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TRADING UPDATES: Creo unveils product in APAC; Unilever hires director

Wed, 31st Jan 2024 18:15

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

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Unilever PLC - London-based maker of food & drink, cleaning, toiletry, and personal care products - Appoints Judith McKenna as an independent non-executive director. She will join the board on March 1. Says: "Judith has deep and extensive experience of the consumer goods and retail sector, having spent 27 years of her career at Walmart. She most recently served as President and CEO of Walmart International from 2018-2023, where she was responsible for all aspects of Walmart's footprint outside the US." Prior to leading Wal-Mart International, says McKenna served as executive vice president and chief operating officer for Wal-Mart US and was the chief financial officer for UK supermarket chain Asda for more than a decade.

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Leeds Group PLC - West Yorkshire, England-based textile manufacturing company - Further to announcement earlier this month that its shareholders voted in favour of a proposed USD657,000 disposal of its subsidiary Hemmers-Itex Textil Import Export GmBH to Nooteboom Bidco BV, says the sale is ongoing and yet to be formally completed. It remains optimistic that the proposed sale will complete "shortly" and that a further announcement will be made in "due course".

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Creo Medical Group PLC - Chepstow, Wales-based medical device company focused on surgical endoscopy - Announces continued progress on the phased market release of its Speedboat UltraSlim device, which has now been successfully used in the Asia Pacific region for the first time. Earlier this month, it had been been used successfully in Latin America for the first time. Since December, it has also been successfully used in the UK and the US. In Asia Pacific, says: "The device has been used to treat precancerous lesions in the colon, oesophagus and stomach as well as during procedures to surgically correct gastric and oesophageal abnormalities to help patients with swallowing and acid reflux disorders. In all cases these procedures help move patients from operating theatre procedures to endoscopic procedures with the inherent reduced impact on the patient and associated costs." Chief Executive Officer Craig Gulliford adds: "We're very pleased that Speedboat UltraSlim has now reached the Asia Pacific region, representing tremendous progress with the phased initial market release in a short period of time. The team have done a terrific job with the regional regulatory steps necessary to enable this limited market release programme and we are excited to extend the roll-out to reach all of our customers in the coming months. APAC represents the fourth continent where the device has now been used in clinic and along with Dr. Hon Chi Yip and Dr. Simon Chu, we have had fantastic feedback from all customers who have so far had access to the new technology."

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Synergia Energy Ltd - India and UK-focused gas production and carbon capture and storage project development company - Updates on Cambay production sharing contract farm-out in Gujarat state, India. Says it continues to hold meetings in India this week with the unnamed potential joint venture partner, particularly over finalising the farm out agreement and joint operating agreement. Says it and the prospective partner aim to execute these agreements in early next month.

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Chariot Ltd - Africa-focused transitional energy company - Says electricity trading platform Etana Energy (Pty) Ltd, in which Chariot has a 49% stake, signs "milestone" power purchase agreement with Growthpoint Properties Ltd to supply them with 195 gigawatt hours of renewable energy per year. Chariot says this represents 32% of Growthpoint's total current annual electricity consumption and Etana will wheel electricity to their commercial property buildings located in several jurisdictions in South Africa. Chariot says the agreement represents South Africa's "first multi-jurisdiction, multi-building, multi-source renewable energy wheeling arrangement". The supply will mainly consist of wind power, with components of solar and hydroelectricity. Through this agreement with Etana, Chariot says Growthpoint has secured the rights to purchase hydroelectricity generating roughly 30GWh per year by a 5MW hydroelectric power plant developed, owned and operated by Serengeti Energy, which will be wheeled by Etana. Chariot says the hydroelectric power plant has reached financial close and is currently under construction. Once in production, which is expected in the second quarter of 2025, Chariot says it will generate baseload power on a 24/7 basis.

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Oxford Metrics PLC - Oxford, England-based software provider - Ahead of its annual general meeting earlier, Chief Executive Officer Imogen Moorhouse says it entered the new financial year with "well over half of revenue expectations underpinned by orders in hand and a strong sales pipeline". CEO Moorhouse says: "The board is pleased to report that the solid start has continued with good early trading in the new financial year. The group continues to have strong visibility, which is now reflecting the normalisation of customer buying behaviour compared with the past years of disruption caused by the pandemic and supply chain challenges. Trading is in-line with expectations...The board looks forward to the year which is set to see further growth in existing markets whilst laying the foundations for future growth - which will be covered in more detail at our capital markets day in April." Says further information on trading will be provided when it announces its interim results for the six months ending March 31.

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By Greg Rosenvinge, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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12 Jun 2024 19:06

IN BRIEF: Synergia Energy secures more funding from Indian government

Synergia Energy Ltd - West Perth, Australia-based oil and gas company - Agrees to a further short-term loan with Indian Government while it awaits the sale of 50% of its Cambay production sharing contract to Selan Exploration Technology Ltd. Synergia will receive USD2.5 million from Selan pending expected government approval. Also obtains further funding of GBP400,000 from investors in order to minimise equity dilution. Loan funding to be repaid following Cambay sale.

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28 May 2024 20:20

IN BRIEF: Synergia starts farm out process of UK carbon storage centre

Synergia Energy Ltd - Oil and Gas exploration company headquartered in West Perth - Announces on Tuesday that it has begun a farm out process of its interest at the UK Medway Hub Camelot CCS project. Synergia and partner Wintershall Dea AG each own 50% of the Camelot carbon storage centre in the Southern North Sea. The centre is projected to store between 70 and 100 million tonnes of CO2. Synergia is offering up to 50% of its stake to interested parties.

