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Pin to quick picksSan Leon Share News (SLE)

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TRADING UPDATES: Voyager Life pulls out of Polish deal with Goodbody

Tue, 04th Jul 2023 16:42

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

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San Leon Energy PLC - Dublin-headquartered oil and gas company focused on Nigeria - Announces update in relation to the proposed transactions with Midwestern Oil & Gas Company Ltd and the company's further conditional investments in Energy Link Infrastructure Ltd. Says all longstop dates in relation to the transaction have been extended to July 31. Continues to believe the deal has the potential to be transformational but is mindful of the recent legal challenge by NNPC Ltd and OML 18 Energy Resource Ltd and the uncertainty that this will cause. Explains the extension of the longstop dates will enable the board to continue to keep these developments under review. Further, says talks in relation to securing an alternative USD50 million loan facility to be applied towards the transaction continue. This would satisfy working capital requirements and enable payment of unpaid creditors. Remains optimistic conclusion will be reached. Given company is not in a position to publish accounts for the year to December 31, 2022, shares have been suspended, effective July 3.

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Supply@Me Capital PLC - fintech platform - Announces the completion of commercial agreements for the first inventory monetisation using traditional funding sources. Follows statement in June that it had secured a binding commitment from an institutional investor to invest in the first UK IM transactions up to GBP5 million. Notes under this agreement the commitment provided by the investor will be used by Supply@ME to monetise up to GBP1.8 million of warehoused goods of a UK client company, which provides parts and technology to the global marine industry. Expects average annual fees to be invoiced by the company to equate to around 3% of the gross value of the inventory monetised.

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Eight Capital Partners PLC - capital market company - Announces delay to the publication of its audited accounts for the year to December 31, 2022. As a result, requests temporary suspension of trading in its shares effective July 3. Delay has arisen as a result of a decision to reclassify the accounting treatment of its 1AF2 Ltd Sec Bonds 21-24 fixed rate bonds.

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Power Metal Resources PLC - metals exploration company - Announces the initiation of a consulting agreement with Jasper Consult DMCC, a London and Dubai based strategic consultant. Believes that the relationship with Jasper Consult creates an opportunity to build a new exploration asset base in the region.

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Bank of Cyprus Holdings PLC - Nicosia-based lender - Purchases a further around EUR7 million of outstanding capital securities as part of group's ongoing active management of its capital position and liabilities. Follows announcement in June to purchase all of its EUR220 million fixed rate reset perpetual additional Tier 1 capital securities callable in December 2023.

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Voyager Life PLC - Perth, Scotland-based health and wellness company supply cannabidiol, hemp seed oil and hemp-related products - Terminates agreement in relation to the acquisition of an extraction and manufacturing facility in Poland, which was to be bought from Goodbody Health Ltd. Explains legal advice, which was expected to be a formality to complete the deal, remains ongoing without any certainty of timing for conclusion. Operational control has returned to Goodbody. Points out Polich unit had been loss-making so relinquishing the business has provided greater funding capacity for the expansion of Voyager's core UK operations.

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Egdon Resources PLC - Gloucestershire, England-based oil and gas explorer and producer - Says a court meeting and general meeting approved all resolutions relating to the scheme in place to facilitate the recommended acquisition by Petricho.

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Codex Acquisitions PLC - special acquisition company - Reports loss for the year to December 31 of GBP237,122 multiplied from GBP30.315. Loss per share totalled GBP0.04 compared to GBP0.06. No dividend was paid. Says will continue to seek a suitable reverse takeover.

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By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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8 Jan 2019 14:26

San Leon Energy welcomes Eroton refinancing at OML 18

(Sharecast News) - Africa-focussed oil and gas development and appraisal company San Leon Energy updated the market on the OML 18 reserves-based lending (RBL) facility held by Eroton, the operator of OML 18, on Tuesday.

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San Leon Reports Refinancing Of OML 18 Reserves-Based Lending Facility

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San Leon Energy Expects To Start Drilling At OML 18 In Next Few Days

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10 Dec 2018 08:32

Rig ready to drill at San Leon's Akaso field

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2 Oct 2018 11:40

San Leon Energy Reports Retirement Of Chairman Raymond King

LONDON (Alliance News) - San Leon Energy PLC on Friday said Chairman Raymond King will not stand for re-election and will retire as a director of San Leon with immediate effect.The oil gas

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1 Oct 2018 11:53

Midwestern Oil & Gas To Acquire 14% Stake In San Leon Energy (ALLISS)

LONDON (Alliance News) - Oil and gas company San Leon Energy PLC said on Monday that Midwestern Oil & Gas Co Ltd has agreed to acquire SunTrust Oil Co Nigeria Ltd's holding in San will 14%

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25 Sep 2018 13:22

San Leon Energy Pitches Share Buyback Plan As Swings To Interim Profit

LONDON (Alliance News) - San Leon Energy PLC on Tuesday said it plans to launch a share buyback programme as it swung to profit in the first half of 2018.The stock was trading 7.1% higher a

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20 Sep 2018 13:35

UPDATE: Providence Resources Inks Amended Barryore Farm-Out Pact

LONDON (Alliance News) - Providence Resources PLC said Thursday that its loss for the first half of the year narrowed as it reduced legal and administrative expenses.For the six months to a

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3 Jul 2018 11:29

San Leon Energy Receives MLPL Loan Notes Owed For Second Quarter

LONDON (Alliance News) - San Leon Energy PLC said Monday Midwestern Leon Petroleum Ltd has paid its its dues related to loan notes due for the second quarter of 2018.Midwestern Leon paid on

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29 Jun 2018 12:58

San Leon Energy Confident On Future As It Builds Cash Position

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24 May 2018 18:12

San Leon Appoints Non-Executive Director, Comments On OML 18 Dispute

LONDON (Alliance News) - San Leon Energy PLC said on Thursday that it has appointed Genel Energy Chief Operating Officer Bill Higgs to its board as non-executive director with immediate is the COO

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9 May 2018 15:56

San Leon Confirms Claim Made By SunTrust Oil Over Martwestern Stake

LONDON (Alliance News) - Oil and gas company San Leon Energy PLC said on Wednesday it has noted press reports concerning a claim by SunTrust Oil related to alleged payments due for the sale of its

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23 Apr 2018 11:20

San Leon Shares Jump As It Ends Midwestern Deal Discussions

LONDON (Alliance News) - Shares in San Leon Energy PLC spiked Monday morning after it said it had notified Midwestern Oil & Gas it is not interested in a reverse takeover.San Leon were

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3 Apr 2018 13:46

San Leon Energy Gets USD19.0 Million From Midwestern Leon (ALLISS)

LONDON (Alliance News) - San Leon Energy PLC said Tuesday it has received USD19.0 million from Midwestern Leon Petroleum Ltd, as part of a loan note payment all

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