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TRADING UPDATES: Shanta Gold takeover approved; Experian to buy illion

Thu, 04th Apr 2024 18:31

(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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Xeros Technology Group PLC - Rotherham, England-based laundry technology developer - Announces placing and subscription to raise GBP4.5 million, and will place 300.0 million and 833,332 shares respectively, at an issue price of 1.5 pence each. Additionally, intends to give shareholders who don't participate in the placing the opportunity to subscribe for up to 66.7 million new shares, via a retail offer to raise up to GBP1.0 million. The retail offer shares will also be offered at an issue price of 1.5p each.

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Shanta Gold Ltd - East Africa-focused gold producer - Announces that shareholders have voted in favour of its takeover by Saturn Resources Ltd. Says that at both the court meeting and general meeting held earlier today, the requisite number of voting scheme shareholders voted in favour of the resolution to approve the scheme at the court meeting, as did Shanta shareholders at the general meeting. The acquisition, which is still subject to the satisfaction or waiver of other conditions, is expected to become effective in the first half of this year.

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Anglo American PLC - London-based diversified miner - Says that its subsidiary, Anglo American Capital PLC, has priced an issue of USD1.00 billion 5.75% senior notes, due 2034, as well as USD500.0 million 6.00% senior notes, due 2054. Both notes will be issued by Anglo American Capital, and guaranteed by Anglo American. The offering is expected to settle on Friday, and the net proceeds will be used for general corporate purposes.

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Experian PLC - Dublin-based consumer credit checker - Signs agreement to buy illion Australia Pty Ltd for a total consideration of AUD820 million, payable on completion of the transaction. The acquisition is subject to regulatory review by the competition authority in Australia, which Experian expects will conclude in the second half of this year. In the first full-year of ownership, it expects the acquisition to add revenue of AUD175 million, and benchmark earnings before interest, tax, depreciation and amortisation of AUD65 million.

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Gunsynd PLC - investing in companies and projects within the natural resources, life sciences and beverage sectors - Sells GBP32,040 worth of shares in investee Charger Metals NL, GBP74,320 worth of shares in investee Pacific Nickel Mines Ltd, and GBP128,685 worth of shares in investee Rincon Resources Ltd.

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Union Jack Oil PLC - Bath-based UK- and US-focused oil and gas company - Says that its shares have been approved to trade on the OTCQB Venture Market in the US, and will start trading at market open on Thursday under the ticker UJOGF. Believes that dual trading will provide enhanced investor benefits, including an uncomplicated trading access for investors based in the US, and "increased liquidity due to a broader geographic pool of potential investors".

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By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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IN BRIEF: Shanta Gold swings to half-year loss as gold sales drop

Shanta Gold Ltd - Guernsey-based east Africa-focused gold producer, developer and explorer - Swings to a pretax loss of USD874,000 in the six months to June 30, from USD8.6 million profit a year before, as revenue falls 10% to USD51.9 million from USD57.8 million. Further, cost of sales climb 6.6% to USD41.9 million from USD39.3 million. Attributes the fall in revenue to a decrease in gold ounces sold. Maintains its interim dividend of 0.10 pence per share. Keeps full-year production guidance of 68-76,000 ounces of gold.

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IN BRIEF: Shanta Gold's Singida project construction 70% complete

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IN BRIEF: Shanta Gold shows high-grade results at West Kenya drilling

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IN BRIEF: Shanta Gold wins maiden mining licence at Porcupine South

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IN BRIEF: Shanta Gold's annual profit shrinks as recovers less gold

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