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Pin to quick picksVela Technologies Share News (VELA)

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TRADING UPDATES: Tintra receives bid approach; NCC trading in line

Thu, 07th Sep 2023 20:27

(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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Amur Minerals Corp - Russia-focused nickel copper sulphide exploration company - Confirms that trading in the company's shares on AIM will be suspended with effect from today. Following the disposal of the AO Kun-Manie subsidiary, Amur became classified as an AIM Rule 15 cash shell and was required to make an acquisition or acquisitions which would constitute a reverse takeover under Rule 14 of the AIM rules for companies, or be re-admitted on AIM as an investing company under AIM rules on or before the date falling six months from March 6. As neither of these events have taken place, shares have been suspended. If no transaction has taken place in a further six months, trading in the shares will be cancelled.

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NCC Group PLC - Manchester-based cybersecurity company - Expects to report adjusted earnings before interest and tax in line with the outturn outlined in June's trading update. Current trading is in line with expectations with cost efficiencies across Cyber Security and corporate functions already being realised. In financial year 2024, expects to make modest improvement in adjusted Ebit driven by both the Cyber Security and Software Resilience businesses. Execution of the next chapter of the strategy is progressing well, with its global delivery and operations centre in Manila opening by the end of September 2023. Says results will now be released on September 27, and not September 14 as previously advised as the auditor has requested more time to complete all procedures.

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Vela Technologies PLC - early stage-focused technology investor - Further to announcement on August 15, notes that Murphy Canyon Acquisition Corp has recently announced that the special meeting of stockholders to approve its initial business combination with Conduit Pharmaceuticals Ltd has been postponed and will now be held on September 13. The meeting will also discuss Murphy's planned acquisition of an economic interest in AZD1656 from Vela for GBP4.0 million. Vela paid GBP2.4 million for an 8% economic interest in this asset in October 2020, which Murphy aims to buy for GBP4.0 million.

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Triple Point Social Housing REIT - London-based real estate investment trust - Reports EPRA net tangible assets per share of 111.31 pence at June 30, little changed from 111.80p the year before. Adjusted earnings per share fell to 2.21p from 2.57p. Dividend was unchanged at 2.73p.

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Renalytix PLC - London-based kidney health-focused diagnostics company - Appoints Howard Doran as chief business officer from September 1. His primary responsibility will be leading the KidneyIntelX global sales effort.

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Helium One Global Ltd - helium explorer in Tanzania - Raises GBP6.3 million from placing, subscription at 6 pence per share. Further, raises GBP0.5 million by a retail offer taking total proceeds of fundraise to GBP6.8 million.

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Restore PLC - London-based provider of digital and information management and lifecycle services - Jamie Hopkins, executive director, buys 47,350 shares at an average price of 210.1 pence worth GBP99,482.35. Following this transaction Hopkins holds 54,756 shares.

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Lexington Gold Ltd - gold exploration and development company with projects in the US states of North and South Carolina - Completes the acquisition of White Rivers Exploration Proprietary Ltd, an exploration and development company with significant gold assets in South Africa. Lexington Gold is now the sole ultimate beneficial owner of WRE with a 26% interest to be issued to Lexington Gold's partners in due course which will serve to reduce firm's resultant interest in WRE to 76%. In talks with a well-known group in South Africa and will announce further details when this transfer of ownership has been completed. As part of acquisition, issues 36.1 million new shares to rise GBP2.24 million, representing 35% of the maximum Lexington Gold equity of up to GBP6.4 million to be paid as consideration under the WRE acquisition and loan agreements.

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Seed Innovations Ltd - Guernsey-based wellness and life sciences company - Notes release by its portfolio company, Little Green Pharma Ltd. Results of study show medicinal cannabis significantly improves pain, quality of life & fatigue. Study was of 2,327 Australian patients.

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Yourgene Health PLC - Manchester, England-based molecular diagnostics group - Says at court sanction hearing today the court issued the court order sanctioning the scheme which facilitates the takeover by Novacyt SA. Confirms today will be last day of trading in Yourgene shares with trading suspended from September 8.

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Tintra PLC - builder of banking and infrastructure technology systems - Agrees in principle a possible cash offer by LRB 35 Ltd, an unquoted special purpose vehicle, currently controlled by its directors, Tariq Al Abdulla and Andrew Bascombe, but with backing from other existing non-management shareholders of Tintra, to acquire the company. Bid values each share in Tintra at 150 pence per share with a share exchange alternative. Board is minded to recommend the offer should a firm intention be made.

