AIM WINNERS & LOSERS: Challenger Energy up on Chevron farm-out deal
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.
Read moreFri, 17th May 2019 11:13
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued Wednesday and not separately reported by Alliance News:
Read more(Sharecast News) - Verditek shares were surging on Wednesday afternoon, after it announced a conditional sale and purchase agreement to divest its solar business, including Verditek Solar Italy, to Verditek Solar Limited for £0.53m.
Read moreVerditek PLC - London-based producer of lightweight solar panels - Says talks with the bondholders in relation to the proposed disposal of its solar business are progressing positively. Earlier in February, Verditek agreed to sell the business to a new company established by holders of Verditek's secured convertible loan notes, for GBP528,340 in notes and GBP50,000 in cash. Furthermore, company says it has implemented additional measures to reduce cash burn. This means that Verditek has extended its current cash runway until the end of the week beginning March 4. Warns that should talks not complete, the directors will likely consider alternative routes including, potentially, a liquidation of the company.
Read more(Sharecast News) - Verditek updated the market on its proposed disposal on Friday, announcing positive progress in negotiations with bondholders regarding the sale of certain assets.
Read moreThursday 22 February | |
Bankers Investment Trust PLC | AGM |
Narf Industries PLC | AGM |
RWS Holdings PLC | AGM |
Sunrise Resources PLC | AGM |
Friday 23 February | |
Blencowe Resources PLC | AGM |
Bluebird Merchant Ventures Ltd | AGM |
Caledonian Trust PLC | AGM |
Chemring Group PLC | AGM |
Marble Point Loan Financing Ltd | EGM |
Monday 26 February | |
Oncimmune Holdings PLC | AGM |
Tuesday 27 February | |
abrdn Diversified Income & Growth PLC | AGM |
Asian Energy Impact Trust PLC | GM re annual accounts |
Custodian Property Income REIT PLC | GM re merger with abrdn Property Income Trust Ltd |
JPMorgan Mid Cap Investment Trust PLC | GM 2nd re merger with JPMorgan Mid Cap |
LondonMetric Property PLC | GM re merger with LXi REIT Plc |
Victorian Plumbing Group PLC | AGM |
Vinanz Ltd | AGM |
Wednesday 28 February | |
abrdn Property Income Trust Ltd | GM re merger with Custodian Property Income REIT PLC |
Beacon Rise Holdings PLC | EGM re continued pursuit of an acquisition |
Downing Strategic Micro-Cap Investment Trust PLC | GM re managed wind-down |
Image Scan Holdings PLC | AGM |
PPHE Hotel Group Ltd | EGM re waiver of mandatory offer provisions |
Verditek PLC | GM re disposal of solar business |
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(Sharecast News) - Verditek announced on Wednesday that it has reached a preliminary agreement to sell its solar business in a deal involving the establishment of a new company, 'Newco', by the holders of its secured convertible loan notes.
Read moreVerditek PLC- London-based producer of lightweight solar panels - Agrees terms to sell its solar business to a new company, which will be established by the holders of Verditek's secured convertible loan notes for GBP528,340 in notes and GBP50,000 in cash. Upon disposal, Verditek will be regarded as an AIM rule 15 cash shell. Verditek will therefore need to, within six months, make an acquisition or acquisitions which constitute a reverse takeover. Says that it is currently in discussions with "a group of individuals", who it is proposed would come in as a new management team with a view to completing a fundraise of about GBP300,000. The aim would be to conduct a reverse takeover within 6 months of completion of the disposal. "There is no guarantee that this proposal will proceed as it still at an exploratory stage and the company will update the market with more information as soon as it is available," Verditek adds.
Read more(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
Read more(Alliance News) - Verditek PLC on Wednesday expressed the urgency of a fundraise in the next few months, as its cash resources become increasingly limited.
Read more(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.
Read more(Sharecast News) - AIM-listed Verditek saw shares plummet on Wednesday after the solar panel group said it was exploring a number of urgent financing options as it is running out of money.
Read more(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Friday and not separately reported by Alliance News:
Read more