SIXH.L Share News (SIXH)

IN BRIEF: 600 Group shares due to be cancelled from AIM on April 3

600 Group PLC - West Yorkshire, England-based manufacturer and distributor of machine tools, precision engineered components and industrial laser systems - Company corrects that its shares are due to be cancelled from AIM on April 3, six months from date of their suspension from trading, rather than April 2. The cancellation is due to 600 Group being unable publish its accounts, amid a lack of money and a sale process.

EARNINGS AND TRADING: UK Oil in Broadford blow; SolGold optimistic

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

IN BRIEF: 600 Group shares still suspended as remains loss-making

600 Group PLC - West Yorkshire, England-based manufacturer and distributor of machine tools, precision engineered components and industrial laser systems - Says that since December, trading conditions have remained "challenging", with demand for capital goods subdued. As a result, 600 Group has continued to be loss-making at an operating level, and has subsequently "been seeking to manage its existing resources accordingly". The firm has been looking for potential funding options, but says there's no certainty as to whether any additional funding will be available. Until extra funding is secured, 600 Group will be unable to release its annual report for the year ended March 31. Subsequently, its shares will continue to be suspended from trading, pending the publication of its 2023 annual report, and its interim report for the six months ended September 30.

IN BRIEF: 600 Group sees funding talks continue

600 Group PLC - West Yorkshire, England-based manufacturer and distributor of machine tools, precision engineered components and industrial laser systems - On Monday, 600 noted talks continue with a US based mid-market private equity firm over the possible sale of a majority interest in the business and assets of the group's wholly owned TYKMA Electrox and Control Micro Systems industrial laser businesses. However, it agreed to terminate, without penalty and with immediate effect, the binding period of exclusivity between the two parties.

TRADING UPDATES: 600 Group disposal and funding talks continue

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

IN BRIEF: FTSE Russell says five companies to be removed soon from AIM

(Alliance News) - FTSE Russell on Friday reports that the following five companies will be removed from the FTSE AIM All-Share Index next week Wednesday in the absence of an active market and in accordance with the suspension rule, as they have been suspended for 40 business days without indication of resumption.

600 Group announces possible 80pc sale of US laser businesses

(Sharecast News) - Industrial engineering specialist the 600 Group announced the signing of a non-binding letter of intent (LOI) through its wholly-owned US division to potentially offload a majority interest in its TYKMA Electrox and Control Micro Systems industrial laser operations in the United States.

600 Group notes letter of intent by subsidiary for potential disposal

(Alliance News) - 600 Group PLC said its subsidiary 600 Group Inc is mulling a disposal of a majority interest in the business and assets of TYKMA Electrox and Control Micro Systems, which are also subsidiaries of 600 Group PLC.

EARNINGS AND TRADING: Clean Invest reports interim loss and no revenue

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

UK shareholder meetings calendar - next 7 days

IN BRIEF: 600 Group shares to be suspended as to fail results deadline

600 Group PLC - West Yorkshire, England-based manufacturer and distributor of machine tools, precision engineered components and industrial laser systems - Says can not publish results for the financial year that ended on March 31 by the September 30 deadline. Shares will be suspended on October 2. Company aims to release the results during October. Meanwhile, 600 says that it is "considering various financial alternatives to its existing debt facilities which currently expire on 30 November 2023."

EXECUTIVE CHANGES: NWF chief and Michelmersh co-founder to retire

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and not separately reported by Alliance News:

IN BRIEF: 600 Group expects annual loss but revenue set to rise

600 Group PLC - West Yorkshire, England-based manufacturer and distributor of machine tools, precision engineered components and industrial laser systems - Expects revenue for the year ended on March 31 to be about USD30 million, with gross profit of not less than about USD11.5 million. Expects operating loss of about USD2.4 million. For financial 2022, revenue was GBP32 million, and operating profit was USD1.2 million. Says the loss has been driven mainly by the delivery of "several unprofitable ordinary course customer contracts within the group's business which have resulted in lower gross margins than had been originally anticipated". As at March 31, order book amounts to USD7.8 million. Tangible net assets are expected to be no less than USD11 million.

UK shareholder meetings calendar - next 7 days