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Pin to quick picksTekCapital Share News (TEK)

Share Price Information for TekCapital (TEK)

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Share Price: 8.70
Bid: 8.40
Ask: 9.00
Change: -0.15 (-1.69%)
Spread: 0.60 (7.143%)
Open: 8.85
High: 8.85
Low: 8.50
Prev. Close: 8.85
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TRADING UPDATES: Valeura hits 90 million barrel milestone at Jasmine

Wed, 17th May 2023 14:32

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

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Valeura Energy Inc - Thailand- and Turkey-focused oil and gas company based in Alberta, Canada - Says it has produced its 90 millionth barrel of oil at its Jasmine oil field, exceeding the seven million barrel expectations set out during its original development in 2004. Says: "In our view, it is exceptional that after having recovered more than 12 times that amount since its first production in 2005, we have verified Proved and Probable reserves of more than 10 million barrels and continue to find opportunities for infill drilling aimed at further reserves replacement. Drilling operations to date in 2023 have both increased production rates and identified new development targets which will form the basis of a work plan for 2024 and beyond."

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Tekcapital PLC - London-based intellectual property investment company - Says portfolio company MicroSalt has expanded the sales of its SaltMe! crisps and MicroSalt shakers into 400 additional stores in the US. Says stores include Brookshire Brothers, Pete's Fresh Market, Heinen's, Dick's Fresh Market, Zerbos, Better Health Market, Tdych's Marketplace and Associated Supermarkets. "We are proud of our efforts thus far to build product distribution as it underscores the retail need for full flavor, low-sodium products. These efforts are working in parallel with our efforts to provide low-sodium products for private-labeled retail brands. Excess sodium consumption is one of the leading contributors to hypertension, and partnerships like this are the best way to provide consumers with great tasting products with less sodium," Chief Executive Rick Guiney comments.

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Tertiary Minerals PLC - Zambia and Nevada, US-focused explorer focusing on energy transition and precious metals - Says soil sampling programme completed at Lubuila Copper Project in Zambia, including additional follow-up sampling based on portable X-Ray Fluorescence results. Says 425 samples collected, targeting two untested areas of Lower Roan Group Sediments, and an historical anomaly in Upper Roan Group Sediments. Says initial results indicate a large open-ended copper-in-soil anomaly over an area of 1,000 metres by 680 metres, with a peak copper value of 306 parts per million and an average value of 125 parts per million. "I am pleased to announce that the first soil sampling programme of the 2023 exploration season was completed efficiently whilst also producing anomalous results in preliminary analysis. The copper-in-soil anomaly identified in Area C is large and remains open in all directions. However, this needs to be validated with traditional laboratory wet geochemical analysis that can also provide analysis for a wider range of metallic elements and a better geochemical context," says Chief Executive Patrick Cheetham.

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Versarien PLC - Cheltenham, England-based engineering materials company - Says preliminary results of Cementene trials indicate that 20% of Portland cement can be removed from Banagher's precast concrete mix when Cementene is added, while maintaining the compression strength of the concrete. Adds that results indicated that Cementene has potential to reduce CO2 emissions without impacting performance. "We are delighted with the results that have been achieved by Banagher utilising Versarien's Cementene. The use of Cementene has been demonstrated to offer a substantial environmental benefit at a cost we believe is competitive. We look forward to continuing to work with Banagher and, in due course, other concrete suppliers to role out Cementene enhanced concrete as soon as possible," says Chief Executive Stephen Hodge.

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By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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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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