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Pin to quick picksTekCapital Share News (TEK)

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Share Price: 8.15
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TRADING UPDATES: Tekcapital investee and Puma VCT 13 raise funds

Thu, 22nd Jul 2021 19:40

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

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Tekcapital PLC - London-based intellectual property investment firm - Says portfolio company Lucyd's Innovative Eyewear subsidiary has launched a new Regulation Crowdfund. They are seeking to raise USD500,000 at a USD20 million pre-money valuation. The proceeds are earmarked for building inventory to meet increasing customer demand from its e-commerce and retail sales channels.

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Puma VCT 13 PLC - investment firm - Intends to launch a new offer for subscription later in July to raise up to GBP20.0 million with an over-allotment facility of up to a further GBP10.0 million.

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3i Infrastructure PLC - Jersey-based investment firm - Says the strategic review of Oystercatcher's European terminals in Amsterdam, Terneuzen, Ghent and Malta has reached an advanced stage. 3i, Oiltanking GmbH and Evos, through Evos Finance BV, intend to enter into an agreement for the sale & purchase of Oystercatcher's 45% stakes in the terminals, as well as the 55% stakes held by Oiltanking GmbH. Entering into a sale & purchase agreement is subject to the applicable Dutch and Belgian employee consultation procedures.

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Vela Technologies PLC - investment firm - Invests GBP750,000 in Northcoders Group PLC's initial public offering funding round which has raised GBP3.5 million. The investment was made from Vela's existing cash resources and is the second-largest investment made by Vela since its strategic relaunch in August 2020.

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Ecofin US Renewables Infrastructure Trust PLC - investment firm - Agrees to buy twelve ground mount solar photovoltaic projects at construction stage with an aggregate asset value of USD95 million. The combined capacity of the projects is estimated at 69 megawatts, which will help offset over 83,000 tonnes of CO2 equivalent each year. The projects are expected to commence operations in phases beginning in the first quarter of 2022.

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Oncimmune Holdings PLC - Nottingham, England-based diagnostics company - Reports the pre-publication of the first results from its collaboration with Cedars-Sinai Medical Center in Los Angeles. The paper focuses on the characterisation of sex-specific prevalence and selectivity of autoantibody responses to the SARS-CoV-2 virus. The aim of this initial research project was to use the SeroTag infectious diseases discovery array to detect autoantibodies to over 90 antigens previously linked to a range of classic autoimmune diseases. The paper reveals a sex-specific prevalence and selectivity of autoantibody responses to SARS-CoV-2 and concludes that further understanding of the nature of triggered and persistent autoantibody activation among men and women exposed to SARS-CoV-2 will be essential for developing effective interventions against both acute, and chronic immune-mediated sequelae of Covid-19.

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Zenith Energy Ltd - Calgary, Canada-based oil & gas company - Says Chapman Petroleum Engineering Ltd, Zenith's independent qualified reserves evaluator, has produced a new independent evaluation of reserves for the year ended March 31. Chapman has assessed Zenith's proved plus probable reserves for its existing portfolio in Italy and Tunisia as 6,274 million barrels of oil equivalent.

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Atlas Mara Ltd - Tortola, British Virgin Islands-based financial services firm - Defends the application by TLG ATMA Ltd with the High Court of Justice of the Eastern Caribbean Supreme Court, British Virgin Islands seeking to appoint joint liquidators for Atlas Mara. The company says this outcome is in the best interest of all stakeholders and is a vindication of the company's position.

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UDG Healthcare PLC - Dublin, Ireland-based healthcare company - Says shareholders voted in favour of UDG takeover in an adjourned meeting in connection with the increased and final recommended cash offer by Nenelite Ltd, an affiliate of Clayton, Dubilier & Rice LLC. The sanctioning of the acquisition by the High Court is expected in August. No third-quarter trading update will be issued by UDG, it says.

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Audioboom Group PLC - Jersey-based podcasting company - Rejects possible offer from All Active Asset Capital Ltd as it "undervalues the Audioboom business, its progress and potential to capitalise on its market position to generate value for the company's shareholders". The company notes that Active Asset Capital must by no later than August 16 to either make an offer or to announce that it does not intend to make an offer.

