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TRADING UPDATES: SigmaRoc files patent; Griffin restarts operations

Fri, 04th Nov 2022 20:38

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

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Nostrum Oil & Gas PLC - Amsterdam-headquartered oil and gas company with operations in Kazakhstan - Proposes to extend the long-stop date to February 16, 2023, from December 16. If its ongoing restructuring has not been implemented by this date, the scheme and the implementation deed will automatically terminate. On May 11, it launched a scheme of arrangement via issuing of practice statement letter to scheme creditors to implement a proposed financial restructuring, as contemplated in the lock-up agreement with regards to the 8.0% senior notes due July 2022 and 7.0% senior notes due February 2025, issued by Nostrum Oil & Finance BV.

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SigmaRoc PLC - London-based quarried materials group - Files a UK patent on its Alfabloc Mark II retaining wall systems. Alfabloc is an interconnecting precast concrete walling system produced in the UK, Ireland, Benelux and Scandinavia.

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RTW Venture Fund Ltd - New York-based investor in life sciences, biopharmaceutical, and medical technology companies - Director William Scott buys 50,000 shares at USD1.105 each.

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Griffin Mining Ltd - mine operator focused on China - Recommences the operations of Caijiaying mine in China on Tuesday. Expects full production at Caijiaying mine to begin Monday.

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Amte Power PLC - developer and manufacturer of lithium-ion and sodium-ion battery cells - Signs a convertible bond facility. Issues a tranche 1 drawdown notice in respect of the first GBP3.0 million of the facility. The maximum proceeds of the facility are expected to amount to roughly GBP3.9 million.

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Kingswood Holdings Ltd - London-based wealth and investment management - Says it made a second year 1 deferred consideration payment in the amount of GBP500,000 relating to the acquisition of Admiral Wealth Management Ltd. Says it used a portion of the cash proceeds from its new funding facility.

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Provident Financial PLC - Bradford, England-based banking company - Receives a notice from the Prudential Regulation Authority that its application for a UK Group large exposure waiver was approved. This will enable Moneybarn No 1 Ltd, the group's vehicle finance subsidiary, to access retail deposit funding via Vanquis Bank with immediate effect.

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Upland Resources Ltd - London-based oil and gas company - Promotes Non-Executive Chair Haji Bolhassan Di to chief executive officer on a full-time basis. The appointment is effective immediately. Bolhassan has had significant oil and gas experience with Shell PLC in South Korea, Singapore, the North Sea and the Netherlands.

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Round Hill Music Royalty Fund Ltd - Guernsey-based investor in music copyright assets - Turtlegrass Partners LLC, a company controlled by Round Hill Music Royalty Fund Ltd investment manager Joshua Gruss buys 116,000 at USD0.858.

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IDE Group Holdings PLC - Croydon-based cloud & IT managed services provider - Says the change of its name to Tialis Essential IT PLC has now been completed and has taken effect on companies house as of Thursday. "Over the coming months the company will be overhauling the entire IDE brand, colours and messaging, with a relaunch of the new Tialis brand. This will include a new website, planned for early 2023," the company says.

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Mode Global Holdings PLC - London-based bitcoin banking app - Says it has received and accepted conversion notices resulting in the conversion of an aggregate of GBP69,056 principal amount of the loan notes, resulting in the issuance today of 1.9 million new ordinary shares of 1 pence each in the capital of the company at an average conversion price of GBP0.0393 per share.

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Canadian Overseas Petroleum Ltd - Calgary, Canada-based oil and gas company operating in Nigeria and US state of Wyoming - Issues 7.0 million common shares following a conversion of USD800,000 principal of 2024 bonds and USD600,000 principal of 2025 bonds. The principal amount of convertible bonds outstanding reduced to USD11.2 million of 2024 Bonds and USD9.0 million of 2025 bonds, it says.

On Tuesday, the company reports that the miscible flood at it Barron Flats continue to exceed its initial expectations, "thus resulting in a resimulation of the field which is underway." Says flaring gas has commenced at Barron Flats. Continues to refine its interpretation of its deep oil discovery made in September. Remains in discussions with "select US and international banks" regarding the refinancing of its current senior credit facility of USD42 million.

