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Pin to quick picksVela Technologies Share News (VELA)

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TRADING UPDATES: Angus in Balcombe blow; YouGov buys Canada asset

Tue, 02nd Mar 2021 19:11

(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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Angus Energy PLC - UK-focused onshore oil and gas development company - Notes West Sussex County Council's Planning Committee rejects planning application for an extended well test at Balcombe oil field. Angus says "disappointed" by decision. "The company is presently evaluating all of the options available with its partners," Angus adds.

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YouGov PLC - London-based research data and analytics group - Buys Toronto-based sports research and consulting agency Charlton Insights, boosting YouGov Sport's presence in Canada. Acquisition fee is tied to a "three year earn-out", YouGov adds.

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CloudCall Group PLC - Leicester, England-based provider of unified communications and contact centre software - Receives additional demand so boosts size of fundraising to GBP7.5 million, from GBP7.0 million. Equity raise consists of 8.8 million placing shares and 357,169 shares as part of PrimaryBid offer.

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Next Fifteen Communications Group PLC - London-based digital communication group - To repay GBP1.4 million in furlough money from UK government amid "continued strong trading performance".

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FastForward Innovations Ltd - technology and life sciences sector focused investor - Notes 2.3% owned investee EMMAC Life Sciences sells wellness brands to Yooma Wellness Inc. FastForward has a 9.0% stake in Yooma.

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Vela Technologies PLC - Bingley, England-based company with investments in early-stage disruptive technology businesses - Invests roughly GBP66,000 in Mode Global Holdings PLC, as part of the London-listed fintech firm's GBP6 million placing.

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Warehouse REIT PLC - real estate investment trust focused on warehouse assets - Buys multi-let warehouse estate on Glasgow Airport Business Park for GBP5.3 million, representing net initial yield of 6.3%. "The property generates a net rental income of GBP357,000 per annum," Warehouse REIT adds.

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600 Group PLC - West Yorkshire, England-based manufacturer and distributor of machine tools, precision engineered components and industrial laser systems - Says three US operations granted forgiveness of initial loans under US government's Paycheck Protection Program. Loans amount to USD2.2 million. "Second round funding under the PPP scheme for an additional USD2.2 million has been applied for. From this application, two of the three entities have so far received their allocation, amounting to USD1.6 million, with the remaining USD600,000 expected to be received in the coming weeks," 600 adds. Notes order intake has continued to improve since first Covid-19 outbreak, with February up about 40% annually.

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Coral Products PLC - Merseyside-based supplier of injection moulded plastic products - Completes disposal of Coral Product (Mouldings) Ltd and Interpack Ltd to One51 ES Plastics UK Ltd for GBP7.9 million. Notes as planned, Chief Executive Officer Michael Wood steps down following disposals. Non-Executive Chair Joseph Grimmond becomes executive chair.

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Omega Diagnostics Group PLC - sells wide range of specialist products, primarily in the immunoassay, in-vitro diagnostics market - Lands contract with Screen4 Ltd to provide Covid-19 antibody laboratory-based testing services.

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Quadrise Fuels International PLC - London-based fuel conversion technology firm - Raises GBP6.0 million from placing of 222.2 million shares at 2.7 pence each.

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PureTech Health PLC- Boston, Massachusetts-based biotherapeutics company - Founded entity Karuna Therapeutics, a firm developing medicines for psychiatric and neurological conditions, prices offer of 2.1 million shares at USD120.00 each. To raise about USD250.0 million.

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Castillo Copper Ltd - Australia and Zambia focused base metal explorer - Earmarks "strategic intent" to progress Big One deposit, Australia following " a series of excellent assay results" and global demand for copper. Castillo adds: "Further work is planned to extend known mineralisation and Big One deposit's potential scale, commencing with an induced polarisation survey to identify incremental test-drill targets."

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88 Energy Ltd - Alaska-focused oil producer - Says mobilisation of rig 111 to Merlin-1 location "progressing well" but reports "minor delays" attributed to weather. Spud date scheduled for March 8.

