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Pin to quick picksSan Leon Share News (SLE)

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Share Price Information for San Leon (SLE)

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AIM WINNERS & LOSERS: Aptamer soars on Alzheimer's test success

Wed, 14th Jun 2023 09:50

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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AIM - WINNERS

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Aptamer Group PLC, more than doubles to 25.03 pence, 12-month range 8.00p-100.00p. The biotechnology firm reports success in the development of Optimer binders to enable a lateral flow test for the early diagnosis of Alzheimer's disease. "We are pleased to be able to support the team at Neuro-Bio with the development of Optimer binders to enable their revolutionary diagnostic for Alzheimer's disease. Optimer binders have proven performance in lateral flow test formats and our success in delivering functional Optimer binders to Neuro-Bio's biomarker facilitates further diagnostic development," says Interim Chief Executive Rob Quinn. Last month, Arron Tolley left as chief executive with immediate effect, with Quinn - who had been chief financial officer - taking over as interim CEO.

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Barkby Group PLC, up 40% to 5.24 pence, 12-month range 3.20p-12.00p. The investment firm says its subsidiary, Cambridge Sleep Sciences, has signed a new partnership and license agreement with Bowers & Wilkins, part of the consumer audio division of medical technology firm Masimo. The agreement enables SleepEngine technology, developed by CSS, to be delivered through Bowers & Wilkins Audio's products. Masimo Consumer Audio will be responsible for marketing and distributing SleepEngine. CSS and Bowers & Wilkins will share the revenue generated from the new service.

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AIM - LOSERS

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GCM Resources PLC, down 29% at 3.00 pence, 12-month range 2.45p-7.88p. The Bangladesh-focused resource exploration and development company raises GBP500,000 through a placing, and says it will need to carry out an additional fundraise before the end of the year. The firm places 20.0 million shares at 2.5 pence each. This represents a 41% discount to the closing price of 4.25p on Tuesday. GCM says the net proceeds of the placing are for "general working capital purposes." Looking ahead, GCM says it will need to carry out an additional fundraise before the end of 2023 to fund its working capital into 2024.

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San Leon Energy PLC, down 30% at 15.69 pence, 12-month range 15.56p-57.78p. The Nigeria-focused oil and gas producer updates on its proposed refinancing and its current financial situation. Says it is continuing discussions relating to an alternative USD50 million loan facility to be used for conditional investments in Energy Link Infrastructure (Malta) Ltd and to support the company's working capital requirements. Notes that the proposed refinancing has not progressed as fast as expected. Adds that though the discussions are at a "very advanced stage" it has not yet been able to access the funding from such an alternative loan facility. Consequently, San Leon has received "very limited" cash inflows. The company currently has approximately USD10.5 million of unpaid creditors, including directors, employees, professional advisers and tax authorities. Reassures that it is confident that following the proposed refinancing being successfully concluded, all creditors will be settled in full shortly afterwards.

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By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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IN BRIEF: San Leon Energy closes in on new financing agreement

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San Leon Energy receives up to USD187 million investment from Tri Ri

(Alliance News) - San Leon Energy PLC on Tuesday hailed an investment it has received that will enable it to become a majority shareholder in Energy Link Infrastructure Malta Ltd, which San Leon said was part of its long-term strategy.

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IN BRIEF: San Leon scraps existing Midwestern deal, mulls alternative

San Leon Energy PLC - Nigeria-focused oil and gas production, development and exploration company - Announces the termination of its proposed transactions with Midwestern Oil & Gas Co Ltd and the further conditional investments in Energy Link Infrastructure (Malta) Ltd. Notes these were initially announced on July 8, 2022. Remains in early-stage discussions with Midwestern regarding a revised transaction in relation to Midwestern Leon Petroleum Ltd and Midwestern's indirect shareholding in ELI.

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9 Oct 2023 13:31

IN BRIEF: San Leon Energy notes "very advanced" talks on loan facility

San Leon Energy PLC - Nigeria-focused oil and gas production, development and exploration company - Says it is in a "very advanced stage" relating to securing an alternative loan facility. It says that in order for to enable discussions to conclude, Toscafund Asset Management LLP provided San Leon with a redemption and release letter that includes a standstill provision. Toscafund agrees not to make any demand for repayment of the loan or enforce security before Friday. "The board of San Leon believes that a conclusion on an alternative loan facility will be reached in the very near term and will provide an update to shareholders and creditors at that time," San Leon says.

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IN BRIEF: Beazley Director Robert Stuchbery buys GBP50,357 shares

Beazley PLC - insurance business operating in Europe, North America, Latin America and Asia - Director Robert Stuchbery buys 9,505 shares at 529.79 pence each worth GBP50,356.77.

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8 Sep 2023 19:30

IN BRIEF: San Leon in talks regarding new loan, extends existing loan

San Leon Energy PLC - oil and gas production, development and exploration company focused on Nigeria - Continues discussions with a third party in relation to securing an alternative loan facility of USD50.0 million, which once concluded is anticipated to be used towards, amongst other purposes: the repayment of the USD5 million loan taken out in August. Proceeds of the new loan would also be used to make further investments in ELI and satisfy outstanding obligations to its creditors. Given talks continue, the original loan has been extended to September 30.

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1 Sep 2023 18:29

IN BRIEF: San Leon Energy extends longstop date for two transactions

San Leon Energy PLC - oil and gas production, development and exploration company focused on Nigeria - Announces further extension to the longstop dates for the proposed transactions with Midwestern Oil & Gas Co Ltd and the company's further conditional investments in Energy Link Infrastructure (Malta) Ltd. All longstop dates have now been extended to September 30. In discussions with Midwestern on whether a potential revision to the transaction can be agreed to allow completion to occur whilst the new eroton debt facilities and the Sahara OML 18 acquisition continue to be delayed for reasons outside of the company's control. There can be no guarantee that any such revised terms will be agreed. Further, remains in talks with a third party in relation to securing an alternative loan facility of USD50.0 million. In addition, remains in talks with ELI regarding making further potential investments of up to USD37.0 million, in ELI, which would be conditional, on completing the alternative loan facility of USD50.0 million.

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8 Aug 2023 13:50

IN BRIEF: San Leon Energy invests in Energy Link Infrastructure

San Leon Energy PLC - oil and gas production, development and exploration company focused on Nigeria - Announces a further investment of USD5.0 million in Energy Link Infrastructure (Malta) Ltd, which owns the new pipeline and the floating storage and offloading vessel for the OML 18 oil and gas field in Nigeria. The further investment in ELI is being funded by the company taking a USD5.0 million loan from funds managed by Toscafund Asset Management LLP.

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