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Pin to quick picksTlou Energy Share News (TLOU)

Share Price Information for Tlou Energy (TLOU)

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Share Price: 2.00
Bid: 1.90
Ask: 2.10
Change: -0.05 (-2.44%)
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TRADING UPDATES: Cambria Automobiles suitor tables improved offer

Fri, 30th Jul 2021 20:39

(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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Cambria Automobiles PLC - franchised motor retailer - Cambria Bidco Ltd tables final increased cash offer for Cambria Automobiles of 82.50 pence per share. Independent committee recommends shareholders accept final cash offer. Initial offer in early June was at 80p per share, which was a 21% premium to the closing price of 66.0p on March 19, being the last business day prior to the commencement of the offer period. Shares closed at 81.5p on Friday.

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Oilex Ltd - Australian oil and gas exploration and production company - Cash resources as at June-end AUD4.3 million, including the USD2.2 million reserved for the Cambay PSC purchase consideration.

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Tlou Energy Ltd - Lesedi gas-to-power project in Botswana - Signs heads of agreement with Synergen Met Pty Ltd, a hydrogen developer using plasma technology. The pact envisages the construction and commissioning of a hydrogen and solid carbon prototype to be installed at the Lesedi Project in Botswana. "Design work has commenced to modify this unit to produce hydrogen and solid carbon using Tlou's existing gas flows and approvals. The prototype will be constructed and tested in Queensland prior to transport to Tlou's Lesedi Project in 1Q22," firm says. Separately says that talks over power purchase agreement and funding for Lesedi project "significant advanced" in quarter ended June 30. Is bound by confidentiality and cannot currently expand further, but is looking forward to "bringing both of these key matters to a conclusion as soon as possible", though notes that timing is outside its control.

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Minoan Group PLC - developer of a holiday resort in Greece - Firm raises GBP350,000 via placing of 31.8 million shares at price of 1.1p each. In addition, and in order to settle certain liabilities, the company is issuing 9.1 million shares at same price, representing total value of GBP99,600.

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MaxCyte Inc - cell-engineering platform technologies provider - Prices upsized offering of 13.5 million shares at USD13.00 each. Anticipates gross proceeds of USD175.5 million, or USD201.8 million if underwriters exercise their option to purchase additional shares of common stock in full. "MaxCyte intends to use the net proceeds from the Offering for research and development initiatives, to expand its manufacturing capabilities and invest in manufacturing automation, to expand its sales and marketing, business development and field application scientist teams, and for working capital and general corporate purposes," it says. Shares start trading on Nasdaq Global Select Market on Friday.

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Prairie Mining Ltd - Poland-focused coal development firm - Says in strong financial position to pursue claim against Poland and continue with business development activities, with USD12.3 million litigation funding agreement and cash reserves of AUD4.8 million as at June 30.

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Berkeley Energia Ltd - clean energy company focused on bringing its wholly owned Salamanca project in Spain into production - Says in strong financial position, with AUD80 million in cash at end of quarter, and adds it will continue to strongly defend its position in relation to Nuclear Safety Council's adverse decision.

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European Metals Holdings Ltd - mineral exploration and development company focused on Cinovec lithium-tin project in Czech Republic - Says market for and price of lithium improved significantly throughout three months to June-end, and expects this improvement to continue. "The quarter was marked with positive and encouraging results from locked cycle testwork, the lodging of the Environmental Impact Assessment submission, significant advances in the formal assessment of the Project's environmental credentials and continued successful drilling programme," it says.

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Greencare Capital PLC - invests in medicinal cannabis sector - Pretax loss for six months to end of April GBP102,000, widened from GBP46,000 a year ago. This reflects rise in administrative expenses. Net assets at April 30 GBP1.3 million versus GBP449,000 a year ago. "The directors strongly believe that the market sectors which the company is focused upon investing in are going through a very exciting, transitional period, with the company well placed to deploy funds to take advantage of the forecast growth and changing regulatory landscape," it says, adding board is currently assessing "ever-increasing" pipeline of potential transactions.

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Tetragon Financial Group Ltd - closed-ended investment company that invests in a broad range of assets, including equities and real estate - Net asset value per share USD26.38 at end of June, down from USD26.57 at end of December. NAV per share total return flat for period, while MSCI ACWI Index returns 13% and FTSE All-Share 11%. "Within Tetragon's portfolio, allocations to private equity in asset management companies, hedge funds and bank loans made money, while allocations to real estate, other equities and credit and private equity and venture capital lost money," it says.

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Limitless Earth PLC - investment company - Pretax loss for year ended January GBP50,493, slimmed from GBP178,535. Net assets flat around GBP2.0 million. "It is the intention of the board to seek to exit the current investments which have performed well, when conditions provide for a successful exit, in order to provide funds for reinvestment. The board looks forward to updating shareholders with any progress in the year ahead," it says.

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Global Ports Holding PLC - London-based cruise port operator - Completes new five-year loan agreement for up to USD261.3 million with global investment firm Sixth Street. "As a result, GPH has concluded the early repayment of the USD200.3 million outstanding amount, plus accrued interest, of the 8.125% senior unsecured Eurobond, due 14 November 2021, issued by GPH's wholly-owned subsidiary Global Liman Isletmeleri AS," it says.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
4 Nov 2022 11:11

Tlou Energy secures funding for development of Lesedi power project

(Alliance News) - Tlou Energy Ltd on Friday said it raised AUD2 million, around GBP1.1 million, through a share placement.

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26 Oct 2022 16:28

Tlou Energy shuts in well at Lesedi project to save additional costs

(Alliance News) - Tlou Energy Ltd on Wednesday said it has shut in one of its wells at Lesedi to reduce production costs while work continues elsewhere on the project.

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Dolphin Capital Investors LtdAGM
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Tlou Energy LtdAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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20 Sep 2022 11:38

Tlou Energy shares fall as annual loss doubles; touts project progress

(Alliance News) - Tlou Energy Ltd on Tuesday said it aims to achieve first revenue in 2023 through energy generation in Botswana, as it posted a doubled annual loss.

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IN BRIEF: Tlou Energy continues work on Lesedi transmission line

Tlou Energy Ltd - Brisbane, Australia-based power company focused on sub-Saharan Africa - Currently plans for first revenue in the second half of 2023.

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