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Pin to quick picksVela Technologies Share News (VELA)

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TRADING UPDATES: Tekcapital investee and Puma VCT 13 raise funds

Thu, 22nd Jul 2021 19:40

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Tekcapital PLC - London-based intellectual property investment firm - Says portfolio company Lucyd's Innovative Eyewear subsidiary has launched a new Regulation Crowdfund. They are seeking to raise USD500,000 at a USD20 million pre-money valuation. The proceeds are earmarked for building inventory to meet increasing customer demand from its e-commerce and retail sales channels.

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Puma VCT 13 PLC - investment firm - Intends to launch a new offer for subscription later in July to raise up to GBP20.0 million with an over-allotment facility of up to a further GBP10.0 million.

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3i Infrastructure PLC - Jersey-based investment firm - Says the strategic review of Oystercatcher's European terminals in Amsterdam, Terneuzen, Ghent and Malta has reached an advanced stage. 3i, Oiltanking GmbH and Evos, through Evos Finance BV, intend to enter into an agreement for the sale & purchase of Oystercatcher's 45% stakes in the terminals, as well as the 55% stakes held by Oiltanking GmbH. Entering into a sale & purchase agreement is subject to the applicable Dutch and Belgian employee consultation procedures.

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Vela Technologies PLC - investment firm - Invests GBP750,000 in Northcoders Group PLC's initial public offering funding round which has raised GBP3.5 million. The investment was made from Vela's existing cash resources and is the second-largest investment made by Vela since its strategic relaunch in August 2020.

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Ecofin US Renewables Infrastructure Trust PLC - investment firm - Agrees to buy twelve ground mount solar photovoltaic projects at construction stage with an aggregate asset value of USD95 million. The combined capacity of the projects is estimated at 69 megawatts, which will help offset over 83,000 tonnes of CO2 equivalent each year. The projects are expected to commence operations in phases beginning in the first quarter of 2022.

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Oncimmune Holdings PLC - Nottingham, England-based diagnostics company - Reports the pre-publication of the first results from its collaboration with Cedars-Sinai Medical Center in Los Angeles. The paper focuses on the characterisation of sex-specific prevalence and selectivity of autoantibody responses to the SARS-CoV-2 virus. The aim of this initial research project was to use the SeroTag infectious diseases discovery array to detect autoantibodies to over 90 antigens previously linked to a range of classic autoimmune diseases. The paper reveals a sex-specific prevalence and selectivity of autoantibody responses to SARS-CoV-2 and concludes that further understanding of the nature of triggered and persistent autoantibody activation among men and women exposed to SARS-CoV-2 will be essential for developing effective interventions against both acute, and chronic immune-mediated sequelae of Covid-19.

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Zenith Energy Ltd - Calgary, Canada-based oil & gas company - Says Chapman Petroleum Engineering Ltd, Zenith's independent qualified reserves evaluator, has produced a new independent evaluation of reserves for the year ended March 31. Chapman has assessed Zenith's proved plus probable reserves for its existing portfolio in Italy and Tunisia as 6,274 million barrels of oil equivalent.

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Atlas Mara Ltd - Tortola, British Virgin Islands-based financial services firm - Defends the application by TLG ATMA Ltd with the High Court of Justice of the Eastern Caribbean Supreme Court, British Virgin Islands seeking to appoint joint liquidators for Atlas Mara. The company says this outcome is in the best interest of all stakeholders and is a vindication of the company's position.

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UDG Healthcare PLC - Dublin, Ireland-based healthcare company - Says shareholders voted in favour of UDG takeover in an adjourned meeting in connection with the increased and final recommended cash offer by Nenelite Ltd, an affiliate of Clayton, Dubilier & Rice LLC. The sanctioning of the acquisition by the High Court is expected in August. No third-quarter trading update will be issued by UDG, it says.

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Audioboom Group PLC - Jersey-based podcasting company - Rejects possible offer from All Active Asset Capital Ltd as it "undervalues the Audioboom business, its progress and potential to capitalise on its market position to generate value for the company's shareholders". The company notes that Active Asset Capital must by no later than August 16 to either make an offer or to announce that it does not intend to make an offer.

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By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Vela Technologies puts another £66k into fintech firm Mode

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IN BRIEF: Vela Technologies Raises GBP1.5 Million Via Shares Placing

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Vela Technologies raises £1.5m to fund investment opportunities

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IN BRIEF: Vela Technologies Nets GBP234,000 From Sale Of Kanabo Stake

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IN BRIEF: Vela Tech Notes Investee Kanabo Admitted To Trading On LSE

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IN BRIEF: Vela Tech To Invest GBP150,000 In Spinnaker Opportunities

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Vela invests £0.15m in Spinnaker as part of Kanabo reverse takeover

(Sharecast News) - Vela Technologies announced on Tuesday that it has agreed to invest £0.15m in Spinnaker Opportunities, to be re-named Kanabo Group.

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