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By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
23 Feb 2024 21:25

IN BRIEF: Vela Technologies notes drop in quarterly asset valuation

Vela Technologies PLC - Early stage-focused technology investor - Issues quarterly investment update. Says the value of Vela's total assets decreased during the quarter to December 31 by 9% to GBP6.2 million. Notes Vela's portfolio comprised a total of 15 active investments, unchanged from the end of the previous quarter. Two of these investments were unquoted, 13 were quoted. Estimates the fair value of the investment portfolio was GBP6.2 million, down from GBP6.8 million at September 30.

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23 Feb 2024 13:03

Vela Technologies reports fall in total assets

(Sharecast News) - Early-stage technology investor Vela Technologies said in an update on Friday that its total assets, including cash, decreased by £0.64m or 9% during the December quarter, amounting to £6.18m.

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22 Dec 2023 12:41

IN BRIEF: Vela Technologies swings to profit amid "cautious optimism"

Vela Technologies PLC - Early stage-focused technology investor - Posts a pretax profit of GBP502,000 for the first half ended September 30, swinging from a loss of GBP127,000 the year prior. Reports no revenue for the period, unchanged from the previous year. Says that it is "cautiously optimistic" of its long-term future, and is committed to its investment strategy.

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13 Dec 2023 19:48

EARNINGS AND TRADING: NWF trading inline; Tandem's markets challenging

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

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4 Dec 2023 15:42

UK shareholder meetings calendar - next 7 days

Tuesday 5 December 
450 PLCAGM
Wednesday 6 December 
Alternative Liquidity Fund LtdAGM
Bowleven PLCAGM
Gattaca PLCAGM
STM Group PLCcourt meeting and EGM re takeover by Pension SuperFund Capital
VinaCapital Vietnam Opportunity Fund LtdAGM
Virgin Wines UK PLCAGM
Thursday 7 December 
Asia Dragon Trust PLCAGM
Bioventix PLCAGM
Darktrace PLCAGM
Doric Nimrod Air Two LtdAGM
essensys PLCAGM
Fidelity Emerging Markets LtdAGM
GS Chain PLCAGM
Haydale Graphene Industries PLCAGM
Kibo Energy PLCAGM
Kin & Carta PLCAGM
Lok'n Store Group PLCAGM
Parity Group PLCGM re sale of Parity Professionals to Network Ventures
Supermarket Income REIT PLCAGM
Westmount Energy LtdAGM
YouGov PLCAGM
Friday 8 December 
Amedeo Air Four Plus LtdAGM
Ashoka India Equity Investment Trust PLCAGM
Associated British Engineering PLCAGM
Associated British Foods PLCAGM
Corcel PLCGM re disposal of 41% interest in the Mambare nickel/cobalt project
Hargreaves Lansdown PLCAGM
URA Holdings PLCGM re closing the fundraise
Monday 11 December 
IamFire PLCAGM with vote on name change to WeCap PLC
Pharma C Investments PLCGM re allowing investments in fintech, AI sectors
SigmaRoc PLCGM re reverse takeover
Tribal Group PLCGM re cash offer by Tiger Bidco 1 Ltd
Vela Technologies PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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28 Sep 2023 19:03

EARNINGS: Trellus Health loss narrows, in late-stage product talks

(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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27 Sep 2023 19:43

TRADING UPDATES: Inland Homes appoints administrators; EDX buys Hutano

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

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21 Sep 2023 11:14

Vela Technologies and Cizzle Biotechnology rise on Conduit listing

(Alliance News) - Vela Technologies PLC and Cizzle Biotechnology Holdings PLC on Thursday said the go-ahead for a partner to take on a New York listing will allow them to cash in options to sell their interests in a new drug.

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21 Sep 2023 10:49

AIM WINNERS & LOSERS: Vela and Cizzle up as Conduit takes NY listing

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

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5 Sep 2023 12:27

Tribe Technology debuts on AIM after raising GBP5 million in IPO

(Alliance News) - Tribe Technology PLC shares started trading on the AIM market in London on Tuesday, after the mining equipment maker raised GBP4.6 million in its initial public offering.

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15 Aug 2023 10:48

Murphy Canyon to hold meeting on planned buy of interest in AZD1656

(Alliance News) - Cizzle Biotechnology PLC and Vela Technologies PLC on Tuesday noted that blank-check special purpose acquisition company Murphy Canyon Acquisition Corp will hold a special meeting on September 7.

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23 May 2023 17:16

TRADING UPDATES: Vela to invest in Tribe Tech; Seraphim NAV down

(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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20 Apr 2023 16:49

Vela shares up as mulls selling interest in AZD1656 for GBP4.0 million

(Alliance News) - Vela Technologies PLC on Thursday announced it entered into a put option deal for the right to sell its commercial interest in AZD1656, a Covid application.

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10 Feb 2023 11:59

Vela Technologies sees asset boost from EnSilica share price increase

(Alliance News) - Vela Technologies PLC on Friday said total assets increased in the third quarter as investee company EnSilica PLC's high turnover boosted its share price.

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