TRV.L Share News (TRV)

Steam cleaning group Proventec's major shareholder with 36.2% of the share capital and the representatives of 75% of the £15m 8.5% fixed rate loan notes agreed a comprehensive restructuring of the loan notes.The agreement will see a cash injection of £2.5m, a reduced value and coupon loan note and a significant conversion of debt and loan notes into equity.Engineer Specialist Energy has traded in line in the first half to June. Pump maker Hayward Tyler continue to exhibit significant advances in underlying gross and operating margins. Lawyer software specialist Tikit's revenues held up well in the first half of 2010 and are expected to be similar to the same period of 2009 despite a number of clients remaining reluctant to commit to major projects involving third-party software. The group says it is also benefitting from the efficiency and cost reducing measures undertaken in the first half of 2009. German-focused property group Treveria says Deutsche Bank, acting as the Servicing Agent of Treveria's first Deutsche Bank/Citigroup debt facility, has filed for insolvency of part of this debt facility's loan portfolio which relates to certain German property holding companies. This comprises €329m out of this specific facility's loan value of €553m and represents 19% of the company's total debt facilities.UBC Media has agreed an early release with Bauer for its multiplex spectrum contracts which run until 2013. This will result in an increase in the current year's net profit in excess of current market expectations. UBC will write back £0.5m as released provision to the profit and loss account and will make a one-off cash payment of £2.2m to Bauer.June was the strongest month of the year for KBC Advanced Technologies , the engineering consultant with £6m of new contract awards, as the company continues to see evidence of improving conditions in its markets.The board expects full year results to be in line with expectations, with the second half expected to be better than the first.Mobile gambling games specialist Probability has launched its first games specifically designed for Apple products, the iPhone and the iPod Touch.The company is offering browser-based games of roulette, multi-hand blackjack and a slot machine game. The games will not be available through Apple's apps store due to Apple's restrictions on gambling games.