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Serabi Gold PLC - Brazil-focused gold miner - Raises USD17.5 million, about GBP12.5 million, from placing of 16.7 million shares at GBP0.75 each. "The financing completed today creates a strong financial position for Serabi from which we will be able to advance our significant growth opportunities," CEO Mike Hodgson says.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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1 Oct 2018 15:18

Vela Tech Negotiates Loan Repayment With Both Shareholder And Director

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Vela Technologies Annual Loss Widens On Lower Value Of Investments

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Vela Technologies Invests GBP200,000 In Event Ticket Marketplace

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Argo Blockchain To Raise GBP20 Million Via London IPO (ALLIPO)

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29 May 2018 14:15

Vela's Investee Changes Name And Operations Prior To TSX Listing (ALLIPO)

LONDON (Alliance News) - Vela Technologies PLC on Tuesday said African Hydrocarbons Inc confirmed the name change to BlockchainK2 Corp as it prepares to list on Toronto Stock Exchange.The a

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21 May 2018 14:51

Vela Investing In African Hydrocarbons After BlockchainK2 Name Change

LONDON (Alliance News) - Vela Technologies PLC announced today that African Hydrocarbons Inc has been given conditional approval from the Toronto stock exchange to change its name to BlockchainK2

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9 May 2018 12:54

Vela Technologies Investee Vibe Tickets Enters Administration

LONDON (Alliance News) - Shares in Vela Technologies PLC fell on Wednesday as it said investee THEVIBE Ltd went into administration at the end of April.Vela shares were trading at 0.40 down

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29 Mar 2018 10:50

Vela Technologies Invests GBP150,000 More Into Travel Start-Up Portr

LONDON (Alliance News) - Investment firm Vela Technologies PLC said Thursday it had invested a further GBP148,466 in travel technology company Portr - which as

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16 Mar 2018 14:24

Vela Technologies BTL Stake Worth GBP2.3 Million After Shares Fall

LONDON (Alliance News) - Investment firm Vela Technologies PLC said Friday its stake in portfolio firm BTL Group Ltd was worth GBP2.3 million despite share as -

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14 Feb 2017 12:41

Vela Notes Blockchain Pilot Project For Investee Firm BTL Group

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13 Jan 2017 15:44

Vela investment BTL makes progress in energy and finance spaces

(ShareCast News) - Early stage and pre-IPO disruptive technology investment firm Vela noted an announcement released by BTL Group on Friday, which provided details on BTL's blockchain pilot project with a leading energy company and an update on BTL's previously-announced pilot in the finance and ban

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15 Nov 2016 12:21

Vela Technologies confirms THEVIBE Ltd raises c.£600,000

(ShareCast News) - Vela Technologies has confirmed that THEVIBE Ltd's funding round via Crowdcube funding has raising a total of £608,890. THEVIBE Ltd trades as Vibe Tickets. Vela said it invested £200,000 in Vibe Tickets as part of this funding round. After completion of the funding round, Vela ho

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4 Oct 2016 14:31

Vela Technologies chips in to Vibe Tickets fundraising

(ShareCast News) - Early stage and pre-IPO disruptive technology investing company Vela Technologies announced on Tuesday that, following the announcement of the loan note fundraising on 9 September, it has been approached with regards to new potential investment opportunities. The AIM-traded firm s

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9 Sep 2016 10:36

Vela Technologies issues loan notes to raise £400,000

(ShareCast News) - Early-stage technology investor Vela Technologies issued convertible loan notes to certain shareholders to raise £400,000 for working capital and future investments. The loan notes were only made available to certain shareholders of the AIM-listed company, including one of its dir

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5 Sep 2016 15:36

Vela Technologies improves minuscule revenue, widens loss

(ShareCast News) - Vela Technologies, the investing company focused on early-stage and pre-IPO disruptive technology investments, announced its results for the year ended 31 March on Monday. The AIM-traded firm reported total revenue for the year of £9,000, up from £8,000 in the year before. Its to

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