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TRADING UPDATES: Secure Trust sells debt assets; new Brickability JV

Fri, 11th Mar 2022 12:12

(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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Secure Trust Bank PLC - Solihull, England-based savings accounts and lending services provider - Exits debt purchase market and Debt Managers Services Ltd arm sells portfolio of loans to Intrum AB. Cash sum for deal to be determined by value of loan on deal completion. Gross value of portfolio as of September 30 was GBP84.7 million. Forecast cash consideration should deal be sealed on May 31 in GBP79.7 million.

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Brickability Group PLC - Bridgend, Wales-based construction materials distributor - Forms joint venture with La Perla Participaties BV and Harold Kock. JV will be focused on manufacture of clay roof tiles through jointly-owned entity Schermbecker Building Products GmbH. Will operate in Germany. Once fully operational, JV is expected to produce roughly 45,000 tonnes of clay roof tiles per year for distribution markets in UK and Europe. Brickability to hold 50% interest following a EUR500,000 investment.

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Hardide PLC - Oxfordshire-based advanced surface coating technology developer - Expects first half sales to rise 40% annually. Company ends its financial year on September 30. "Earlier this month we were particularly pleased to announce developments in the power generation sector with the first production set of gas turbine blades coated and delivered to Ansaldo Energia. The second set of turbine blades is due to be received later this month and further sets of blades are due to be received throughout this year," Hardide says.

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Oracle Power PLC - London-based power and natural resource project developer with projects focused in Pakistan - Appoints H&P Advisory Ltd as financial adviser and consultant to Oracle in respect to potential green hydrogen project in Pakistan. Company says: "H&P will focus exclusively on the project, providing strategic advisory and financial services to realise its full potential for the benefit of Oracle stakeholders, including the preparation of a valuation model."

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Pembridge Resources PLC - London-based copper-focused mining company - Says Minto Metals Corp makes first repayment to Pembridge for CAD4 million, about GBP million, loan. Minto has paid CAD500,000, with further payment of same amount to be made by end of March.

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Empyrean Energy PLC - oil & gas explorer and producer with assets in China, Indonesia and US - Secures China Oilfield Services Ltd Nh9 drill rig for Jade well at Block 29/11 permit, offshore China. On Monday, company said China Oilfield completed well site survey required over Jade prospect drilling location.

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UK Oil & Gas PLC - London-based oil and gas company focused on operations in the UK - Updates on appeal process for Loxley gas project consent. An inspector submits report to UK Secretary of State to assist in ruling. "The planning inspectorate has also advised that they expect the SoS to issue his decision on or before 7 June 2022," UK Oil adds. In January, UK Oil said its appeal against Surrey County Council's refusal to consent for Loxley project was recovered by central government.

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Touchstone Exploration Inc - Calgary, Canada-based upstream oil and gas company - Says Trinidad & Tobago approves five-year extension of exploration period for Ortoire Licence to July 31, 2026. Touchstone must drill three well to minimum depths of 6,000 vertical feet before end of term. "The three exploration wells are in addition to the five previous wells drilled to date on the property. Similar to the previous minimum work program, we will be responsible for 100% of the drilling, completion and testing costs for the three additional exploration wells," company adds.

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Getech Group PLC - Leeds, England-based provider of geoscience data - Says subsidiary H2 Green Ltd lands deal with Highland Council in Scotland for creation of regional network of green hydrogen hubs. "This infrastructure will accelerate the decarbonisation of the Highlands council area, the largest administrative unit in the United Kingdom covering almost a third of Scotland," Getech says. Highland Council will contribute initial GBP100,000.

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Brandshield Systems PLC - London-based cybersecurity solutions provider - Reports findings from "disruption programme" undertaken alongside Pharmaceutical Security Institute. Duo had aim of "monitoring, detecting, and removal of online threats". "Over the 12-month period, BrandShield took down over 850 rogue pharmacies across websites and social media, 4,000 social media posts, and more than 14,000 fraudulent marketplace listings, where a minimum estimated value of USD1.8 million of counterfeits was removed," company says. On Monday, Brandshield said it secured a new client in online gaming field. Brandshield was picked to reduce risks of social media impersonation, phishing sites, online traffic diversion and trademark infringements.

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Good Energy Group PLC - London-based renewable energy supplier - Says Zap-Map teams with UK car breakdown cover specialists RAC. Tie-up will allow RAC members to get their electric vehicles charged "as quickly as possible".

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Sure Ventures PLC - London-based investment and venture capital company - Says AI investee Getvisibility seals EUR10 million funding round. Raises new equity from venture capital firms Alpha Intelligence Capital and Fortino Capital. Existing investors, Sure Ventures included, also participate. Sure invests EUR310,773. Pires Investments PLC, meanwhile, invests EUR50,000. Pires made original Getvisibility investment of EUR250,000 in March 2020.

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One Media iP Group PLC - digital music rights acquirer - Acquires licensor's share of the royalties to the Orbital Digital Ltd catalogue of rights. Catalogue includes "several thousands of recordings". "The catalogue ranges from classical through to Dance/Hip Hop and features a wide range of artists such as; Jose Carreras, Jo Jo Adams, Kool & the Gang, Irish Tenor Trio, Alexandra O'Neal, Joe Strummer, Sid Vicious, Chic, Lee Perry, The Lambrettas, Dread Filmstone, Sex Pistols, Suketu, Col Abram, Psy-Co-Billy, Rachel Porter's all female Orchestra, Ebn ozn," One Media says.

