Guernsey-based wellness and life sciences company - Says investee Little Green Pharma Ltd has signed a two-year medicinal cannabis supply deal with Ilios Sante GmbH, worth AUD2.0 million. Ilios Sante is a German-based licensed pharmaceutical wholesaler and subsidiary of the Bloomwell Group, a European medical cannabis healthcare company. Seed says the deal involves a non-exclusive LGP white label medicinal cannabis product.

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1 Jul 2022 20:05

TRADING UPDATES: Capital wins contracts; 4D pharma pauses enrolment

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

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8 Jun 2022 17:44

IN BRIEF: Seed Innovations gives EUR250,000 loan to portfolio company

Seed Innovations Ltd - Guernsey-based wellness and life sciences company - Provides a EUR250,000 term loan to portfolio company Fralis LLC which trades as Leap Gaming. Fralis is an Israel-based developer of 3D gaming applications. Companies agree the loan will be drawn down in tranches. Seed explains that the loan will be used for working capital purposes as Fralis advances towards a liquidity events through an initial public offer or reverse takeover transaction. These are anticipated in late 2022, it adds.

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19 May 2022 14:49

Seed Innovations investee signs contract to supply high-THC strain

(Alliance News) - Seed Innovations Ltd said on Thursday its investee company Little Green Pharma Ltd signed a contract with Four 20 Pharma for exclusive supply of a new high-THC strain into Germany.

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4 May 2022 19:30

IN BRIEF: Seed Innovations investee Yooma Wellness delays results

Seed Innovations Ltd - Guernsey-based wellness and life sciences firm - Notes an announcement from investee Yooma Wellness Inc made on Tuesday regarding a delay in its annual filings. Yooma said it was unable to file its financial statements for 2021 due to unexpected delays to its audit. As a result, Yooma expects to be issued with a failure-to-file cease trade order by the Ontario Securities Commission.

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3 May 2022 12:56

IN BRIEF: Seed Innovations investee Little Green in quarterly growth

Seed Innovations Ltd - Guernsey-based wellness and life sciences firm - Notes investee Little Green Pharma Ltd report for the first quarter, with revenue increasing 30% to USD3.2 million, and cash receipts doubled year-on-year. Expects LGP sales to grow in the quarters to come. Seed Innovations holds a 3.1% stake in LGP.

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19 Apr 2022 22:13

TRADING UPDATES: AVI Japan outperforms; Crossword annual revenue grows

(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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6 Apr 2022 14:08

IN BRIEF: Seed Innovations rises on investee Eurox's capital raise

Seed Innovations Ltd - Guernsey-based wellness and life sciences firm - says its portfolio company Eurox Group raised a total of EUR4.4 million from new and existing investors through subscriptions in a new capital raise. Notes that the Bensheim, Germany-based medical cannabis company is now well-placed for the development of its Portuguese facility and further acceleration of product development.

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5 Apr 2022 20:45

TRADING UPDATES: Rambler ups production; SRT Marine anticipates loss

(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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4 Mar 2022 20:53

TRADING UPDATES: IOG to cut Gazprom ties; wholesale changes at Donegal

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

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