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Coral Products PLC - Manchester-based plastic products maker - Proposes the cancellation of its share premium account and of the capital redemption reserve. Together they comprise the reduction of its share capital. Seeks the approval of shareholders for the cancellation of the entire share premium account of the company of GBP6.3 million. Also seeks shareholder approval for the cancellation of the capital redemption reserve of GBP1.2 million.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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SigmaRoc Issues GBP750,000 Of Shares For 2017 Poundfields Deal (ALLISS)

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25 Jan 2019 14:07

SigmaRoc Raises GBP12 Million Toward CCP Building Products Purchase (ALLISS)

LONDON (Alliance News) - SigmaRoc PLC on Friday said it raised GBP12.4 million in cash to part-fund the initial consideration for the acquisition of CCP Building Products Ltd.Back in the to

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24 Jan 2019 13:25

SigmaRoc Increases Santander Facility To GBP34 Million (ALLISS)

LONDON (Alliance News) - SigmaRoc PLC on Thursday said it entered into an agreement with Santander UK PLC to increase its credit facilities to GBP34 million.The company will use the funds

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17 Jan 2019 14:29

SigmaRoc Refinances Convertible Loan Notes; 2018 Revenue Surges (ALLISS)

LONDON (Alliance News) - SigmaRoc PLC on Thursday said it expects to report double digit revenue growth in 2018 on improved performance of its Ronez division.The AIM-listed construction it

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10 Jan 2019 13:19

SigmaRoc Hires Tarmac Director McClelland To Help With Foelfach Quarry

LONDON (Alliance News) - SigmaRoc PLC on Thursday said it appointed David McClelland as managing director following the purchase of Foelfach quarry located in Carmarthenshire, south AIM-listed the

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10 Jan 2019 11:40

SigmaRoc strengthens focus on west and south west UK

(Sharecast News) - Buy-and-build construction materials group SigmaRoc updated the market on two key developments in the continued roll-out of its growth strategy on Thursday.

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10 Dec 2018 15:35

SigmaRoc Buys Concrete Firm CCP, Adjusts Debt Amid Strong Results

LONDON (Alliance News) - Construction materials firm SigmaRoc PLC said Monday it has acquired a concrete firm for GBP15 million amid "strong" results for the firm during the first ten of

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7 Nov 2018 11:46

SigmaRoc Director Drinkwater Resigns Due To Personal Health Reasons

LONDON (Alliance News) - Buy-and-build construction material company SigmaRoc PLC said Wednesday that Director Gary Drinkwater resigned from the board with immediate effect.Drinkwater down

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28 Sep 2018 14:06

SigmaRoc Half-Year Revenue And Profit Jump; Will Meet Annual Targets

LONDON (Alliance News) - SigmaRoc PLC on Friday reported a sharp rise in first half profit and revenue on the back of a contribution from acquisitions and a good performance in the Channel Islands

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21 May 2018 11:50

SigmaRoc Swings To Profit In 2017 After Ronez Acquisition

LONDON (Alliance News) - SigmaRoc PLC said on Monday that it swung to a profit in 2017 as a result of acquiring Ronez Ltd.For the year ended December 31, the construction company made a of

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5 Jan 2017 09:04

SigmaRoc completes first acquisition and £50m placing

(ShareCast News) - SigmaRoc, formed as a cash shell with a buy-and-build strategy focused on the construction materials sector, has completed its acquisition of Ronez from concrete colossus LafargeHolcim group, for £45m in cash. The acquisition, which constituted a reverse takeover of the company du

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15 Dec 2016 09:06

SigmaRoc to buy Channel Islands-based building supplier for £45m

(ShareCast News) - Construction investor SigmaRoc is to buy channel Islands-based building product supplier Ronez for £45m in cash after raising £50m in equity. The AIM-listed company is to buy Ronez, a subsidiary of Aggregate Industries, which is part of the LafargeHolcim Group, a Swiss building ma

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