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Pin to quick picksUpland Resource Share News (UPL)

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TRADING UPDATES: SigmaRoc files patent; Griffin restarts operations

Fri, 04th Nov 2022 20:38

(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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Nostrum Oil & Gas PLC - Amsterdam-headquartered oil and gas company with operations in Kazakhstan - Proposes to extend the long-stop date to February 16, 2023, from December 16. If its ongoing restructuring has not been implemented by this date, the scheme and the implementation deed will automatically terminate. On May 11, it launched a scheme of arrangement via issuing of practice statement letter to scheme creditors to implement a proposed financial restructuring, as contemplated in the lock-up agreement with regards to the 8.0% senior notes due July 2022 and 7.0% senior notes due February 2025, issued by Nostrum Oil & Finance BV.

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SigmaRoc PLC - London-based quarried materials group - Files a UK patent on its Alfabloc Mark II retaining wall systems. Alfabloc is an interconnecting precast concrete walling system produced in the UK, Ireland, Benelux and Scandinavia.

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RTW Venture Fund Ltd - New York-based investor in life sciences, biopharmaceutical, and medical technology companies - Director William Scott buys 50,000 shares at USD1.105 each.

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Griffin Mining Ltd - mine operator focused on China - Recommences the operations of Caijiaying mine in China on Tuesday. Expects full production at Caijiaying mine to begin Monday.

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Amte Power PLC - developer and manufacturer of lithium-ion and sodium-ion battery cells - Signs a convertible bond facility. Issues a tranche 1 drawdown notice in respect of the first GBP3.0 million of the facility. The maximum proceeds of the facility are expected to amount to roughly GBP3.9 million.

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Kingswood Holdings Ltd - London-based wealth and investment management - Says it made a second year 1 deferred consideration payment in the amount of GBP500,000 relating to the acquisition of Admiral Wealth Management Ltd. Says it used a portion of the cash proceeds from its new funding facility.

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Provident Financial PLC - Bradford, England-based banking company - Receives a notice from the Prudential Regulation Authority that its application for a UK Group large exposure waiver was approved. This will enable Moneybarn No 1 Ltd, the group's vehicle finance subsidiary, to access retail deposit funding via Vanquis Bank with immediate effect.

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Upland Resources Ltd - London-based oil and gas company - Promotes Non-Executive Chair Haji Bolhassan Di to chief executive officer on a full-time basis. The appointment is effective immediately. Bolhassan has had significant oil and gas experience with Shell PLC in South Korea, Singapore, the North Sea and the Netherlands.

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Round Hill Music Royalty Fund Ltd - Guernsey-based investor in music copyright assets - Turtlegrass Partners LLC, a company controlled by Round Hill Music Royalty Fund Ltd investment manager Joshua Gruss buys 116,000 at USD0.858.

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IDE Group Holdings PLC - Croydon-based cloud & IT managed services provider - Says the change of its name to Tialis Essential IT PLC has now been completed and has taken effect on companies house as of Thursday. "Over the coming months the company will be overhauling the entire IDE brand, colours and messaging, with a relaunch of the new Tialis brand. This will include a new website, planned for early 2023," the company says.

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Mode Global Holdings PLC - London-based bitcoin banking app - Says it has received and accepted conversion notices resulting in the conversion of an aggregate of GBP69,056 principal amount of the loan notes, resulting in the issuance today of 1.9 million new ordinary shares of 1 pence each in the capital of the company at an average conversion price of GBP0.0393 per share.

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Canadian Overseas Petroleum Ltd - Calgary, Canada-based oil and gas company operating in Nigeria and US state of Wyoming - Issues 7.0 million common shares following a conversion of USD800,000 principal of 2024 bonds and USD600,000 principal of 2025 bonds. The principal amount of convertible bonds outstanding reduced to USD11.2 million of 2024 Bonds and USD9.0 million of 2025 bonds, it says.

On Tuesday, the company reports that the miscible flood at it Barron Flats continue to exceed its initial expectations, "thus resulting in a resimulation of the field which is underway." Says flaring gas has commenced at Barron Flats. Continues to refine its interpretation of its deep oil discovery made in September. Remains in discussions with "select US and international banks" regarding the refinancing of its current senior credit facility of USD42 million.

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Coral Products PLC - Manchester-based plastic products maker - Proposes the cancellation of its share premium account and of the capital redemption reserve. Together they comprise the reduction of its share capital. Seeks the approval of shareholders for the cancellation of the entire share premium account of the company of GBP6.3 million. Also seeks shareholder approval for the cancellation of the capital redemption reserve of GBP1.2 million.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
21 May 2018 13:04

Upland Resources Says In Good Position In Sarawak After Malaysian Vote

LONDON (Alliance News) - Shares in Upland Resources Ltd rose on Monday as it noted that plans for greater independence for the Malaysian state of Sarawak in regulating upstream oil and gas were by

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16 May 2018 13:08

UPDATE: Upland Resources And Baron Oil Approved For Wick Prospect

LONDON (Alliance News) - Upland Resources Ltd said Wednesday the UK Oil & Gas Authority has given its consent for Upland to take a stake in the Wick prospect in the UK North Sea off company is

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15 May 2018 12:59

Reabold Resources Investee Corallian Inks Pact For Drilling 2 UK Wells

LONDON (Alliance News) - Reabold Resources PLC said Tuesday that investee Corallian Energy Ltd has signed a preliminary agreement with Ensco UK to secure a jack-up drilling unit for Colter and to

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20 Mar 2018 14:28

Upland Resources Pays Commission On Loan Note Issue In Cash And Shares (ALLISS)

LONDON (Alliance News) - Upland Resources Ltd said Tuesday it will pay GBP105,000 in commission to the facility providers of its recent GBP3.5 loan cash

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8 Mar 2018 12:33

Upland Resources Raises GBP3.5 Million Via Convertible Loan Issue (ALLISS)

LONDON (Alliance News) - Upland Resources PLC said Thursday private and institutional investors have subscribed to GBP3.5 million in unsecured, interest-free -

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7 Mar 2018 16:51

Upland Resources Says Tune Assets Has Built 16% Stake

LONDON (Alliance News) - Upland Resources Ltd said Wednesday that Tune Assets Ltd now owns 16.2% stake in the company.Tune Assets owns 74.1 million voting rights in the

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16 Feb 2017 12:11

DIRECTOR DEALINGS: Wife Of Upland Resources Non-Executive Buys Shares

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11 Jan 2017 16:50

UPDATE: Egdon, Union Jack And Upland Hit By Wressle Consent Refusal

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31 Oct 2016 15:39

Upland Resources Says "Well-Funded" In Search For Oil Assets

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14 Jul 2016 09:48

Upland Resources CEO Staley Donates GBP11,700 In Shares To Charity (ALLISS)

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7 Jul 2016 11:05

Upland Resources Stresses South East Asia Focus As Non-Exec Appointed

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31 Mar 2016 10:58

DIRECTOR DEALINGS: Upland Resources Chairman Buys 18 Million Shares

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30 Mar 2016 14:00

Upland Resources Mulls New Onshore UK And Malaysia Opportunities

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17 Dec 2015 14:32

2nd UPDATE: UK Begins Fracking Push As New Onshore Licences Awarded

Read more
17 Dec 2015 14:08

UPDATE: UK Begins Fracking Push As New Onshore Licences Are Awarded

Read more

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