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By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
26 Apr 2024 09:00

Tekcapital's Innovative Eyewear enters deal with New Look Vision

(Sharecast News) - Intellectual property investor Tekcapital announced on Friday that its investee Innovative Eyewear, the developer of ChatGPT-enabled smart eyewear under various brands, was launching its 'Lucyd' smart frames in 10 selected New Look Vision Group stores across Quebec and at New Look's online store.

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25 Apr 2024 16:00

EARNINGS AND TRADING: ECO Animal revenue up; Zephyr starts drilling

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

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18 Apr 2024 11:44

Tekcapital firm Innovative Eyewear hires Micah Richards as brand rep

(Alliance News) - Tekcapital PLC on Thursday said its portfolio company Innovative Eyewear Inc has appointed pundit and former Premier League footballer Micah Richards as a brand ambassador.

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17 Apr 2024 11:15

Tekcapital's Innovative Eyewear inks deal with US firm

(Sharecast News) - Intellectual property investor Tekcapital announced a fresh development from its portfolio company Innovative Eyewear on Wednesday, as the latter launched a strategic partnership with Windsor Eyes, a prominent eyewear manufacturing and distribution firm.

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17 Apr 2024 11:07

Tekcapital says Innovative Eyewear strikes deal for US distribution

(Alliance News) - Tekcapital PLC on Wednesday said its portfolio company, Innovative Eyewear Inc, has secured a new partnership deal with Windsor Eyes Inc.

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5 Apr 2024 14:25

Tekcapital investee partners with autonomous vehicle developer

(Alliance News) - Tekcapital PLC on Friday said that technology developed by its portfolio company, Guident Ltd, will be used in autonomous vehicles built by Talinn-Estonia-based AuVe Tech OU.

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5 Apr 2024 13:07

Tekcapital upbeat on progress at investee company Guident

(Sharecast News) - Tekcapital updated the market on its investee company Guident on Friday, as the latter incorporated its remote monitoring and control (RMCC) technology into the MiCa autonomous shuttle being developed by Auve Tech.

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29 Feb 2024 14:20

Tekcapital raises GBP2 million through placing and subscription

(Alliance News) - Tekcapital PLC on Thursday said it has raised GBP2.0 million through a placing and subscription of shares.

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19 Feb 2024 18:57

TRADING UPDATES: Coro seals sale terms, Powerhouse makes good progress

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

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15 Feb 2024 16:02

TRADING UPDATES: Diversified Energy offers dividend alternative

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

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15 Feb 2024 14:48

Takcapital investee Guident inks partnership with AuVe Tech

(Sharecast News) - Tekcapital announced on Thursday that its autonomous vehicle technology investee Guident had inked a strategic partnership with AuVe Tech, an Estonian company specialising in autonomous transportation systems.

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1 Feb 2024 14:10

UPDATE: MicroSalt shares jump after IPO but investor Tekcapital falls

(Alliance News) - Tekcapital PLC on Thursday said its investee MicroSalt PLC has commenced trading on AIM, with the low-sodium salt producer also celebrating a successful fundraise.

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1 Feb 2024 11:39

Tekcapital shares fall but "excited" as MicroSalt completes IPO

(Alliance News) - Tekcapital PLC on Thursday said its investee MicroSalt PLC has commenced trading on AIM, with the low-sodium salt producer also celebrating a successful fundraise.

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29 Jan 2024 11:20

IN BRIEF: Tekcapital investee MicroSalt to IPO this week

MicroSalt PLC - London-based developer of manufacturing process that produces a salt crystal about 100 times smaller than traditional salt, providing saltiness with lower sodium - Expects to make its initial public offering on London's AIM market on Thursday, with an expected market capitalisation of GBP18.5 million and issued share price of 43 pence. Tekcapital PLC, a London-based intellectual property investor, holds an 87% stake in MicroSalt and 92% in its US subsidiary MicroSalt Inc.

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24 Jan 2024 12:47

IN BRIEF: Tekcapital raises GBP570,000 via sale of Belluscura shares

Tekcapital PLC - London-based intellectual property investor - Sells 3.5 million shares in AIM-listed medical device developer Belluscura PLC at a price of 16.15 pence each, raising GBP565,250. Following the share sale, Tekcapital owns 7.7% of Belluscura.

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