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DP Eurasia NV - master franchisee of Domino's Pizza brand in Turkey, Russia, Azerbaijan and Georgia - Says there has been no material disruption to its operations so far. "Trading from its 188 stores in Russia continues, and the group remains dedicated to the communities it serves," it asserts. DP Eurasia does, however, say it felt it is "prudent" to limit any further investment into its operations. It also has suspended royalty payments from its Russian operations. Will continue monitoring situation and provide further update with annual results, set to be published on April 5.

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Belvoir Group PLC - Lincolnshire, England-based residential property lettings and sales company - Acquires Mr and Mrs Clarke Ltd for GBP200,000. MMC is a concierge-style personal estate agency which has a network of 10 licensed partners, mostly based around Warwickshire, South Wales, the Midlands and North London in England.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
12 Jan 2024 09:42

UK Oil & Gas sinks after GBP750,000 fundraise via discounted placing

(Alliance News) - UK Oil & Gas PLC on Friday said that the placing was necessitated by the UK government's accelerated hydrogen storage schedule.

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11 Jan 2024 15:21

IN BRIEF: UK Oil & Gas notes Pinarova-1 progress in Turkey

UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - Operator of Pinarova-1 in Turkey, AME, advises that perforating operations should commence towards the end of next week or by the following Monday. Announcement follows the successful completion of repair and strengthening of the access track and well pad during recent good weather.

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9 Jan 2024 14:27

IN BRIEF: UK Oil & Gas celebrates as court gives Loxley final consent

UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - Says UK Court of Appeal has refused permission for any further appeal against the grant of planning consent for UKOG's Loxley conventional gas and hydrogen feedstock project in Surrey. Court's decision is final and cannot be appealed or reviewed, so planning permission will now remain in full force and effect. Order upholds the High Court's in late July which likewise refused permission to appeal. Loxley forms part of UKOG's move into hydrogen, alongside its Portland storage project in Dorset, and will supply gas as feedstock for reformation into clean burning hydrogen.

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3 Jan 2024 13:32

UK Oil & Gas jumps as recommences operations at Pinarova-1

(Alliance News) - UK Oil & Gas PLC on Wednesday said that it has re-commenced operations at Pinarova-1, with site access and well pad strengthening and repair.

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15 Dec 2023 16:58

TRADING UPDATES: 88 Energy expands Texas footprint with acquisitions

(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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15 Dec 2023 11:36

UK Oil & Gas gets explosives permits for Pinarova well

(Sharecast News) - UK Oil & Gas has obtained all the necessary explosives permits to deploy new seven-inch perforating guns, it announced on Friday, designed to penetrate the nine-and-five-eighths-inch casing of the Pinarova well fully.

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15 Dec 2023 10:49

AIM WINNERS & LOSERS: Getech falls on revenue warning; Arkle rises

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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12 Dec 2023 12:14

IN BRIEF: UK Oil & Gas gets extension for Horse Hill oil field work

UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - Says the UK North Sea Transition Authority has granted a one-year extension to the PEDL137 retention area work programme at its Horse Hill oil field in southern England until September 30, 2025. Adds that work programme now fully corresponds to the farm-in programme agreed with Pennpetro Energy PLC announced on Monday.

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11 Dec 2023 11:38

Pennpetro and UK Oil & Gas agreed extension of Horse Hill farm-in deal

(Alliance News) - Pennpetro Energy PLC and UK Oil & Gas PLC on Monday said they have agreed to extend their conditional agreement for Pennpetro to farm-in to the Horse Hill oil field in southern England.

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8 Dec 2023 18:36

IN BRIEF: UK Oil & Gas receives payment from Horse Hill Developments

UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - Says that the "continued profitability" of the Horse Hill oil field has allowed the operator, Horse Hill Developments Ltd, to make a payment of GBP675,000 to UK Oil & Gas. Explains that this represents a partial repayment of certain historic shareholder loans. UK Oil & Gas holds an effective 86% interest in the field and surrounding PEDL137 licence, and a 78% direct shareholding in HHDL.

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8 Dec 2023 16:25

UK Oil gets £0.68m payment from Horse Hill Developments

(Sharecast News) - UK Oil & Gas reported a positive financial development related to the Horse Hill oil field on Friday.

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21 Nov 2023 14:39

TRADING UPDATES: Poolbeg hails approval; EDX links with Thermo Fisher

(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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3 Nov 2023 13:01

IN BRIEF: UK Oil & Gas gives first, second share tranches to investors

UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - Says that as part of a GBP3 million funding facility, it has delivered the first and second tranches of ordinary shares to RiverFort Global Opportunities PCC Ltd and YA II PN Ltd, in relation to the first cash sum received of GBP2 million gross. Adds that these shares can be converted at the investors' discretion to repay the loan, the balance of which now stands at GBP1.4 million. Any equity shares unsold at the end of the loan term or on early repayment will be sold by the investors and the net proceeds repaid to the company.

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13 Oct 2023 14:59

UK Oil & Gas says testing to resume at Pinarova-1

(Sharecast News) - UK Oil & Gas updated the market on testing operations at the Pinarova-1 well on Friday, with testing set to resume in around four weeks.

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13 Oct 2023 14:00

IN BRIEF: UK Oil & Gas notes resumption of testing at Pinarova-1

UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - Pinarova-1 well operator, Aladdin Middle East, says that the resumption of testing operations within the Germik/Hoya sequence, is expected in around four weeks. Says testing will cover the section where strong oil odours were recorded over a 12-hour period during drilling.

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