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8 May 2024 21:42

TRADING UPDATES: Home REIT cuts borrowings, Genflow shares restored

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

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2 Apr 2024 15:19

TRADING UPDATES: MaxCyte inks deal with Be Bio; Orcadian firms farmout

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

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14 Mar 2024 17:25

EARNINGS AND TRADING: Versarien inks agreement for Brazilian JV

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

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11 Mar 2024 14:15

IN BRIEF: Synergia converts loan notes; confirms no equity finance

Synergia Energy Ltd - India and UK-focused gas production and carbon capture and storage project development company - Provides an update on March 9 maturity date of 6,500 convertible loan notes issued a year ago. The company says that this week it will repay in cash GBP386,451 including interest in respect of 5,430 notes and has agreed to repay GBP188,688 in cash including interest on or around September 30 in respect of 1,750 notes. It says that in total it will issue 140.5 million new shares for the conversion of the CLN. As announced in February, Synergia has a farm-out agreement with Selan Exploration Technology Ltd to transfer 50% of the Cambay PSC to Selan and awaits Government of India approval for the transfer, which will trigger the payment of USD2.5 million to the company.

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14 Feb 2024 19:56

IN BRIEF: Synergia Energy agrees farm-out deal for Cambay Field

Synergia Energy Ltd - India and UK-focused gas production and carbon capture and storage project development company - Announces the successful conclusion of negotiations with Selan Exploration Technology Ltd and execution of a farm-out agreement regarding the Cambay Field production sharing contract. Agrees to farm out 50% of the 100% interest held by Synergia in the Cambay PSC to Selan. In exchange for the 50% interest, Synergia will be carried by Selan through an agreed USD20 million work programme comprising three new wells focussed on the Eocene reservoir and three well work-overs. Synergia receives a cash payment of USD2.5 million immediately, proposes to apply the proceeds towards working capital purposes. Synergia retains a 50% interest in the Cambay PSC and a 50% share of the future production and revenues. This includes bonuses of up to USD9 million, linked to future cumulative gas sales thresholds.

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8 Feb 2024 16:04

UK shareholder meetings calendar - next 7 days

Friday 9 February 
Kibo Energy PLCEGM re pre-emption rights for share issues
Victrex PLCAGM
Monday 12 February 
Arix Bioscience PLCGM re takeover by RTW Biotech Opportunities Ltd
JPMorgan UK Smaller Companies Investment Trust PLCGM re merger with JPMorgan UK Smaller Companies
Mears Group PLCGM re authority to buy back up to 10% of shares
Tuesday 13 February 
Cellular Goods PLCAGM
Iconic Labs PLCAGM
JPMorgan Indian Investment Trust PLCAGM
Tui AGAGM including London Stock Exchange delisting vote
Xtract Resources PLCGM re sale of Manica gold project to MMP
Wednesday 14 February 
GCP Infrastructure Investments LtdAGM
Gfinity PLCGM re annual report
Tertiary Minerals PLCAGM
Tritax EuroBox PLCAGM
Thursday 15 February 
JPMorgan Asia Growth & Income PLCAGM
Synergia Energy LtdGM re share placing
VVV Resources LtdAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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31 Jan 2024 16:13

Synergia reports progress on Cambay farm-out process

(Sharecast News) - Synergia Energy updated the market on the progress of the Cambay PSC farm-out process on Wednesday, reporting that it was currently engaged in meetings in India with a prospective partner.

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22 Jan 2024 10:38

Synergia Energy shares up on "ambitious" work programme with partner

(Alliance News) - Synergia Energy Ltd shares rose on Monday, after it said it has agreed an "ambitious" work programme connected to the Cambay PSC farm-out.

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18 Dec 2023 10:35

Synergia pens head of terms deal for Cambay field farm-out project

(Alliance News) - Synergia Energy Ltd Monday said it had agreed a head-of-terms deal for its farm-out agreement in the Cambay Field.

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5 Dec 2023 13:01

Synergia raises GBP1 million as sizes up Cambay farm-out agreement

(Alliance News) - Synergia Energy Ltd on Tuesday said it has arranged a GBP1.1 million equity raise and added that it reached a deal "in principle" for a farm-out at the Cambay field.

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8 Nov 2023 15:46

UK shareholder meetings calendar - next 7 days

Thursday 9 November 
D4t4 Solutions PLCGM re name change to Celebrus Technologies PLC
Libertine Holdings PLCAGM
SIMEC Atlantis Energy LtdEGM re appointment of Nexia Singapore PAC as auditors
Friday 10 November 
DFS Furniture PLCAGM
Galliford Try Holdings PLCAGM
Minoan Group PLCAGM
Minoan Group PLCGM re issuing shares
Quartix Technologies PLCAGM
Redrow PLCAGM
Monday 13 November 
Ironveld PLCGM re fundraising
Victoria PLCGM re annual accounts and Grant Thornton UK LLP re-appointment as auditors
Tuesday 14 November 
Celsius Resources LtdAGM
Essentra PLCGM re movement of merger relief reserve
Financials Acquisition CorpEGM re LIU business combination
Fonix Mobile PLCAGM
Petra Diamonds LtdAGM
Smoove PLCGM re takeover by Pexa Group
t42 IoT Tracking Solutions PLCAGM
Wednesday 15 November 
Alternative Income REIT PLCAGM
Ascent Resources PLCGM re approval to issue 45 million shares
CQS Natural Resources Growth & Income PLCAGM
European Opportunities Trust PLCAGM
Hays PLCAGM
Henderson Eurotrust PLCAGM
Northern Bear PLCGM re tender offer
Reach PLCGM re proposed capital reduction
Synergia Energy LtdAGM
Zegona Communications PLCGM re acquisition agreement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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3 Nov 2023 14:04

Synergia reports progress on Cambay well lift operations

(Sharecast News) - Synergia Energy updated the market on the progress of its artificial lift operations at the Cambay C-77H well on Friday.

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